Monday, 30 Sep 2024

Business

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World stocks firm as stimulus fuels economic optimism

TOKYO (Reuters) – Global stock prices were off to a solid start while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S. economic growth will accelerate after the passing of a massive stimulus package.FILE PHOTO: A man wearing a protective face mask walks past a screen displaying a graph showing […]

World stocks firm as stimulus fuels economic optimism

TOKYO (Reuters) – Global stock prices were off to a solid start while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S. economic growth will accelerate after the passing of a massive stimulus package.FILE PHOTO: A man wearing a protective face mask walks past a screen displaying a graph showing […]

Danone board ousts Faber as chairman after activist pressure

PARIS (Reuters) – The board of French food group Danone on Sunday voted to oust Emmanuel Faber as chairman, Le Figaro newspaper reported, as the group tries to draw a line under a management crisis and growing pressure from shareholders.FILE PHOTO: Emmanuel Faber, chief executive officer of French food group Danone, poses before a news […]

Recharging Asean's approach to climate transition

SINGAPORE – Covid-19 has had a devastating toll on Asean economies but it’s easy to forget that another crisis looms – climate change – to which the region is deeply vulnerable. While all Asean members have made Paris pledges, implementation has not been easy with huge infrastructure and funding gaps. If nothing is done, the […]

Powerful German Editor, Accused of Misconduct, Takes Leave

The editor in chief of Bild, Europe’s largest newspaper and an influential force in German politics and society, has taken a leave of absence while a law firm conducts an investigation into accusations made against him, the publication’s owner said. Julian Reichelt, the editor, denies accusations of misconduct, Axel Springer, Bild’s publisher, said in a […]

Whistle-Blower Says Credit Suisse Helped Clients Skip Taxes After Promising to Stop

Seven years after Credit Suisse promised federal prosecutors that it would stop helping rich Americans hide their wealth from tax collectors, a whistle-blower is contending that it continued to do just that, raising the possibility that the Swiss bank could face a fresh investigation and steep financial penalties. The allegations, laid out in documents sent […]

Indonesia's draft finance law seeks to limit central bank autonomy

JAKARTA (BLOOMBERG) – Indonesia is pursuing another attempt at increasing government influence in the decision-making and operations of its central bank, as well as expanding its ability to fund public debt, according to a draft legislation to be discussed in parliament. A proposed omnibus financial sector reform bill would require Bank Indonesia to take into […]

The Other Kushner’s Next Move

The DealBook newsletter delves into a single topic or theme every weekend, providing reporting and analysis that offers a better understanding of an important issue in the news. If you don’t already receive the daily newsletter, sign up here. For most of its 12 years, Thrive Capital has been known as a fast-growing venture capital […]

Myanmar’s Defiant Garment Workers Demand That Fashion Pay Attention

Ma Moe Sandar Myint is the leader of one of Myanmar’s largest garment worker unions. Until recently, the 37-year-old mother of three and former sewing machine operator would spend her days representing workers with labor complaints and helping members of the Federation of Garment Workers Myanmar unionize their factories. But her life changed Feb. 1, […]