Potential Subway Deal Boosted by Financing Offer
The banks overseeing the sale of Subway have provided the private equity firms vying for the sandwich chain with a…
Fox Corp Settles Dominion Defamation Lawsuit
Fox Corp has settled the defamation lawsuit brought by Dominion Voting Systems for $787.5 million, avoiding a trial that would have put…
Aurubis No Longer Buying Copper From Russia
After letting supply contracts lapse, Aurubis AG, Europe’s largest copper smelter and manufacturer, no longer buys from Russia, its CEO…
Dollar Rebounds From One-Year Low
The dollar rebounded from a one-year low as resiliency in core US retail sales, an increase in short-term inflation expectations, and…
Oil Prices Fall on Concerns Over Recession
Oil prices have fallen following two days of gains, as investors remained concerned about a potential US recession and weakening…
Swiss Parliament Refuses to Approve Credit Suisse Rescue Package
Switzerland’s parliament has refused to approve the 109 billion Swiss francs ($120.5 billion) of financial guarantees used to rescue Credit…
Chinese Consumer Inflation Rises at Lowest Rate Since September 2021
Chinese consumer inflation rose at the lowest rate since September 2021 in March, as food prices fell, official data shows. The National…
Oil Prices Remain Steady as Investors Evaluate Tight Supplies
Oil prices have remained relatively unchanged, as investors evaluated the likelihood of tighter supplies from OPEC+ producers beginning in May against concerns…
Baidu Files Lawsuits Over Fake Apps
Baidu has filed lawsuits against “relevant” app developers and Apple over fake versions of its Ernie bot app available on…
US Bank Deposits Increase for First Time in Almost One Month
Deposits at US commercial banks increased for the first time in almost a month at the end of March, indicating stabilization…