Business News

Goldman feels the heat in Asia as IPO engine slows

Goldman Sachs CEO Confirms Thousands of Jobs will be Cut Starting January - Report

Apart from cutting 4,000 jobs, the bank is also considering cuts to its bonus pool of up to 40 per cent, reports said.

Dec 30, 2022

By Jacob J

Who is Lewis A Kaplan? Judge Who Oversaw Sex Abuse Claims Against Prince Andrew Assigned to Sam Bankman-Fried FTX Case

Known for swift decisions and no-nonsense demeanour, Judge Lewis Kaplan has been assigned to the FTX case after the original judge stepped down.

Dec 29, 2022

By Nandika Vinal Chand

Emerging Markets: After a Rough Year, What Investors Expect From Developing Economies in 2023

Analysts expect a sharp pick-up in consumption and investment in China from mid-2023 onwards.

Dec 28, 2022

By Reuters

Musk Renews Interest in Substack; Hits Out at Mainstream Media for 'Serving State Not People'

After the takeover of Twitter by Musk and the exit of top executives, independent journalist Matt Taibi released a series of reports on Substack, exposing the political agenda of Twitter's top leadership.

Dec 28, 2022

By Jacob J

Elon musk

US Probes How $370 Million Vanished in Hack After FTX Bankruptcy - Report

FTX filed for U.S. bankruptcy last month and Bankman-Fried stepped down as chief executive, after traders pulled billions from the platform in three days and rival exchange Binance abandoned a rescue deal.

Dec 28, 2022

By Reuters

Moscow Bans Oil Sales to European Nations That Enforce Price Cap on Russian Crude

As per the EU decision, buyer nations that sign the G7-led price cap agreement can buy sea-borne Russia crude only if it is priced at or below $60.

Dec 28, 2022

By Jacob J

Indian-Decent Bhavik Patel Of Albany Creek Establishes 3 Enterprises At Just 23

Bhavik Patel said My meaningful connections with other entrepreneurs, creators, and businesses have allowed me to hone my digital marketing skills, leading me to launch Synqronicity, a digital marketing agency

Dec 26, 2022

By IBT Desk

William Wang and his Co-founders host the event of the Piling ceremony of Tha Chang at DMK Avenue

DMK Avenue introduces the population to a new world of leisure, dining, shopping, and other services, ranging from authentic Japanese cuisine to the latest sales outlets.

Dec 26, 2022

By IBT Desk

eCommerce Entrepreneur Mouad Izegnane on Trusting Your Intuition and Making a Global Difference

Mouad Izegnane Today, Nirvasian operates order fulfillment services out of the Philippines but serves entrepreneurs and businesses all over the world

Dec 26, 2022

By IBT Desk

Russia Willing to Re-Start Gas Supplies to Europe Through Yamal Pipeline, Says Deputy PM

The Yamal-Europe Pipeline usually flows westward, but has been mostly reversed since December of 2021 as Poland turned away from buying from Russia in favour of drawing on stored gas in Germany.

Dec 26, 2022

By Reuters

More insider Revelations Expose Extent of Fraud at FTX as Bankman-Fried Awaits Trial

Caroline Ellison says she was aware that her actions in collusion with Bankman-Fried amounted to willfully hiding the illegal loan transaction from FTX investors, lenders and customers.

Dec 24, 2022

By Jacob J

Who are Barbara Fried and Joseph Bankman? Wealth of SBF Parents in Focus; Probe Into Crypto Scam Involvement After Historic $250 Million Bail Bond

The parents of Sam Bankman-Fried are feeling the heat of the ongoing investigations into the collapse of FTX now that they signed the $250 million bond for their son.

Dec 23, 2022

By Nandika Vinal Chand

apple backs bain capital in toshiba chip business acquisition

Toshiba Buyout: Preferred Bidder Finalising $10.6 Billion Financing to Take Tech Giant Private

The deal is expected to cost at least 2.2 trillion yen, with financial services group Orix Corp, chipmaker Rohm Co Ltd and Japan Post Bank among the Japanese companies likely to join JIP in its bid.

Dec 23, 2022

By Reuters

Who is Gary Wang? MIT Graduate Who Worked at Google Met Sam Bankman-Fried at Camp for Gifted Mathematicians

Gary Wang, one of the top executives at the now-collapsed FTX, played an active role in a scheme to misuse FTX customer assets and increase the price of FTT tokens.

Dec 22, 2022

By Nandika Vinal Chand

Diego Granese: Transfer Leader In Dubai!

If you need to defiscalise and want to open your company in Dubai where there is no corporate or personal taxation, turning to Diego Granese and the Billionaire Group may be the best choice for you

Dec 22, 2022

By IBT Desk

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