Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK Financial Conduct Authority has found that the collapsed Middle Eastern hospital operator NMC Health Plc committed market abuse by understating its debt by as much as $4bn.The FCA publicly censured the former FTSE 100 company for publishing “materially inaccurate information about its debt position” between March 2019 and February 2020. The watchdog said on Friday it was not imposing a financial penalty on NMC Health — which fell into administration in April 2020 — because no funds were anticipated to…
© Reuters. FILE PHOTO: Joachim Nagel, Bundesbank president and European Central Bank policymaker, prepares for an interview at the Jackson Lake Lodge in Jackson Hole, Wyoming, where the Kansas City Fed holds its annual economic symposium, August 24, 2023. REUTERS/An FRANKFURT (Reuters) – The European Central Bank should reduce the amount of interest it pays commercial banks on reserves held with it, Bundesbank President Joachim Nagel said on Friday, and keep open the option of further rate hikes as inflation remains too high. With lenders earning generous profits at the expense of the central bank, some policymakers have called on…
© Reuters. TORONTO – Gulf & Pacific Equities Corp., an Alberta-based real estate company, has reported a significant increase in its third-quarter revenues. The company, which focuses on shopping center properties in key rural Alberta communities, saw its revenues climb by 14.3% for the quarter ending September 30th, under International Financial Reporting Standards (IFRS). The reported revenue for the quarter reached $992,940, up from the revenue during the same period in the previous year. This growth is attributed to the rapid expansion of the communities Gulf & Pacific Equities serves, including Three Hills, St. Paul, and Cold Lake, which are…
BOGOTA (Reuters) – Colombia’s Constitutional Court has struck down part of a law that prohibited extractive companies from deducting royalties paid to the government from their taxable income, benefiting businesses and dealing a blow to government finances. The rule was included in a tax reform from the government of leftist President Gustavo Petro, which was approved by Congress and came into effect this year, as part of efforts to fund programs aimed at tackling poverty and inequality. “After the regulatory integration, the entire censored paragraph was declared unenforceable,” the court said in a statement late on Thursday. Colombia’s Finance Ministry…
SpartanNash declares $0.215 dividend
The stopgap spending bill Congress sent to President Biden late Wednesday prevented the federal government from shutting down as of 12:01 a.m. Saturday. But it is only a temporary reprieve, and lawmakers have considerable work to do before federal agencies again face the threat of running out of money beginning Jan. 19.The House and the Senate are far behind in advancing their annual spending bills, and House Republicans have encountered deep resistance to some of them from within their own ranks.Speaker Mike Johnson said this week that he would not push forward any more temporary funding fixes, putting pressure on…
Tesla is facing growing pressure in Sweden over its refusal to sign a collective wage agreement. Dockworkers, cleaners, and postal service workers are standing in solidarity with Tesla mechanics. The mechanics’ trade union is ramping up efforts after talks stalled again this week. 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 The labor dispute over Tesla’s refusal to sign a collective wage agreement in Sweden has escalated into a dramatic labor battle.Unions representing multiple industries announced this week that they would join the strike in solidarity…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in Sweden’s Volvo Cars were on track for their worst day ever on Friday after China’s Geely sold part of its shareholding in response to investor concerns about the automaker’s small free float.The Chinese carmaker is working to keep international investors on board as it pushes ahead with plans to float off various parts of its automotive empire.The company plans to list the electric vehicles arm of sports car brand Lotus through a Spac deal later this year, and has filed…
2/2 © Reuters. Argentine presidential candidate Sergio Massa of Union por la Patria party attends the presidential debate ahead of the November 19 runoff election, at the University of Buenos Aires’ Law School, in Buenos Aires Argentina November 12, 2023. Luis Robayo/Po 2/2 By Adam Jourdan and Horacio Soria BUENOS AIRES (Reuters) – Argentine voters are angry and afraid. Which is stronger will tip the balance of the South American country’s presidential election on Sunday and may reshape its diplomatic ties, economic future, and the wider region’s political fault lines. The country of some 45 million people will vote in…
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