Hints and tips:
...The Central Group declined to comment on the price paid for KaDeWe’s Berlin property. Additional reporting by Joshua Oliver in London...
...Signa Holding, the central company in the group that owns Selfridges in London, the Chrysler building in New York and KaDeWe in Berlin, filed for administration last month....
...Additional reporting by Lauren Fedor in Washington...
...Central insisted that the department stores were unaffected by Signa’s administration....
...Owen WalkerSo today we have UniCredit reporting their results. They are coming off the back of a very strong 2023....
...The latest moves, conveyed to banks in person by representatives from the People’s Bank of China, the Central Financial Commission, the National Administration of Financial Regulation and the China Securities...
...Additional reporting by Owen Walker in London...
...Additional reporting by George Russell...
...Additional reporting by Joshua Franklin and Mary McDougall in London...
...Additional reporting by Tom Mitchell in Singapore...
...Additional reporting by Mary McDougall in London...
...Her administration, which took power last October, has criticised banks for failing to pass on interest rate rises to small savers....
...“For a ‘pot for life’ to work, there must be a robust central clearing house, a working pension dashboard, and a faultless administration system which directs contributions and amplifies the employers’ critical...
...Additional reporting by Colby Smith in Washington...
...Every several-hundred page loan document has to be approved by the 25-person board, which meets twice a week. Bank loans can take years to prepare....
...You need to organise what happens to a bankrupt local administration (and its officials). You need new, well-capitalised banks to populate the banking system....
...This was in contrast to other regional lenders that had been hit by outflows following the collapse of Silicon Valley Bank but were reporting that customers were coming back....
...Additional reporting by Wang Xueqiao in Shanghai and Andy Lin and Hudson Lockett in Hong Kong...
...That’s led to initiatives like a new scheme by Germany’s KfW development bank, supporting the steel sector’s transition through subsidised loans with green conditions attached....
...BP joined in the earnings bonanza yesterday, reporting a doubling of profits to a record $28bn....
...Additional reporting by Chris Giles in London and Kiran Stacey in Washington...
...Analysts had expected the central bank to leave the rate unchanged....
...Additional reporting by Cheng Leng in Hong Kong...
...On May 20, China’s central bank cut its five-year loan prime rate, used to price mortgages, from 4.6 per cent to 4.45 per cent....
...Biden administration wins legal challenge to Idaho abortion ban The Biden administration has won a legal victory in its battle to protect women’s reproductive rights as a judge in Idaho stopped the state...
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