Congress to question heads of Major US Banks on Consumer, Social Issues
This week, lawmakers will question the chief executives of JPMorgan (NYSE: JPM), Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), and...
Author : Amruta Kharde
Offshore Creditors from Kaisa Make $2 Billion Deal to Take Over Stalled Projects
An offshore bondholders’ group of cash-strapped Kaisa is prepared to provide up to $2 billion to purchase stalled housing projects of the Shenzhen-based developer in...
Hungary Raises Energy, Food Prices Ceilings Amid Rising Inflation
To protect people from rising expenses, Hungary has extended price controls on fuel and staple items by three months until the end of the year,...
Kyrgyzstan-Tajikistan Despite Border Clashes, Peace Endures
Despite claims of intermittent firing by both sides, Kyrgyzstan and Tajikistan reported no significant combat incidents on Saturday, indicating that the ceasefire they agreed to...
On Recession Fears, Dollar Gains Strength Yuan Crosses Crucial Threshold
Early European trade on Friday saw a strengthening of the US dollar while a significant threshold was crossed by the Chinese yuan as risk appetite...
Delta Air Lines Prepares its Refinery to Handle Biofuels
Delta Air Lines Inc (NYSE:DAL) intends to begin accepting shipments of renewable fuel feedstocks at its Trainer, Pennsylvania, refinery as part of a strategy that...
British Pound Records Lowest in 37 Years
On Friday, the British pound plunged to a 37-year low as new data revealed that consumers are cutting down on spending as inflation strains household...
Key Rate in Russia Lowered to 7.5%
According to analysts’ predictions, Russia’s central bank reduced its benchmark interest rate by 50 basis points to 7.5 per cent on Friday while warning of...
To Resolve Refinery Crisis, Germany Seizes Rosneft’s Oil Assets from Russia
The Russian oil company Rosneft’s local activities will be taken over by the German government, further dividing the two nations due to Russia’s invasion of...
On Recession Fears, Dollar Gains Strength While Yuan Crosses Crucial Threshold
Early European trade on Friday saw a strengthening of the US dollar, while the Chinese yuan crossed a significant threshold as risk appetite was dampened...