any system that monitors and maintains things of value to an entity or group, including both tangible and intangible assets
With public universities under threat, massive protests against austerity shake Argentina
apnews.com/article/argentina-milei-libertarian-economic-overhaul-austerity-university-public-35f1c1df7826fb8be935c9acfdc6cce2
Turkey’s ‘Orthodox’ Pivot Makes Lira a Favorite for HSBC: Turkey’s return to a more conventional approach to monetary policy is boosting investor confidence ...
bloomberg.com/news/articles/2024-04-24/turkey-s-orthodox-pivot-makes-lira-a-favorite-for-hsbc
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‘Just didn’t add up’: Could you survive without a car?: More and more of us are opting to go carless as the cost of owning a vehicle continues to rise.
theage.com.au/money/planning-and-budgeting/just-didn-t-add-up-could-you-survive-without-a-car-20240423-p5flxb.html
Argentinians filled the streets of Buenos Aires as they marched against President Javier Milei's budget cuts to education ... Show more www.reuters.com/world/americas/argentinas-milei-faces-biggest-protest-yet-students-march-over-budget-cuts-2024-04-23/
JPMorgan CEO Dimon says US economy is booming: JPMorgan Chase CEO Jamie Dimon expressed confidence on Tuesday in a robust U.S. economy backed by strong ...
reuters.com/markets/us/jpmorgan-ceo-dimon-says-us-economy-is-booming-2024-04-23/
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
Caitlin Clark to sign new Nike deal valued at $28 million over 8 years, reports say
apnews.com/article/caitlin-clark-nike-3ea6a96e0b830b66b4680cc5318de9e4
Quick Glance: Caitlin Clark Secures Groundbreaking Contract with Nike After WNBA Salary Criticism
- Following public criticism of Caitlin Clark's modest WNBA rookie salary, she secured an impressive deal with Nike.
- As the top pick in the 2024 WNBA Draft, she landed a long-term agreement with the athletic footwear and apparel brand, including a signature shoe.
- This partnership represents the largest sponsorship deal for a female basketball player.
StanChart Tells Clients Craving Oil, Copper to Beware Inflation: Some Standard Chartered Plc clients are increasingly favoring tangible assets like copper and ...
bloomberg.com/news/articles/2024-04-24/stanchart-tells-clients-craving-oil-copper-to-beware-inflation
Kotak Barred from Adding Online Clients, Issuing Credit Cards: Kotak Mahindra Bank Ltd., India’s fourth-largest lender by market value, has been barred from ...
bloomberg.com/news/articles/2024-04-24/kotak-barred-from-adding-online-clients-issuing-credit-cards
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Apollo sells stake in asset-backed lending unit to insurer MassMutual: Deal with Atlas SP comes after private capital group acquired unit from Credit Suisse
ft.com/content/de752ddd-0086-4a85-8885-65ff42d03e47
Italy’s Superbonus-Stoked Debt Draws Fitch’s Attention: Italy’s return to a trajectory of rising debt risks complicating the task of managing the euro zone’s ...
bloomberg.com/news/articles/2024-04-24/italy-s-superbonus-stoked-debt-path-draws-fitch-s-attention
Paid articlePaid US seeks 36 months' jail for Binance founder Zhao: Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in ...
reuters.com/legal/us-seeks-36-months-jail-binance-founder-zhao-2024-04-24/
Quick Glance: DOJ Calls for Binance Founder to Spend Three Years in Prison
- The U.S. Department of Justice stated that Binance's founder, Changpeng "CZ" Zhao, should spend three years in prison for enabling the crypto exchange to violate federal laws on money laundering and sanctions.
- Zhao pleaded guilty to violating the Bank Secrecy Act, with the DOJ recommending a 36-month prison sentence and a $50 million fine.
- Emphasizing the need for a significant punishment, the DOJ highlighted Zhao's financial gains from illegal activities and the importance of deterring others from similar actions.
- The court will decide between incarceration and probation for Zhao, with his defense arguing against his knowledge of specific transactions and advocating for probation due to a lack of risk of repeat offenses.
George Santos ends comeback bid for Congress: Former U.S. Rep. George Santos says he's dropping his longshot bid to return to Congress ...
apnews.com/article/george-santos-congress-campaign-a4c4cc2ea7cb52a13ec9f8dfc5ede86c
Quick Glance: George Santos ends independent bid for US House seat
- Following his expulsion from Congress after a bipartisan vote on December 1, George Santos, a Republican representative from New York, is seen leaving the U.S. Capitol. On Tuesday, Santos announced his decision to withdraw his independent candidacy for New York's 1st Congressional District.
- In order to prevent a split in the Republican ticket between himself and the incumbent Republican candidate, Nick LaLota, in case he secures the Republican nomination after the New York primary on June 25, Santos opted out of an independent run, as reported by Politico.
- Nancy Goroff and John Avlon are currently competing for the Democratic nomination for the congressional seat during the New York primary.
- Despite concluding his independent candidacy, Santos hinted at a possible future congressional run. He expressed, 'The future holds countless possibilities, and I am prepared, eager, and capable to step up and fight for my country at any time.'
Fintech firm Revolut plans to hire 1,500 staff by end of year: British fintech company Revolut has added nearly 2,000 employees since the start of 2024 and plans ...
reuters.com/business/finance/fintech-firm-revolut-plans-hire-1500-staff-by-end-year-2024-04-24/
Country Garden Extends Bonds to Avoid First Local Default: Chinese developer Country Garden Holdings Co., one of the biggest symbols of the nation’s broader ...
bloomberg.com/news/articles/2024-04-24/country-garden-extends-bonds-to-avoid-first-local-default
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Suspicion of Russian financing: AfD politician Bystron is said to have complained about the denomination of the banknotes
spiegel.de/politik/deutschland/verdacht-auf-russische-finanzierung-afd-politiker-bystron-soll-sich-ueber-stueckelung-der-geldscheine-beschwert-haben-a-286416d6-bb5f-4f8e-b62d-153de52503fc
Quick Glance: Suspected Russian Financing: AfD Politician Bystron's Alleged Complaints Over Cash Denominations
- New evidence suggests that AfD politician Petr Bystron may have received money from Russia.
- The Czech government exposed an influence operation involving the flow of money to pro-Russian politicians.
- Bystron is suspected of receiving money from Artem Martschewskyj, an associate of Vladimir Putin.
- Incriminating audio recordings and video surveillance indicate that Bystron may have accepted money.
FTSE 100 extends record run on earnings optimism: Britain's FTSE 100 index extended its record run on Wednesday as a strong earnings update from Reckitt ...
reuters.com/world/uk/ftse-100-extends-record-run-earnings-optimism-2024-04-24/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Time for Kering’s king to consider a step back: Kering Chairman and CEO François-Henri Pinault was 42 when his father François, the self-made billionaire who’d ...
reuters.com/breakingviews/time-kerings-king-consider-step-back-2024-04-24/
Quick Glance: Time for Kering’s King to Consider a Step Back
- Francois-Henri Pinault, Chairman and CEO of Kering, should consider bringing in fresh blood and possibly appointing a new CEO.
- In any sector other than luxury, shareholders might have already stepped in to suggest a change at the helm, but at Kering, founding families tightly control the company.
- The board of Kering should apply pressure on the chairman to at least give up the CEO role.
- Pinault should step back into the chairman's job and leave a new Kering chief the independence they will need.
LME moves to stop gaming of Russian aluminium sanctions-based rule: The London Metal Exchange (LME) moved on Tuesday to stop traders from taking Russian ...
reuters.com/markets/commodities/lme-moves-stop-gaming-russian-aluminium-sanctions-based-rule-2024-04-23/
Venezuela Hires Rothschild as Adviser on Defaulted Debt Pile: Venezuela’s government has hired Rothschild & Co. as a financial adviser to provide an overview ...
bloomberg.com/news/articles/2024-04-23/venezuela-hires-rothschild-as-adviser-on-defaulted-debt-pile
US consumer finance watchdog raises alarm over credit card megadeals: CFPB boss warns over competition and financial stability as Capital One and Discover pursue ...
ft.com/content/83ed2a96-8c5c-4242-89bc-21eb53a9f62a
GM shared our driving data with insurers without consent, lawsuit claims: Motorists file class action alleging breach of contract and more after their premiums ...
theregister.com/2024/04/23/gm_insurance_class_action/
LIVE: Argentine students, organizations march to demand funds for public education
twitter.com/i/broadcasts/1lPKqbkZXPYGb
NYCB faces tough choices on CRE loans, balance sheet diversification: New York Community Bancorp will have to lure buyers for its commercial real estate (CRE) ...
reuters.com/business/finance/nycb-faces-tough-choices-cre-loans-balance-sheet-diversification-2024-04-24/
Continuum Green Founders Eye $200 Million Loan for Investor Exit: The founders of India’s renewable energy firm Continuum Green Energy Ltd. have hired Deutsche ...
bloomberg.com/news/articles/2024-04-24/continuum-green-founders-eye-200-million-loan-for-investor-exit
New US military aid package to Ukraine expected to be worth around $1 billion: The Biden administration is preparing a new aid package for Ukraine that is ...
cnn.com/2024/04/23/politics/new-us-military-aid-package-to-ukraine-expected-to-be-worth-around-usd1-billion/
Quick Glance: Senate Passes $95 Billion Aid Package for Ukraine, Israel, and Taiwan
- The Senate has passed a $95 billion aid package for war assistance to Ukraine, Israel, and Taiwan, sending the legislation to President Joe Biden after months of delays and contentious debates over U.S. involvement in foreign wars.
- The legislation also includes $26 billion for wartime assistance to Israel and humanitarian relief for the citizens of Gaza, along with $8 billion to counter Chinese threats in Taiwan and the Indo-Pacific.
- Senate Republicans and House Republicans collaborated to secure the aid for Ukraine and Israel, emphasizing the potential dire consequences if Russian President Vladimir Putin's aggression goes unchecked.
- There was broad congressional support for the aid package, but leaders had to navigate strong opposition from conservatives questioning U.S. involvement in foreign wars and focusing on issues like migration at the U.S.-Mexico border.
Citigroup, Wall Street’s biggest loser, is at last on the up: Jane Fraser’s unexpected success
economist.com/finance-and-economics/2024/04/18/citigroup-wall-streets-biggest-loser-is-at-last-on-the-up
Pension increased: This is how much more money pensioners will get from July 2024 | Table
t-online.de/finanzen/ratgeber/altersvorsorge/gesetzlicherente/id_100271328/rente-erhoeht-so-viel-mehr-geld-bekommen-rentner-ab-juli-2024-tabelle.html
CoStar beats Q1 revenue on strong consumer traffic on website: Real estate information provider CoStar Group beat Wall Street estimates for first-quarter revenue ...
reuters.com/business/costar-beats-q1-revenue-strong-consumer-traffic-website-2024-04-23/
EU Raids Security Equipment Firm Under Foreign Subsidy Law: European Union watchdogs raided the premises of an unidentified security equipment firm in another ...
bloomberg.com/news/articles/2024-04-23/eu-raids-security-equipment-firm-under-foreign-subsidy-law
Nippon Life Is Steadily Buying 30-Year Japanese Government Bonds: Nippon Life Insurance Co. plans to buy super-long Japanese government bonds and will accelerate ...
bloomberg.com/news/articles/2024-04-24/nippon-life-is-steadily-buying-30-year-japanese-government-bonds
Paid articlePaid Russia to cash in as Sberbank pays $8bn in dividends: Record profits at lender will bolster state coffers to help fund war on Ukraine
ft.com/content/8eaf2666-050e-4833-977c-8a33d572a811
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head: Chinese brokerage Haitong Securities removed Lin Yong from chief executive of ...
reuters.com/business/finance/brokerage-haitong-removes-long-term-hong-kong-unit-chief-lin-appoints-new-head-2024-04-24/
Live updates: Israel-Hamas war, US funding for Israel, crisis in Gaza: The US Senate has passed a funding package that will provide $26.4 billion to aid Israel ...
cnn.com/middleeast/live-news/israel-hamas-war-gaza-news-04-24-24/
Ping An Profit Falls as Market Rout Hurt Investment Returns: Ping An Insurance (Group) Co.’s profit dropped 4.3% in the first quarter as stock-market declines ...
bloomberg.com/news/articles/2024-04-23/ping-an-profit-falls-as-market-declines-hurt-investment-returns
Standard Chartered lowers Vietnam 2024 growth forecast to 6.0%: Standard Chartered has cut its forecast for Vietnam's economic growth this year to 6.0% from 6.7% ...
reuters.com/markets/asia/standard-chartered-lowers-vietnam-2024-growth-forecast-60-2024-04-24/
UAW moving quickly after VW organizing win, union president says: United Auto Workers (UAW) President Shawn Fain is moving quickly in the union's sweeping ...
reuters.com/business/autos-transportation/uaw-moving-quickly-after-vw-organizing-win-union-president-says-2024-04-23/
European shares flat, with focus on mixed bag of earnings: European shares were little changed in early trading on Wednesday as gains in technology stocks were ...
reuters.com/markets/europe/european-shares-flat-with-focus-mixed-bag-earnings-2024-04-24/
Fosun’s Fidelidade Suspends Portugal Hospital Operator’s IPO: Fosun International Ltd.’s Fidelidade suspended a plan to carry out an initial public offering of ...
bloomberg.com/news/articles/2024-04-23/fosun-unit-suspends-planned-ipo-of-portugal-hospital-operator
Centerbridge Partners’ Top Real Estate Dealmaker Rahm to Depart: Centerbridge Partners’ Billy Rahm, who oversees global real estate investing ...
bloomberg.com/news/articles/2024-04-23/centerbridge-partners-top-real-estate-dealmaker-rahm-to-depart
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#Maharashtra | The agency’s closure report, if accepted, will prevent the Enforcement Directorate from investigating the alleged scam.
Read more: scroll.in/latest/1066992/
Quick Glance: Clearance for Ajit Pawar, Wife, Nephew in Money-Laundering Case Involving Maharashtra State Cooperative Bank
- The Economic Offences Wing of the Mumbai Police has given a clean chit to Maharashtra Deputy Chief Minister Ajit Pawar, his wife Sunetra Pawar, and nephew Rohit Pawar in an alleged money-laundering scam related to the Maharashtra State Cooperative Bank, as reported by The Indian Express on Wednesday.
- The agency relied on its evaluation of two transactions to affirm the absence of any criminal wrongdoing by the Pawars.
- The case centers on accusations that officials at the Maharashtra State Cooperative Bank unlawfully extended loans to cooperative sugar factory owners, their relatives, or others without adhering to proper procedures.
- Subsequently, the companies were reportedly sold at discounted prices to individuals associated with the bank's directors.
Biden Plans a $1 Billion Ukraine Weapons Package, Officials Say: The White House is set to announce $1 billion in fresh military aid for Ukraine including 155mm ...
bloomberg.com/news/articles/2024-04-23/biden-plans-a-1-billion-ukraine-weapons-package-officials-say
Stock Markets Today: Gucci, BOE rate outlook, gold, Tesla: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-04-24/stock-markets-today-gucci-boe-rate-outlook-gold-tesla
Australia's First Sentier Shuts Four Funds With $9 Billion, 30 Staff to Depart
bloomberg.com/news/articles/2024-04-23/first-sentier-shuts-four-funds-with-9-billion-30-staff-to-go
Mexico president eyes fresh pension fund ahead of election: Mexican President Andres Manuel Lopez Obrador said on Tuesday he hopes to present a new fund aimed at ...
reuters.com/world/americas/mexico-president-eyes-fresh-pension-fund-ahead-election-2024-04-23/
Quick Glance: Mexican President's Plan for Enhanced Pensions Before Elections
- President Andrés Manuel López Obrador is planning to introduce a fund to enhance lower pensions ahead of the presidential elections.
- The fund, part of a pension reform proposed by the president in February, has received approval from the lower house and is awaiting Senate approval.
- Initially, the government aims to invest around 40 billion pesos in the fund to ensure that workers earning up to 17,000 pesos per month receive 100% of their salary in retirement.
- The opposition has raised concerns about the impact on workers' savings managed by private companies. The government denies this claim, with the retirement fund association emphasizing that individuals will retain control over their accounts.
Volkswagen holds keys to Porsche's race against Ferrari: Porsche AG's ability to close a hefty valuation discount to top rival Ferrari could hinge on whether its ...
reuters.com/business/autos-transportation/volkswagen-holds-keys-porsches-race-against-ferrari-2024-04-23/
Two years of war have impoverished many Ukrainians: The elderly, the displaced and the disabled are the worst affected
economist.com/europe/2024/04/21/two-years-of-war-have-impoverished-many-ukrainians
Mercedes Is First Automaker to Sell Level 3 Autonomous Vehicles in the US: After securing permission to sell cars with advanced autonomous features in California ...
pcmag.com/news/mercedes-is-first-automaker-to-sell-level-3-autonomous-vehicles-in-the
Appaloosa Sues Credit Suisse Over $17 Billion AT1 Bond Wipeout: Hedge fund Appaloosa LP became the latest to sue over the $17 billion wipeout of high-risk bonds ...
bloomberg.com/news/articles/2024-04-24/appaloosa-sues-credit-suisse-over-17-billion-at1-bond-wipeout
Paid articlePaid Renault expects its sales growth to accelerate this year as it launches a number of new models. The French firm posted a 1 ... Show more gateway.zscaler.net/auT
Israel has yet to provide evidence for its accusations that hundreds of staff with the UN agency for Palestinian refugees – or UNRWA – are members of terrorist ... Show more www.reuters.com/world/middle-east/review-says-unrwa-has-robust-neutrality-steps-issues-persist-2024-04-22/
Quick Glance: UNRWA Report Highlights Lack of Evidence for Israel's Employee Militancy Claims
- An independent review commissioned by the United Nations found that Israel has not provided evidence to support its accusation that a 'significant' number of employees of the U.N. relief agency for Palestinian refugees in the Gaza Strip are members of terrorist organizations.
- The review, led by former French foreign minister Catherine Colonna, revealed that UNRWA 'plays an indispensable and irreplaceable role in the region,' despite issues such as employees expressing political views and offices being used for 'political or military purposes'.
- The review listed recommendations to enhance UNRWA operations, including improved training, more rigorous employee screening, and a thorough review of all textbooks and supplements.
- Concerns were raised regarding the screening of UNRWA employees and the content of textbooks, while Israel has yet to provide evidence to support the claim that a significant number of UNRWA employees are members of terrorist organizations.
Philippines orders removal of Binance from Google and Apple app stores: The Philippines' Securities and Exchange Commission sent letters to Google and Apple ...
cnbc.com/2024/04/23/philippines-orders-google-apple-to-remove-binance-from-app-stores.html
VW staff cuts: Volkswagen pays up to 450,000 euros in severance pay: VW is fueling its job cuts with high severance payments. According to WirtschaftsWoche ...
wiwo.de/unternehmen/auto/sparprogramm-bei-volkswagen-vw-zahlt-bis-zu-450-000-euro-abfindung/29757096.html
Better than the MSCI World? Warren Buffett swears by this ETF: Warren Buffett's ETF tip: An S&P 500 ETF as a smart investment that always makes a profit in the ...
boerse-online.de/nachrichten/fonds/besser-als-der-msci-world-auf-diesen-etf-schwoert-warren-buffett-20355971.html
Government exit would end 'sorry tale' for Britain and bank, NatWest Chair says: Britain's plans to sell its remaining stake in NatWest would end a "sorry tale" ...
reuters.com/business/finance/natwest-ceo-sees-material-opportunities-ai-2024-04-23/
Tanzania tourism: World Bank suspends funding for Ruaha National Park project: It follows allegations of evictions and other rights abuses during the expansion ...
bbc.com/news/world-68882065
Thai PM Nudges Lenders to Cut Rates After Central Bank Snub: Thailand’s Prime Minister Srettha Thavisin urged the nation’s biggest commercial banks to reduce ...
bloomberg.com/news/articles/2024-04-23/thai-pm-nudges-lenders-to-cut-rates-after-central-bank-snub
Paid articlePaid UBS Chairman Says He’s Seriously Concerned Over Capital Reforms: UBS Chairman Colm Kelleher said that the Swiss government’s proposal to require the bank to hold ...
bloomberg.com/news/articles/2024-04-24/ubs-chairman-says-he-s-seriously-concerned-over-capital-reforms
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National Enquirer’s Help for Trump Broke Norms Even in the Tabloid World: The tabloid’s parent company was fined for breaking federal election laws after ...
nytimes.com/2024/04/23/nyregion/national-enquirer-trump-trial-david-pecker.html
Quick Glance: Trial Judge Evaluates Trump's Compliance with Gag Order
- Former President Trump is on trial in New York for hush money issues. David Pecker from 'National Enquirer' testified about an agreement to manipulate stories about Trump and his rivals.
- Concerns arose about Trump's violation of the gag order by criticizing court members. Mary McCord explained how the administration of justice can be disrupted by defendants' statements, leading to legal restrictions.
- Despite reluctance to detain a former president, fines may be imposed for attacks on witnesses and judicial families. Threats to security and witness testimonies pose serious challenges to the trial's integrity.
- Judges emphasize the importance of upholding justice by addressing threats and ensuring the safety of those involved in legal proceedings. The credibility of the trial hinges on maintaining a fair and secure environment.
European natural gas futures have ticked up in recent weeks after hitting a 2024 low at the end of February. LSEG’s Wayne Bryan says it should be ‘smooth ... Show more
Honda to build electric vehicles and batteries in Ontario, says source: Honda will build electric vehicles and their parts in Ontario with financial support from ...
reut.rs/3UrdpUj
Quick Glance: Honda's Major Investment in Electric Vehicle Factory in Ontario
- According to sources from federal and provincial government levels, Honda is planning to establish a significant new electric vehicle facility in Ontario.
- The forthcoming announcement of the agreement is expected to take place at Honda's facility in Alliston, where plans for a comprehensive project to manufacture electric vehicles, batteries, and components will be revealed.
- Honda's investment in Alliston is projected to surpass the existing major projects in the electric vehicle production sector in Ontario.
- The disclosure of the agreement with Honda is seen as a significant step in the government's efforts to attract companies for establishment in Canada within the emerging electric vehicle industry.
UK's Sunak announces raised defence spending, new Ukraine aid: WARSAW: UK Prime Minister Rishi Sunak on Tuesday (Apr 23) announced additional funding for Ukraine ...
channelnewsasia.com/world/uk-pm-sunak-raised-defence-spending-ukraine-aid-4286571
Quick Glance: Sunak and Scholz Face Tension in Berlin Meeting
- Sunak announces £500 million aid for Ukraine and plans to increase defence spending by 2030.
- Germany criticizes UK's delay in defense spending for European security.
- Scholz will address Sunak on British defense commitments.
- Berlin expresses discontent over Sunak's defense spending delay and doubts Germany's rapid defense capability.
Britain's Lloyds Bank reports 28% slide in Q1 profit on income squeeze: Lloyds Banking Group reported a 28% fall in first quarter pretax profit on Wednesday ...
reuters.com/business/finance/britains-lloyds-bank-says-q1-profit-falls-28-2024-04-24/
Lowry: Alvin Bragg makes history for wrong reasons: Alvin Bragg is to be commended for getting to trial on the Trump hush-payments case.
bostonherald.com/2024/04/23/lowry-alvin-bragg-makes-history-for-wrong-reasons/
Kering Warns Profit to Tumble Following Gucci Woes in China: Kering SA warned that profit will plunge in the first half of the year as the crisis at Gucci ...
bloomberg.com/news/articles/2024-04-23/kering-warns-profit-to-tumble-following-gucci-woes-in-china
Paid articlePaidQuick Glance: Kering Faces Profit Decline Amid Gucci Sales Drop
- Kering expects a significant decline in profits in the first half of 2024, leading to an 8.5% drop in shares.
- Gucci's sales, the major brand share of Kering, declined by 18% on a comparable basis, mainly due to weak sales in the Chinese market.
- The company plans to continue investing in the long-term elevation of its brands, particularly Gucci, although this is challenging amidst aesthetic changes.
- Kering anticipates improved sales performance in the second half of the year, but does not expect significant improvement at Gucci in the second quarter.
JPMorgan China names new heads of China securities unit: JPMorgan Chase & Co appoints Lu Fang to chair the board of its China securities arm ...
reuters.com/business/finance/jpmorgan-china-names-new-heads-china-investment-banking-arm-2024-04-23/
Altice Billionaire Patrick Drahi Recasts Finance’s Natural Order: The battle over Patrick Drahi's telco debt needs to re-establish the norm that creditors ...
bloomberg.com/opinion/articles/2024-04-23/altice-billionaire-patrick-drahi-recasts-finance-s-natural-order
Halifax homicide: Youth dead, 2 arrested after incident outside mall | Globalnews.ca
trib.al/dslfoZU
UBS Upgrades China Stocks to Overweight, Cuts Taiwan and Korea: UBS Group AG raised its recommendation on a key Chinese stock index to overweight in a rare ...
bloomberg.com/news/articles/2024-04-23/ubs-upgrades-china-stocks-to-overweight-cuts-taiwan-and-korea-lvboqewq
Paid articlePaid China’s Noah to Hire 50 to 100 Wealth Managers in HK, Singapore: Noah Holdings Ltd. is seeking to as much as double the number of managers it employs in Hong ...
bloomberg.com/news/articles/2024-04-23/china-s-noah-to-hire-50-to-100-wealth-managers-in-hk-singapore
Paid articlePaid
Drivers, start your electric motors!: Imagine an auto race with speed but no engine noise. That battery-powered future is already here, with Formula E.
washingtonpost.com/climate-solutions/2024/04/23/electric-vehicles-motorsports-formulae/
Joe Biden tells Volodymyr Zelenskyy US weapons will arrive ‘quickly’: President expected to sign law unlocking long-delayed $60bn in funding for Ukraine this ...
ft.com/content/742be420-1bb2-4c94-9684-fb8a7f20186b
Quick Glance: Biden Promises Swift Military Aid for Ukraine
- President Joe Biden assured his Ukrainian counterpart Volodymyr Zelenskyy of quick military support in the fight against Russia's invasion during a Monday call.
- The US House of Representatives approved a substantial foreign aid package last week, including $61 billion for war-torn Ukraine, with the Senate expected to follow suit.
- Biden emphasized America's 'lasting commitment' to Ukraine 'as it defends its freedom against Russian aggression'.
- Zelenskyy reported that Biden assured him he would sign the upcoming military aid package immediately upon Senate approval, and the weaponry provided would strengthen Ukraine's air defense as well as long-range and artillery capabilities.
Renault Q1 sales lifted by financing arm, confirms 2024 profit outlook: Renault expects its sales growth to accelerate this year as it launches a number of new ...
reuters.com/business/autos-transportation/renault-q1-sales-rise-18-2024-04-23/
UBS gets backing for capital plan, Ermotti pay from Norway wealth fund: Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) ...
reuters.com/business/finance/ubs-gets-backing-capital-plan-ermotti-pay-norway-wealth-fund-2024-04-23/
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