Latest posts
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British Court Rules BHP Can Be Held Liable for 2015 Brazil Dam Collapse
LONDON, Nov 14 (Reuters) – A ruling by the High Court in London concluded that BHP could be held responsible for the collapse of a dam in southeastern Brazil in 2015. This case has been previously estimated by plaintiff attorneys to be worth up to £36 billion ($48.32 billion). Hundreds of thousands of Brazilians, numerous…
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Morning Bid: Navigating Tech Instabilities and Economic Data Overload
As traders operate on the floor of the NYSE American in New York City, attention shifts toward the tech sector’s recent fluctuations and a wave of long-awaited economic data. With the U.S. government poised to reopen next week, today’s House vote to sustain funding through January is expected to pass without issues. Stock trading on…
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ECB’s Lagarde Takes Over from Fed’s Powell on Two Vital BIS Committees
European Central Bank (ECB) President Christine Lagarde addresses the media following the Governing Council’s monthly monetary policy meeting in Frankfurt, Germany, on March 6, 2025. REUTERS/Jana Rodenbusch. LONDON, Nov 12 (Reuters) – Christine Lagarde, President of the European Central Bank, is set to succeed Federal Reserve Chairman Jerome Powell as head of two significant economic…
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White House Considers Regulations to Alter Shareholder Voting Dynamics
The White House is contemplating new regulations aimed at limiting the sway of proxy advisers, which conservatives have long criticized for their progressive perspectives, as reported by a financial industry source. Officials are also examining potential restrictions on how index-fund managers cast votes. Discussions are ongoing about at least one executive order to impose limits…
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Trump Minimizes Impact of 50-Year Mortgages as Conservative Critics Voice Concerns
During a recent bilateral lunch with Hungary’s Prime Minister Viktor Orban at the White House, President Donald Trump addressed the proposal for 50-year mortgages, suggesting they are not a significant solution to housing affordability issues when compared to standard 30-year loans. He commented on Fox News’ ‘The Ingraham Angle,’ stating that such mortgages only reduce…
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US Consumer Watchdog Set to Revise Key Fair-Lending Regulation from Civil Rights Era, Sources Indicate
The Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., is pictured on August 29, 2020. WASHINGTON, Nov 11 (Reuters) – The U.S. Consumer Financial Protection Bureau is expected to propose changes soon that would narrow a significant aspect of fair-lending regulations established during the civil rights era, as part of an overhaul by the…
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Generali Appoints Deputy CEO Amid Succession Speculations
Generali has announced the appointment of Giulio Terzariol, head of its insurance division, as the group’s new deputy chief executive. This move comes in light of increased pressure on CEO Philippe Donnet from certain investors dissatisfied with his leadership. Insiders suggest that Terzariol’s new role positions him as a potential internal candidate for the CEO…
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UniCredit’s CEO Declares Conclusion of Banco BPM Acquisition Efforts
In a statement at a Bloomberg conference in Milan, Andrea Orcel, CEO of UniCredit (CRDI.MI), confirmed that the bank has officially put its failed acquisition attempt of Banco BPM (BAMI.MI) behind it. Orcel remarked that investors should not overinterpret the bank’s recent legal challenge concerning the terms set by the government for the bid, emphasizing…
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EU Banking Regulator Affirms Current Crypto Regulations Address Stablecoin Risks
In a statement to Reuters, Europe’s banking authority confirmed that existing cryptocurrency regulations in the EU incorporate protections against the risks associated with stablecoins, following the European Central Bank’s warnings about potential threats to financial stability. The ECB, along with the European Systemic Risk Board (ESRB), has recommended that Brussels consider prohibiting the ‘multi-issuance’ approach,…
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Fed Poised to Resume Bond Purchases to Manage Market Liquidity, Says Williams
John Williams, President of the New York Federal Reserve, addressed the Economic Club of New York on November 12, 2024, highlighting the imminent need for the U.S. central bank to reinitiate bond purchases in order to effectively manage short-term interest rates. In his speech, Williams emphasized that these upcoming bond purchases will not serve as…
