Analysis: Investors brace for recession, more market turmoil after Fed’s supersized hike
Investors’ faith in a soft landing for the U.S. economy is being heavily tested, as a jumbo-sized interest rate hike from the Federal Reserve stirs worries over recession and more volatile trading ahead.
Analysis: Market meltdown lays bare Europe’s divisions
A markets sell-off has brought back memories of the euro zone debt crisis more than a decade ago, highlighting divisions that have plagued the currency bloc’s efforts to forge a closer bond.
Pension investors launch campaign against dual-class share structures
Leading UK and U.S. pension investors managing more than $1 trillion have launched a campaign to stop companies using dual-class share structures that concentrate voting power in the hands of certain shareholders at the expense of others.
Monte dei Paschi names veteran UniCredit executive as CFO
Monte dei Paschi di Siena (BMPS.MI) has named veteran UniCredit (CRDI.MI) executive Andrea Maffezzoni as its new chief financial officer as it prepares to present a new strategic plan next week, the state-controlled bank said on Tuesday.
Proxy advisers ISS, Glass Lewis back all Toshiba director nominees
Two influential proxy advisers have both recommended voting for the appointment of all Toshiba Corp (6502.T) director nominees including two from activist shareholders, despite objection to the move from within the board.
EU financial services chief calls for compromise on bank capital
European Union financial services chief Mairead McGuinness on Tuesday urged the bloc’s lawmakers to agree on bank capital rules to keep the sector resilient as it emerges from the pandemic and markets fragment due to war in Ukraine.
Exclusive: OPEC sees global oil demand growth slowing in 2023, sources say
World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help drive up inflation and act as a drag on the global economy.
The pandemic broke the Fed’s model; this week may show how much
Federal Reserve Chair Jerome Powell used his first four years as the world’s top central banker to reshape U.S. monetary policy around the idea that low inflation and low unemployment could coexist.
E-Com Learning Solutions provides specialist eLearning materials for a worldwide audience
Emergency Response Driver Training (ERDT), which delivers regulated qualifications and accreditations to emergency services from across the UK and worldwide, is using eCom Learning Solutions’ expertise to provide eLearning materials, via the eNetLearn learning management system (LMS).
Victims of HBOS fraud offered 3 million pounds in compensation
Victims of one of Britain’s biggest historic banking frauds will be offered 3 million pound ($3.66 million) compensation packages, a source familiar with the matter told Reuters on Monday.
