Italian energy group Eni expects to complete the sale of a minority stake in its biofuel unit Enilive by the end of 2024, Chief Executive Claudio Descalzi said on Monday.
Shein confidentially filed papers with Britain’s markets regulator in early June for a potential London listing, two sources said, as the online fast-fashion retailer moves ahead with what could one of the largest IPOs globally this year.
Women in the U.S. have saved just a third of the amount that men have set aside for retirement, setting up a potential crisis among female retirees, according to a Prudential Financial survey released on Monday.
As Credit Suisse fades into history following its takeover by UBS last year, global banks are expanding in Switzerland to take advantage of companies’ desire to spread their business.
Hit with Chinese tariffs, Australia’s wine industry struggled to offset the impact of falling exports despite scrambling to build new markets, source grapes from elsewhere and seek government help, industry executives said.
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said.
Futures for the S&P 500 and the Dow edged higher, while those tracking the Nasdaq were flat at the start of a week marked with a crucial inflation print that will shed further light on the monetary policy outlook.
As she heads toward retirement at the end of the month, Federal Reserve Bank of Cleveland President Loretta Mester still believes the central bank needs to remain open to active sales of mortgage bonds as part of its ongoing efforts to reduce the size of its balance sheet.
The U.S. Federal Reserve is due to release the results of its annual bank health checks on Wednesday at 4:30 p.m. ET (2030 GMT). Under the “stress test” exercise, the Fed tests big banks’ balance sheets against a hypothetical scenario of a severe economic downturn, the elements of which change annually.
