Category Archives:
Credit Suisse job cuts must be frozen, Swiss Bank Employees’ Association says
ZURICH (Reuters) - Credit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees' Association (SBPV) said on Monday, in an open letter to the count...
Apr 11, 2023
Cineworld files restructuring plan in US
(Reuters) - Cineworld, the world's second-largest cinema chain operator, said on Tuesday it had filed a plan of reorganisation with the U.S. Bankruptcy Court for the Southern District of Texas, Housto...
Apr 11, 2023
Theranos founder Elizabeth Holmes cannot remain free during appeal, judge rules
By Jody Godoy and Bharat Gautam (Reuters) - A U.S. judge on Monday denied Theranos founder Elizabeth Holmes' request to remain free on bail while she appeals her conviction on charges of defrauding in...
Apr 11, 2023
South Korea to set up $759 million corporate restructuring fund
SEOUL (Reuters) - South Korea's financial regulator said on Tuesday the government would set up a 1 trillion won ($758.97 million) public fund to support companies that are undergoing a restructuring ...
Apr 11, 2023
Explainer-Why European money market funds inflows are lagging behind the U.S. torrent?
By Harry Robertson LONDON (Reuters) - Investors poured $367 billion into U.S. money market funds in March, according to data provider EPFR, as the collapse of Silicon Valley Bank caused stocks to tumb...
Apr 11, 2023
Amid risk of stalling in EV race, Spain’s rebooted aid scheme gets warm reception
By Joan Faus MADRID (Reuters) - Volkswagen and Renault plan to request funds from a revamped Spanish government scheme aimed at encouraging electric vehicle (EV) production in the country, while Stell...
Apr 11, 2023
Kazakhstan takes oil majors to arbitration over costs
ASTANA (Reuters) - Kazakhstan has started arbitration proceedings against companies developing its giant Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion, respectively, in deducte...
Apr 11, 2023
China releases draft measures for managing generative artificial intelligence services
BEIJING (Reuters) - China's cyberspace regulator on Tuesday unveiled draft measures for managing generative artificial intelligence services as more Chinese companies like Alibaba release AI-powered p...
Apr 11, 2023
Cryptoverse: Ethereum upgrade to unlock $33 billion
By Medha Singh and Lisa Pauline Mattackal (Reuters) - Investors are finally set to gain access to more than $33 billion of ether this week under a planned revamp of the blockchain. A new software upgr...
Apr 11, 2023
Marketmind: Asia stocks bounce as dovish central banks lift the mood
A look at the day ahead in European and global markets from Kevin Buckland. Asian stocks put in a strong showing on their return to full trading globally after the Easter break, with Australian invest...
Apr 10, 2023
Peoria, IL, USA
69 °F Thunderstorm In Vicinity
