US credit card debt declined in early 2023 at a slower pace than it typically does in the first quarter of each year, as high prices continued to put pressure on household budgets, according to a new report.
Abu Dhabi-based International Holding Co., which has invested almost $2 billion in companies owned by Gautam Adani, doesn’t plan to take part in any potential share sales if the Indian billionaire decides to tap equity markets.
A London finance boss who was accused of defrauding investors of more than £50 million ($63 million) through an alleged foreign-exchange Ponzi scheme has acted like an “entitled man-child” but isn’t a criminal, according to his lawyers.
PacWest Bancorp said deposits fell 9.5% last week after a news report that the lender was in talks with potential investors. Shares of the regional bank slumped.
Adidas AG’s new Chief Executive Officer Bjorn Gulden said a sale of Yeezy products may be coming after several non-governmental organizations advised the sports apparel maker against incinerating them.
Prime Minister Rishi Sunak is at risk of failing to meet his promise to halve UK inflation by the end of this year because prices are proving more sticky than expected, a former Bank of England rate-setter said.
Russia’s budget gap surged in the first four months of the year, exceeding the full-year target as spending surged amid the war in Ukraine and energy revenues plunged under pressure from sanctions and other restrictions.
Abcam Plc founder Jonathan Milner is pushing for better performance at the biotechnology supplier he started 25 years ago.
Hedge funds positioned for a sharp slump in global equities have become too pessimistic and might have to turn bullish if stocks keep rallying, in turn sending the market even higher, Societe Generale SA strategists say.
Anti-abortion politicians and activists are coalescing around early gestational limits that providers say could deny care to up to 90% of patients
