SYDNEY—The biggest bank in the U.S. will test anti-scam and mistaken payment technology created by Australia’s largest retail lender in an effort to make international transactions more secure. Fraudulent payments are an increasing threat for financial institutions, as criminals shift […]
June 10 (Reuters) – Elliott Investment Management called for leadership and board changes at Southwest Airlines (LUV.N), opens new tab after reporting a stake worth about $1.9 billion in the U.S. carrier, saying the company needs fresh perspectives to compete in the […]
BRUSSELS, June 10 (Reuters) – UAE telecoms group e&’s (EAND.AD), opens new tab bid for parts of Czech telecoms company PPF’s assets will be investigated on concerns it may be benefiting from distortive foreign subsidies, EU competition regulators said on Monday. The […]
There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy. Customers of fintech firms that used Synapse to link up with banks had $265 […]
ZURICH, June 10 (Reuters) – The Swiss National Bank’s supervisory board is in the final stages of deciding its candidate to replace outgoing Chairman Thomas Jordan, people familiar with the matter have told Reuters. The Bank Council is expected soon […]
BERLIN, June 10 (Reuters) – Investor morale in the euro zone rose for the eighth consecutive month in June, but economic recovery in the bloc is proceeding with difficulty, a survey showed on Monday. Sentix’s index for the euro zone […]
Shares of Saudi Arabia’s Aramco rose on Sunday following a stock sale that’s set to raise the state oil company around $11.2 billion. Shares were trading around 28.85 Saudi riyals ($7.69) on the Tadāwul Saudi stock exchange at 1:40 p.m. […]
Dubai firms have poured $2.1 billion into Morocco over the past decade, the President and CEO of Dubai Chambers exclusively told Arabian Business on the sidelines of a trade mission in Casablanca last week. This cements the emirate’s status as a preeminent […]
A solid headline profit for commodity trading giant Trafigura Group masked something unusual beneath the surface: a significant chunk of its customers have stopped paying. Trafigura was owed US$10.5 billion (S$14.12 billion) by trade debtors at the end of March, […]
A look at the day ahead in U.S. and global markets from Mike Dolan After a frenetic week of G7 interest rate cuts, new records for stocks, another scramble for AI and a wave of elections, world markets have frozen awaiting the U.S. employment report. […]
