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,…
Argentina wants China to fully fund $8.3 billion nuclear plant amid cash shortfall
By Eliana Raszewski LIMA, Argentina – Argentina is pushing China to fully finance a new $8.3 billion nuclear power plant in the country, as the government grapples with high debt levels and…
Spain to launch financial consumers’ protection authority
MADRID – Spain is planning a consumer protection authority which aims to ensure banks and other financial institutions meet obligations towards customers, responding to complaints of unfair mortgage lending, and financial exclusion,…
Climate scientists’ message to the financial world: dig deeper
By Simon Jessop and Ross Kerber LONDON – The world is awash with money, yet spending nowhere near enough to prevent extreme climate change. As time runs out, urgent policy intervention is…
UnitedHealth, Change Healthcare extend closure of merger deal by 9 months
(Reuters) -UnitedHealth Group Inc and Change Healthcare have agreed to extend the closing date of their merger by another nine months to Dec. 31, the companies said on Tuesday, more than a…
Bulgaria cuts 2022 growth forecast to 2.6% from 4.8% amid war
SOFIA – The Russian invasion of Ukraine and sanctions against Russia are likely to put the brakes on Bulgaria’s economic growth this year and keep annual inflation in double digits, the finance…
Verizon unit TracFone reaches $13.4 million U.S. false claims settlement
By David Shepardson WASHINGTON -TracFone Wireless agreed to a $13.4 million settlement to resolve false claims allegations in connection with the Federal Communications Commission’s (FCC) low-income subsidy program, the U.S. Justice Department…
VC firm Sequoia Capital names Botha as global leader
(Reuters) – Venture capital giant Sequoia Capital said on Monday Roelof Botha will take on the firm’s global leadership position, stepping into the role of senior steward from July 5. Veteran investor…
Russia, China woes risk worst EM corporate default wave since financial crash – JPMorgan
By Marc Jones LONDON – JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s ongoing property crash could see the worst wave of corporate defaults since the global…
Peru suspends some fuel taxes to fight price surge
SANTIAGO -Peru’s ministry of economy and finance announced on Sunday that it would suspend taxes on the country’s most consumed fuels to fight surging prices caused by the Russia-Ukraine conflict. The measure…
Ukraine’s gold and forex reserves stand at $29 billion, says official
(Reuters) – Ukraine’s gold and foreign currency reserves stand at $29 billion, the same level as before Russia’s invasion thanks to external financial support, the president’s economic adviser Oleh Ustenko said on…
Russia trades accusations with Ukraine on drifting Black Sea mines
(This March 31 story was refiled to remove picture) LONDON – Russia accused Ukraine on Thursday of laying hundreds of mines near its coast and said some were drifting into open waters…
CEO of Germany’s Cewe ‘massively obstructed’ diversity -board
FRANKFURT – Christian Friege, chief executive of German photo service provider Cewe, obstructed diversity and the appointment of a woman as a board member, the company’s board of trustees said on Friday.…
Mutual of America Financial Group Names Jason D’Angelo as Executive Vice President and Deputy General Counsel
In his role, D’Angelo will be engaged with all legal issues involving Company and subsidiary operations, including pension and employee benefit products and services, corporate finance and investments, human resources and litigation…
Capital One Financial Corporation to Webcast Conference Call on First Quarter 2022 Earnings
MCLEAN, Va., April 1, 2022 — On Tuesday, April 26, 2022, at approximately 4:05 p.m. Eastern Time, Capital One Financial Corporation (NYSE: COF) will release its first quarter 2022 earnings results. Additionally, the…
Australia’s central bank gets first female deputy governor
SYDNEY -The Australian government on Friday appointed a woman as second in command at the country’s central bank, the first female to hold the position in the bank’s 62-year history and a…
Russian invasion, crypto trading drive ‘tail risks’ for U.S. banks -regulator
By Pete Schroeder WASHINGTON – A top U.S. banking regulator told banks on Thursday to be more vigilant about guarding against unlikely but extreme risk as Russia’s invasion of Ukraine and the…
Activision CEO’s meeting with options trader under U.S. probe – WSJ
(Reuters) – U.S. authorities are investigating whether an options trade in Activision Blizzard Inc violated insider-trading laws as it followed a meeting between CEO Bobby Kotick and one of the traders, the…
New Russian airliner will use domestic engines, given sanctions – official
(Reuters) – One of Russia’s flagship airliner projects, the Irkut MS-21, will use domestic engines given that sanctions mean U.S. models are no longer available, the RIA news agency cited a senior…
Oman to use surplus from higher oil prices to reduce public debt
CAIRO – Oman expects to reduce its public debt to 19.46 billion Omani riyals by using the surplus arising from selling oil at higher prices and repaying some loans by end of…
California pension leader pushes for more women on boards, climate data
By Ross Kerber (Reuters) – One of California’s big pension funds said on Wednesday it will push companies to add more women to their boards and to disclose more about their carbon…
Mexico finance panel notes risk of credit rating action on sovereign, Pemex
MEXICO CITY – Mexico’s financial stability council said on Wednesday that there is risk of credit rating action on the ratings for the sovereign and state oil firm Petroleos Mexicanos (Pemex). The…
U.S. regulator joins effort to press banks to gauge climate-linked financial risks
By Pete Schroeder WASHINGTON – A second U.S. banking regulator has laid out how it thinks banks should guard themselves against risks emanating from climate change. On Wednesday, the U.S. Federal Deposit…
Billionaire investor launches board fight at Athira, wants CEO replaced
By Svea Herbst-Bayliss BOSTON -Billionaire investor Richard (Ric) Kayne is seeking two board seats at Athira Pharma, arguing the biotech company needs a new chief executive officer to successfully guide its development…
New York man admits to insider trading following takeover tip
By Luc Cohen NEW YORK – A New York City man pleaded guilty on Tuesday to insider trading and tax evasion charges for purchasing securities in chemical manufacturer Ferro Corp after learning…
Manulife to open all Canada offices for staffers from April 25 -memo
(Corrects first paragraph to say that return to office is regardless of vaccination status) (Reuters) – Canadian insurer Manulife Financial Corp said on Tuesday that employees can return to its offices across…
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