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Ransomware attack on ICBC disrupts US Treasury market
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A ransomware attack on the financial services arm of China’s largest bank has disrupted the US Treasury market by forcing clients of the Industrial and Commercial Bank of China to reroute trades, market participants said on Thursday.The…
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France assessing impact of US sanctions on Arctic LNG 2 project
CompaniesTotalEnergies SEFollowNovatek PAOFollowPARIS, Nov 9 (Reuters) – U.S. sanctions against a major Russian liquefied natural gas project in which French oil major TotalEnergies (TTEF.PA) is a shareholder do not appear to pose a big risk to European gas supplies, Finance Minister Bruno Le Maire told Reuters on Thursday.Le Maire, who said France was in contact…
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Spanish Presidency mulls excluding finance from due diligence rules
The Spanish Presidency of the EU Council is leaning towards the exclusion of the financial sector from the EU corporate accountability rules, which are currently under inter-institutional negotiations, according to an internal document seen by Euractiv. In the document, prepared ahead of a meeting of member state attachés on Friday (10 November), Spain – which…
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Free the Economy podcast: Personal finance and YouTube with Spencer Johnson
In this week’s episode we cover how states can reform higher education, ways that managers can make their employees happier at work, the plans consumers have for holiday spending, and how environmental regulations get in the way of affordable housing. Our interview this week is with personal finance YouTuber Spencer Johnson. We talk about starting…
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Santander’s Botin plans push in US corporate banking for renewables, auto lending
NEW YORK, Nov 9 (Reuters) – Banco Santander Executive Chair Ana Botin plans to deepen the lender’s corporate banking presence in the U.S. in renewable finance, auto lending and wealth as part of a broader strategy to expand in the world’s biggest economy.”Our strategy is very focused on playing to our strengths,” she said in…
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Finance Lobby and Placer.ai : Data-Driven
In a move aimed at reshaping the landscape of commercial real estate financing, Finance Lobby recently announced a strategic partnership with Placer.ai, the leading location data platform. This alliance signifies a monumental step for both organizations and underscores their shared commitment to revolutionizing the industry. Unlocking New Horizons For Finance Lobby users, this integration ushers…
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People No Longer Know How Much to Tip
Nov. 9, 2023 10:00 am ETListen(2 min)Tipping can be seen as an obligation or a choice—and, a new study shows, the answer often varies by generation.Younger people are more likely to tip by default, while older consumers tend to say it is a personal decision, a new survey from the Pew Research Center found. Our…
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Muthoot Finance misses Q2 profit view as costs weigh
India’s Muthoot Finance misses Q2 profit view as costs weigh
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India’s Muthoot Finance misses Q2 profit view as costs weigh
BENGALURU, Nov 9 (Reuters) – India’s Muthoot Finance (MUTT.NS) reported a smaller-than-expected rise in second-quarter profit on Thursday, hurt by high finance costs.The gold financing company said its profit rose 14.3% to 9.91 billion rupees ($119.00 million) for the quarter ended Sept 30, missing analysts’ expectation of 10.41 billion rupees, according to LSEG data.Muthoot’s profit…
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Reuters NEXT – Angola to scrap fuel subsidy by end-2025, says finance minister
SummaryCompaniesAngola fuel subsidy removal to help Sonangol finances – finminConsidering dual listing for state oil companySays central bank “avoiding intervention” in currency tradingLUANDA, Nov 9 (Reuters) – Angola will push ahead with removing all fuel subsidies by the end of 2025, which should enable state oil company Sonangol to pay taxes and dividends again, the…
