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Money

J&J tries to extend its ‘Texas two-step’ to halt two states’ talc cases

Financial Times | Aug 22, 2022 at 11:00 AM

…placed a subsidiary holding all its talc liabilities, known as LTL, into bank ruptcy protection, a manoeuvre known as the “Texas two step”. Once in bank ruptcy…

Vodafone to sell Hungarian business for $1.8bn to state-backed groups

Financial Times | Aug 22, 2022 at 10:38 AM

…in a statement. “This government goal has already been reached in the bank , energy and media sectors, and now a Hungarian company, with the backing…

Imran Khan charged with terrorism offences after weekend rally

Financial Times | Aug 22, 2022 at 10:31 AM

…is also preparing to renew a $3bn deposit at Pakistan’s central bank . The dispute between Khan and Sharif’s government escalated this month after…

Russian stocks mixed as main session begins on Monday

TASS Russian News Agency | Aug 22, 2022 at 10:16 AM

The Russian stock market was mixed at the beginning of the main session on Monday.

Ruble mixed against dollar, euro as foreign currency trading starts on Moscow Exchange

TASS Russian News Agency | Aug 22, 2022 at 10:09 AM

The ruble weakened against the dollar and strengthened against the euro compared with previous closing as foreign currency trading started on Moscow Exchange on Monday.

Cineworld vows ‘business as usual’ as it confirms possible US bank ruptcy filing

Financial Times | Aug 22, 2022 at 10:05 AM

…Cineworld has insisted that its operations will be unaffected by its planned restructuring as it confirmed it was drawing up plans to file for bank ruptcy…

Credit Suisse appoints new finance chief in management shake-up

Financial Times | Aug 22, 2022 at 8:17 AM

…In 2019, the bank was embroiled in a corporate espionage scandal….

Which finance roles offer career progression, a decent salary and work/life balance?

Financial Times | Aug 22, 2022 at 6:32 AM

…That and the Bank of England both look good on a CV for finance firms if you decide to switch. #spotonNext problem I am a diplomat from a western country….

China slashes 5-year mortgage rate as property crisis deepens

Financial Times | Aug 22, 2022 at 6:29 AM

…Analysts said the central bank was likely to cut the five-year LPR at least one more time this year….

How a 20-year-old student made $110mn riding the meme stock wave

Financial Times | Aug 22, 2022 at 6:00 AM

…right sort of realigning of their debt, they could really reduce their bank ruptcy thesis,” Freeman said. The novel solution he proposed for Bed Bath involved…

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