Dr. Saule Omarova listens during her nomination hearing to be the Comptroller of the Currency with the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill on November 18, 2021 in Washington, DC.Anna Moneymaker | Getty ImagesPresident Joe Biden’s nominee for comptroller of the currency, Saule Omarova, withdrew her name from Senate consideration for…Continue Reading
American Airlines CEO Doug Parker is stepping down next year after two decades running airlines and will be succeeded by the carrier’s president, Robert Isom, on March 31, the company announced Tuesday.Parker’s retirement as CEO of the largest U.S. airline is the latest in a wave of leadership changes at the country’s big carriers, and the new executives are…Continue Reading
Mickey Drexler has led some big retail brands, and he sees challenges ahead for the sector even as in-store shopping is picking up again. But he doesn’t understand how the latest Wall Street idea for retail —spinning off growing online operations — will solve more issues than it ends up creating.Drexler who has led some…Continue Reading
The company’s YAM-2 spacecraft during integration for launch.Loft OrbitalLoft Orbital, a space infrastructure start-up, raised $140 million in a new round of funding was led by investment behemoth BlackRock.The San Francisco-based company launched its first missions to space earlier this year, with Loft planning to use the new capital to scale its business and double…Continue Reading
While global equity markets rallied, other asset classes held steady. Gold, treasury, and dollar saw little change Topics stock markets | Sensex | Omicron Samie Modak | Mumbai Last Updated at December 8, 2021 01:27 IST India’s benchmark indices rebounded from their three-month lows on Tuesday on hopes that the Omicron variant of coronavirus would likely cause only mild…Continue Reading
A day after NCLT admitted RBI’s petition for insolvency resolution of Reliance Capital, the central bank on Tuesday said it has retained the three-member Advisory Committee to assist the newly appointed administrator of the crisis-ridden NBFC. The Mumbai bench of the National Company Law Tribunal (NCLT) on Monday admitted the Reserve Bank’s plea to initiate…Continue Reading
China opposes the boycott and would take “resolute countermeasures”, foreign ministry spokesman Zhao Lijian said Topics United States | China | Olympics Reuters Last Updated at December 8, 2021 01:22 IST Photo: Bloomberg The US will have to “pay a price” for its diplomatic boycott of the Winter Olympics in Beijing, China said, just weeks after talks aimed at…Continue Reading
Biden, according to reports, was likely to warn Putin that Russia and its banks could be hit with the toughest economic sanctions yet if it invades Ukraine Topics Joe Biden | Vladimir Putin | Ukraine Reuters Last Updated at December 8, 2021 01:17 IST US President Joe Biden (Photo: Reuters) US President Joe Biden and Russian President Vladimir Putin…Continue Reading
As many as 421 cases involving a realisable value of Rs 2.55 lakh crore were resolved and 1,149 cases having a liquidation value of Rs 52,036 crore went for liquidation under the insolvency law till this September, the government said on Tuesday. Corporate Insolvency Resolution Process (CIRP) is conducted as per the provisions of the…Continue Reading
For Quick Alerts Subscribe Now For Quick Alerts ALLOW NOTIFICATIONS | Updated: Wednesday, December 8, 2021, 0:28 [IST] New Delhi, Dec 7: Amid the rumours of farmers’ protest coming to an end on Wednesday, Rakesh Tikait, who has been spearheading the movement, clarified that it will not be called off until everything is…Continue Reading