In a report, Agence France-Presse said, French prosecutors have started a preliminary investigation into suspected money laundering operations by the governor of Lebanon’s central bank. Riad Salameh has come under investigation for conspiracy and organised money-laundering, said the report citing… Read More ›
On Monday, the National Australia Bank disclosed it is under investigation for suspected non-compliance to anti-money laundering and counter-terrorism laws, sparking concerns of higher compliance costs and potential fines. According to Australia’s financial crime regulator, there were “areas of serious concern”… Read More ›
In an interview to Swiss newspaper NZZ am Sonntag, the CEO of Airbus Guillaume Faury said, he expects “business air travel to return to close to pre-pandemic levels” and that “airlines are devoting the same space to business class seats as… Read More ›
The French economy will return to pre-COVID 19 levels by the first quarter of 2022, said Finance Minister Bruno Le Maire in an interview to JDD, a weekly. A return in investments and spending is laying the groundwork for the… Read More ›
According to sources familiar with the matter at hand, a consortium of three private equity firms, including Carlyle Group and Blackstone Group Inc, have signed a definitive agreement to acquire a majority stake in Medline Industries Inc. The deal values… Read More ›
A ban on investing by entities of the United States in dozens of Chinese companies that allegedly have ties with defense or surveillance technology sectors was imposed by the United States president Joe Biden as he signed an executive order… Read More ›
There was a more than expected rise in the producer prices in the euro zone in the month of April driven by a sharp rise in the prices of energy products, showed data published by the European Union’s statistics office… Read More ›
On Frtiday, William Ackman’s blank-check firm Pershing Square Tontine Holdings (PSTH) confirmed that it was negotiating a purchase of a 10% stake in Universal Music Group, which is being spun-off by France’s Vivendi for around $4 billion. Vivendi is planning to cash… Read More ›
Despite Britain’s move to curtail travel, Ryanair’s CEO said, he was optimistic about the possibility of an unrestricted travel between Britain and Europe from July onwards. “When people are travelling in July and August there will be no restrictions on… Read More ›
In a statement, Uruguayan payment startup DLocal said, it had raised $617.65 million through its initial public offering. The company had priced its 29.4 million shares at $21 each above its indicated price range of $16-$18. The IPO valued DLocal… Read More ›
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