UniCredit SpA's Chief Executive Officer Andrea Orcel shocked investors with a decision to skip a coupon payment on $3.6 billion of hybrid bonds due later this month, an abrupt u-turn that risks eroding confidence in the bank just weeks after he got the role.
As value strategies are beating growth in the stock market this year, a number of environmental, social and governance funds are lagging behind the broader market, and some are down sharply. The losses are especially pronounced in a couple of last year's ...
Firstly, the U.S. Centers for Disease Control has indicated that cruise ships could resume sailing from U.S. ports starting from mid-July, with the condition that 98% of crew and 95% of passengers on board are vaccinated.
The Dow Jones, the S&P 500 and the Nasdaq have been extremely volatile in the last three weeks, reacting to news about President Biden's proposed capital gains tax, Treasury Secretary, Yellen's comments on inflation, Elon Musk's tweets about bitcoin, and ...
Cryptocurrency investors argue that institutional buying is one more reason to be bullish. After Wednesday's tumble, that's becoming more and more implausible. The problem is that mutual funds, insurers and pension funds are often seeking a particular level ...
The airline, whose launch was delayed by the coronavirus pandemic that devastated travel, initially plans to offer flights to and from four airports: Tampa, Florida; Charleston, South Carolina; New Orleans; and Norfolk, Virginia.
Stocks rose for a second day as investor optimism got a boost from strong economic readings and earnings reports. Oil climbed. Energy, materials and industrial shares led the S&P 500 higher. The tech-heavy Nasdaq 100 was in the green for a third day.
Earlier in March this year, Kansas City Southern was approached by another railroad company - Canadian Pacific Railway for a merger, but Kansas City Southern has announced it will terminate that deal, given that it has accepted the offer from Canadian ...
Credit cards also offer better fraud protection. Legally, you're only liable for up to $50 in fraudulent credit card transactions, and most card issuers have zero-liability policies. For debit cards, your maximum liability depends on how quickly you report the fraud.
The Swedish company has the same effect on investors. Shares in the maker of oat-based dairy substitutes opened 30% above their initial public offering price of $17 on Thursday, valuing it at around $13 billion. That should lure other purveyors of plant-based ...
Oxford Cannabinoid Technologies, the U.K. prescription drug company that counts rapper Snoop Dogg among its investors, swung wildly between gains and losses on its London stock-market debut, capping a volatile week for investors. The stock opened ...
A Covid-19 antibody treatment from GlaxoSmithKline Plc and Vir Biotechnology Inc. was endorsed by the European Union drug regulator for use in the region, clearing the way for another much-needed therapy. The European Medicines Agency completed a ...
India's central bank approved paying a higher-than-expected nearly $14 billion as dividend to the government, providing relief to Finance Minister Nirmala Sitharaman at a time when the pandemic has strained public finances.
The Commerce Department held another summit with industry leaders this week as businesses try to get help with the chip shortage. Commerce Secretary Gina Raimondo testifies ...
The co-founders of the American electric carmaking startup, Henrik Fisker and Geeta Gupta-Fisker, had a private audience with Pope Francis on Thursday to show off the new design. The duo presented ...
Shareholders of Tribune Publishing, one of the country's largest newspaper chains, will vote Friday on whether to be acquired by a hedge fund that already owns one-third of the company and favors aggressive cost-cutting to boost profits. The $630 million bid ...
Android DevOps platform Esper for intelligent edge devices on Thursday announced raising $30 million in Series B funding led by Scale Venture Partners, with participation from existing investors including Madrona Venture Group, Root Ventures, Ubiquity ...
(Bloomberg) --China is set to extend its dominance in the global oil market as planned tax adjustments spark a chain reaction, prompting processors to boost crude imports and raise refinery run rates. From mid-June, the top crude importer will introduce a levy ...
Heavy rain has primed America's bread basket for a record wheat yield, even as it raises concerns about crop quality. That's the big takeaway from traders and analysts trekking across Kansas this week for the Wheat Quality Council's annual crop tour. In many ...
A few significant mortgage rates inched upward today. The average interest rates for both 15-year fixed and 30-year fixed mortgages both inched up. We also saw an upswing in the average rate of 5/1 adjustable-rate mortgages. Mortgage interest rates are ...
The Pennsylvania Department of Health said that it was taking action 'after more fully evaluating the circumstances' of the security lapse. By Michael Rubinkam • Published 53 mins ago • Updated 53 mins ago. Pause. 1:03. GOP Pennsylvania Lawmakers Call ...
Even by the standards of ocean carriers, the CMA CGM Marco Polo is a behemoth: three-and-a-half football fields long — standing on end, it would be roughly the height of the Eiffel Tower — it can tote enough cargo to fit in more than 16,000 20-foot-long ...
Ghosn claimed the Japanese companies violated Dutch labour laws when they dismissed him and had demanded compensation of 15 million euros for missed wages and severance payments. But the district court in Amsterdam sided with the car companies ...
Satish Shukla, co-founder and director, HR & marketing at Addverb Technologies talks to TOI about the new trends in the industry and the company's global expansion plans. Excerpts:.
Telsa stock's cratering price this year is starting to cost true believers in the S&P 500 stock some serious money: $128 billion. And that's in real dollars, not Bitcoin. The top 10 holders of Tesla (TSLA) stock, including founder Elon Musk himself plus big ETF ...
A woman wearing a facemask, working in an Amazon warehouse. The Amazon service providing two-hour delivery for essential goods or groceries has a new home. The tech giant announced it ...
Twenty seven restaurants and food trucks, as well as two wineries, will participate in the 38th annual event. All are past participants of the festival. "The ...
The hot brown sugar boba sundae from Lucky Koi Bubble Tea in University Heights. The soft-serve ice cream is made in house, then topped with tapioca balls and a hot brown sugar syrup.
HONG KONG (AP) — China's internet watchdog said Friday it had found Bytedance's Douyin, Microsoft Bing, LinkedIn and 102 other apps were engaged in improper collection and use of data and ordered them to fix the problem. The Cyberspace ...
As of Thursday, May 20, Twitter has officially relaunched its verification process. This is the process by which certain Twitter accounts get the coveted blue badge, highlighting that the account is a notable figure, organization, or brand. This is the first time ...
The company is targeting Saturday (May 22) for the third crewed spaceflight of its SpaceShipTwo space plane VSS Unity, which is designed to carry people and payloads on brief trips to suborbital space.
The Sensex closed 975 points higher at 50,540, while the Nifty50 rose 269 points to close at 15,175. The BSE midcap index rose 0.8 percent and the smallcap index closed with gains of 0.65 percent. The ...
Markets saw it coming - they were at record highs well before the first-quarter earnings season saw companies delivering one of the strongest profit jumps on record. The bumper earnings flows were therefore met on markets with a yawn.
The legislation introduced Thursday would provide a $1.50 blenders tax credit for sustainable aviation fuels that demonstrate at least a 50 percent reduction in GHG emissions over their lifecycle, and incentivize SAFs that go above that threshold.
The Indian rupee surged by 29 paise to hit an eight-week high of 72.83 against the US dollar on Friday, tracking positive domestic equities and upbeat Asian peers against the American currency. At the interbank forex market, the local unit opened at 72.98 ...
The Company also provided its financial outlook for the full fiscal year ending March 31, 2022. "Fiscal 2021 was an exceptional year for Deckers, led by global growth of the HOKA brand, ...
As early as March, the gig economy companies started expressing concern about a lack of drivers as COVID-19 vaccination rates accelerated and economies opened back up. DoorDash CFO Prabir Adarkar said the company was seeing an increase in orders ...
Hotter Shoes, the Skelmersdale-based shoe manufacturer, is to be floated on AIM later this year. Its owner, Electra Private Equity, announced its intention to float the firm, along with another of its ventures, TGI Fridays. It follows its disposal of Sentinel ...
Drivers are feeling the pinch at the pump - as gas prices skyrocket across the country. AAA Hawaii reports prices here have risen to rates not seen since 2018. The average price for regular unleaded is $3.89 -- that's up 82-cents from last year. In Hilo, drivers ...
"I'm a passionate leader with years of experience, both in combat and the boardroom." Hometown: Clio, Michigan. Fun Fact About Yourself: I am a member of Team USA's National Standing Amputee Hockey Team. Undergraduate School and Major: The ...
NORTHSTATE AREA, Calif. — California plans to fully reopen its economy in June, but what does that mean for your workplace for mask and physical distancing requirements? Will you need to continue wearing a mask at work? The California Occupational ...
The Mahindra Thar will not go on sale in Australia. The Indian company was earlier planning to introduce the off-roader in the Australian market and had also opened expressions of interest on its Australian website. A single unit of the Thar was imported in ...
Darcy Wilson-Rymer, chief executive of Card Factory, said the increased banking facilities will "afford the group the headroom required" to grow. "In particular, enhancing our card-led proposition through ...
Bharat Biotech's wholly-owned subsidiary Chiron Behring Vaccines has enhanced the production capacity of Covaxin in Gujarat's Ankleshwar unit. May 21, 2021 12:05 IST | India Infoline News Service. A + A -. Read Full Story. Bharat Biotech has ramped up ...
MONTREAL — Hydro-Quebec says the Canada Energy Regulator has issued the permit authorizing the construction and operation of the Appalaches–Maine Interconnection line. The new power transmission line will connect to the New England Clean ...
MELBOURNE (Reuters) -BHP Group's new alcohol policy barring workers on mine sites in Western Australia from consuming alcohol after 9:30 p.m. impinges on their rights, a workers' union said, while the mining giant invoked health and safety concerns.
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