Chevron Corporation has announced this week that it would acquire PDF Energy for $7.6 billion. The major oil company intends to increase its production by 260,000 barrels per day.
The United States Treasury has confirmed that the first of June is the deadline for a US debt ceiling increase. In the case of no increase the US government would default.
The Reserve Bank of New Zealand has unexpectedly revealed that it would end its monetary tightening cycle. This morning, the central bank hiked its rate from 5.25% up to 5.50% and announced that it is the last hike.
During the most recent negotiations done on Monday, the US President Joe Biden and US House Speaker Kevin McCarthy have failed to reach an agreement on an increase of the US sovereign debt ceiling.
The government of Australia has revealed that it would take action against the accounting firm PricewaterhouseCoopers for leaking government tax plans.
Financial Times has reported that a group of Credit Suisse employees are set to sue Swiss regulators over lost $400 million AT1 bonuses that were cancelled after the troubled bank's takeover.
The airline Ryanair has revealed that it expects strong demand for travel during this summer and subsequently forecasts an increase of profits.
Recent polls show that most economists have realized after the recent speech of the Chairman of the Federal Reserve Jerome Powell that the Federal Reserve would not cut interest rates during 2023.
Facebook parent company Meta has received a $1.3 billion fine from the European Union regulators for sending user data to the United States. Moreover, the company is being forced to stop its practices.
The Chinese electric car maker BYD has created a new division that would deal with the company's lagging behind in autonomous driving.
The recent Japanese first quarter GDP data has revealed that the Japanese economy has emerged from the recent minor recession and grown by 1.6%.
Home prices in China have continued to grow in April, as an increase of +0.4% has been reported. However, the pace of growth has slowed down compared to 0.5% in March.
UBS Group AG has revealed in a regulatory filing that it was rushed into buying its rival Credit Suisse Group in an unwanted deal.
The ex-CEO of Frist Republic Bank Michael Roffler has stated that the collapse of the bank occurred due to contagion from other banks not strategy, liquidity or bank's management.
UBS Group AG has revealed that it expects to take a loss of $17 billion due to the takeover of Credit Suisse.
The Chief Executive Officer of Tesla Elon Musk has warned investors that the company would not be immune to the upcoming tough economy.
The US Treasury Secretary Janet Yellen has stated that a US default might trigger a recession and break the financial markets.
The European Union member states have given the final approval to the first set of crypto regulation rules in the world.
The US President Joe Biden and head of Congress Republicans Kevin McCarthy have revealed to have closed in on a deal to avoid the possible US sovereign default on June 1.
China's April economic data has revealed that the country's economic recovery has been slowing down. The recent data indicates that policymakers might implement more economic stimulus.
Berkshire Hathaway has disclosed that it has started to invest in Capital One Financial Corporation and Diageo Plc. Meanwhile, the fund has reduced stakes in Bank of New York Mellon Corp, US Bancorp, TSMC and RH.
Reuters has revealed that Elon Musk has implemented a new hiring policy at Tesla. The CEO intends to approve all hiring personally.
The US Treasury Department has revealed that the US government remains on track to default on June 1, unless the US President and Senators manage to make a deal on a solution.
The new CEO of Vodafone Margherita Della Valle has stated that the company would fire 11,000 employees over the span of next three years.