Category Archives:
Fintech firm Wise fined $360,000 by Abu Dhabi regulator
DUBAI (Reuters) - The regulator of Abu Dhabi's free zone financial centre said on Tuesday it had fined the local subsidiary of fintech firm Wise $360,000 for breaching anti-money laundering (AML) requ...
Aug 30, 2022
ECB must swiftly normalise rates; should weigh frontloading hikes, Knot says
(Reuters) - The European Central Bank must swiftly normalise interest rates as inflation could still go higher and policymakers should even consider frontloading rate hikes, Dutch central bank chief K...
Aug 30, 2022
Exclusive-Iraqi Kurdistan’s oil output could halve without investment – documents
By Amina Ismail and Maha El Dahan ERBIL (Reuters) - Oil production in the Iraqi region of Kurdistan could almost halve by 2027 if there is no new exploration or major investment in the sector, governm...
Aug 30, 2022
Factbox-Government measures to ease inflation pain
(Reuters) - Pandemic-related disruption to global supply chains and the knock-on effects of Russia's war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below...
Aug 30, 2022
Russia needs higher share of rouble in international trade – PM
MOSCOW (Reuters) - Russia should increase the rouble's share in international settlements and gradually move towards stopping using currencies of designated 'unfriendly' countries that imposed sanctio...
Aug 30, 2022
China’s top airlines post steep Q2 losses on COVID curbs
BEIJING/SYDNEY (Reuters) - China's three biggest airlines posted on Tuesday a combined 28.4 billion yuan ($4.12 billion) second-quarter loss, wider than in the first quarter, due to major travel disru...
Aug 30, 2022
Roper Technologies to buy Frontline Education in $3.7 billion deal
(Reuters) - Roper Technologies said on Tuesday it would buy Frontline Education from private equity firm Thoma Bravo in a deal that valued the education software maker at about $3.7 billion, bolsterin...
Aug 30, 2022
HSBC hires Justin Wu as Asia-Pacific co-head of climate change – memo
By Simon Jessop LONDON (Reuters) - HSBC has hired Justin Wu as its first co-head of climate change Asia Pacific to lead the development and implementation of the bank's sustainability strategy in the ...
Aug 30, 2022
Best Buy beats sales estimates as discounts spur demand
(Reuters) - Best Buy Co Inc reported a smaller-than-expected drop in quarterly comparable sales on Tuesday as steep discounts helped soften the blow to electronics demand from rampant inflation. The r...
Aug 30, 2022
Corning to build new Arizona optical cable factory ahead of U.S. broadband push
By David Shepardson WASHINGTON (Reuters) - Corning Inc announced plans on Tuesday to build a new optical cable manufacturing plant in Arizona as the U.S. government moves to award $42 billion to expan...
Aug 30, 2022
Peoria, IL, USA
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