Standard Chartered on Tuesday lost a bid to halve the value of a roughly 1.5 billion-pound ($1.94 billion) London lawsuit brought over allegations the lender broke U.S. sanctions against Iran in a more widespread way than it has previously admitted. […]
Kroger Co. is fighting back against a lawsuit brought by Albertsons Cos. over its failed $24.6 billion takeover of the rival grocery chain, escalating a dispute that began after US antitrust enforcers succeeded in blocking the deal last year. Albertsons […]
The Swiss National Bank cut its main interest rate to just above zero on Thursday and flagged increased uncertainty over the global impact of U.S. President Donald Trump’s trade policies. The SNB reduced its policy rate by a quarter point to 0.25%, […]
Germany could save more than 300 billion euros ($326.49 billion) by 2035 by implementing the energy transition more efficiently, according to a study from the Boston Consulting Group and the country’s BDI industry association released on Thursday. Germany is expected […]
UBS has made a shock exit from the outsourced trading game just weeks after appointing a new head of the business, according to multiple sources familiar with the matter. The Swiss bank has given its clients a three month notice […]
Chevron has bought a stake of 4.99% in Hess Corp since the start of the year, according to a regulatory filing from this week. The company said it is confident its merger with Exxon’s partner in Guyana will proceed as […]
Israeli startup REE Automotive (REE.O)said on Tuesday it expects revenue of up to $770 million by 2030 from a licensing deal with an undisclosed company to which it will provide technology that helps make autonomous vehicles. REE, whose customers include van […]
Financial technology firms and crypto companies are seeking to become state or national banks in a bid to expand their business under the Trump administration that they view as more industry-friendly, according to more than half a dozen industry executives. Firms that had been seeking […]
Towngas Smart Energy reported a profit increase last year amid a slowing economy, as the subsidiary of Hong Kong’s sole gas provider reaped the benefits from its investments in renewable energy in mainland China. Net profit rose 2 per cent […]
The value of Iran’s non-oil export to Azerbaijan increased by 14.5 percent during the first ten months of the current Iranian calendar year (March 20, 2024-January 19, 2025), as compared to the same period of time in the past year, […]
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