EXCLUSIVE New York City to auction sanctioned Venezuelan mogul’s apartment
New York City plans next month to auction a midtown Manhattan apartment owned by a Venezuelan media mogul with ties to socialist President Nicolas Maduro’s government, after U.S. sanctions forced him to miss condominium payments, court records show.
Ericsson shares fall on worries of bigger fine as U.S. SEC starts probe
Shares of Ericsson (ERICb.ST) fell 2.5% on Friday as the chance of it suffering a higher fine increased with the U.S. Securities and Exchange Commission (SEC) starting a separate investigation into the company’s handling of misconduct in Iraq.
Explainer: What would Japan’s currency intervention to combat a weak yen look like?
Japan’s government and the central bank are “concerned” about recent sharp yen declines and stand ready to respond as needed on currency policy, they said in a rare joint statement on Friday.
Analysis: Global investment banking faces tougher times after blockbuster year
A dearth of IPOs, a plunge in stock prices and slowing global economic growth are clouding the outlook for revenue at global investment banks after pandemic spending by governments and central banks fueled a blockbuster 2021.
U.S. banks finally see upturn in credit-card borrowing
Big U.S. banks including JPMorgan Chase & Co (JPM.N) and Citigroup (C.N) appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.
UK financial regulators to directly oversee cloud services
Britain’s financial watchdog will have powers to make onsite visits to oversee cloud computing firms like Amazon (AMZN.O), Google (GOOGL.O) and Microsoft (MSFT.O) that provide “critical” services to financial firms, the finance ministry said on Wednesday.
Russian rouble firms towards 62 vs euro, stocks down
The Russian rouble firmed in early trade on Thursday, heading towards 62 against the euro on the Moscow Exchange, while stock indexes inched lower, lacking new momentum and trading ideas.
Disney+ takes on rivals in Middle East streaming market
Disney+ (DIS.N) launched its steaming service in the Middle East and North Africa on Wednesday, vying for market share in a region where the population is young but few people so far use such services.
U.S. to propose standards for government funded EV charging projects
The U.S. Transportation Department (USDOT) is on Thursday proposing minimum standards and requirements for electric vehicle (EV) charging projects funded under a $5 billion government program.
Qatar picks Exxon, Total, Shell, Conoco for mega-LNG expansion – sources
Qatar has picked Exxon Mobil Corp , TotalEnergies SE (TTEF.PA), Shell (SHEL.L) and ConocoPhillips (COP.N) as partners in the expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Tuesday.
