Companies found to have committed crimes will get reduced fines from the US Justice Department if they act to claw back compensation paid to executives and employees responsible for misconduct, Deputy Attorney General Lisa Monaco said.
Gary Gensler is stepping up warnings to asset managers about their use of predictive data analytics and how they work with digital-asset firms.
German Finance Minister Christian Lindner is faced with a shortfall of €12 billion ($12.7 billion) in his budget for next year, raising the prospect of a fight within the three-party ruling coalition over the allocation of funds.
A blaze that left nearly half of Argentina without power was probably sabotage, the government said.
Billionaire Oleg Deripaska said Russia could find its coffers empty already next year and needs investment from “friendly” countries to break the hold of sanctions on the economy.
Group of 20 foreign ministers failed to agree on language to describe Russia’s war in Ukraine during a two-day meeting in New Delhi, Indian Foreign Minister Subrahmanyam Jaishankar said.
Bank of England Chief Economist Huw Pill said the UK economy has proved “slightly stronger than expected” over the past month and wage growth stickier than thought.
Tesla Inc. is more focused on refining lithium than on mining the battery metal, Chief Executive Officer Elon Musk said, as the EV giant plans to begin refining production within a year.
(Bloomberg) — Salesforce Inc. surged by the most in almost three years after raising its forecast for profit margins and doubling stock buyback plans amid pressure from activist investors.
Hedge funds and proprietary trading firms are beefing up agricultural markets expertise by hiring traders as big swings in prices have made even relatively niche corners of commodities trading lucrative during the past year.
