Finance & Economics - page 72

News

Citigroup CEO Reportedly Weighs Plan to Break Up Corporation’s Biggest Unit

The media reports that currently, the chief executive officer of Citigroup Jane Fraser is considering the possibility of creating a plan to break up the largest unit of this corporation as part of a restructuring strategy.

News

China’s Evergrande Group Files for Bankruptcy in New York

Evergrande Group, at one time the second-largest real estate developer in China, filed for bankruptcy in New York.

News

Emirates Development Bank Collaborates With Trade Capital Partners to Offer Supply Chain Finance

The Emirates Development Bank (EDB) has entered into a partnership agreement with Trade Capital Partners (TCP), which aims to create a solution for supply chain financing and working capital for small and medium-sized businesses in the United Arab Emirates (UAE).

News

Comerica Bank Unveils New Business Banking Solutions

Comerica Bank, headquartered in Dallas, Texas, announced the launch of a new set of solutions for small business and business banking clients.

Articles

Personal Finance 101: Fundamentals for a Secure Future

Unfortunately, schools do not teach us how to manage our finances. And even if someone had told our younger selves that we needed to save more, we would have ignored their advice and spent our money anyway.

News

JPMorgan Сhanges Default Forecast for Emerging Markets

JPMorgan has made changes to the forecast for high-yield corporate default in global emerging markets, increasing the level of probability of this scenario.

News

US Retail Spending Shows Growth

American retail chains reported that by the end of July, an increase in consumer spending in this trading sector was recorded.

News

El Salvador’s Dollar Bond Yields 70% Annual Return

El Salvador’s bond market has witnessed a strong rebound, despite the scepticism about the government’s decision to adopt Bitcoin as legal tender

News

Fitch Warns of Possible Downgrade of Dozens of Banks

An analyst at Fitch Ratings warned that the US banking sector is currently on the way to a new downgrade, which could potentially affect dozens of lenders, including industry giants such as JPMorgan Chase.

Articles

Commodity Trading vs. Oil Trading: Key Differences and Similarities

In the world of financial markets, commodity trading and oil trading play crucial roles in global economies. Commodity trading encompasses a broad range of tradable assets, including agricultural products, metals, and energy resources, while oil trading specifically focuses on the buying and selling of oil and its derivatives.

News

Brazilian Digital Bank Inter Reports Record Profit

The Brazilian digital bank Inter has published a report on the financial results of this virtual lender in the second quarter of this year.

News

UBS to Pay Over $1 Billion to Settle Fraud Claims

It became known that the Swiss bank UBS agreed to pay $ 1.4 billion as part of the settlement of claims of involvement in fraudulent activities in the United States, which became a kind of premise of the financial crisis that broke out in 2008.

Articles

The Strategic Impact of a Credit Repair Merchant Account

In today’s financial landscape, credit repair has emerged as a critical service for individuals and businesses striving to improve their creditworthiness.

News

SoftBank Reportedly Negotiates to Buy Vision Fund’s Stake in Arm

The media reports that the Japanese corporation SoftBank Group is currently negotiating to purchase 25% of Arm shares, which are not its property, from Vision Fund 1 (VF1), an investment fund worth $100 billion.

News

British High Commission in Fiji Form Partnership to Deliver Climate Finance Projects

The UK Government announced that the British High Commission (BHC) in Suva, Fiji, has established a partnership system under which climate finance projects will be implemented in the Pacific island States.

News

UK Economy Demonstrates Growth

According to the results of the second quarter of this year, the UK economy showed slight growth.

Finance & Economics