In a report the Wall Street Journal said, federal regulators are preparing to impose a fine on Citigroup Inc for failing to improve its risk-management systems, With the news reaching the market, Citi’s shares fell by 3.3%. According to the… Read More ›
In a world first, Mexico has issued the world’s first sovereign bond linked to the sustainability development goals set by the UN, in a development that sees it raising $889.73 (750 million euros). In a statement Mexico’s Deputy Finance Minister… Read More ›
In a statement, BNSF Railway, one of the biggest railroad operators in Northern America, said it has appointed Kathryn Farmer as its CEO. She will be replacing Carl Ice, who has been at the company’s helm since 2013. Incidentally, BNSF… Read More ›
On Monday, in a development that will further escalate U.S.-China tensions, China’s commerce ministry stated, it has launched an anti-subsidy probe into some glycol ethers imports from the U.S. starting from September 14. The development comes in the wake of… Read More ›
On Monday, Mint, a financial daily has reported citing sources aware of the development, that the Carlyle Group is eyeing to invest up to $2 billion in India’s Reliance Industries’ retail business. If the deal goes through, Carlyle’s investment would… Read More ›
The delay in the final phase of human trials for AstraZeneca coronavirus vaccine was described as a ‘wake up call’ by the World Health Organization (WHO). AstraZeneca had announced the suspension of its phase three human trials all over the… Read More ›
Further strict measures to clamp down on misinformation online prior to the presidential elections in the United States are being taken by Google and Twitter, the two companies have said. Ahead of the November vote a flood of false claims… Read More ›
In a significant development, Citigroup Inc has named Jane Fraser, the head of its consumer banking division, as its next CEO, marking her as the first woman to break the glass ceiling to lead a major Wall Street bank. With… Read More ›
In a significant development, U.S. Senator Marco Rubio has asked for a national security review of General Nutrition Centers plans to sell itself to Harbin Pharmaceutical Group Co Ltd. Rubio made the request in a letter to Treasury Secretary Steven… Read More ›
On Friday, Japan’s Foreign Minister Toshimitsu Motegi stated, he plans on holding talks with British trade minister Liz Truss later today to discuss a post-Brexit bilateral trade deal in the hope to reach a broad agreement. “I will hold talks… Read More ›
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