(Reuters) – UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse’s accounts from 2024, the Financial Times reported on Sunday, citing people with knowledge of the decision. The size of the contract will require the Big Four accounting firm to call in staff from other countries…
By Kevin Buckland TOKYO (Reuters) – There was “no discussion” about exchange rates at a meeting of Group of Seven (G7) finance ministers and central bank chiefs, Japanese Finance Minister Shunichi Suzuki said on Sunday, according to Kyodo News. Suzuki was speaking after a meeting in India of the G7 – the U.S., Japan, Germany,…
In a recent discussion as part of the Amazon Advisor Call Series, Scott Devitt, an analyst at Wedbush, and eCommerce veteran Rick Watson, founder of RMW Commerce Consulting, speculated about a potential collaboration between Amazon.Com, Inc (NASDAQ:AMZN) and Shopify Inc (NYSE:SHOP). This possibility emerged from the backdrop of Amazon’s efforts to unlock more fulfilment…
By David Lawder and Aftab Ahmed GANDHINAGAR, India (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered. At a press conference before a meeting…
By John Revill ZURICH (Reuters) -A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians. The document means the investigating commission would hand over its files to the Swiss Federal Archives…
SYDNEY (Reuters) – Australian Treasurer Jim Chalmers said on Sunday that he expected the nation’s jobless rate to lift from near a 48-year low on the back of higher interest rates and slowing global growth. “As the Reserve Bank forecasts and the Treasury forecasts have inflation moderating over the coming months, they do have a…
BEIJING (Reuters) – A flurry of economic data from China on Monday is expected to show its post-pandemic bounce is quickly fizzling out, raising expectations that Beijing needs to unveil more stimulus measures soon to shore up activity and shaky consumer confidence. After a strong start to the year following the dismantling of tough COVID-19…
On the latest episode of Wall Street Insights, Cathie Wood, the financial mastermind behind Ark Invest, shared her unique perspective on the evolving world of AI technology stocks. This episode, aired on Friday, presented a captivating dive into Wood’s analytical thought process, unraveled in the course of a rich discussion with the host. Reflecting…
(Reuters) – Tesla built its first Cybertruck at the electric-vehicle marker’s plant in Austin, Texas, the company said in a tweet on Saturday, after two years of delays. Tesla founder Elon Musk introduced the pickup truck in a 2019 reveal where the vehicle’s designer cracked the vehicle’s supposedly unbreakable “armor glass” windows. The company has…
(Reuters) -A U.S. appeals court on Friday rejected the Federal Trade Commission’s request to pause Microsoft’s $69 billion purchase of “Call of Duty” maker Activision Blizzard. The decision removes one of the few remaining hurdles stopping Xbox maker Microsoft from closing the deal and expanding its gaming business. The FTC had also asked Judge Jacqueline…
