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Tuesday, February 20, 2018
LONDON (Reuters) - Britain’s financial sector will be “the servant of industry not the masters of all” if the opposition Labour Party gets into power, its leader Jeremy Corbyn said on Tuesday, accusing bankers of taking the economy hostage. Corbyn, a socialist who has won over many voters...
The Human Rights Campaign believes that Amazon can be a powerful agent of positive change but knows the issue is complex. "Employees shouldn't have to worry about day-to-day lives, dry cleaning or apartment hunting," said Sarah Warbelow, the legal director at HRC. "We're certainly hopeful that wherever they...
The scandals rocking Latvia's banking system are the latest in a series of crises for the former Soviet state. Latvia's third-largest lender was left facing rapidly mounting problems Monday, after the U.S. Treasury accused it of money laundering and defying Western sanctions. Not only this, the head of the...
NEW YORK (Reuters) - Investors should brace for a possible replay of the 1987 stock market crash later this year, given this month’s slump came against the backdrop of Federal Reserve interest rate hikes and rising inflation, Scott Minerd, Global Chief Investment Officer at Guggenheim Partners, said on...
General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said. The restructuring...
The UK financial services regulator is working with a US counterpart to support financial technology (fintech) companies attempting to break into their respective markets. The Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) will work together to support companies in each of their fintech programmes. ...
Indian billionaire jeweller Nirav Modi has denied allegations that he was involved in a $1.8 billion loan fraud at Punjab National Bank (PNB), his lawyer told Reuters on Tuesday. Indian federal police have alleged that Modi and others conspired with several employees of the...
The world's biggest miner BHP Billiton reported a 25 percent rise in underlying half-year profit on Tuesday, helped by robust metals prices, and said its focus remains on cutting debt and boosting shareholder returns. BHP said its plan to sell its onshore U.S. shale assets,...
Kate Allen February 20, 2018 Companies seeking to raise green-labelled finance are avoiding the US market over fears that supposedly environmentally-friendly debt will not meet the country’s strict legal standards, which aim to protect investors from mis-selling.Much of the paperwork involved in raising a green bond — including environmental standards,...