Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
‘People are going to suffer’: Argentines grapple with austerity shock
By Claudia Martini and Lucila Sigal BUENOS AIRES (Reuters) - On the streets of Buenos Aires, Argentines were starting to grapple on Wednesday with how they will be impacted by major austerity measures...
Dec 13, 2023
BP claws back $40 million from former CEO Looney
By Ron Bousso and Pushkala Aripaka LONDON (Reuters) -BP cut over $40 million in remuneration from former CEO Bernard Looney after the British oil giant concluded he had knowingly misled the board over...
Dec 13, 2023
Citigroup offers partial early bonuses to encourage exits – Bloomberg News
(Reuters) -Citigroup is offering to pay some of its employees a portion of their annual bonuses early if they agree to voluntarily depart, Bloomberg News reported on Wednesday, citing people familiar ...
Dec 13, 2023
Booking Holdings taps former S&P Global executive as CFO
(Reuters) - Booking Holdings said on Wednesday former S&P Global finance chief, Ewout Steenbergen, will join the travel company as its chief financial officer. He will start on March 15 and will succe...
Dec 13, 2023
Asset manager Bayview explores sale of insurance arm Oceanview
By David French and Pablo Mayo Cerqueiro (Reuters) - Credit investment firm Bayview Asset Management told Reuters it has put its insurance arm Oceanview Holdings up for sale, in what could be the late...
Dec 13, 2023
Activist Engaged Capital takes stake in debt collector PRA -sources
By David French NEW YORK (Reuters) - Engaged Capital has built a more than 5% stake in PRA Group and is pushing the debt collection company to improve its operations, cut costs and add new experience ...
Dec 13, 2023
World Bank economist warns high interest rates will likely last longer
WASHINGTON (Reuters) - World Bank chief economist Indermit Gill on Wednesday said past experience showed that interest rates may stop going up, but they are unlikely to come down "anytime soon," which...
Dec 13, 2023
Italy looking to help debtors without roiling bad debt market
By Valentina Za and Giuseppe Fonte MILAN (Reuters) - Italy has reined in plans to help borrowers struggling with debt repayments and will focus only on very small business loans, a government document...
Dec 13, 2023
China’s GAC Group to set up investment fund of $4.18 billion
HONG KONG (Reuters) - China's GAC Group signed agreement on Wednesday with partners to set up an investment fund which aims to strengthen its business development in the new energy vehicle industry. T...
Dec 13, 2023
Crypto, insurance-linked and trend hedge funds most popular – Preqin
By Nell Mackenzie LONDON (Reuters) - Trend-following and niche hedge funds that trade crypto currencies and insurance-linked assets attracted most new investor money in the first three quarters of 202...
Dec 13, 2023
