Written by Tenisha M. Slaton08/03/2020 9:09 AM
Trump, Bolsonaro to Discuss Venezuela and Trade
Business & Finance News Article
WEST PALM BEACH, Fla.—President Trump hosted Brazil’s president for dinner at his Florida estate, declaring the two countries have a “very good relationship.” The president welcomed Jair Bolsonaro on Saturday night at Mar-a-Lago, his private club in Palm Beach. An administration official said the setting was chosen because the Brazilian leader would be in Florida
Written by Tenisha M. Slaton07/03/2020 9:27 AM
Flybe rivals pick up half its main routes within hours of airline’s collapse
Business & Finance News Article
Flybe’s rivals scrambled to fill the void left by Europe’s biggest regional airline on Thursday, launching replacement services for half of its main routes within hours of the company’s collapse. Scottish airline Loganair took over 16 of the 45 core winter services previously run by Flybe, while Hull-based Eastern Airways took a further three. Channel Islands
Written by Tenisha M. Slaton07/03/2020 9:23 AM
YES Bank ‘won’t fall off the cliff’, SBI to rescue it with 49% stake
Business & Finance News Article
State Bank of India (SBI) will pick up a 49 per cent stake in troubled private lender YES Bank as part of a revival scheme framed by the Reserve Bank of India (RBI) on Friday. The draft scheme, titled “Yes Bank Ltd. Reconstruction Scheme, 2020”, issued by the RBI, mentioned SBI
Written by Tenisha M. Slaton07/03/2020 9:18 AM
10-Year Treasury Hits Record Low on Virus Fears
Business & Finance News Article
Investors spooked by the coronavirus outbreak continued to flock to the safe haven of government debt on Friday, driving the yield on the 10-year Treasury note to record lows. After sinking to an all-time low of 0.6572% early in the day, the yield on 10-year debt bounced back to around 0.74%. The 30-year rate, meanwhile,
Written by Tenisha M. Slaton07/03/2020 9:16 AM
Fresh questions over JP Morgan succession as boss Jamie Dimon recovers from heart surgery
Business & Finance News Article
JP Morgan’s chief executive Jamie Dimon is recovering from emergency heart surgery – shining a spotlight on the bank’s succession plans, with a British executive among frontrunners to replace him. Mr Dimon experienced a tear in his heart’s main artery, which was detected early and treated successfully, JP Morgan said. The 63-year-old has run the bank since 2005, and is
Written by Tenisha M. Slaton07/03/2020 9:12 AM
YES Bank crisis: ED searches founder, ex-CEO Rana Kapoor’s Mumbai house
Business & Finance News Article
The Enforcement Directorate (ED) on Friday conducted a search of YES Bank co-founder and former chief executive officer Rana Kapoor’s South Mumbai residence, Samudra Mahal, in connection with the bank’s financial dealings with debt-laden Dewan Housing Finance (DHFL). This came hours after Finance Minister Nirmala Sitharaman listed “malpractices” by the bank’s top leadership
Written by Tenisha M. Slaton07/03/2020 9:07 AM
YES Bank crisis, Coronavirus fears spell double trouble for markets
Business & Finance News Article
The domestic market slumped on Friday after the crisis at YES Bank triggered a sharp sell-off in financial stocks. Investor sentiment was further dampened by the continued rout in world markets as coronavirus cases neared 100,000, stoking fresh fears of a global recession. The Sensex dropped 894 points, or 2.32 per cent, to
Written by Tenisha M. Slaton06/03/2020 9:22 AM
Best of BS Opinion: Coronavirus outbreak, corporate frauds, and more
Business & Finance News Article
The Ministry of Exterior Affairs in a media briefing on Thursday explained that the problem in the national capital was rapid returning to regular. This arrived soon after India witnessed criticism at the worldwide degree. Latest Delhi riots and the ongoing protests from the Citizenship Modification Act have attracted major global focus. Company Common Feeling
Written by Tenisha M. Slaton06/03/2020 9:21 AM
Cyber Incident Could Trigger EU Liquidity Crisis
Business & Finance News Article
Insert to favorites Central financial institutions need to “reflect on the worries to their classic resources and unexpected emergency plans” Europe’s systemic risk watchdog has warned that a solitary cyber incident could escalate from operational disruption into a main liquidity disaster throughout Europe. The European Systemic Possibility Board (ESRB) oversees financial institutions, insurers, asset administrators,
Written by Tenisha M. Slaton06/03/2020 9:18 AM
Putin, Erdogan Agree to Cease-Fire in Syria
Business & Finance News Article
MOSCOW—Russia and Turkey have agreed to a cease-fireplace in northwestern Syria, wherever extreme combating has brought on a humanitarian disaster and introduced the nuclear electricity and the North Atlantic Treaty Firm member nearer to direct war. “At midnight, a cease-fireplace will be enforced,” Turkish President Recep Tayyip Erdogan instructed reporters in a Kremlin hall on
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