Business – Page 604 – Freedom 96.9

HSBC cuts 10% of US debt capital markets team, Bloomberg News reports

Friday, February 20 by SRN News

Feb 19 (Reuters) - HSBC cut 10% of its U.S.-based debt capital markets team, continuing to cull costs after announcing a revamp of the business last October, Bloomberg News reported on Thursday, citing people familiar with the matter. At least six people in New York... Read More.

Indonesian leader signs trade deal with Trump while in Washington for the Board of Peace

Friday, February 20 by SRN News

WASHINGTON (AP) - Indonesian President Prabowo Subianto signed a reciprocal trade agreement on Thursday with U.S. President Donald Trump while in Washington to attend the first meeting of the Trump-led Board of Peace. Details were not immediately released, but the countries had reached a framework... Read More.

Citi bolsters private bank leadership in North America push

Friday, February 20 by SRN News

Feb 19 (Reuters) - Citigroup's Private Bank North America has appointed Chad Reddy as its market executive for the West, the bank said on Thursday. A 25-year wealth management veteran, Reddy previously worked as managing director and market leader at rival Bank of America Private... Read More.

Guzman y Gomez shares plunge as US sales dwindle amid weak demand

Friday, February 20 by SRN News

Feb 20 (Reuters) - Mexican fast-food chain Guzman y Gomez reported a better-than-expected first-half profit on Friday, but sluggish U.S. sales in a challenging consumer environment sent its shares plunging 16% to a record low. Guzman y Gomez (GYG) debuted on the ASX in June... Read More.

ECB fines JPMorgan’s European arm 12.2 million euros for misreporting capital requirements

Thursday, February 19 by SRN News

FRANKFURT, Feb 19 (Reuters) - The European Central Bank fined JPMorgan's European arm 12.18 million euros ($14.32 million) for misreporting capital requirements after it wrongly calculated risk-weighted assets, the ECB said in a statement on Thursday. "Between 2019 and 2024, the bank reported lower risk-weighted... Read More.

Brazil’s government considers easing airlines’ access to public aviation fund

Thursday, February 19 by SRN News

By Marcela Ayres BRASILIA, Feb 19 (Reuters) - Brazil's Ports and Airports Minister Silvio Costa Filho has asked the Finance Ministry to loosen conditions on loans to airlines backed by the National Civil Aviation Fund (FNAC), a public fund expected to release 4 billion reais... Read More.

NASA boss blasts Boeing and space agency managers for Starliner’s botched astronaut flight

Thursday, February 19 by SRN News

NASA's new boss blasted Boeing and the space agency Thursday for Starliner's botched flight that left two astronauts stuck for months at the International Space Station. Administrator Jared Isaacman said poor leadership and decision-making at Boeing led to Starliner's troubles. He also blamed NASA... Read More.

Nutrien expects higher potash demand despite tough conditions for farmers

Thursday, February 19 by SRN News

By Ed White WINNIPEG, MANITOBA, Feb 19 (Reuters) - Top world potash producer Nutrien expects increased demand for the crop nutrient in 2026 despite farmers cutting back on phosphate fertilizer and facing low returns. On its fourth-quarter financial results conference call, the Canadian company said... Read More.

With discovery of secret tunnel, Mexican authorities strike blow against black-market fuel trade

Thursday, February 19 by SRN News

By Stefanie Eschenbacher TEPETITLAN, Mexico, Feb 19 (Reuters) - Mexican authorities raided a tunnel used to steal fuel from a state-owned pipeline this week, offering a rare glimpse into a long-running battle against a black-market trade often dominated by organized crime. The 22-meter-long (72-foot-long) tunnel... Read More.

BofA commits $25 billion to private credit deals, memo shows

Thursday, February 19 by SRN News

Feb 19 (Reuters) - Bank of America is committing $25 billion to private credit deals, according to an internal memo seen by Reuters. Traditional banks such as BofA have been competing with private credit supplied by alternative asset managers. Private credit has become a key... Read More.

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