Business news

John Wood Group suitor drops £1.7bn takeover plans

May 15, 2023 06:47 AM AEST | By PAMEDIA

US firm Apollo Management said it would not be making an offer for Aberdeen-based Wood Group, just two days before the deal deadline.

G7 finance leaders vow to contain inflation as talks in Japan wrap u...

May 13, 2023 04:58 AM AEST | By PAMEDIA

The finance leaders’ talks laid the groundwork for a summit of G7 leaders in Hiroshima next week.

G7 talks focus on ways to fortify banks as China accuses group of hy...

May 12, 2023 09:08 AM AEST | By PAMEDIA

Tensions with China and Russia’s invasion of Ukraine loomed large over talks in Niigata.

Emirates reports record profits as demand for air travel surges

May 11, 2023 08:52 AM AEST | By PAMEDIA

The airline also announced it would create a 200 million dollar (£159m) fund for research projects aimed at reducing the use of fossil fuels.

Yellen warns US default would be ‘a catastrophe’ as G7 finance minis...

May 11, 2023 07:01 AM AEST | By PAMEDIA

The impasse over spending risks leaving the US government unable to pay for teachers and medical care for veterans.

Oil giant Saudi Aramco reports £25bn profit in first quarter

May 09, 2023 07:10 AM AEST | By PAMEDIA

The business, formally known as the Saudi Arabian Oil Co, blamed the fall from £31bn in the same quarter last year on lower global oil prices.

Construction begins on ‘carbon neutral’ Sutherland Spaceport

May 04, 2023 03:46 PM AEST | By PAMEDIA

Sutherland Spaceport will be home to the rocket company Orbex.

European Central Bank announces quarter-point rise in interest rates

May 04, 2023 12:32 PM AEST | By PAMEDIA

The decision comes a day after the US Federal Reserve also approved a quarter-point increase.

Scottish college lecturers start boycott as part of industrial actio...

May 02, 2023 01:58 PM AEST | By PAMEDIA

EIS-Fela members will not enter students’ marks into college systems as part a dispute over pay.

European Central Bank set to raise interest rates after inflation ed...

May 02, 2023 09:33 AM AEST | By PAMEDIA

The inflation rate in the eurozone rose to 7% in April.

Europe’s economy barely grows as inflation pinches consumers

April 28, 2023 10:45 AM AEST | By PAMEDIA

The 20 countries that use the euro currency picked up speed in the first quarter after zero growth in the last three months of 2022.

20% of people ‘less confident than six months ago about paying rent...

April 23, 2023 01:45 AM AEST | By PAMEDIA

HSBC UK and housing charity Shelter have announced a new partnership to support the financial health of people and communities.

Credit Suisse investors sue after facing billions in losses

April 21, 2023 01:24 PM AEST | By PAMEDIA

The investors are contesting an order by the Swiss Financial Market Supervisory Authority that wiped out billions in higher-risk bonds.

Nokia warns over economic situation as it reports lower profits than...

April 20, 2023 09:50 AM AEST | By PAMEDIA

The wireless and fixed-network equipment maker reported net profit of 342 million euros (£300 million) for the January-March period.

Credit Suisse accused of hindering probe into Nazi-linked accounts

April 19, 2023 10:35 AM AEST | By PAMEDIA

US senators said some accounts linked to Nazi Germany were open until just a few years ago.

Rex International Says Lime Petroleum AS Engaged ABG Sundal Collier...

April 18, 2023 12:55 AM AEST | By Reuters

April 17 (Reuters) - Rex International Holding Ltd : * LIME PETROLEUM AS ENGAGED ABG SUNDAL COLLIER ASA TO CARRY OUT TAP ISSUE OF UP TO US$4.8 MILLION...

Legion Consortium Says Lee Yu Juan Appointed As CFO

April 18, 2023 12:54 AM AEST | By Reuters

April 17 (Reuters) - Legion Consortium Ltd: * LEE YU JUAN APPOINTED AS CHIEF FINANCIAL OFFICER Further company coverage:

Fitch Says Large Nordic Insurers To Maintain Strong Credit Profiles...

April 18, 2023 12:45 AM AEST | By Reuters

April 17 (Reuters) - Fitch: * FITCH SAYS LARGE NORDIC INSURERS TO MAINTAIN STRONG CREDIT PROFILES AMID ECONOMIC HEADWINDS * FITCH SAYS FAVOURABLE OPER...

Swiss government awards $9.7 million contract related to Credit Suis...

April 18, 2023 12:43 AM AEST | By Reuters

By Oliver Hirt ZURICH (Reuters) - The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez...

Swiss government awards $9.7 mln contract related to Credit Suisse -...

April 18, 2023 12:36 AM AEST | By Reuters

By Oliver Hirt ZURICH, April 17 (Reuters) - The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million)...

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