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19 Aug, 2022
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Category: Business

Spies and lies: regulators round on Credit Suisse

November 2, 2021October 27, 2021 locoartsorg

Credit Suisse misled authorities over spying on its staff and lied to investors about a corrupt loan to Mozambique, regulators said, painting a bleak picture of the cultural decay at the global bank. The hefty fines announced late on Tuesday Read more

Business

Baker Hughes profit misses estimates amid supply chain woes

November 1, 2021October 27, 2021 locoartsorg

Oilfield firm Baker Hughes Co (BKR.N) reported quarterly profit that fell short of analyst expectations on Wednesday, in part due to global supply chain issues, sending its shares down sharply in early trading. Oil service firms are expected to be Read more

Business

Italy’s UniCredit, Intesa Sanpaolo join U.N. net-zero banking alliance

October 31, 2021October 27, 2021 locoartsorg

Italy’s UniCredit (CRDI.MI), Intesa Sanpaolo (ISP.MI) and smaller Banca Ifis (IF.MI) said on Wednesday they had joined the U.N. Net-Zero Banking Alliance (NZBA), a group of banks committed to reducing their carbon financing and investment portfolio by 2050. The alliance, Read more

Business

Inflation trade? Nestle reaps benefits from higher prices

October 30, 2021October 27, 2021 locoartsorg

Nestle (NESN.S) raised its full-year sales target on Wednesday after the world’s largest food group reaped the benefits of price hikes on its products ranging from pet food to bottled water with a forecast-beating third quarter. The Switzerland-based firm, whose Read more

Business

India’s Future Retail must take part in Amazon dispute arbitration, Singapore panel says

October 29, 2021October 27, 2021 locoartsorg

Future Retail must take part in arbitration over a commercial dispute with Amazon.com Inc (AMZN.O), a Singapore arbitration panel ruled on Wednesday, rejecting the Indian retailer’s bid to avoid the process. Amazon is trying to block Future’s $3.4 billion sale Read more

Business

From Italian glitz to British rainwear: Versace boss joins Burberry

October 28, 2021October 27, 2021 locoartsorg

British fashion house Burberry (BRBY.L) has named Jonathan Akeroyd as its new chief executive officer from next April, poaching the boss of Milan-based Versace and former Alexander McQueen head to succeed Marco Gobbetti. The appointment ends months of uncertainty at Read more

Business

VIEW Bundesbank President Weidmann quits

October 27, 2021October 27, 2021 locoartsorg

Bundesbank President Jens Weidmann, a relentless critic of the European Central Bank’s ultra easy monetary policy, will step down more than five years early, opening the door for Germany’s new government to pick a less confrontational successor. Following are reactions Read more

Business

Recent Posts

  • Essential Tips For Securing Your Home Properly
  • Chase Young: It’s gut check time in Washington
  • Health-related quality of life improved by exercise rehabilitation in cancer survivors
  • Spies and lies: regulators round on Credit Suisse
  • Scalpers cause Xbox Series X mini fridge to sell out in minutes, prices now reaching $300

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