Business News

Special Report: How Binance CEO and Aides Plotted to Dodge Regulators in US and UK

New reporting by Reuters reveals fresh details about Binance's strategy for keeping regulators at arm's length and continuing disarray in its compliance programme.

Oct 17, 2022

By Reuters

China Property Financing Vehicles Run Up $8 Trillion Debt and Stare at Default

Bonds issued by the local government financing vehicles (LGFV) are at risk of defaulting in the aftermath of a sustained decline in the real estate sector.

Oct 17, 2022

By Jacob J

Credit Suisse Looks to Sell Large Chunks of Domestic Assets to Raise Capital - Report

The Financial Times reported that the bank is looking to sell a stake in the SIX Group, a stake in Madrid-based tech company Allfunds, and the stakes in two specialist Swiss banks.

Oct 16, 2022

By Jacob J

Webociti : One and only firm for all those that seek valuable digital marketing solutions and services

Webociti said I work closely with business owners to develop a marketing plan to boost their business growth

Oct 16, 2022

By IBT Desk

Will oil price stay higher after Opec-Russia output reduction?

Opec Output Cut will Alone Push Global Economy Into Recession, IEA Warns

The steep output reduction was shocking to the US, which accused Opec of colluding with Russia.

Oct 14, 2022

By Jacob J

Igal Ahouvi - Prominent Businessman and Art Collector or Troublemaker?

Igal Ahouvi had partnered with 3 Israeli entrepreneurs on a timeshare tourism project based in Vietnam

Oct 14, 2022

By IBT Desk

A man walks past a Singapore Airlines signage at Changi Airport in Singapore

Singapore Airlines Eyes Stake in Air India; Tie-Up With Tata Group Airlines Will Challenge Gulf Carriers

India's Tata Group now controls three airlines -- Air India, Vistara and Air Asia India.

Oct 13, 2022

By Jacob J

Benefits of outsourcing overseas, according to BruntWork's Winston Ong

Winston Ong said One of the most significant benefits of outsourcing labour overseas is that it can save businesses a significant amount of money.

Oct 13, 2022

By Adrian John Ignacio

Credit Suisse Shares Plunge as Legal Challenges Dent Recovery Plan

Shares dropped on news that the US Justice Department is investigating if Credit Suisse helped its US customers hide hundreds of millions of dollars.

Oct 13, 2022

By Jacob J

From the Trenches to the Boardroom: RivX CEO's Fascinating Journey

Antonio Rivodo says No one's saying be a pushover, but understand that others have already accomplished what you are trying to accomplish. Be grateful for the knowledge and be bold in your mission to accomplish the same

Oct 12, 2022

By IBT Desk

Johnny Moseley Brings Former Sheriff's Deputy on Board to Overhaul Training Program

Johnny Moseley said The only thing that stood between me and my aim of $1bn annual revenue is having trained field supervisors and labor crews

Oct 12, 2022

By Vivienne Benitz

More Trouble for Credit Suisse; Manhattan Court Starts Trial in Forex Market Rigging Case

The lawsuit says Credit Suisse traders shared nonpublic pricing information with traders in other banks and colluded to fix prices in the foreign exchange market.

Oct 12, 2022

By Jacob J

Will China Overtake the US as the World's Largest Economy Ever? It's Unlikely; Not Any Time Soon, Anyway

If the current Covid policy stays in place, China GDP growth will be pushed back to below 3 percent levels.

Oct 11, 2022

By Jacob J

Jamie Dimon's Recession Fixation: Latest Warning Comes After Robust Jobs Data

Dimon's latest recession warning came after data showed hiring was happening at a brisk pace and unemployment was at a half-century low even as average pay increased. This does not exactly look like a perfect recipe for a recession.

Oct 11, 2022

By Jacob J

Netflix Revenue From Ads to Zoom to $2.65 Billion, New Model to Have 22 Million Subscribers - Report

On Monday, Netflix shares closed at$229.98, compared with $587.37 at the beginning of the year.

Oct 11, 2022

By Jacob J

Netflix

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