World Economic Magazine

Analysis: Swiss policy pivot signals exit for big stock and bond investor

From Silicon Valley shares to U.S. and European government bonds, securities that are already under heavy pressure stand to lose…

4 years ago

Barclays strikes $2.8 bln deal to buy mortgage lender Kensington

Barclays (BARC.L) has struck a deal worth around 2.3 billion pounds ($2.8 billion) to buy specialist lender Kensington Mortgage Company, extending its…

4 years ago

Analysis: Up-ended global LNG markets deepen Australia’s power woes

Top liquefied natural gas exporter Australia is in the depths of a power crunch just as traditional buyers are scrambling…

4 years ago

Exclusive: Phillips 66 made renewable fuels without proper permits – regulators

California regulators allege that U.S. refiner Phillips 66 (PSX.N) improperly began processing renewable diesel in a unit at its Rodeo, California refinery,…

4 years ago

Accenture tempers 2022 profit view due to stronger dollar

IT services company Accenture Plc forecast fourth-quarter revenue below expectations and tempered its fiscal 2022 profit forecast on Thursday, threatened…

4 years ago

Exclusive: Bidders weigh offers valuing Toshiba at up to $22 billion – sources

Bidders for Toshiba Corp (6502.T) are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private,…

4 years ago

EXCLUSIVE Nike to fully exit Russia, will scale down over coming months

U.S. sportswear maker Nike (NKE.N) is making a full exit from Russia, three months after suspending its operations there, the company said…

4 years ago

Analysis: Wall Street’s hiring frenzy eases as worries grow over economy, market slump

With mounting uncertainty around the U.S. economic outlook and the resulting slump in financial markets, Wall Street is easing up…

4 years ago

Analysis: High energy prices could sink U.S. stocks during earnings season

Sky-high oil prices pose yet another obstacle to U.S. corporate earnings, and some on Wall Street are worried this could…

4 years ago

EXCLUSIVE Franchise Group in talks to keep Kohl’s management team after a sale-sources

Franchise Group (FRG.O), the preferred bidder to acquire Kohl's (KSS.N), is in discussions to keep the retailer's top management team, including CEO…

4 years ago