An international group of investigative journalists has been provided with thousands of documents that provide details of money worth about $2 trillion that potentially was amassed through corrupt means and had passed through the financial system of the United States…. Read More ›
With the number of daily coronavirus infections continuing to rise rapidly, it is likely that more restrictions on public life in the coming days will be imposed by European countries, according to analysts. “Expect lots more restrictions over the days… Read More ›
According to two sources familiar with the matter at hand, Societe Generale is gearing up to launch the sale of its asset management arm Lyxor with the French lender aiming to shore up its finances following two consecutive quarterly losses…. Read More ›
In a move that marks the acceleration of consolidation in Chinese brokerage firms, China’s Guolian Securities Co said it will acquire Sinolink Securities Co through a share swap and stake purchase. The development comes at a time when financial conglomerates… Read More ›
In a statement, U.S. auto parts maker Garrett Motion Inc said, it has filed for Chapter 11 bankruptcy protection, as its struggles with its heavy debt due to a payment settlement dispute with its former parent Honeywell International Inc. In… Read More ›
On Monday, shares of Standard Chartered’s and HSBC in Hong Kong fell vertically following media reports that the two banks along with other banks transferred large sums of allegedly illicit funds for nearly two decades despite the transfers being red… Read More ›
Fish scales that would generally find their way into trash cans at restaurants or those of the fish markets is being collected by a French company. The news agency Reuters reported that the firm is turning the fish scales into… Read More ›
According to reports citing two documents of the European Union, new rules within four years are being planned to be introduced in the single currency market that will allow making of cross-border payments quicker and cheaper by the use of… Read More ›
On Friday, Swedish telecoms giant Ericsson said, it has agreed to acquire U.S.-based wireless networking company Cradlepoint in a $1.1 billion deal. The deal is Ericsson’s largest acquisition in more than a decade. The acquisition will provide Ericsson access to… Read More ›
In a statement, Ford Motor Co said, it has commenced production of its new F-150 pickup truck at its Dearborn, Michigan, facility. It expects the F-150 to go on sale this November. The new F-150 launch is “on time and… Read More ›
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