Business

[1/2] A view of the Russian oil cargo Pure Point, carrying crude oil, is seen anchored at the port in Karachi, Pakistan June 11, 2023. REUTERS/Karachi Port Trust/Handout via REUTERSJune 11 (Reuters) – (This June 11 story has been refiled to correct the reporter’s name)Pakistan’s Prime Minister Shehbaz Sharif on Sunday said the first cargo… […]

June 10 (Reuters) – Crispin Odey, one of Britain’s best-known hedge fund managers, is leaving Odey Asset Management following allegations of sexual misconduct, the firm’s executive committee said on Saturday.The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations by 13 women that Odey had sexually assaulted or harassed them over a… […]

June 10 (Reuters) – Credit Suisse Group AG (CSGN.S) Chief Executive Ulrich Koerner has indicated that the emergency takeover of the bank by UBS AG (UBSG.S) will close on Monday, Bloomberg News reported on Saturday, citing an internal memo.”While Monday brings to an end this chapter in our history, it is also the beginning of… […]

NEW YORK/LONDON, June 10 (Reuters) – Crispin Odey, one of Britain’s best-known hedge fund managers, will be leaving the company he founded, Odey Asset Management, following allegations of sexual misconduct, the firm’s executive committee said on Saturday.The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations by 13 women that Odey had… […]

[1/5] A Thai Airways aeroplane is seen after making contact with Eva Air aeroplanes at Haneda Airport, in Tokyo, Japan, June 10, 2023, in this photo released by Kyodo. Mandatory credit Kyodo via REUTERSTOKYO, June 10 (Reuters) – Some flights were delayed at Tokyo’s Haneda airport on Saturday after two planes appeared to have collided… […]

[1/2] Giant tortoises are seen in Floreana Island at Galapagos National Park, Ecuador, October 8, 2016. REUTERS/Nacho Doce/File PhotoEcuador scored $1.1 billion Galapagos conservation debt swapRecord deal has sparked clamour among other countriesA multi-country debt swap seen as next big milestoneLONDON, June 9 (Reuters) – The record $1.1 billion debt-for-nature swap Ecuador just pulled off… […]

June 9 (Reuters) – Daily U.S. sign-ups for Netflix (NFLX.O) have jumped in the first few days after the streaming giant’s password-sharing crackdown came into effect on May 23, data from research firm Antenna showed.The news sent shares of the company up 2.3% to $418.92 in early trading.Looking for new ways to make money in… […]

June 9 (Reuters) – Traders who have sold Tesla Inc (TSLA.O) shares short have lost about $6.08 billion on a mark-to-market basis during the electric car maker’s current winning streak, according to the latest data from S3 Partners.Tesla’s current rally, which will span 11 sessions if it closes Friday’s session higher, has the stock up… […]

NEW YORK, June 9 (Reuters) – Stephanie Cohen, the head of Goldman Sachs Group Inc’s (GS.N) fintech unit called Platform Solutions, is taking a leave of absence for family reasons, she said in a memo to staff seen by Reuters.”The past year has brought some challenges for my family,” Cohen said in the memo. “While… […]

June 9 (Reuters) – The Biden administration on Friday announced it would impose inflation penalties on 43 drugs for the third quarter of 2023, having fined 27 earlier this year, in a move it said would lower costs for older Americans by as much as $449 per dose.Drugmakers hiked the price of these 43 drugs… […]