U.S. authorities have issued subpoenas to Goldman Sachs Group Inc for documents related to the bank's dealings with scandal-hit Malaysian state fund 1MDB, the Wall Street Journal reported late on Friday.
SINGAPORE Singapore's central bank said on Saturday it is examining the extent of involvement by Goldman Sachs' local unit in bond deals for Malaysian state investor 1Malaysia Development Berhad (1MDB).
HONG KONG British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month's vote to leave the European Union.
LONDON Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy.
NEW YORK Wall Street, seeking direction as the S&P 500 has been stuck in a narrow trading range for 12 days, will next week shift its attention from second-quarter corporate earnings reports to economic data.
NEW YORK Weak U.S. economic growth data knocked down the dollar and yields on U.S. government debt Friday, while Japanese government bond yields rose the most in eight years after investors reacted coolly to the Bank of Japan's latest effort to boost the economy.
MUMBAI ICICI Bank Ltd, India's top private sector lender by assets, reported first-quarter profit fell about 25 percent as its provisions for bad loans more than doubled.
MILAN Italian bank UniCredit said on Friday it would work with European Central Bank supervisors to assess what it needed to do after industry stress tests showed its core capital ratio neared a closely-watched 7 percent threshold under adverse conditions.
BRUSSELS U.S. cable group Liberty Global and UK telecoms firm Vodafone are set to win EU antitrust approval for their plan to merge their Dutch operations after offering minor concessions, two people familiar with the matter said on Friday.
WASHINGTON U.S. economic growth unexpectedly remained tepid in the second quarter as inventories fell for the first time in nearly five years and business investment weakened further, offsetting robust consumer spending.