$40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report JPMorgan Chase has quietly revealed tens of billions of dollars in losses on securities, according to a new report […]
Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash as Warren Buffett saw few dealmaking opportunities. The Omaha-based conglomerate’s operating earnings — which encompass profits made from the myriad […]
Finance Minister Enoch Godongwana said government spending has exceeded revenue since the 2008 global financial crisis, which puts it on the road to a fiscal crisis. Godongwana revealed the country’s dire finances during his medium-term budget policy statement, released on […]
German Chancellor Olaf Scholz departed Berlin for Nigeria on Sunday, on what is his third trip to Africa since taking office almost two years ago. German President Frank-Walter Steinmeier is set to do likewise on Monday, when he will arrive […]
Hamilton Insurance Group Ltd. is seeking to raise as much as $270 million in an initial public offering that could mark one of the last major tests of investor appetite for new listings this year. The specialty insurer will offer […]
Africa’s top four countries in aviation safety are Nigeria, Kenya, Cote d’Ivoire, and Tanzania, according to the International Civil Aviation Organization (ICAO). Tanzania’s Prime Minister Kassim Majaliwa announced on Monday that Tanzania has been ranked the fourth safest country in […]
Saudi Arabia is holding on to its ultimatum that foreign companies will need to base their regional headquarters in the kingdom or be barred from lucrative government contracts. The deadline: Jan. 1, 2024. In a bold surprise move back in […]
Abu Dhabi’s Crown Prince and Chairman of the Abu Dhabi Executive Council, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, recently held a high-level meeting with Larry Fink, Chairman and CEO of BlackRock, one of the world’s leading asset management companies, […]
China has approved issuing 1 trillion yuan ($139 billion) in new bonds, marking its first budget revision in years as it looks to boost confidence amid tepid signs of an economic recovery. The announcement late Tuesday from the National People’s […]
When the Shanghai Composite Index plummeted to a new low since November, shedding 3,000 points in the process, it was more than just a statistical anomaly. It was a grim portent of a deepening economic malaise that has gripped China’s […]
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