The Bank of England raised interest rates by a bigger-than-expected half a percentage point on Thursday after it said there had been “significant” news suggesting British inflation would take longer to fall.
Argentina will make scheduled payments totaling some $1.9 billion to the International Monetary Fund (IMF) on Wednesday, an economy ministry source said.
JPMorgan Chase said the U.S. Virgin Islands gave Jeffrey Epstein more than $300 million in tax incentives and waived sex offender monitoring requirements, shielding the disgraced late financier as he gave cash and gifts to top officials.
The Swiss National Bank raised its policy interest rate by 25 basis points on Thursday as the central bank pressed ahead with its campaign to dampen stubborn inflation and signalled that more tightening was likely to come.
Online retailer Overstock.com has won the auction for some assets of Bed Bath & Beyond, including the bankrupt home goods chain’s intellectual property and mobile platform, for $21.5 million, court filings showed on Thursday.
Deutsche Bank is mapping out cutting 10% of its 17,000 German retail jobs over the next few years, a person with knowledge of the matter said on Thursday.
German plastics and chemicals maker Covestro AG has rejected an initial takeover proposal from Abu Dhabi National Oil Co (ADNOC) saying the offer was too low, Bloomberg News reported on Thursday citing people familiar with the matter.
U.S. memory chip firm Micron Technology, Inc said on Thursday it would invest up to $825 million in a new chip assembly and test facility in Gujarat, India, its first factory in the country.
IT consulting firm Accenture forecast fourth-quarter revenue below Wall Street estimates on Thursday on worries that rising economic uncertainty will keep IT budgets tight and prevent businesses from signing fresh contracts.
Standing at a small booth among a row of other Japanese aerospace suppliers at the Paris Airshow, Yoko Konno is excited at the prospect of new orders for her company, but frowns at long delays to get titanium and the rising cost of chemicals.
