BusinessEconomy Georgian billionaire wins $926 million from Credit Suisse after fraud The Cheap InvestorMay 26, 2023May 26, 20230 By John Revill ZURICH (Reuters) -Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister on Friday…
BusinessEconomy Marvell’s shares get AI boost a day after Nvidia’s surge The Cheap InvestorMay 26, 2023May 26, 20230 (Reuters) – Shares of Marvell Technology soared about 23% on Friday after the chipmaker became the latest to project a…
BusinessEconomy Exclusive-Deutsche Bank used big trades to raise cash in March turmoil -sources The Cheap InvestorMay 26, 2023May 26, 20230 By Francesco Canepa and Tom Sims FRANKFURT (Reuters) – As banks came under mounting pressure in March, Deutsche Bank used…
BusinessEconomy Tear gas taints the air as TotalEnergies AGM rejects climate activist resolution The Cheap InvestorMay 26, 2023May 26, 20230 By Benjamin Mallet and America Hernandez PARIS (Reuters) – TotalEnergies shareholders rejected an activist resolution on Friday urging faster cuts…
BusinessEconomy Pharmacy chain Walgreens Boots Alliance to cut corporate jobs by 10% The Cheap InvestorMay 26, 2023May 26, 20230 (Reuters) – Walgreens Boots Alliance Inc said on Friday it would slash its corporate staff by about 10%, as it…
BusinessEconomy Sanctions, pressure on foreign banks destabilising Russia’s FX market -central bank The Cheap InvestorMay 26, 2023May 26, 20230 By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Pressure on foreign banks operating in Russia and the widening scope…
BusinessEconomy Russian central bank plays down impact of foreign company exits The Cheap InvestorMay 26, 2023May 26, 20230 By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Only five transactions involving foreign companies selling assets in Russia since…
BusinessEconomy OpenAI CEO’s threat to quit EU draws lawmaker backlash The Cheap InvestorMay 26, 2023May 26, 20230 By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) -For months, Sam Altman, CEO of Microsoft-backed OpenAI has urged lawmakers around…
EconomyElections Analysis-Turkish lira’s long decline a symbol of strife The Cheap InvestorMay 26, 2023May 26, 20230 By Marc Jones and Nevzat Devranoglu LONDON/ANKARA (Reuters) – As Turkey’s lira hit a record low ahead of the country’s…
BusinessEconomy As US credit risk looms, former S&P officials see 2011 downgrade as vindicated The Cheap InvestorMay 26, 2023May 26, 20230 By Pete Schroeder WASHINGTON (Reuters) -As the United States stares at the risk of a credit downgrade, former Standard &…