FRANKFURT, June 11 (Reuters) – Many euro zone banks are still far from meeting accounting rules on the provisions needed to protect against loan losses, despite some progress in factoring in climate risks, the European Central Bank’s top supervisor said…
Read moreJust like Elon Musk and Bill Gates, Jeff Bezos‘ private jet of choice is a Gulfstream G650ER. In fact, he owns two of them. But the Amazon founder also has a smaller business jet known for its versatility, according to data from…
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Norway’s $1.6 trillion sovereign wealth fund said it is voting against Elon Musk’s $46 billion pay package at Tesla. Norges Bank Investment Management, the central bank’s wealth-fund arm, released its decision Saturday, expressing concerns about the size of the compensation deal,…
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June 10 (Reuters) – Southwest Airlines’ (LUV.N), opens new tab shares rose about 7% in premarket trade on Monday after the Wall Street Journal reported that activist investor Elliott Investment Management had built a nearly $2 billion stake in the U.S. carrier.…
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NEW YORK, June 7 (Reuters) – A former Allianz (ALVG.DE), opens new tab fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the pandemic that caused an estimated $7 billion of investor losses.…
Read moreCHINA’S exports grew more quickly and for a second month in May, suggesting factory owners are managing to find buyers overseas and providing some relief to the economy as it battles to mount a durable recovery. The jury is still…
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President Joe Biden announced a new $225 million aid package for Ukraine during a meeting with his counterpart, Volodymyr Zelenskiy, and pledged continued US support as Kyiv looks to turn the tide in the war with Russia. Biden said Friday part of the…
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Chinese state-backed developer Poly Property saw sales fall by almost a fifth in May, adding to a mixed picture of the impact so far of Beijing’s historic measures to rescue its crisis-hit real estate segment. Poly Property booked sales worth 4.6 billion yuan…
Read moreChina’s securities watchdog said its moves to raise the bar for initial public offerings (IPOs), expel unqualified firms from stock exchanges and exercise greater scrutiny over high-frequency trading are ensuring the “survival of the fittest” although it does not expect…
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Taiwan Semiconductor Manufacturing Co.-backed Vanguard International Semiconductor Corporation and Dutch chip designer and manufacturer NXP Semiconductors will build a $7.8 billion wafer manufacturing plant in Singapore. Vanguard will have 60% stake in the joint venture — VisionPower Semiconductor Manufacturing Company — while NXP will…
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