• Mon, December 2, 2024

by: Bill Williamson

JPMorgan's investment banking chair departs, memo says

Wall Street giant JPMorgan Chase's global chair of investment banking Jennifer Nason is set to leave the bank early next year after almost four decades, according to an internal memo seen by Reuters on Monday.

by: Bill Williamson

This Interior Department senior executive has done it all when it comes to money

by: Bill Williamson

America's biggest private company is laying off thousands of workers

Cargill, the megasized Minnesota-based food production giant, is laying off about 5% of its global workforce as food commodity prices drop.

by: Bill Williamson

Insurance cost to drop if GST Council lowers taxes: Finance Minister

by: Bill Williamson

Banks behind troubled Brazil coffee traders could take $181 mln hit

Banks which financed two Brazilian coffee traders that last week sought court-supervised debt restructuring have a total of 1.1 billion reais ($181.6 million) in credit with the firms, court documents seen by Reuters showed on Monday.

by: Bill Williamson

Research shows business outlook in Wales is recovering

by: Bill Williamson

Planet Partners with Laconic to Deliver AI-Powered Forest Carbon Insights, Aiming to Enable Informed Carbon Credit Trading

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that they have signed a multi-year, seven-figure deal with Laconic, a company leading a global shift in climate finance,

by: Bill Williamson

Budgeting isn't for everyone, but 'intuitive spending' has its problems too

Financial pros discuss whether strict budgets are toxic or if flexible financial habits, like "intuitive spending," offer better long-term results.

by: Bill Williamson

How Dick's Sporting Goods Is Succeeding

We also chat with Christine Benz, the author of "How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement."

by: Bill Williamson

Macy's Multimillion-Dollar Error

by: Bill Williamson

Tax hikes push wealthy individuals to exit the UK - what are the risks of relocating?

Increasing numbers of wealthy individuals are exiting the UK in the aftermath of the Autumn Budget. Chancellor Rachel Reeves unveiled £40 billion of tax rises in her first Autumn Budget in October.

by: Bill Williamson

Stock market today: S&P 500, Nasdaq close at record highs as tech surges to kick off December

by: Bill Williamson

Govt lowers FY25 GDP growth forecast to 5.25%, estimates inflation at 9%

by: Bill Williamson

2024 Tech And IT Recap: Transformations, Trials, And Triumphs

Explore 2024's pivotal tech moments, from AI advancements to cybersecurity crises, cloud innovations, and workforce shifts. Key lessons shaping 2025 and beyond!

by: Bill Williamson

$3.5B in Liberals' COVID business loans went to ineligible recipients, auditor general finds

The audit found that the program disbursed loans quickly and in a timely manner during the pandemic. It also found that the vast majority (91 per cent) of loan recipients audited were eligible, though the remaining nine per cent of ineligible recipients represented a $3.5 billion expenditure.

by: Bill Williamson

The Most-Searched Tax Deductions of 2024

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Searching for tax deductions is a way to learn how to save money.

by: Bill Williamson

'Moneyball' and 'Big Short' author Michael Lewis says elite rich Americans often overlook these factors that are key to their success

"There's a natural tendency for people to tell the story of their lives, of their success, forgetting all the accident that was involved, all the help they got, all the gratitude they should feel," said "Moneyball" and "The Big Short" author Michael Lewis on an episode of the Emmy-nominated interview series, "Brief But Spectacular."

by: Bill Williamson

Forget Cyber Monday, Stocks Are On Sale Today

While I'm a frugal person by nature, even I am struggling to avoid the siren call of the Cyber Monday deals. At moments like this, I try to remember that the greatest gift you can give yourself is financial stability—today and for the future.

by: Bill Williamson

Exclusive: Worldline attracts early stage interest from private equity firms, sources say

by: Bill Williamson

GoM proposes fresh band: 35% GST slab likely for tobacco, aerated drinks

"The GoM on rate rationalisation has completed its report, which proposes major adjustments to tax rates on 148 items, with a particular focus on the textile industry"

by: Bill Williamson

ADFW unveils full agenda for 2024 edition, one of the most impactful financial gatherings of the year

Under the esteemed patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, and Chairman of the Executive Council, Abu Dhabi Finance Week (ADFW) has unve

by: Bill Williamson

Costco to end book sales in hundreds of stores. Will Michigan stores see changes?

Book sections at 500 of Costco's 600 stores will be removed, according to Yahoo Finance. Instead of selling the books year-round, shoppers may only spot them at Costco during the holiday season, from September to December, the New York Times reported in June.

by: Bill Williamson

Unlocking Geothermal Energy: Financial Risks and Community Pushback Slow Progress

by: Bill Williamson

Ottawa gave Accenture too much control over $313-million in CEBA sole-source contracts, auditor finds

Much of the responsibility for the pandemic business loan program was outsourced to consulting firm Accenture, Canada's auditor-general has found, and not enough was done to manage the contracts

by: Bill Williamson

Volkswagen is facing its first major strike in years. Here's what to know

Volkswagen (VWAGY) workers across the automaker's home country have gone on strike to protest the company's decision to change labor agreements and — potentially — close factories. Here's what you need to know.

by: Bill Williamson

Aquarius Daily Horoscope Today (Jan 20- Feb 18), December 2, 2024: Positivity will drive you forward!

Aquarius Money Horoscope Today Profits will increase, and plans will bear fruit. Avoid greed and temptation, and keep up the pace. Aquarius Career Horoscope Today In your career and business, you will maintain cooperation from all sides.

by: Bill Williamson

Hurdles slow geothermal energy projects in SE Asia

Providing round-the-clock energy, using minimal space and considered a clean source of power — geothermal energy seems like an ideal option for countries like Indonesia and the Philippines, where the potential is high,

by: Bill Williamson

Stock market today: Nasdaq touches all-time high, S&P 500 holds near record to kick off final month of banner 2024

Failed to fetch dynamically imported module: https://finance.yahoo.com/assets/_app/immutable/nodes/90.BMDkfsfZ.js

by: Bill Williamson

Cheap electric car finance could be on the cards as government aims to boost sales

A newspaper column and whispers suggest that government-backed cheap EV loans could be coming to stimulate market

by: Bill Williamson

Stock market today: Nasdaq jumps, aims for record as stocks kick off final month of banner 2024

Failed to fetch dynamically imported module: https://finance.yahoo.com/assets/_app/immutable/nodes/90.BMDkfsfZ.js

by: Bill Williamson

Stock market today: Nasdaq pops as Dow, S&P 500 hold near record highs to kick off final month of banner 2024

The S&P 500 ( ^GSPC) was relatively flat, coming off a record close, while the Dow Jones Industrial Average ( ^DJI) was little changed on the heels of the index's own all-time high. The tech-heavy Nasdaq Composite ( ^IXIC) was up 0.2%.

by: Bill Williamson

Accenture nominates Masahiko Uotani, Jennifer Nason to board of directors

by: Bill Williamson

St James's Place to cut around 500 jobs, source says

by: Bill Williamson

Roanoke announces new city manager

ROANOKE, Va. (WDBJ) - The Roanoke City Council has announced its new city manager to replace Bob Cowell, who resigned in June. Valmarie H. Turner will join the city in mid-January, with the City Council having unanimously approved an employment agreement with her at its December 2 meeting.

by: Bill Williamson

Stock market today: Nasdaq pops as Dow, S&P 500 hold near records to kick off final month of banner 2024

The S&P 500 ( ^GSPC) edged up roughly 0.1%, coming off a record close, while the Dow Jones Industrial Average ( ^DJI) slipped 0.4% from its recent all-time closing high. The tech-heavy Nasdaq Composite ( ^IXIC) popped 0.8%.

by: Bill Williamson

B2B supply chain financing platform Mintifi raises $80 million from Prosus

The investment firm acquired a 10.65 per cent effective interest in the Mumbai-based fintech with the latest round of fund infusion

by: Bill Williamson

Why Keir Starmer's botched honeymoon with business is firmly in the bin

The Labour Party attempted to woo Britain's businesses, but they were having absolutely none of it and now we know precisely why.

by: Bill Williamson

Trump's second coming: What it means for the global economy and India's next move

The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge? - Issue Date: Dec 08,

by: Bill Williamson

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

Intel CEO CEO Pat Gelsinger has retired, with David Zinsner and Michelle Johnston Holthaus named as interim Co-CEOs. Gelsinger, whose career has spanned more than 40 years, also stepped down from

by: Bill Williamson

Truth about viral prediction that work as we know it will be 'extinct' within a decade

A series of posts on social media purporting to contain stark predictions from a tech guru about the future of work, including that the 9-to-5 model will be dead in a decade, have gone viral.

by: Bill Williamson

Govt to proceed with plan to set up revenue body, Hashim signals

Hashim Djojohadikusumo, Prabowo's top adviser and biological brother, said on Sunday that the Third Deputy Finance Minister Anggito Abimanyu is set to take helm of the planned body once it is established.

by: Bill Williamson

Hero Future Energies to invest $1.3bn in India's Karnataka

Hero Future Energies has signed a memorandum of understanding (MoU) with the government of the Indian state of Karnataka.

by: Bill Williamson

Business cycle funds: Ideal for seasoned investors with macro-driven goals

Business cycle funds aim to optimise returns by aligning their portfolios with different phases of the economic cycle

by: Bill Williamson

Taurus Daily Horoscope Today (April 20- May 20), December 2, 2024: Keep a broad perspective!

Taurus Money Horoscope Today There will be growth in various business matters. Follow rules and regulations, as income sources are likely to expand. Taurus Career Horoscope Today Work performance will improve,

by: Bill Williamson

Why ATM solutions company CMS Info Systems is looking for a queen

Once upon a time, the parent of CMS Info Systems provided traffic management services. Today, the lion's share of its revenue comes from cash management, a business that is under pressure from the rise in digital transactions.

by: Bill Williamson

India removes windfall profit tax on domestically-produced crude oil and fuel exports

by: Bill Williamson

Ripple's XRP Becomes One of World's Biggest Cryptocurrencies After Trump Election Surge

Ripple Labs' XRP Token has come up trumps post-election to become one of the world's biggest cryptocurrencies. The currency leapfrogged Solana's SOL and is now fourth behind only Tether's USDT, Ether token and of course Bitcoin.

by: Bill Williamson

Swiss corruption case involving Trafigura and former executive opens

Trafigura and three other defendants including a former board member go on trial over the alleged payment of bribes to an Angolan oil official for oil deals in a landmark case that opens on Monday.

Swiss corruption case involving Trafigura and former executive opens

Trafigura and three other defendants including a former board member go on trial over the alleged payment of bribes to an Angolan oil official for oil deals in a landmark case that opens on Monday.
The content at the provided URL discusses a significant corruption case in Switzerland involving Trafigura, a global commodities trader, and one of its former executives, Mike Wainwright. The trial, which opened on December 2, 2024, in the Swiss city of Bellinzona, centers on allegations of bribery related to oil trading in Angola. Swiss prosecutors are seeking a 30-month suspended sentence for Wainwright, who is accused of orchestrating a scheme where Trafigura paid over $5 million in bribes to secure oil contracts. The case also involves Trafigura itself, which has admitted to the bribery but claims it was unaware of the actions of its employees. The trial is part of a broader crackdown on corruption in the commodities trading sector, highlighting issues of corporate governance and ethical business practices. The outcome of this case could have implications for how companies manage compliance and anti-corruption measures globally.

Read the Full Reuters Article at:
https://www.reuters.com/business/energy/swiss-corruption-case-involving-trafigura-former-executive-opens-2024-12-02/


Similar Business and Finance Publications
Swiss prosecutors on Friday indicted private bank Lombard Odier and one of the firm's former employees for "aggravated money laundering", in a rare charge of such magnitude against one of Switzerland's biggest and oldest wealth managers.
A joint investigation by British newspaper The Observer and Berlin-based anti-corruption organisation Transparency International has revealed that close associates of ousted prime minister Sheikh Hasina,