New Jersey Democrats Approve Bill to Punish Towns Fighting Affordable Housing By Withholding State Grants and Financial Aid
NJ lawmakers give housing-compliant towns first shot at state grants Trenton, NJ – New Jersey’s Democrat lawmakers are making their point clear to municipalities across the state: build high density affordable housing,…
FirstEnergy Announces First Quarter 2022 Financial Results
Reports first quarter GAAP earnings of $0.51 per share and operating (non-GAAP) earnings of $0.60 per share, in line with guidance midpoint Building on transformational initiatives to deliver strong operational and financial…
China slowdown concerns dim Ray-ban maker EssilorLuxottica’s first quarter
By Juliette Portala (Reuters) -EssilorLuxottica’s shares slipped on Friday as a downturn in its China business overshadowed the French-Italian eyewear company’s overall better-than-expected first-quarter sales. The group, which makes sunglasses and spectacle…
Major French unions: current pay rise offer in logistics sector is unacceptable
PARIS – Major French trade unions said in a joint statement on Friday that a proposed pay rise for workers in the logistics sector was “unacceptable” and that they had ended wage…
Insmed to Host First Quarter 2022 Financial Results Conference Call on Thursday, May 5, 2022
BRIDGEWATER, N.J., April 21, 2022 — Insmed Incorporated (Nasdaq:INSM), a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases, today announced that it will…
Exclusive-Mexico’s Pemex under pressure to resume financial debt payments
By Ana Isabel Martinez and Anthony Esposito MEXICO CITY – Mexico’s cash-strapped state oil firm Petroleos Mexicanos (Pemex) is under pressure to resume financial debt repayments despite promises from President Andres Manuel…
Column-Returning to work but close to retirement? Adjust your plan
By Mark Miller (Reuters) – The Great Retirement is morphing into the Great Return, with the U.S. employment report for March, released earlier this month, showing a jump back into the labor…
China should set up carbon ‘connect’ scheme to woo foreign investors – expert
BOAO, China – China should launch a pilot “connect” market access programme for carbon with Hong Kong to enable foreign investors to enter the country’s fast-growing green finance sector, a leading Chinese…
Orleans Parish Financial Manager Charged with Embezzling Over $200,000
NEW ORLEANS, LOUISIANA – U.S. Attorney Duane A. Evans announced that KATIE LAROCHE, age 53, from New Orleans, was charged on April 19, 2022 with wire fraud, based on her embezzlement of…
Determinations committee says Russia in potential default on sovereign debt
LONDON -A derivatives panel has ruled on Wednesday that Russia could be in default after it failed to make a payment due on April 4 in U.S. dollars on two sovereign bonds,…
China exports to North Korea surge with edible oil, wheat flour in demand as trade resumes
BEIJING – China’s exports to North Korea surged in January-March with sales of edible oil, wheat flour and pharmaceutical compounds to its reclusive neighbour sky-rocketing after a COVID-induced pause, Chinese customs data…
Most financial institutions in Asia need until 2023 to scrap Libor benchmark
HONG KONG – Most financial institutions operating in Asia will take until next year to remove references to the Libor benchmark in loan agreements, an industry survey found, though most iterations of…
Ukraine conflict to test resilience of global financial system: IMF
By Pete Schroeder and Michelle Price WASHINGTON – Russia’s invasion of Ukraine has driven up financial stability risks “on several fronts” and will test the resilience of the global financial system at…
Balkans turns to coal as energy crisis trumps climate commitments
By Fatos Bytyci and Ognen Teofilovski OSLOMEJ, North Macedonia – Balkan nations in southeast Europe are turning to coal as they try to tackle a global surge in energy prices, raising fears…
Head of Credit Suisse China securities JV steps down
ZURICH – The head of Credit Suisse’s securities joint venture in China, Tim Tu, has stepped down to pursue other opportunities within the Swiss bank, a spokeswoman said. Daniel Qiu has been appointed…
China’s state asset regulator vows to ensure debt risks of centrally administered state firms controllable
BEIJING – China’s state asset regulator vowed on Tuesday to ensure that the debt risks of centrally administered state-owned enterprises are controllable. Peng Huagang, spokesman for the State-owned Assets Supervision and Administration…
Ships carrying Russian fertilizers find way to Brazil despite sanctions
By Ana Mano SAO PAULO – Despite concern that sanctions against Russia would cause a shortfall of fertilizer in Brazil, preliminary shipping data shows orders being fulfilled and vessels heading for Brazil,…
Brazilian government still undecided on public salaries, official says
By Marcela Ayres BRASILIA -Brazil’s government has not yet reached a decision over a salary increase for public servants this year, an official said on Monday, stressing that an across-the-board 5% wage…
China to step up financial support for industries hit by COVID outbreaks
BEIJING -China will step up financial support for industries, firms and people affected by COVID-19 outbreaks, the central bank said on Monday, as part of steps to cushion economic slowdown. Authorities will…
Alex Jones’ InfoWars files for bankruptcy in U.S. court
(Reuters) -Far-right wing website InfoWars on Sunday filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas in the face of multiple defamation lawsuits.…
Libya halts operations at El Feel oilfield, Zueitina port due to protests
BENGHAZI – Libya halted oil production from its El Feel oilfield on Sunday and two sources at Zueitina oil port said exports there had been suspended after protesters calling for Tripoli-based Prime…
Belarus bans EU-registered trucks from entering country
(Reuters) – Belarus on Friday announced a ban on trucks registered in the European Union from entering its territory, Interfax news agency quoted the transport ministry as saying. (Reporting by Reuters; Editing…
IDB board votes to probe allegations against chief Claver-Carone – sources
By Andrea Shalal and Cassandra Garrison WASHINGTON -The board of governors of the Inter-American Development Bank has approved a resolution to hire an outside firm to investigate allegations that IDB President Mauricio…
Former UBS Financial Advisor Pleads Guilty to Defrauding over $5 Million Dollars from His UBS Clients
Miami, Florida – German Nino, a former UBS Financial Advisor, has pled guilty in federal court in Miami to defrauding over $5 million from a family who maintained several accounts at UBS. …
UnitedHealth says deferred care demand not as high as feared, shares rise
By Amruta Khandekar and Bhanvi Satija (Reuters) -UnitedHealth Group Inc on Thursday modestly raised its 2022 profit forecast, saying demand for healthcare procedures deferred during the pandemic was approaching normal levels but…
Analysis – Sri Lanka bondholders brace for big losses in debt restructuring
By Jorgelina do Rosario and Karin Strohecker (Reuters) – Sri Lanka’s creditors face losing a third to half of their investment in the country’s dollar bonds, after the government announced it would…
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