UBS to pay $1.4 billion for selling toxic mortgages prior to the Great Recession
The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling mortgage-backed securities that blew up during the Great Recession.
2023-08-15 01:48
NY Fed survey finds broad cooling in inflation expectations
By Michael S. Derby NEW YORK Americans said last month they expected weaker inflation over the next few
2023-08-14 23:19
Dog-Loving, Central-Bank-Hating Economist Upends Argentine Polls
Javier Milei began and ended his victory speech shouting “Long live freedom, dammit!” and proceeded to thank his
2023-08-14 21:26
China Passes Greece as Top Shipowning Nation by One Key Metric
China surpassed Greece as the world’s largest shipowner for the first time in one important metric, cementing its
2023-08-14 21:17
Sony Deal Spurs Hopes for More Gains in India’s No.1 Media Stock
Zee Entertainment Enterprises Ltd. may see further gains in its stock price as investors bet the Indian media
2023-08-14 15:24
HK Democracy Activists Win Narrow Legal Victory in Protest Case
A Hong Kong court overturned one of two convictions for seven top democracy activists including media mogul Jimmy
2023-08-14 14:16
Agnellis’ Exor Buys 15% Stake in Philips for Around $2.8 Billion
The Agnelli family’s Exor NV bought a minority stake in Dutch medical technology company Koninklijke Philips NV. Exor,
2023-08-14 13:48
Analysis-Big losses in Russia-linked stocks have investors rethinking other depositary receipts
By Sinead Cruise and Carolina Mandl LONDON/NEW YORK Global investors are losing confidence in securities linked to shares
2023-08-14 13:26
Zuckerberg Says ‘Time to Move On’ From Musk Cage Fight
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., said it’s “time to move on” from speculation that
2023-08-14 13:23
Hollywood Strikes Threaten Britain’s US-Dependent Film Industry
The UK film industry is reckoning with its streaming-fueled reliance on US media giants after Hollywood strikes have
2023-08-14 12:26
Behind Indonesia’s 5% Growth Lies a Less Rosy Economic Picture
Indonesia’s growth performance last quarter is poised to top most of its peers in Southeast Asia, but its
2023-08-14 09:26
CBS News President Neeraj Khemlani to Step Down, Change Role
CBS News Inc. President Neeraj Khemlani said he will leave his current role to begin a new position
2023-08-14 08:23