Switzerland Revises Liquidity Rules For Systemically Important Banks
BERLIN (Reuters) -The Swiss government on Friday announced new rules for the nation’s five major banks, requiring that they boost…
June 3, 2022
Yandex CEO Volozh Resigns After EU Sanctions
(Reuters) – Russian internet giant Yandex said on Friday Arkady Volozh has stepped down as CEO and left the board…
Euro Zone May Business Growth Robust But Outlook Darkens -PMI
LONDON (Reuters) – Euro zone business growth was robust in May but is at risk of a slowdown from soaring…
Bristol Myers Boosts Cancer Drug Portfolio With $4.1 Billion Turning Point Deal
(Reuters) -Bristol Myers Squibb said on Friday it would acquire drug developer Turning Point Therapeutics Inc for $4.1 billion in…
Walmart adding 4 fulfillment centers, more than 4,000 jobs
Walmart is adding four new fulfillment centers to its existing capacity, a move that will bring more than 4,000 jobs…
US has over 750 complaints of Teslas braking for no reason
DETROIT (AP) — More than 750 Tesla owners have complained to U.S. safety regulators that cars operating on the automaker’s…
More job gains point to a solid economy and Fed rate hikes
WASHINGTON (AP) — U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an…
Spirit Shareholders Should Approve Frontier Deal, Glass Lewis Says
By Svea Herbst-Bayliss BOSTON (Reuters) -Shareholder advisory firm Glass Lewis on Friday recommended Spirit Airlines investors approve Frontier Group Holdings…
U.S. Bond Funds Post First Weekly Inflow In Five Months
(Reuters) – U.S. bond funds attracted net inflows in the week to June 1, after five months of outflows, as…
Data puts Turkey’s annual inflation at 73.5%, a 24-year high
ANKARA, Turkey (AP) — Annual inflation in Turkey hit 73.5% in May, the highest rate since 1998, according to official…