Monday, 17 Jun 2024

Business

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Dangerous new scam that knows how to beat your email filters

Criminals are using security gaps in legitimate websites to sneak malicious links past your spam filters and into your inbox. The scam exploits a flaw in the sign-up forms of real companies online to trick email providers into allowing their dangerous links to get through. "At present, there’s no effective method users can employ to […]

Cairn founders plot €24m share sale

THE founders of Cairn Homes are planning to sell more than €24m of shares in the listed housebuilder. Chief executive Michael Stanley, his brother Kevin Stanley and financier Alan McIntosh have been the beneficiaries of a private-equity style “founder shares” scheme at the company, which sees them rewarded with sizeable chunks of shares if the […]

Standard Chartered to pay $1.1 billion for sanctions violations

WASHINGTON (Reuters) – Standard Chartered Plc has agreed to pay $1.1 billion to U.S. and British authorities for conducting illegal financial transactions that violated sanctions against Iran and other countries, government authorities announced on Tuesday. The settlement by the London-based bank is among the most severe imposed for sanctions violations, some of which occurred not […]

Boeing shareholders sue over 737 MAX crashes, disclosures

(Reuters) – Boeing Co’s legal troubles grew on Tuesday as a new lawsuit accused the company of defrauding shareholders by concealing safety deficiencies in its 737 MAX planes before two fatal crashes led to their worldwide grounding. The proposed class action filed in Chicago federal court seeks damages for alleged securities fraud violations, after Boeing’s […]

Levi Strauss revenue rises 7 percent in first post-IPO quarterly report

(Reuters) – Levi Strauss & Co posted a 7 percent rise in quarterly revenue on Tuesday in its first report after returning to public markets, as the jeans maker’s strategy of expanding its retail stores and investing in its online business paid off. The company’s shares rose nearly 2 percent to $22.25 after the bell […]

Wall Street falls on worries over trade, global growth

(Reuters) – U.S. stocks fell on Tuesday after President Donald Trump threatened to impose tariffs on European goods, while the IMF’s downbeat outlook for global growth added to worries about an economic slowdown stemming from trade disputes. Trade-sensitive industrial stocks were among the worst hit, dropping 1.02%, followed by losses in energy, materials and financials. […]

Share rally cools as Trump turns trade heat on Europe

NEW YORK (Reuters) – The dollar fell and the rally in global equities lost steam on Tuesday as a U.S. threat to slap tariffs on hundreds of European goods and a downgrade by the International Monetary Fund in its global economic growth forecasts dimmed the appetite for risk. The IMF warned that growth could slow […]

Standard Chartered to pay $1.1 billion for sanctions violations

WASHINGTON (Reuters) – London-based Standard Chartered PLC has agreed to pay U.S. and British authorities $1.1 billion over violations of sanctions on Iran and other countries, several government agencies said on Tuesday. The penalty, which resolves an investigation that began some five years ago, was split between the U.S. Department of Justice, the U.S. Department […]

Aramco gets whopping $100 billion demand for landmark bond

DUBAI (Reuters) – Orders for Saudi Aramco’s debut international bonds topped $100 billion on Tuesday, a record breaking vote of market confidence for the oil giant despite some investor concerns about government influence over the company. State-owned Aramco is expected to raise more than $10 billion from the deal, which will be priced later on […]