For a decade, audit firm KPMG had stamped Hyflux’s annual reports with a clean bill of health, attesting to the water treatment company’s ability to continue to operate. But with the company now facing the possibility of liquidation after a scuppered restructuring deal on Thursday, its shareholders and investors are asking why auditors failed to […]
Another year of Brexit headlines lies ahead after both the UK and EU signalled an extension is now the only way forward. The move will have major implications for the European election in May as Ireland was to get two extra seats in Brussels. British Prime Minister Theresa May has formally asked for a new […]
Nearly a million older people are one big bill away from financial ruin, a charity is warning. Many pensioners on low, fixed incomes spend extra on health items, heating and travel due to illness, disability, insecure or poor housing and living far from their families. This leaves them with less cash for food and none […]
CHICAGO/SEATTLE (Reuters) – Boeing Co plans to cut its monthly 737 production by nearly 20 percent as it works to manage the grounding of its MAX aircraft in the wake of two deadly crashes, Chief Executive Officer Dennis Muilenburg said on Friday. Deliveries of Boeing’s best-selling aircraft were frozen after a global grounding of the […]
WASHINGTON (Reuters) – The World Bank’s executive board unanimously approved David Malpass, the U.S. Treasury Department’s top diplomat, as the bank’s next president, continuing the 73-year tradition of an American leading the development lender. The bank said that Malpass, the Treasury’s undersecretary for international affairs, will start his new role on Tuesday as the World […]
NEW YORK (Reuters) – U.S. stocks rose on Friday, boosted by better-than-expected job growth in March, which eased concerns of an economic slowdown that have periodically roiled financial markets over the past year. The gains put the benchmark S&P 500 on track to close higher for seven trading days in a row, which would be […]
President Trump on Friday called on the Federal Reserve to cut interest rates and take additional steps to stimulate economic growth, his latest attempt to put the traditionally independent central bank under his thumb. Speaking to reporters before traveling to the southern border, Mr. Trump once again criticized the Fed’s interest rate increases in 2018, […]
(Reuters) – Shares of ride-hailing company Lyft Inc rose as much as 4 percent on Friday, setting the stock for its best day since its market debut last week, after short-seller Citron Research advised investors to hold on to the stock. The number of active Lyft riders has surged fivefold to 18.6 million in the […]
ATLANTA — A few years ago, Mark Begor checked his credit report, as befits a corporate executive with proper personal finance hygiene. It was filthy. There was a notation about a Kirby vacuum purchase that he had not made and a credit card that was not in his wallet. Later, he found out about a […]
STOCKHOLM (Reuters) – Swedbank Chairman Lars Idermark has quit only a week after the lender’s chief executive was ousted over her handling of a money laundering scandal, saying the controversy threatened to distract from his role as head of forestry group Sodra. The bank, Sweden’s biggest mortgage lender, had fired its CEO Birgitte Bonnesen last […]