Tag: finance

© Reuters. FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo By Rodrigo Campos NEW YORK (Reuters) – The poorest countries in the world now spend over a tenth of…

Sam Bankman-Fried continues to divide.  The fallen founder of cryptocurrency exchange FTX recently launched a media offensive aimed at blaming the overnight collapse of FTX and Alameda Research, a trading platform he controlled, to bad luck.  He had suggested that it was a perfect storm, despite the fact that he controlled both companies and that…

© Reuters. FILE PHOTO: A board shows stock information at a brokerage office in Beijing, China January 2, 2020. REUTERS/Jason Lee/File Photo   HK50 +3.10% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date:   Amount: Price Point Value: Leverage: 1:1 1:10…

© Reuters. FILE PHOTO: The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts (Fixes typo in paragraph 6) By Michael S. Derby (Reuters) -Persistently massive inflows of cash…

If Twitter is going to make it as a successful company, it will almost surely have to increase its advertising. Advertising now accounts for 90% of the company’s revenue, and that’s unlikely to change much anytime soon. Chief Executive Elon Musk’s initial efforts to build a subscription service have failed. But advertising at this point…

When people think of the players that dominate the Las Vegas Strip, their thoughts generally turn to Caesars Entertainment (CZR) – Get Free Report and MGM Resorts International (MGM) – Get Free Report, which dominate the south and central parts of the Strip. Caesars owns its namesake Caesars Palace, Harrah’s, Planet Hollywood, the Cromwell, the…

© Reuters. FILE PHOTO: People shop at a crowded market ahead of Diwali, the Hindu festival of lights, in the old quarters of Delhi, India, October 11, 2022. REUTERS/Anushree Fadnavis By Shivangi Acharya NEW DELHI (Reuters) – The Indian economy is likely to grow 6.5% to 7% next fiscal year if the global environment does…

© Reuters. FILE PHOTO: A Chinese flag (C) flutters at the headquarters of China Development Bank (CDB) in Beijing, China September 23, 2018. Picture taken September 23, 2018. REUTERS/Florence Lo By Jorgelina do Rosario and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Sri Lanka owed Chinese lenders $7.4 billion – nearly a fifth of its public external…

4/4 © Reuters. Governor of Bank Indonesia Perry Warjiyo speaks during the annual meeting of Indonesia’s central bank with its financial stakeholders in Jakarta, Indonesia, November 30, 2022. REUTERS/Willy Kurniawan 2/4 JAKARTA (Reuters) – Indonesia’s central bank governor Perry Warjiyo said on Wednesday that monetary policy will remain pro-stability and that energy subsidies next year…

The end of 2022 could be a nightmare for Credit Suisse.  The second largest Swiss bank is once again in the line of fire, with the resurgence of fears and questions about its solvency.  The bank’s shares fell on November 29 to a new life-to-date low below 3 Swiss francs, to 2.9080 Swiss francs. Since…