Investor Group Sues Missouri Over Anti-ESG Law
Missouri is being sued by a top US trade group for financial companies, which accuses the state of “overstepping its boundaries” when it passed a rule designed to limit the…
Chinese Bourses Overhaul Rules To Revive Markets
On Thursday, the Shanghai and Shenzhen stock exchanges announced they would be examining measures to reduce investor’s trading costs and improve liquidity in an effort to stimulate the market further.…
US Cyber-Breach Inquiry To Examine Microsoft’s Role
On Thursday, Bloomberg News reported that a US cybersecurity advisory panel would be investigating the recent breach of US government department email systems by what were believed to be Chinese…
Chinese Developer’s Missed Coupon Payments Could End Up Dwarfing Evergrande
Once China’s biggest developer according to sales, Country Garden Holdings Co. has succumbed to growing liquidity issues and increasing scrutiny of its operations, finally becoming a penny stock on the…
Bacardi Sees Profits In Russia Soar
New data released by Russia’s federal tax agency shows that Bacardi’s Russian division, Bacardi Rus LLC, saw its profits skyrocket to almost $50 million in 2022, which was more than…
Sony Shares Fall Off Concerns About Sensors And Game Demand
Following a report showing first quarter profits tumbled, shares in Sony dropped 6% in Tokyo trading, as investors pondered lackluster performance by the company’s movie and financial divisions. In addition…
Germany’s Evonik Reports Profits Slump 38%
Evonik, the German chemicals manufacturer reported that its second quarter core profit fell 38% compared to last year, due to a difficult economic environment and weak demand. In a statement,…
After Q3 Misses, Siemens Sees Normalization In Demand
Although reporting that third quarter profits missed forecasts on Thursday, German industrial engineering giant Siemens says is sees a “normalization in demand,” especially in China The engineering group reported that…
Mexico Shuns BRICS For Closer Relations With US, Canada
During his daily morning news conference on Tuesday, Mexican President Andres Manuel Lopez Obrador said that Mexico would not be joining the BRICS alliance of nations. Instead the Mexican leader…
Russia’s Grain Harvest Projections Upgraded
The Institute for Agricultural Market Studies (IKAR) is upgrading its forecasts for the harvest of grain in Russia, noting that Russian farmers are now projected to harvest as much as…
