Germany failed to do enough to avert the Wirecard fraud, the European Union’s markets watchdog said on Tuesday as it delivered a highly critical verdict on the country’s handling of…
Category: Business
Trump or Biden, investors expect a weaker dollar
The battered dollar’s long-term fortunes are unlikely to improve regardless of who wins Tuesday’s U.S. presidential election, investors and analysts said. Despite its recent bounce against a basket of currencies,…
Shares rally ahead of U.S. election, dollar steady
The dollar slid and global equity markets rose on Tuesday on bets of increased stimulus if Joe Biden wins the U.S. presidential election against President Donald Trump, but gold prices…
Saudi Aramco third-quarter profit slumps 44.6% as pandemic chokes demand
Saudi Arabian state oil giant Aramco 2222.SE on Tuesday reported a 44.6% drop in third-quarter net profit as the coronavirus crisis continued to choke demand and weigh on crude prices.…
Lenovo profit beats expectations, helped by remote working trend
China’s Lenovo Group, the world’s biggest PC maker, posted a better-than-expected quarterly profit on Tuesday and said it is continuing to benefit from “new normal” remote working after COVID-19. The…
Standard Life Aberdeen to toughen engagement process after Boohoo scandal
Asset manager Standard Life Aberdeen has overhauled its company engagement process after being burnt by a scandal at fast-fashion retailer Boohoo BOOH.L over allegations of poor working conditions at some…
Tired of Trump, Deutsche Bank wants out but sees no good options – sources
Deutsche Bank AG is looking for ways to end its relationship with President Donald Trump after the U.S. elections, as it tires of the negative publicity stemming from the ties,…