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The Latest Breaking News on Financial Services

5 Stocks Investors Can Hold Onto Forever

Although the stock market remains highly volatile due to high inflation levels and the Fed’s aggressive monetary policy stance, analysts believe consumer prices will significantly decline in 2023. Moreover, the Fed also signaled slower rate hikes ahead. So, fundamentally strong stocks, AbbVie (ABBV), CSX Corporation (CSX), Waste Management (WM), Stellantis…

StockNews.com

Scammers target terminally ill Northern Ireland elderly man into paying out life savings

They repeatedly cold-calling at his door over a 10-day period

Belfast Live

Crypto lender BlockFi files for Chapter 11 bankruptcy protection

The crypto lender is the latest casualty of FTX's contagion

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

Why slower growth may be good for India

India’s annual economic growth is forecast to slow to about 6% for a few years, according to economists including from Goldman Sachs Group and Barclays.. And they say that’s not such a bad thing.

The Times of India

Bank credit grows at 17.2% in September quarter: RBI data

MUMBAI: Bank credit growth improved to 17.2 per cent in the September quarter 2022 from 7 per cent in the year-ago period, reflecting pick-up in economic activities.

The Times of India

GDP may print at 5.8% in Q2: SBI Research

MUMBAI: Citing a weak manufacturing sector coupled with the steep margin compression, SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 per cent, down 30 basis points from average estimates.

The Times of India

HMRC files petition to wind up former Sunderland shirt sponsor Great Annual Savings

Great Annual Savings said it is 'disappointed' in the move by the Government department

Chronicle Live

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HMRC in High Court bid to wind up Seaham energy broker Great Annual Savings

Great Annual Savings says the petition has come while it launches a restructure with help from two top business advisory firms

Birmingham Post

Full list of the 100 UK firms implementing a four-day working week

As much as 2,600 staff members across the country will benefit from the new work pattern

Manchester Evening News

Thousands sign petition calling for Michelle Mone to be expelled from House of Lords

TENS of thousands of people have signed a petition calling for Michelle Mone to be expelled from the House of Lords.

The National (Scotland)

Editorial: What the Weisselberg trial has revealed about the Trump Organization

Whether the Trump Organization is guilty of criminal fraud will be for a jury to determine. Already, its longtime chief financial officer, Allen Weisselberg, has pleaded guilty to 15 felonies. The question in a Manhattan courtroom is to what extent culpability extends to the company for which he worked (and…

Tribune News Service

Saudi Aramco's Luberef Set for IPO

Saudi Al-Ahli Tadawul announced a potential initial public offering (IPO) for one of Saudi Aramco's subsidiaries. Ahli Capital announced its capacity as the underwriting manager, financial advisor, institutional underwriting book manager, international coordinator, and underwriter of Citigroup Saudi Arabia, HSBC Saudi Arabia, and Morgan Stanley Saudi Arabia as the financial…

Asharq Al-Awsat

GCC’s Banks Gross Loans Reach $1.93 Trillion

The aggregate gross loans in the Gulf region reached a new record of $1.93 trillion, and the banking sector in the Gulf countries is witnessing the initial interest rate hike applied by the central banks in the Gulf Cooperation Council (GCC) countries consistent with the US Federal Reserve interest rate…

Asharq Al-Awsat

Cardiff office building closing in on full occupancy

Only on suite remains at the Wharton Place office building

Birmingham Post

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The Guardian - UK

North of England rail faces ‘utter chaos’, warns business group

Introduction of new timetable could lead to crisis, says Northern Powerhouse Partnership

The Guardian - UK

Scam attack on Ukrainian mother exposes flaw in UK bank safeguards

Woman who was conned out of £32,000 after she came to Britain was initially refused compensation because she used a debit card to transfer money from her account

The Guardian - UK

World trade slowing as economy weakens; UK retail sales slump; BT pay deal reached – business live

WTO’s trade goods barometer has fallen below trend as demand weakens

Caixin Global

Shanghai Composite Index Fell 0.75% on Monday

Shenzhen Component Index closed down 0.69%

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news in one place.

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Asharq Al-Awsat

Iraqi PM: Probe Recovers Part of $2.5B Embezzled from Taxes

Iraq's government said on Sunday it will recover part of nearly $2.5 billion in funds embezzled from the country's tax authority in a massive scheme involving a network of businesses and officials. Approximately 182 billion Iraqi dinars, or $125 million, of the stolen sum will be recovered through the seizure…

Bangkok Post

China Evergrande winding-up lawsuit again adjourned

HONG KONG: China Evergrande Group, the world’s most indebted developer, said it expects to receive restructuring support from offshore creditors by as early as February, helping its plea to adjourn a winding-up hearing again.

Wales Online

Four-day working week to be implemented by 100 UK firms

Around 2,600 workers will still be earning the same for working a day less

Bangkok Post

One-stop centre to spur FDI in the offing

The government is establishing a new one-stop service centre to stimulate foreign direct investment and outlays on international headquarters and regional offices.

AAP

NAB fraudster stays out of jail for now

Fraudster Helen Rosamond has been granted a short-term respite from jail after being found guilty of embezzling millions from the National Australia Bank.

ABC News

RBA Governor Philip Lowe apologises to Australians struggling with mortgages

Reserve Bank Governor Philip Lowe has apologised to Australians for giving them unclear guidance that led to hundreds of thousands taking out big mortgages in the expectation that interest rates would stay low until 2024.

Newcastle Herald

RBA governor 'sorry if people listened' to interest rate advice

"I'm certainly sorry if people listened to what we said and they acted on what we had said and now regret what they had done. So that's regrettable. I'm sorry that happened."

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