Author: IA PressRoom

Qudian Non-GAAP EPADS of $0.26, revenue of $3.2M

Silvio Berlusconi, the former prime minister of Italy, was reported dead Monday. He was 86. Berlusconi had been in hospital being treated for blood cancer. As well as being Italy’s longest-serving PM, he was synonymous with scandal and sex parties. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Silvio Berlusconi, the long-serving former prime minister of Italy whose name became synonymous with scandal, is dead at age 86, reports said Monday.Italy’s respected Correra della Sera newspaper reported his death on Monday morning. Many other…

© Reuters. FILE PHOTO: The logo of Swiss Financial Market Supervisory Authority FINMA is seen outside their headquarters in Bern, Switzerland April 5, 2016. REUTERS/Ruben Sprich ZURICH (Reuters) – Swiss financial regulator FINMA has specified the central elements of its regulatory requirements for the merged UBS and Credit Suisse, it said on Monday. The regulator also said it “welcomes UBS’s strategic focus, which foresees a rapid reduction of risk in investment banking,” in a statement after UBS formally completed its emergency takeover of its stricken rival. FINMA said it would continue to supervise the merged bank ‘very closely’ during the…

© Reuters. FILE PHOTO: Buildings of Swiss banks UBS and Credit Suisse are seen on the Paradeplatz in Zurich, Switzerland, March 20, 2023. REUTERS/Denis Balibouse/File Photo By Noele Illien ZURICH (Reuters) -UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of $1.6 trillion and greater muscle in wealth management. Announcing the biggest banking deal since the 2008 global financial crisis UBS Chief Executive Sergio Ermotti and Chairman Colm Kelleher said it would create challenges but also “many opportunities” for clients, employees, shareholders, and Switzerland.…

© Reuters. FILE PHOTO: TC Energy’s logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – TC Energy (NYSE:) said it completed the shutdown of two compressor stations on the NOVA Gas Transmission Ltd. (NGTL) System and a gas storage facility on Saturday that were near wildfires in Edson, Alberta. “Other sections of the NGTL system and other pipeline systems continue to operate safely and we continue to monitor the situation closely,” the company said in a release. The 25,000-kilometre NGTL system ships gas across Canada and to U.S. markets.

First Lady Jill Biden is kicking off the summer by headlining campaign events for her husband in New York and California.While the 2024 presidential election is more than a year away, the first lady will be conducting her first solo outings of the campaign season during a three-day fundraising series in New York City, San Francisco and Los Angeles beginning Monday.Most of her time will be spent at four political events, including two in California’s Bay Area, to help her husband’s re-election, the Democratic National Committee and Democratic state party committees.Biden, 72, will also join Gabrielle Giffords at an event…

UBS said Monday that it has finalized its takeover of Credit Suisse AG, ending a monthslong saga that saw the collapse of one of Switzerland’s biggest financial institutions. The bank announced that completion in an open letter to Swiss, German-language daily newspaper, NZZ and other international publications, describing the deal as “the beginning of a new, historic chapter.” UBS UBS, -0.30% UBSG, +1.24% agreed to buy its rival for an initially announced 3 billion francs ($3.3 billion) after Credit Suisse CS, +0.99%   CSGN, +1.34%  was unable to stem outflows from its wealthy clients. UBS said Friday that it has signed…

© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 9, 2023. REUTERS/Staff (Reuters) – European shares edged higher on Monday at the start of a week packed with major central bank policy meetings, while shares of Swiss drugmaker Novartis rose after it agreed to buy U.S.-based Chinook. The pan-European index rose 0.3% by 0715 GMT. Meetings from the U.S. Federal Reserve, the European Central Bank and the Bank of Japan are lined up for the week. The Fed is seen holding rates steady at the end of its…

© Reuters. Japan stocks higher at close of trade; Nikkei 225 up 0.52% Investing.com – Japan stocks were higher after the close on Monday, as gains in the , and sectors led shares higher. At the close in Tokyo, the rose 0.52%. The best performers of the session on the were Taiheiyo Cement Corp. (TYO:), which rose 4.53% or 116.50 points to trade at 2,688.50 at the close. Meanwhile, Nippon Paper Industries Co., Ltd. (TYO:) added 4.33% or 53.00 points to end at 1,278.00 and Daiichi Sankyo Co., Ltd. (TYO:) was up 4.11% or 202.00 points to 5,111.00 in late…

By Hamza Ibrahim KANO, Nigeria (Reuters) – In a small factory in Nigeria’s northern Kano city, Muhammad Khamis Umar stares at stacks of plastic products that have not been sold for over a week since new President Bola Tinubu scrapped a fuel subsidy, sharply driving up the cost of petrol. Most of Umar’s customers came from across Nigeria’s northern states to buy plastic plates, bowls and buckets in bulk, but demand has fallen since transport fares and the cost of filling a vehicle’s tank surged after gasoline prices nearly tripled on May 31. “More than 80% of my customers have…