Finance News
Markets, banking, capital, credit and macro — the money story behind business news, with attention to City of London developments and the major US and EU venues.
A retrospective on the Corporate Transparency Act and the beneficial-ownership register at FinCEN: where reporting compliance now sits, what the data is being used for, and the live legal challenges that could still unwind it.
After more than three years of trial, a Munich court found the former Wirecard chief executive guilty of commercial gang fraud, breach of trust, accounting manipulation, and market manipulation in the largest accounting scandal in German corporate history.
While the asset-management industry consolidates, the UK-listed Polar Capital has stuck to a multi-boutique model and delivered net inflows in technology, healthcare and emerging markets. We profile the CEO who has run it since 2017.
The Singapore Court of Appeal dismissed S. Iswaran’s bid to reduce his 12-month prison sentence, in a case that broke the city-state’s decades-long record of ministerial probity and rattled investor perceptions of its rule-of-law brand.
Following his July 2024 conviction on ten counts including securities fraud and racketeering, the former Tiger Asia trader received one of the harshest financial-fraud sentences of the decade after the implosion of his family office wiped out tens of billions in market value.
In a surprising development, Deutsche Bank has lowered its rating on Heineken N.V. (HEINY) from 'Buy' to 'Hold'. This downgrade comes amid a backdrop of shifting market dynamics, along with mounting legal challenges, raising concerns about the brewer...
MOHELA is the Missouri-based student-loan servicer at the centre of the Supreme Court case that struck down the first Biden student-debt cancellation plan. We explain who they are, what they do and why they matter.
A Ho Chi Minh City court imposed Vietnam’s rare commercial death penalty on the chair of property developer Van Thinh Phat, finding she orchestrated a fraud equivalent to 6% of the country’s GDP, a case that has also produced convictions of senior banking regulators.
Data from Hedge Fund Research (HFR) has revealed the latest indication of the devastation that volatility wrought on the sector last year: around $125 billion worth of assets from performance losses exited the hedge fund industry in 2022. HFR said th...
Months after being forced to issue a profit warning, Swiss investment management company GAM Holding is stepping up negotiations over a potential sale. GAM, which oversees assets worth around CHF74.5 billion (£66.38 billion), is coordinating with ba...
Hong Kong stocks witnessed a sharp decline on Monday with the benchmark Hang Seng falling over 3% in morning trade as the unrest in China over Xi Jinping’s COVID-zero policies weighed on the market. Shares of Alibaba and JD.com lost close to 6% in m...
Ghana's government is negotiating a new policy regime where it will use its gold rather than its U.S. dollar reserves to buy oil products, Vice-President Mahamudu Bawumia said in a Facebook post on Thursday. Reuters first reported this story. In a p...
Berkshire Hathaway Chair Warren Buffett has donated Class B shares of his company worth millions to family charities this week. Buffett, one of the richest people on the planet, donated 2.4 million Class B shares of Berkshire Hathaway, worth ...
When id Software co-founder John Carmack discussed electric vehicle battery materials on Twitter, none other than Tesla, Inc. TSLA CEO Elon Musk chimed in with his view.Carmack, a computer programmer and video-game developer, said when he looks at el...
Company increases focus on core operationsChristiane Bardroff to head global clinical and commercial manufacturing, engineering and technology operations, as well as production automationLAUPHEIM, Germany, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Rentschler...
Sydney, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:Stelar Metals Ltd SLB has fielded multiple new laboratory assays confirm...
NEW YORK, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Freshworks Inc. FRSH, and Enviva, ...
VANCOUVER, British Columbia, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Image China: East / West Symphonic Concert, presented by China Arts and Entertainment Group Ltd., will debut in Vancouver on November 22. Renowned Chinese conductor, Tong Chen, will lead ...
Canadian-born actor Ryan Reynolds could be the latest celebrity owner of a North American sports team. Here’s the latest rumor in celebrity team ownership and which team Reynolds has his eye on. What Happened: Actor and production company owner Ryan ...
During a recession, investors should seek firms with solid fundamentals and a strong track record of better-than-expected earnings performances. These firms are typically defensive investments in sectors such as consumer staples, utilities, industria...
Getty ImagesBy Jonah FisherBBC Environment CorrespondentThe UK has opened a new licensing round for companies to explore for oil and gas in the North Sea. Nearly 900 locations are being offered for exploration, with as many as 100 licences set to be ...
A European Union Central Bank has raised interest rates for the first time in 11 years as they work to control soaring inflation. The ECB is continuing their plans to raise interest rates this year, increasing the rate by 0.5 percentage points to 0.0...
Bidzina Ivanishvili, the only pro-Western billionaire in the Far Caucasus, has won a significant victory in his long-running dispute with the well-known Swiss banking group Credit Suisse. According to a judgement from the Supreme Court of Bermuda, CS...