Japan Buys Most Expensive Gas Shipment as Energy Crunch Bites
Japan is expected to be the world’s top LNG importer this year, as it has purchased the most expensive ever…
Category: World
The Most Expensive Champagne, Chateau Avenue Foch 2017, Just Sold For $2.5 Million
A limited edition 1 of 1 champagne sold by NFT ‘Magnum 2.5’ has just become the world’s most expensive champagne.…
Average Annual UK Food Bill Set To Rise 454 Pounds As Inflation Soars.
UK grocery inflation hit 9.9% in the four weeks to July 10, adding 454 pounds ($543.7) to Britons’ annual bills…
U.S. Banks Take Hit On Leveraged Loans As Deals Slump, Rates Rise
U.S. banks have started taking a hit on their leveraged loans’ exposure as the outlook for dealmaking turns sour amid…
EU Gets Into Deal With Azerbaijan To Double Gas Exports By 2027
The European Commission signed a deal with Azerbaijan on Monday to double imports of natural gas by 2027. The announcement…
UN: World Population To Reach 8 Billion By November
The United Nations (UN) has projected that the global population is expected to reach 8 billion on November 15 even…
Generali Appoints Veteran Banker To Fill Board Vacancy
Italian insurer Assicurazioni Generali (GASI.MI) has named veteran banker Stefano Marsaglia to fill a vacancy on its board left by…
India’s HDFC Bank’s April-June Profit Rises 19% On Year
India’s largest private lender, HDFC Bank Ltd said its net profit for the three months to June rose 19% from…
Wells Fargo Profit Slumps On Higher Loan Loss Reserves, Mortgage Weakness
Wells Fargo & Co said on Friday its second-quarter profit nearly halved as the bank set aside more funds to…
China Steps Up Loan-Support Efforts To Developers Amid Mortgage Boycott
Chinese regulators stepped up efforts to encourage lenders to extend loans to qualified real estate projects; as the beleaguered property…
New Zealand’s Inflation Hits 3-Decade High, Raising Bets On Sharper Rate Hikes
New Zealand’s consumer prices rose at their fastest pace in three decades; beating forecasts and raising the prospect of an…
Deliveroo Slashes Revenue Outlook On Deteriorating UK Economy
British food delivery company Deliveroo slashed its full-year revenue guidance, blaming a worsening economic outlook as pressures on consumers mount.…
Russian McDonald’s Runs Short Of French Fries
Former McDonald’s restaurants in Russia are facing a shortage of French fries due to a poor harvest and Western sanctions…
IMF, World Bank Group Announces Dates For 2022 Annual Meetings
According to a joint statement by the IMF and World Bank Group, the date for the 2022 Annual Meetings has…
Ericsson’s $6.2 bln Vonage Takeover Gets U.S. Clearance
Telecom firm Ericsson (ERICb.ST) has received clearance from the U.S. national security panel to complete a $6.2-billion acquisition of cloud…
Dollar Catches Breath As Fed Officials Leave Market Pondering Over Rates Path.
The dollar hovered below a near two-decade high in Asian trading, having slipped overnight. After two Federal Reserve policymakers said…
Stocks Stumble, Dollar Steadfast As Weak China Hardens Growth Worries
Asian stocks hit a two-year low on Friday and were heading for a weekly loss; while it set the dollar…
Stocks Stumble As China Slowdown Rattles Investors
Asian stocks fell to a two-year low and were heading for a weekly loss; while they set the dollar for…
Alibaba Shares Fall On Report Of China Probe Over Data Theft.
Shares in Alibaba Group Holdings Ltd (9988.HK) fell 5.7% after the Wall Street Journal reported that the Chinese tech giant’s…
Handelsbanken’s Q2 Profit Misses Forecasts On Hedging Loss
Swedish bank Handelsbanken reported its second-quarter profit well below forecasts; after a downturn in capital markets triggered a loss on…
Uniqlo Owner’s Shares Reach 2022 High On Profit Forecast, Yen.
Fast Retailing shares surged to the highest level this year in Tokyo trading after the owner of clothing brand Uniqlo…
Morgan Stanley Profit Slumps 30% As Deals Stall, Recession Risks Rise.
Morgan Stanley’s second-quarter profit slumped 30%, it reported, falling short of analysts’ estimates for the first time in nine quarters;…
China C.Bank Keeps Medium-Term Policy Rate Unchanged For A Sixth Month
China’s central bank stood pat on its medium-term policy rate for a sixth straight month; as expected, with investors believing…
Deutsche Bank’s International Private Bank hires 4 bankers in Americas
Deutsche Bank’s International Private Bank hired four bankers in the Americas, according to an internal memo seen by Reuters. The…
China’s Economy Brakes Sharply In Q2, Global Risks Darken Outlook
China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns; and…
Chocolate Factory To Restart Production After Salmonella Scare – Barry Callebaut
Barry Callebaut said that it would restart the first chocolate production lines as of early August; at its factory in…
UK Lenders Expect Biggest Fall In Mortgage Demand Since Q2 2020
British lenders expect the biggest fall in demand for mortgages since mid-2020 during the three months to the end of…
More Than 500 Women Sued Uber Over Sexual Assault Claims
Uber is being sued by more than 500 women who claim they were assaulted by drivers who use the ride-hailing platform.…
US Inflation Rate Jumps To 9.1% — Highest In Almost 41 Years.
The annual inflation rate of the United States reached 9.1% in June, the highest rate in almost 41 years.The Bureau…
Japan’s Machinery Orders Fall For First Time In 3 Months.
Japan’s core machinery orders slipped for the first time in three months in May. Hurting hopes that a pickup in…