Standard Chartered (StanChart) has unveiled its largest-ever share buyback of $1.5 billion and has raised its income outlook for 2024, driven by anticipated strong economic growth in its key Asian markets and a strategic plan to control costs. The London-based… Read More ›
Switzerland’s financial regulator, FINMA, is closely examining how UBS screens risky wealthy clients being transferred from Credit Suisse, sources revealed. This comes as the regulator adopts a proactive stance in overseeing the bank’s integration of its fallen competitor. Earlier this… Read More ›
After the Dutch gadget manufacturer Philips released better-than-expected second-quarter profits, its stock rose more than 10.5% in early trading on Monday. By 9:32 a.m. London time, the stock had reduced gains marginally and was trading up 10.45%. Similar group sales… Read More ›
A growing number of economists surveyed by Reuters expressed optimism about the chances for global economy this year and next, though many are still sticking to their projections of interest rate reductions. The risks are still pointing towards greater inflation…. Read More ›
According to the Nikkei newspaper on Sunday, Japan’s Mitsubishi Motors is going to become a part of an alliance between Nissan Motor and Honda Motor, forming a partnership between manufacturers with a combined sales volume of over 8 million cars…. Read More ›
A key US Federal Reserve indicator revealed in June that inflation had somewhat decreased from a year earlier, paving the path for the much-anticipated interest rate drop in September. According to Dow Jones estimates, the personal consumption expenditures price index… Read More ›
A deeper debate about the appropriate platform to advance the agenda was covered up by the first-ever unified declaration by G20 finance chiefs on Friday, wherein they pledged to work in order to properly tax the world’s richest fortunes. The… Read More ›
Colgate-Palmolive, a manufacturer of toothpaste, increased its projections for organic sales and yearly profit on Friday. This came after the company’s high-priced products continued to outpace second-quarter predictions. In comparison to a 16% increase in the previous year, organic sales… Read More ›
James Mirfin, global head of risk and identity solutions at Visa, told CNBC that the payment giant is utilising AI and machine learning to combat fraud. Between October 2022 and September 2023, the business stopped $40 billion worth of fraudulent… Read More ›
It’s easy to understand why company is flourishing as you stroll through the endless hallways of Apple Storage in downtown Toronto. Hundreds of candles are being packaged and prepared for shipping around the globe behind one metal shutter, while an… Read More ›
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