Author: IA PressRoom

© Reuters. UBS Group and Credit Suisse logos are seen in this illustration taken March 18, 2023. REUTERS/Dado Ruvic/Illustration (Reuters) – UBS AG is set to impose tight restrictions on Credit Suisse bankers, including a ban on new clients from high-risk countries and on complex financial products, the Financial Times said on Sunday, citing people with knowledge of the matter. Bloomberg News reported on Saturday that the emergency takeover of Credit Suisse by UBS will close on Monday. UBS has come up with a list of nearly two dozen “red lines” that prohibit Credit Suisse staff from a range of…

© Reuters. FILE PHOTO: A general view of Headquarters of Spanish construction firm Sacyr in Madrid, Spain, November 18, 2022. REUTERS/Susana Vera/File Photo By Andres Gonzalez and Corina Pons LONDON/MADRID (Reuters) – Morgan Stanley (NYSE:) Infrastructure Partners is poised to buy Sacyr’s Valoriza Servicios Medioambientales in a deal that could value the unit at close to 600 million euros ($644.8 million) including debt, people familiar with the matter said. Morgan Stanley Infrastructure has prevailed over other firms in an auction that Valoriza’s owner, Spanish construction firm Sacyr, held for the company which started in February, the sources said on Sunday.…

It is the notion that the Federal Reserve could deliver a hawkish jolt to markets even if it refrains from raising rates when its two-day policy meeting ends on Wednesday. There are concerns that such an outcome could spark a turnaround in U.S. stocks, especially if an uncomfortably strong reading on May inflation — due this coming Tuesday just as the Fed’s policy meeting is slated to begin — pushes the central bank toward something even more extreme, like delivering a rate increase on Wednesday despite intimating that it plans to abstain. The May consumer-price index is forecast to rise…

Australia has become a new hot spot for paleontologists to dig for dinosaurs, the NYT reported. It all started in the early 2000s when a farmer found a dinosaur graveyard 5 feet under his land. Since then, scientists have excavated some of the most astounding paleontological finds in history.  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 The paleontological equivalent of a gold rush is happening in an unexpected place: Australia. Before the turn of the century, Australia was not a place you went…

© Reuters. FILE PHOTO: Billionaire investor George Soros speaks to the audience at the Schumpeter Award in Vienna, Austria June 21, 2019. REUTERS/Lisi Niesner (Reuters) -Billionaire financier George Soros is handing control of his massive empire to his son Alexander, a Soros spokesperson said on Sunday. The spokesperson confirmed the details from an interview with Soros published in The Wall Street Journal on Sunday. A hedge fund manager turned philanthropist and major backer of liberal causes, Soros, 92, said he previously didn’t want his Open Society Foundations (OSF) to be taken over by one of his five children. But speaking…

The federal indictment of former President Donald J. Trump has left the Republican Party — and his rivals for the party’s nomination — with a stark choice between deferring to a system of law and order that has been central to the party’s identity for half a century or a more radical path of resistance, to the Democratic Party in power and to the nation’s highest institutions that Mr. Trump now derides.How the men and women who seek to lead the party into the 2024 election respond to the indictments of the former president in the coming months will have…

A few years ago, my wife’s cousin stayed with us for about six weeks while she was going through the hiring process at my company. It was the longest six weeks of my life. She pretty much sat on the couch and never moved a finger to help around the house — even to pick up after herself. Never once did this relative buy groceries or treat us to a meal. It has caused a lot of tension in our marriage.  In March 2020, we agreed to have the same cousin’s family — aunt, uncle, sister and her two children…

A NASA planetary scientist said conditions on the lunar south pole could be ripe for microbial life. Researchers have found that certain microbes on Earth can withstand extreme conditions. These microbes may have hitched a ride on a lunar lander and are now living on the moon. 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 Compared to Earth, the moon is a desolate place. Devoid of flowing water, wispy clouds, and signs of life. Except, one NASA scientist thinks there’s more to the moon…

The women who said they were assaulted or harassed by Crispin Odey in several incidents over a 25-year period have denounced efforts by his firm’s partners to distance themselves from the scandal-hit financier. In the wake of a Financial Times investigation detailing decades of abuse inflicted by Odey on female staff and acquaintances, the partners at his eponymous firm Odey Asset Management on Saturday said they had removed him from the business.This followed a number of financial institutions acting swiftly to cut ties with the hedge fund, including Morgan Stanley, Exane, Goldman Sachs and Schroders. Peter Martin, chief executive of…

Source: AdobeStock / Iryna BudanovaBinance, the world’s largest cryptocurrency exchange by trading volume, has been ordered to cease operations in Nigeria by the country’s Securities and Exchange Commission (SEC). In a recent statement, the regulator declared the operations of Binance “illegal” in the West African nation, stating that the cryptocurrency exchange was neither registered nor regulated by the commission. “Any member of the investing public dealing with the entity is doing so at his or her own risk,” the commission warned.Nigeria’s central bank had previously banned banks and financial institutions from facilitating transactions in digital currencies in 2021. However, despite the ban, residents in…