Published November 13,2023 Subscribe German multinational Continental is planning to chop a number of thousand jobs worldwide in its struggling automotive provider division,
Category: Business
Goldman Sachs expects ‘less robust’ dealmaking in medium term
Goldman Sachs sees dealmaking exercise to remain muted within the medium time period as macroeconomic circumstances weigh on non-public fairness transactions, an govt mentioned Wednesday.
US Fed official says interest rate cut unlikely in ‘short term’
The U.S. Federal Reserve (Fed) might have completed elevating rates of interest to battle inflation however in all probability will not lower them “in the
Use of Türkiye’s electronic payment system Troy gains momentum
Interest in TROY, a home digital card cost clearing system launched in 2016, has gained momentum lately, in response to the information from Anadolu Agency
Australian central bank lifts its cash rate to 12-year high
Australia’s central financial institution raised Tuesday rates of interest, bringing them to a 12-year excessive, ending 4 months of regular coverage. However, it left it
UBS logs $785M loss in Q3 due to Credit Suisse acquisition costs
UBS Group reported Tuesday a $785 million loss within the third quarter as a consequence of prices related to the Swiss financial institution’s acquisition of
BOJ eases grip on rates as end to yield control looms
The Bank of Japan (BOJ) on Tuesday tweaked its bond yield management coverage once more, additional loosening its grip on long-term rates of interest, taking
UK scraps state guarantees on $1.2 billion of COVID-19 loans
The U.Ok. authorities has scrapped ensures on practically 1 billion kilos ($1.2 billion) of financial institution loans handed out to ailing companies throughout the COVID-19
FTX founder Sam Bankman-Fried convicted of multi-billion dollar fraud
FTX founder Sam Bankman-Fried’s spectacular rise and fall within the cryptocurrency business hit all-time low Thursday when a New York jury convicted him of fraud
Norway keeps interest rates on hold, plans December hike
Norway’s central financial institution saved its benchmark rate of interest unchanged at 4.25% Thursday, as broadly anticipated, and mentioned it will possible increase the price