The Brazilian state-run oil company Petrobras on Tuesday, 16 May, 2023, ended its policy of pegging…
Tag: Business & Economy News
European Union approves world’s first regulation for crypto assets
The European Union on Tuesday approved the world’s first comprehensive set of rules to regulate crypto…
EU greenlights Microsoft takeover of Activision Blizzard
The European Union (EU) on Monday (May 15) gave a go-ahead to Microsoft’s USD 69 billion…
US bank rout rages on: Regional banks extend losses after Fed rate hikes
The Federal Reserve rate hike on Wednesday led to a deep selloff in US regional banks…
JPMorgan to acquire San Francisco-based bank First Republic as US regulators announce deal
The US banking regulators made an announcement Monday morning of closing the crisis-hit San Francisco-based bank…
First Republic Bank nearing collapse? Shares tank amid dim hopes of survival
First Republic Bank’s shares plunged nearly 40 per cent on Friday as the California-based bank closed…
Intel posts biggest quarterly loss as PC sales drop, chip wars intensify
Intel reported its largest-ever quarterly loss on Thursday, April 27 due to sharp decline in personal-computer…
McDonald’s Q1 earnings beat expectations despite fall in US consumer confidence
Global fast food giant McDonald’s on Tuesday reported better-than-expected earnings and revenue in the first quarter…
At least 9 US lawmakers sold banking stocks prior to market turmoil: Report
According to Quiver Quantitative’s analysis of public declarations of stock sales, Josh Gottheimer, a Democrat from…
