Investors sought out the safety of the dollar and sold the euro on Thursday, as fears over further interest rate rises and slowing global economic growth stalked markets. The dollar index, which measures the strength of the US currency against a basket of six others, rose 1 per cent to 104.83 points, a level it … Read more
Regarding the composition of the board of directors of the new OAR, it was proposed that Tim Hodgson, a former leader in the financial services sector and current chairman of the board of Hydro One, act as president. He will sit on the board as an independent administrator. The board of directors of the new … Read more
Disney (DIS) reported second quarter financial results after the bell on Wednesday that missed on both the top and bottom lines, although net additions for its fledging streaming platform Disney+ came in at 7.9 million, well above estimates of 4.5 million. The surprise upswing caused shares to climb as much as 5% in after-hours trading; … Read more
Twitter chief Parag Agrawal faces a potential investor revolt over his $ 30.4mn pay package at the company’s annual meeting later this month, after the two biggest shareholder advisers recommended voting against his remuneration plan. Both Institutional Shareholder Services and Glass Lewis raised concerns about the design of pay packages at the social media company, … Read more
U.S. investment fund Tiger Global has lost $ 17 billion since the beginning of the year. An unprecedented turnaround for one of the champions of investments in the tech sector that speaks volumes about the state of the market and, more generally, the economy. One of the biggest stars of finance – a speculative fund … Read more
Wolters Kluwer launches OmniVault for Real Estate Finance technology solution By Joy Dumasia Today Digital Lending Equity Loans Europe Wolters Kluwer Compliance Solutions has launched its OmniVault for Real Estate Finance solution. OmniVault for Real Estate Finance uses the company’s industry-leading, multi-award winning eVault technology to support digital home equity lending, both HELOCs and home … Read more
Instacart, the grocery delivery app that saw an explosion in demand during the coronavirus pandemic but recently cut its internal valuation by 38 per cent, said it had submitted its confidential filing to go public. The company did not offer any indication of timing for its debut, though executives had previously signaled that a float … Read more
(Ecofin Agency) – On November 2022, the 27thème an international climate conference will be held in Egypt to focus on decisions made by governments, in the context of the energy transition. Meanwhile, Côte d’Ivoire is hosting another conference also dedicated to ecology. A business forum on climate finance was held on Tuesday, May 10 in … Read more
As a result, the federal and provincial governments have all seen an improvement in their deficit estimates for 2021-2022, but Desjardins found that the use of these tax men by the governments varied greatly. Some have chosen to put a side in anticipation of more difficult periods, while others have spent it all. Desjardins expect … Read more
The writer is senior fellow at the Institute on Race, Power, and Political Economy at The New School Few things frighten US policymakers as much as losing to China in the race for global economic supremacy. Now this battle is being fought in the arena of currency: last year, the Chinese government launched a central … Read more
