Fed keeps rates steady, toughens policy stance as ‘soft landing’ hopes grow
The US Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in...
International
US SEC charges investment firm linked to Russian billionaire
The US Securities and Exchange Commission (SEC) on Tuesday charged Concord Management and its owner with failing to register with regulators while operating as an...
Volvo to end diesel car production by early 2024
Volvo Cars (VOLCARb.ST) said on Tuesday that it will end production of any remaining diesel models by early 2024 as it heads towards becoming an...
Hackers who breached casino giants MGM, Caesars also hit 3 other firms, Okta says
Hackers who breached casino giants MGM Resorts International (MGM.N) and Caesars Entertainment (CZR.O) in recent weeks also broke into the systems of three other companies...
In EV battle, Toyota bets on new technology and old-school thinking
At factories in Japan’s industrial heartland, Toyota (7203.T) has turned to self-propelled assembly lines, massive die casting and even old-fashioned hand polishing as it aims...
Societe Generale vision falls flat as Europe’s banks falter
Societe Generale’s (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a...
Focus on Cyprob in New York, UNSG-Erdogan meeting deemed ‘pivotal’
President Nikos Christodoulides will meet on Tuesday with the President of the European Council to discuss efforts towards reviving Cyprus talks, while the issue will...
Deutsche Bank to hold crypto for institutional clients
Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients’ cryptocurrencies and tokenised assets, Taurus said in a statement...
Alibaba tells Erdogan it plans to invest $2 billion in Turkey
Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK) has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president...
President to participate at opening of the SDG Summit in New York
President Nikos Christodoulides will participate on Monday, in New York, in the opening segment of the Sustainable Development Goals (SDG) Summit. The political forum on...
