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New work from the IMF and the IDB attempts to isolate the bond-spread effect of credible anti-corruption institutional reform in Latin America. The estimated discount, 35 to 60 basis points for the cleanest cases, is smaller than reform advocates hoped but larger than markets generally credit.
The Federal Chamber of Criminal Cassation confirmed the former president’s 2022 conviction for fraudulent administration of public works in Santa Cruz province, taking her one step closer to a lifetime ban from holding office.
A London-listed business with a nearly $1 billion market cap is getting ready to offer its shares on the New York Stock Exchange, as the debate about the London Stock Exchange's declining appeal to public companies heats up. In order to get ready ...
The world-famous sandwich chain Subway has been put up for sale with a $10 billion price tag, and one of the potential buyers is an arm of Wall Street titan Goldman Sachs. According to media reports, a few parties have submitted indicative offers fo...
Three UK prime ministers failed to persuade a prominent Cambridge microprocessor inventor to list on the London Stock Exchange (LSE), it has been revealed. On Thursday night, Japanese-owned Cambridge-based Arm announced it would list on the New York...
The energy regulator has decreased the cap on the amount energy firms can charge customers but rates are still set to grow. As of April 1, the maximum amount average homes can be expected to spend in electricity and gas bills will decrease to £3,280...
The UK arm of the French state-owned energy behemoth EDF has profited from rising electricity tariffs. In its 2022 annual results, EDF (Électricité de France) reported higher UK earnings despite a loss. Its UK core profits surged to £1.12bn from jus...
According to an economic think tank, the UK will avoid entering a recession this year, but one-in-four homeowners would struggle to pay their rising costs. According to an estimate from the National Institute of Economic and Social Research (Niesr),...
From April water bills in England and Wales will increase by the biggest amount in almost 20 years. According to industry association Water UK, the average customer will now pay £31 more annually than they did last year, bringing the average bill to...
The FTSE 100 Index in London has risen to an all-time high of 7905. The 100 most valuable firms on the London Stock Exchange, as measured by the Financial Times Stock Exchange index, broke the previous mark of 7,903.5 established in May 2018. As th...
The owners of Asda have disclosed a planned restructuring that will result in thousands of employees being transferred to lower-paying positions and put hundreds of jobs at jeopardy. The GMB union harshly criticised the modifications made by the thir...
M&S plans to open new stores around the UK, which will generate thousands of jobs. A £480 million investment in Marks & Spencer's stores will enable the company to open 20 additional locations and generate thousands of new jobs. This year, M&...
Since good news in economics has been so scarce lately, it is worthwhile to focus on it when it does present itself. The Office for National Statistics (ONS) said this week that the economy expanded by 0.1% in November. Although the rise in the gross...
The CEO of Tesco believes that the second half of 2023 will see a slowdown in food inflation, which reached a record high in December. Ken Murphy was commenting after the largest retailer in the UK asserted that it was the only significant grocery c...
House prices in the UK have dropped for the fourth month in a row as cost of living pressures and higher borrowing costs dampen demand. In December, the typical home price dropped to £281,272, according to information from Halifax. The price drop fr...
Consumer spending failed to keep pace with inflation in December, figures suggest, likely bolstering the view among economists that the UK is in recession. According to data from the British Retail Consortium (BRC) and Barclaycard, spending increas...
For the first time in its 118-year history, Rolls-Royce Motor Cars has celebrated a record-breaking sales year with the sale of more than 6,000 vehicles. The BMW-owned luxury brand in the UK said that sales volumes increased by 8% in 2022 compared t...
Given the drama of 2022, we can never predict what 2023 will bring. However, that need not prevent us from trying, so here are a few charts that may help paint a picture of what could be a 'world of pain' for UK consumers in 2023. The divergence of...
The collapse of the cryptocurrency trading platform FTX has had an impact on the entire digital currency market, even though certain market participants have benefited from it. In order to take advantage of the transparency that decentralised exchan...
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...