Financial news

Capitalism is having an identity crisis – but it is still the best system

5 years by Daniel Williams

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The 73-year-old Vietnamese refugee is responsible for bringing Sriracha to American consumers

4 years by Daniel Williams

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Electric Truckmaker Rivian, Backed By Amazon, Ford, Raises Whopping $1.3 Billion

4 years by Daniel Williams

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Libyan man accused in terrorist 1988 Lockerbie plane bombing now in US custody – JURIST

Scotland’s Crown Office and Procurator Fiscal Service told the BBC on Sunday that Libyan national Abu Agela Mas’ud Kheir Al-Marimi is in US custody. Al-Marimi was allegedly involved in making the bomb […]

KPMG hit with fines over exam cheating

The US audit watchdog sanctioned three firms and four audit professionals from KPMG’s global network for alleged misconduct such as failing to cooperate with an inspection and cheating on training exams. The […]

Morgan Stanley begins cutting 1,600 staff

Morgan Stanley began cutting about 2% of its global staff on 6 December, or about 1,600 employees, according to a person with knowledge of the cuts who didn’t want to be identified. The […]

DWS targets passive, alternatives growth in €70m investment plan

DWS, the asset manager majority owned by Deutsche Bank, plans to grow its passive and alternatives businesses as part of a three year, €70m investment programme. The Frankfurt-headquartered fund house unveiled the […]

China eases COVID-19 restrictions nationwide in major policy change – JURIST

The National Health Commission (NHC) of China Wednesday announced eased COVID-19 regulations. The NHC’s new, more relaxed regulations are the first nationwide change regarding the virus, and a step away from their […]

Macro trends will dominate returns in 2023, hedge fund bosses say

Macroeconomic trends around volatility and inflation will create opportunities for hedge funds to deliver alpha next year, according to sector leaders. Macro and trend-following strategies were amongst the best-performing for hedge funds […]

Alberta legislature passes bill allowing provincial government to override federal law – JURIST

The Canadian province of Alberta’s legislature Thursday passed Premier Danielle Smith’s Sovereignty Act, empowering the provincial government to dismiss federal law, programs, and policies. The Alberta Sovereignty within a United Canada allows […]

Hong Kong court sentences Jimmy Lai to nearly six years in prison on fraud charges – JURIST

A Hong Kong district court Saturday sentenced pro-democracy activist and media entrepreneur Jimmy Lai to almost six years of imprisonment on fraud charges. Lai is already serving a 20-month prison sentence in Hong […]

Thoma Bravo beats tech fundraising record with $24bn raise

Technology-focused Thoma Bravo raised more than $32bn for buyouts and growth investments, including a record haul for its main buyout fund, against a challenging fundraising backdrop this year. The Chicago-based private equity […]

North Korea releases US soldier who crossed demilitarized zone 2 months ago – JURIST

North Korea expelled US soldier Travis King on Wednesday, 2 months after he crossed into its territory from South Korea. KCNA, North Korea’s state media, announced that North Korea expelled King after […]

South Korea court overturns North Korea leaflet ban – JURIST

The Constitutional Court of South Korea on Tuesday struck down a provision of the Law on the Development of Inter-Korean Relations which prohibits the distribution of leaflets in North Korea and imposes […]

Hong Kong court sentences journalist to 5 days in jail for obstructing police officer – JURIST

The West Kowloon Magistrates’ Court on Monday sentenced the head of the Hong Kong Journalists Association Ronson Chan to five days in jail, according to the Hong Kong Free Press (HKFP). As […]

Philippine Coast Guard removes floating barrier allegedly placed by China – JURIST