A team from the International Monetary Fund (IMF) met Lebanese government officials on Thursday at the start of a visit to advise on how to tackle the country’s crippling financial and economic crisis.
Lebanese President Michel Aoun said on Thursday measures would be taken to hold to account all those who contributed to Lebanon’s financial crisis through illegal actions be they transfers abroad, manipulation of Eurobonds or other acts.
U.S. stocks opened slightly lower on Thursday as a spike in the number of coronavirus cases outside China raised concerns about the global economic impact of the epidemic, while E*Trade Financial soared on a buyout offer from Morgan Stanley.
If you own shares in Rite Aid Corporation (NYSE:RAD) then it’s worth thinking about how it contributes to the… …read more […]
Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Rick Newman break down the key moments from last night’s Democratic Debate in Las Vegas on The First Trade. …read more […]
Asia will be able to absorb most of the growth in liquefied natural gas (LNG) supply from the second half of 2020, with Europe ceasing to be a balancing market, Royal Dutch Shell said on Thursday. Excess cargoes have been sent to Europe in the past year as global LNG supply has been soaring, in particular from projects in the United States and Australia. Mild weather and the coronavirus outbreak in China helped reduce LNG demand in Asia this winter and LNG prices in Asia have dropped to record lows, while European gas prices are wallowing at more …read more […]
Office-sharing startup WeWork on Thursday named Shyam Gidumal, a former Ernst & Young executive, as its new chief operating officer in the first major executive appointment under new head Sandeep Mathrani.
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Those following along with NextEra Energy, Inc. (NYSE:NEE) will no doubt be intrigued by the recent purchase of shares… …read more […]
L Brands Inc said on Thursday it will sell a controlling stake in its Victoria’s Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at $1.1 billion, as it focuses on its core Bath & Body Works brand.
Microsoft Chief Executive Satya Nadella said the technology giant will invest $1.1 billion in Mexico over the next five years, according to a promotional video released by the Mexican government on Thursday.
Ralph Hamers made his mark as a tech-savvy chief executive who led Dutch bank ING back to profitability after cementing its position as a no-frills lender in Germany and simplifying its product portfolio.
L Brands’ long-time Chief Executive Officer Leslie Wexner would step down from his role following the close of the transaction and become chairman emeritus. L Brands, which has a market valuation of about $7-billion, has seen sales dwindle at its Victoria’s Secret business as it fends off increased competition from online retailers and has also drawn criticism for its lingerie not being inclusive of all body types. …read more […]
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
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