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Foreign bank units have been accumulating cash reserves at the Federal Reserve, likely reflecting concerns that a dollar funding crunch could be looming as the U.S. central bank reduces its balance sheet and global economies face recession risks. While their Read more
The top investor of Mediaset Espana (TL5.MC) has no plan to oust Paolo Vasile from the role of CEO at the Spanish broadcaster, a spokesperson for MediaforEurope (MFEB.MI) said on Monday, denying Spanish media reports. “No ousting of Paolo Vasile Read more
Starbucks Corp (SBUX.O) was sued on Monday by eight employees at a unionized South Carolina store who said the company falsely accused them of criminal conduct after they demanded a raise from their manager. The workers filed a lawsuit in Read more
Oil prices held steady on Monday in choppy trading as fears that high inflation and energy costs could drag the global economy into recession offset China’s continuation of loose monetary policy. Brent crude futures were down 1 cents, or 0.01%, Read more
A former London-based Goldman Sachs (GS.N) banker alleges he was unfairly dismissed with a “woeful” lack of proper procedure after whistleblowing on 10 occasions and that he was forced to deal with “vile and bullying language”. Thomas Doyle, the former Read more
U.S. soybean exports are trailing their normal autumn pace despite rising supplies from an accelerating harvest, as low river levels have slowed the flow of grain barges to export terminals, according to U.S. Department of Agriculture (USDA) data issued on Read more
Kroger Co (KR.N) and Albertsons Cos Inc (ACI.N) are willing to divest up to 650 supermarket stores to secure regulatory clearance for their $24.6 billion deal, but if they cannot find buyers they have an unusual spin-off structure up their Read more