According to a Congressional report that was released on Wednesday, Wells Fargo is not complying with the terms of multiple settlements related to its sales scandal. The U.S. House of Representatives Financial Services Committee released the findings of its year-long… Read More ›
Financial firms in New York City are already testing work-from-home capabilities, implementing travel restrictions and canceling or modifying upcoming events even as China’s coronavirus, which landed on the finance capital’s doorstep, showed little signs of abating. Grand Central Station headquartered… Read More ›
On Monday, in a statement, Nokia said, its Chief Executive Rajeev Suri will be stepping down in September and will be replaced by Pekka Lundmark, who until now has been the CEO of Fortum. Suri will be stepping down after… Read More ›
Economists ar Goldman Sachs have predicted that the U.S. Federal Reserve is likely to cut interest rates before its next scheduled meeting in two weeks time, citing an unscheduled statement from the head of the U.S. central bank on Friday…. Read More ›
With casinos shut for two weeks in Macau, the world’s second biggest casino hub, revenues from gambling in Macau have plunged by 87.8% in February in comparison to the previous year as authorities imposed a series of measures to keep… Read More ›
In a news bulletin, South Korea’s Yonhap news agency reported, citing an official from Samsung Electronics, that the electronic giant has shut down one of its mobile device factories in the country following one of its worker testing positive for… Read More ›
In a statement, the European Commission stated, Brexit negotiations with Britain will not include British financial firms gaining access to the EU market. The clarification comes in the wake of Britain stating it wants a “legally binding” framework to access… Read More ›
On Thursday, the European Union commissioner stated, the bloc was weighing options which includes measures to support those sectors which have been adversely hit by China’s coronavirus; it would however need more time to assess its precise economic impact. “It… Read More ›
On Thursday, Bank of America cut its world growth forecast to the lowest level since the peak of the global financial crisis in 2009. “We have cut our 2020 global growth forecast to 2.8% (from 3.2%). This would be the… Read More ›
On Thursday, with China’s coronavirus continuing to spread at its fastest pace outside China, shares continued to plunge downward wiping out more than $3 trillion in value in this week alone. U.S. Treasuries yields also hit their record lows on… Read More ›
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