Author: Press Room
Natuzzi reports Q3 results
© Reuters. Investing.com– Most Asian currencies weakened slightly on Monday, while the dollar steadied as traders hunkered down before a string of key economic readings due this week. Mixed signals from China weighed on sentiment, as data showed a sustained, albeit narrowing decline in . Top Chinese government officials called on Beijing to unlock more financial support for local businesses amid a slowing economic recovery. The fell 0.1%, following a slightly weaker daily midpoint fix by the People’s Bank of China. Focus this week was on (PMI) data for November, due on Thursday, for more cues on business activity. PMI…
President Biden called the release of 24 hostages by Hamas on Friday “only a start, but so far it’s gone well.”Speaking after Hamas freed hostages in Gaza and Israel released 39 Palestinian prisoners and detainees — the first exchange under their four-day truce — Mr. Biden predicted that more hostages would be released.No Americans were among the first group of hostages freed, but Mr. Biden said his “hope and expectation” was that they would be released soon.Mr. Biden, speaking from Nantucket, Mass., where he spent Thanksgiving with his family, said “the chances are real” that the pause could open the…
An Amazon worker died in Indiana in May after his head collided with a conveyor belt. The company was cited for a “serious” safety citation, according to OSHA. However, the maximum amount the company could be fined was $7,000. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Over the past couple of years, Amazon’s safety record has come under scrutiny by labor advocates and families of those who have died or been injured while working at its warehouses.A new report from the Washington Post sheds light…
For years, people involved in cryptocurrencies, whether in companies providing products and services or groups and individuals heavily promoting them, have waved away criticism. It was only a few bad actors. Things would prove themselves out. Those who didn’t jump in would be shown as losers. Given the number of outrageous outcomes and events over the last few years, it’s time enough to question whether the whole idea of a completely decentralized digital form of exchange is sensible. It isn’t currency in the classical sense of the characteristics it needs. As an investment, it’s been wild speculation. And some of…
Jun Ohta, the chief executive of Sumitomo Mitsui Financial Group and the driving force behind its recent wave of expansion into both the US and south-east Asia, has died at the age of 65. Ohta’s death last week, which was announced by the company on Monday, followed a four-year stint at the top of the Japanese megabank, and a long career rising through its ranks. As well as building the bank’s recent reputation for aggressive foreign expansion, Ohta steered the financial group through one of its most painful recent episodes: a scandal at its brokerage unit, SMBC Nikko over alleged market manipulation.In…
© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo BEIJING (Reuters) -Top Chinese government departments led by the central bank said on Monday that measures needed to be stepped up to strengthen financial support for private companies, including unblocking and sustaining of funding channels. State agencies have in recent months unveiled a flurry of initiatives to support private businesses after authorities vowed to make the sector “bigger, better and stronger”, in a bid to shore up…
© Reuters. SINGAPORE – In response to the rising threat of financial scams, which have cost Singaporeans over $330 million in losses within half a year, local banks have introduced advanced security measures to protect customers’ funds. DBS Bank has initiated the rollout of its “digiVault” service, designed to shield against unauthorized digital transactions and secure fixed deposits from online threats. The full user access for this service is expected by December 7, 2023. Following suit, United Overseas Bank (OTC:) (UOB) launched its “LockAway Account” on Thursday, which offers customers the ability to accrue interest on locked funds without the…
The U.S. Navy intervened to stop the hijacking of a commercial cargo ship by pirates in the Gulf of Aden near Somalia on Sunday, according to American defense officials.Sailors from the U.S.S. Mason, a Navy destroyer, captured the attackers who had boarded the Central Park, a chemical tanker, a senior defense official said.Zodiac Maritime, the London-based company that manages the vessel, said that the ship and crew are now safe and unharmed, but provided few details. The ship’s crew had issued a distress call on Sunday reporting they were under attack by pirates, as they passed through the Gulf of…
Donald Trump pardoned Jonathan Braun, a convicted drug smuggler, on his last day in office.Meanwhile, the DOJ hoped to use Braun in a separate probe into the predatory lending business.Braun’s commutation meant the DOJ lost the leverage it needed to get Braun to cooperate, per NYT. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Donald Trump’s pardoning of a convicted marijuana smuggler with ties to the Kushner family threw a wrench in the Justice Department’s larger probe into the predatory lending industry, The New…