One of the two executives from Binance, the world’s largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday to face tax evasion and money laundering charges.
Conagra Brands topped Wall Street estimates for third-quarter revenue on Thursday, as demand for its pantry staples and frozen food items recovered with more consumers looking to eat at home, sending its shares up about 5% before the bell.
U.S. layoff announcements rose 7% in March to the highest since January 2023, led by technology and government-sector job eliminations, though cuts announced year to date are down 5% from a year ago amid a still-strong job market, a report out on Thursday showed.
Dealing with the extensive loan guarantees Italy provided to help businesses through the COVID-19 pandemic and energy crisis is proving complex, hampering efforts to fix some companies’ debt problems, restructuring experts said.
Japanese authorities will likely intervene in the currency market if the yen breaks out of a range it has been in for years and falls well below 152 per dollar, former top currency diplomat Tatsuo Yamazaki said on Thursday.
Austria’s Raiffeisen Bank International , the biggest Western bank in Russia, cannot give a timeframe for its contested deal to purchase a stake in Austria’s Strabag that was long held by a now sanctioned Russian tycoon, the bank’s chief executive said on Thursday.
Dan Ariens laid off workers, cut shifts, and halted nearly all hiring last summer after sales slumped at his company, best known for making bright orange snow blowers and lawnmowers sold around the world. Headcount fell 20% to 1,600 people, and he doesn’t see business improving until 2025.
Futures tracking Wall Street’s main stock indexes gained on Thursday as the latest economic report boosted the prospect of interest rate cuts by the Federal Reserve later this year, ahead of more data that could help ascertain the timing of the cuts.
The United States has not asked India to cut Russian oil imports as the goal of sanctions and the G7-imposed $60 per barrel price cap is to have stable global oil supplies while hitting Moscow’s revenue, an American treasury official said on Thursday.
