Mois : janvier 2020

FILE PHOTO: Michael Bloomberg, the billionaire media mogul and former New York City mayor, now Democratic candidate speaks at the Aventura Turnery Jewish Center and Tauber Academy Social in Miami, Florida, U.S., January 26, 2020. /Maria Alejandra CardonaWASHINGTON () – The Democratic Party on Friday announced new rules around how presidential hopefuls can qualify to […]

() – Private equity firm KKR & Co Inc (KKR.N) said on Friday it will seek to be included in the Russell U.S. indexes, a move targeted at increasing its shareholder base, sending its shares sharply higher. FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the […]

FILE PHOTO: Michael Bloomberg, the billionaire media mogul and former New York City mayor, now Democratic candidate speaks at the Aventura Turnery Jewish Center and Tauber Academy Social in Miami, Florida, U.S., January 26, 2020. /Maria Alejandra CardonaWASHINGTON () – The Democratic Party announced on Friday a new set of rules governing which presidential hopefuls […]

PARIS/LONDON/WASHINGTON () – Airbus (AIR.PA) bribed public officials and hid the payments as part of a pattern of worldwide corruption, prosecutors said on Friday as the European planemaker agreed a record $4 billion settlement with France, Britain and the United States. The disclosures, made public after a nearly four-year investigation spanning sales to more than […]

() – Burger King, saying it never billed its “Impossible Whoppers” as vegan or promised to cook them a particular way, said a proposed class action by a vegan customer over the plant-based patties being cooked on the same grills as meat burgers should be thrown out. FILE PHOTO: A sign advertising the soy based […]

LONDON () – Britain’s financial watchdog will likely zero in on a chunky pound futures deal, which many reckon drove sterling’s mystery spike just seconds before the Bank of England’s interest rate announcement this week FILE PHOTO: A man walks past a board displaying buying and selling rates outside of a currency exchange outlet in […]

FILE PHOTO: A passenger walks past a Travelex currency exchange at Manchester Airport in Manchester, Britain January 8, 2020. /Phil Noble/File Photo() – Travelex said it had partially restored its UK website, almost a month after a crippling ransomware attack forced the currency service provider to take its systems offline, causing chaos for New Year […]

LONDON () – The European Union’s banking watchdog has launched its toughest stress test of lenders to check on their resilience to very low interest rates, trade tensions and Britain failing to get an EU trade deal after Brexit. FILE PHOTO: A small toy figure is seen in front of a Brexit logo in this […]

FILE PHOTO: UK pound coins plunge into water in this illustration picture, October 26, 2017. /Dado Ruvic/IllustrationLONDON () – The British pound extended its rally on Friday and was on track for its biggest weekly gain in a month after the Bank of England’s decision to keep interest rates steady on signs of a post-election […]

Aston Martin Lagonda has agreed to sell a £182m stake to a consortium led by a Formula One billionaire as part of a deal to secure its future.The Gaydon-based company said it will raise a total of £500m through the consortium’s investment – combined with a £318m rights issue supported by major shareholders. Aston Martin […]

FILE PHOTO: Lebanon’s Finance Minister Ghazi Wazni poses for a picture at his office in Beirut, Lebanon January 23, 2020. /Mohamed AzakirBEIRUT () – Lebanon’s finance minister urged the banks on Friday to cut interest rates and also tried to reassure savers that their deposits would not be touched as the country wrestles with a […]

FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. /David Gray/File Photo() – Australia’s No. 2 lender Westpac Banking Corp (WBC.AX) said on Saturday a class-action lawsuit, naming former Chief Executive Brian Hartzer and […]

NEW YORK () – Tech and internet titans were the first to reach $1 trillion in stock market value, but the next U.S. companies that could do so are better known for their plastic. Soaring stock prices are propelling credit and debit card companies Visa Inc and Mastercard Inc up the market value charts, where […]

FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. /Lucas Jackson/File Photo() – Morgan Stanley (MS.N) has promoted Alex Silverman and Roland Jeurissen to co-head its FX options unit, which is the target of an internal probe, Bloomberg reported on Friday, citing people familiar with the […]

() – 1/SCHLOCK AND AWE IN CHINA FILE PHOTO: People walk past an electronic display showing world markets indices outside a brokerage in Tokyo, Japan, January 8, 2020. /Issei KatoFinancial markets have gone swiftly from nonchalance to awe in reacting to the fast-spreading 2019-nCoV or new coronavirus here Global stocks have been shaken in the […]

FILE PHOTO: A woman walks past a Carige bank in Rome, Italy, Sept. 20, 2018. /Max Rossi/File PhotoGENOA () – Italy’s Banca Carige (CRGI.MI) appointed a new board on Friday to take the reins of the troubled regional lender, ending more than 12 months under a temporary special administration appointed last year to stem years […]

FILE PHOTO: Lebanon’s Finance Minister Ghazi Wazni poses for a picture at his office in Beirut, Lebanon January 23, 2020. /Mohamed AzakirBEIRUT () – Lebanon’s fiance minister urged the country’s banks on Friday to reduce interests rates to help the economy and offered reassurances that bank deposits would not be touched as the country wrestles […]

BOCHUM, Germany () – Thyssenkrupp (TKAG.DE) boss Martina Merz on Friday mapped out in more detail the restructuring of the ailing conglomerate, saying a deal to sell its elevator unit was near and inviting suitors to look at its steel and plant building units. Martina Merz, CEO of German steelmaker Thyssenkrupp AG, gestures during the […]

TOKYO () – Japan Display Inc (6740.T) said on Friday it had sealed a deal to receive up to 100.8 billion yen ($918.87 million) from Ichigo Asset Management, a critical bailout for the Apple supplier that has been dependant on publicly funded rescues. FILE PHOTO: Japan Display’s logo is seen at a display of its […]

LONDON, Jan 31 () – British mortgage approvals hit their highest level in nearly two-and-a-half years in December, according to Bank of England data on Friday that added to signs of an economic pick-up since last month’s election. FILE PHOTO: Workers emerge from Bank underground station with the Bank of England (L) and Royal Exchange […]