Credit Suisse Faces Verdict In Cocaine-Cash Trial
Swiss judges will rule on Monday whether Credit Suisse (CSGN.S) failed to prevent money laundering. Which linked to an alleged…
Category: World
Ireland’s PTSB May Absorb Initial ECB Rate Hikes, CEO Says
Ireland’s Permanent TSB may choose to absorb the first two rounds of European Central Bank interest rate hikes. They plan…
G7 To Announce Ban On Import Of New Russian Gold U.S. Official Says
The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday; as part of…
JP Morgan Sees Portfolio Rebalancing Lifting U.S. Stocks 7% Next Week
U.S. equities could see a 7% move up next week as investors rebalance their portfolios after a brutal first half…
China Proposes Rules To Regulate Private Pension Investment Via Mutual Funds.
China’s securities regulator proposed rules to regulate private pension investment via mutual funds. Setting the criteria for qualified products and…
Banks Rally After Stress Test, Bank of America Underperforms
Shares in the biggest U.S. banks rallied after they passed the Federal Reserve’s annual health check; but Bank of America…
Barclays Strikes $2.8 Billion Deal To Buy Mortgage Lender Kensington
Barclays (BARC.L) has struck a deal worth around 2.3 billion pounds ($2.8 billion). This is to buy specialist lender Kensington…
Australia Power Crisis Forces Manufacturers To Eye Offshore Moves, Production Cuts
Australia’s biggest building materials manufacturers are cutting back operations, hiking prices and considering moving production offshore. This is to manage…
U.S. Factories Pop Up To Make Medical Gloves, Spurred By Pandemic
Rising from a muddy field on the outskirts of the small town of Fayette. Alabama is a bricks-and-mortar symbol of…
U.S. Labor Market Remains Right; Business Activity Slowing By Lucia Mutikani
The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight,…
Musk Says Tesla’s New Car Factories ‘Losing Billions Of Dollars’
Tesla Inc’s (TSLA.O) new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase…
U.S. Bans Sales Of Juul E-Cigarettes, Company To Seek Stay
Sales of Juul e-cigarettes were jam by the U.S. Food and Drug Administration; in a major blow to the once…
Hedge Fund Citadel To Move Headquarters To Miami From Chicago
Citadel, the $51 billion hedge fund founded by billionaire investor Ken Griffin, is moving its global headquarters to Miami from…
EXCLUSIVE Nike To Make Full Exit From Russia
Nike (NKE.N) is making a full exit from Russia three months after suspending its operations ther; as the pace of…
Russia Sent Dollar-Eurobond Coupon Payouts To NSD In Roubles – Fin Ministry
MOSCOW, June 23 (Reuters) – The Russian finance ministry said it had fulfilled its obligations on two issues; of dollar-denominated…
Cisco, Nike Quit Russia, As Pace Of Western Firms Leaving Speeds Up.
U.S. companies Cisco Systems (CSCO.O) and Nike (NKE.N) plan to fully exit Russia; the two firms told Reuters on Thursday,…
As Russia Cuts Gas, German Industry Grapples With Painful Choices
The German companies that drive Europe’s biggest economy are contemplating painful cuts to their output and resorting. To polluting forms…
Cristiano Ronaldo Partners With Binance On NFT Deal
Football superstar and six-time Ballon d’Or winner, Cristiano Ronaldo, has signed an exclusive multi-year nonfungible token (NFT) partnership; with the…
Neveah Limited Issues N5.7 Billion Series 3, Series 4 Commercial Paper Programme
Neveah Limited has announced the quotation of its Series 3 and Series 4 Commercial Paper Issuances on the FMDQ Exchange.…
Canada’s Inflation Jumps 7.7% In May, The Highest Since January 1983
Canada’s annual inflation rate skyrocketed to 7.7% in May 2022, the highest since January 1983. This was disclosed by Statistics…
Samsung Australia Fined $9.7 Mln Over False Water-Resistance Claims.
Australia’s competition regulator said on Thursday a court ordered the local unit of Samsung Electronics (005930.KS) to pay a A$14…
FG, World Bank, AFD To Spend $575m On Rural Roads
The Federal Government has signed a tripartite agreement with the World Bank and the French Development Agency. This is to…
Airfares Surge By 52% Over Forex, Jet-A1 Crisis
The National Bureau of Statistics data says that in the past 12 months. The average airfare paid by passengers on…
Manufacturers Reduce Investment By 61%, Borrowing Cost Hits 22%
Nigerian manufacturers reduced their investments in the economy by 61% between 2018 and 2021. This from economic reviews of the…
Russian Rouble Firms To 7-Year High Past 53 Vs Dollar In Moscow Trade.
The rouble jumped on Wednesday to its strongest mark in seven years against the dollar and euro. Supported by capital…
UK Inflation Hits 40-Year Record, Highest In G7
Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month. The highest rate out…
Rolls Royce Offers Cash To Workers Facing High Cost Of Living.
About 70% of the UK employees will get 2,000 pounds($2,458) from British aviation engine manufacturer Rolls-Royce Holdings. To help them…
French Spirits Industry Sees Inflation Giving 2022 Bitter Taste
The French spirits industry faces a tough year due to geopolitical constraints, soaring inflation, and COVID-19 restrictions in China. After-sales…
Global Luxury Outlook Still strong, Sales To Grow At Least 5% This Year -Consultancy
Sales of luxury goods will rise at least 5% this year as shoppers in the United States and Europe continue…
Anticipating U.S. Downturn, Elon Musk Details Tesla Staff Cuts
Elon Musk, CEO of Tesla (TSLA.O) says a 10% cut in salaried staff at the electric car maker will happen…