Author Archives: fiona

Caroline Ellison sentenced to two years for role in FTX crypto fraud

Ellison testified as a star witness against her ex-boyfriend and FTX’s founder, Sam Bankman-Fried.

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Leave immediately, Starmer tells UK nationals in Lebanon

The prime minister said “we are ramping up the contingency plans” as conflict escalates in the Middle East.

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Bowen: Israel is gambling Hezbollah will crumple but it faces a well-armed, angry enemy

The Lebanese armed group has – like Israel – spent years preparing and is more formidable than Hamas in Gaza.

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Logistics giant Lineage raises $4.45 bln in biggest IPO in 2024

Reuters exclusively reported that Lineage, the world’s largest operator of cold-storage warehouses, raised $4.45 billion in its U.S. initial public offering, setting it up for the biggest stock market debut globally this year. Lineage priced just under 57 million shares … Continue reading

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OPEC+ sticks to oil policy, repeats could pause Oct hike

Reuters was first to report that a meeting of top OPEC+ ministers kept oil output policy unchanged including a plan to start unwinding output cuts from October. The oil producing group took the decision despite sharp oil price falls in … Continue reading

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China tells some brokerages to conduct compliance checks on bond trading 

Reuters exclusively reported that China’s securities regulator has ordered some brokerages to inspect their bond trading activities as authorities seek to rein in frenzied buying of Chinese government bonds. The brokerages, all of which are domestic, have been told to … Continue reading

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Some investors demand change at LVMH after probe into Dior contractors 

Reuters exclusively reported that Europe’s top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth to take more aggressive steps to monitor its suppliers’ treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors … Continue reading

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US, Vietnam discuss supplying Hanoi with C-130 military transport planes

Reuters exclusively reported that the United States and Vietnam are discussing the sale of Lockheed Martin C-130 Hercules military transport planes to Hanoi, in a sign of closer security cooperation between the two former foes. The post US, Vietnam discuss supplying Hanoi … Continue reading

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Ackman’s Pershing Square takes new stakes in Nike, Brookfield 

Reuters was first to report that billionaire investor William Ackman built new stakes in sportswear company Nike during the second quarter. A regulatory filing reviewed by Reuters showed that Ackman’s hedge fund Pershing Square Capital Management owned roughly 3 million … Continue reading

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Workers at BHP’s Escondida copper mine will strike after failing to reach agreement 

Reuters was first to report that workers at BHP’s Escondida copper mine in Chile, the world’s largest, would go on strike after failing to reach an agreement with the company.  The stoppage has potential to have a lasting impact, reminiscent … Continue reading

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