Author: IA PressRoom

© Reuters. A person rides a bicycle past a Danske Bank branch in Copenhagen, Denmark, July 29, 2022. REUTERS/Andrew Kelly/File Photo By Nikolaj Skydsgaard COPENHAGEN (Reuters) – Danske Bank on Wednesday raised its long-term earnings target and said it plans to divest its Norwegian retail business as part of a strategy to catch up with more profitable Nordic rivals. Denmark’s largest lender now aims for a return on equity (ROE) by 2026 of 13%, up from a previous goal of between 8.5% to 9%, and a cost-income ratio of around 45%, down from a mid-50s percentage goal earlier. “Danske Bank…

© Reuters. FILE PHOTO: A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. REUTERS/Chen Aizhu By Yuka Obayashi and Muyu Xu TOKYO (Reuters) -Oil extended losses on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter Saudi Arabia’s surprise weekend pledge to deepen output cuts. futures were down 40 cents, or 0.5%, at $75.89 a barrel at 0456 GMT. The U.S. West Texas Intermediate crude futures fell 35 cents, also 0.5%, to $71.39 a barrel. Both benchmarks had jumped more than $1 on…

Source: Anastasiya Shatirova/AdobeThe Russian Prosecutor-General is set to let investigators confiscate crypto and liquidate criminals’ tokens, with the Treasury hoping to benefit.But legal experts say the plan could hit a roadblock when prosecutors try to liquidate coins.The media outlet Vedemosti first reported on the Prosecutor-General’s proposals back in April.Madina Dolgieva, the judiciary director at the Prosecutor-General’s Office, stated that a change in rules would likely be possible “without legislative amendments.”Amendments would require parliamentary approval.And it appears the plan has progressed since April, Stavropol Plus reported this week.A leading academic opined that confiscated crypto funds would likely be sent to the…

Marsha Blackburn talks content creators’ issues with AI Sen. Marsha Blackburn, R-Tenn., shares her takeaways from Tuesday’s AI hearing with OpenAI CEO Sam Altman. She also reveals what next steps she and her colleagues are prepared to take to protect consumer data amid the AI boom.Sen. Marsha Blackburn, R-Tenn., is calling on Congress to pass an internet user privacy standard as a first step toward making sure Americans are knowledgeable and their data safe amid the rapid advancement of artificial intelligence (AI) technology. Blackburn is one of four Republicans on the Senate Judiciary subcommittee on intellectual property (IP). The panel is…

China’s trade surplus missed expectations and stood at $65.81 billion from $78.40 billion in the same period a year earlier. It was the smallest trade surplus since February, as exports fell more than imports, amid persistent weak global demand. Exports shrank by 7.5% y/y to a three-month low of $283.5 billion, the first decline in three months and the steepest drop since January, compared to market consensus of a 0.4% fall, while imports decreased by 4.5%, amid weakening domestic demand, softening commodity prices, and a stronger dollar. ETFs: (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG),…

This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekdayGood morning. Stock selection is hard. As of this morning, four out of five of Unhedged’s picks in the FT’s 2023 stockpicking contest are going badly (badly!) awry. In that limited sense, it is good news that the SEC is suing one of the companies we are short in the contest, Coinbase, and that its stock fell hard yesterday. It is with a heavy heart, therefore, that I argue below that the SEC should just leave Coinbase…

© Reuters. FILE PHOTO: The company logo of Dalian Wanda Commercial Properties Co Ltd is displayed at a news conference on the company’s annual results in Hong Kong, China March 24, 2016. REUTERS/Bobby Yip HONG KONG (Reuters) – A Shanghai court has ordered the freezing of 1.98 billion yuan ($278.18 million) worth of shares in a unit of Dalian Wanda Group, China’s largest commercial property developer. The shares frozen were issued by Dalian Wanda Commercial Management Group, the property management arm of Dalian Wanda Group. According to two court notices dated Monday, the shares worth a total of 1.98 billion…

© Reuters. Willie Walsh, Director General of the International Air Transport Association (IATA), speaks during IATA annual meeting in Istanbul, Turkey June 5, 2023. REUTERS/Dilara Senkaya By Joanna Plucinska ISTANBUL (Reuters) – Despite progress in improving gender diversity in the aviation sector, equality is still a distant goal, figures presented on Tuesday at the International Air Transport Association’s (IATA) annual meeting in Istanbul showed. Aviation is known for its poor record on achieving gender balance, particularly among pilots, but also in technical and engineering roles and in senior leadership. The airline association launched an initiative known as 25by2025 in 2019…

CNN  —  Senate Republicans say they’ll keep pushing for more funding for Ukraine and defense even in the wake of Kevin McCarthy’s comments that additional funding would face long odds in the GOP-controlled House, potentially setting off a clash between the House Speaker and Senate Minority Leader McConnell. “My assumption is if when the time comes there would be a lot of collaboration, coordination and trying to make sure that whatever we do would enjoy broad support in both the Senate and in the House,” Republican Whip John Thune told CNN Tuesday when pushed on McCarthy’s comments. “Sometimes on issues…

The PGA Tour, the DP World Tour and the Saudi-backed LIV Golf circuit have agreed to a landmark merger that will create one operation that aims to “unify the game of golf” — which has drawn mixed reactions from professional golfers and fans. LIV Golf, founded in 2021 in a direct challenge to the PGA Tour, has been led publicly, with funding from Saudi Arabia’s sovereign-wealth fund, by former pro Greg Norman. Key Words (July 2022): Trump tells golfers to ‘take the money’ from LIV Golf or ‘pay a big price’ As touring pros began reacting to the news Tuesday morning,…