financial times
- Finance
FRC blasted over ‘joke’ sanctions for junior KPMG staffer in Carillion case
Junior accountants have criticised the audit regulator for its “harsh” pursuit of ex-KPMG junior Pratik Paw, who is facing a…
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StanChart says 48,000 bankers are working hybrid after pandemic overhaul
Close to 48,000 Standard Chartered employees are now working in a formal hybrid pattern after the bank overhauled its working…
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KKR continues Asia push as PE giant closes new credit fund
KKR said 25 May that it has closed a new credit fund focused on the Asia market, as the New York-listed investment…
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City heavyweights sour on Boris Johnson after ‘Partygate’
City heavyweights are losing patience with Boris Johnson after the ‘Partygate’ scandal, as support dwindles for a Prime Minister facing calls…
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Mark Mobius sees bitcoin plunging to $10k: ‘Buy the dip will not work’
Veteran emerging markets investor Mark Mobius has warned investors not to “buy the dip” following the latest crash in bitcoin’s…
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HSBC plans trader hires as part of first foray into carbon market
HSBC is looking to enter the voluntary carbon market for the first time, joining Citigroup, BP and Shell as the…
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Davos throws up wardrobe challenges as leaders descend on a warmer WEF
As chief executives, world leaders and billionaires converge in the Swiss Alps for the first World Economic Forum annual gathering…
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Canadian inflation rises to 6.8%: What you need to know
Breadcrumb Trail Links News FP Economy Inflation highest since January 1991 Publishing date: May 18, 2022 • 2 days ago • …
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Cargojet CEO says inflation, labour shortages suggest ‘almost recessionary economy’
Breadcrumb Trail Links Transportation News FP Economy Airlines 2022 ‘very different picture’ for freight carrier Cargojet Inc. Chief Executive Officer…
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Stories of economic reconciliation through partnerships take the stage at 2022 Indigenous Partnerships Success Showcase next week
Article content Third annual event chaired by Squamish Nation Chief Ian Campbell, supported by GCT Global Container Terminals and other…
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First stop Samsung: Biden touts S.Korean role in securing global supply chains
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Trevor Hunnicutt and Josh Smith Article content PYEONGTAEK…
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City influencers celebrate Financial News’ 25th anniversary
Some of the highest-profile names in the City gathered to mark 25 years of Financial News on 17 May. From…
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Dream Residential Real Estate Investment Trust Provides April Property Update and Announces May 2022 Monthly Distribution
Article content TORONTO — DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U) (“Dream Residential REIT” or the “REIT”) today provided…
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CUPE Rectifies Pay Injustice for Members at Air Canada
Article content VANCOUVER, British Columbia — CUPE’s Air Canada Component is pleased to see progress on an important pay issue…
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SoftBank-backed fintech giant Klarna looks for new funds at lower valuation
Klarna Bank is seeking to raise new funds that could value the fintech giant at almost a third less than…
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‘I Had to Go Back’: Over 55, and Not Retired After All
“If I could’ve left at 62, I would’ve left at 62, but I can’t,” she said. “Not all of us…
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Axa IM eyes launch of new private markets business
Axa Investment Managers, the €864bn fund management unit of the French insurance group, plans to establish a new business unit…
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Asian shares tumble as global growth fears mount
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Stella Qiu and Alun John Publishing date: May…
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Toshiba Expands Collaboration with MikroElektronika Introducing the Clicker 4 for TMPM4K Development Board for Motor Control
Article content Comprehensive assessment of key functional parameters enabled, but with minimal investment needed Article content KAWASAKI, Japan — Toshiba…
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Premier Health Reports FY2022 Second Quarter Results
This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing…
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Asia to Ramp Up Gasoline Exports to US as Sky-High Prices Beckon
Breadcrumb Trail Links PMN Business Author of the article: Bloomberg News Elizabeth Low Publishing date: May 18, 2022 • 25 minutes…
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Wall Street tumbles as Target and growth stocks sink
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Amruta Khandekar and Noel Randewich Publishing date: May…
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Yellen: Not legal for U.S. to seize Russian official assets
Breadcrumb Trail Links PMN Business Author of the article: Article content BONN — The United States does not have legal…
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Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll
A sign of a home for sale is pictured in Alhambra, California on May 4, 2022. Frederic J. Brown |…
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Rogue trader, euro zone crisis and war, Socgen’s CEO ends ‘bumpy’ ride at top
Breadcrumb Trail Links PMN Business Author of the article: Reuters John O’Donnell and Julien Ponthus Article content FRANKFURT/LONDON — Societe…
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CEO outlook dims sharply, with more than half expecting a recession ahead, survey shows
Corporate executives are taking a dim view of their prospects, with a majority now expecting a recession ahead, according to…
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Meet the 24-year-old who quit hedge fund Citadel to get rich in blockchain network Terra. Two months later, ‘there is no Terra anymore’
At the start of 2022, Neel Somani was a quantitative research analyst working at Citadel, billionaire Ken Griffin’s powerhouse hedge-fund…
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Novateur Ventures Participates in Founding and Financing of Epitopea, a New Cancer Therapeutics Company
This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing…
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JPMorgan chief Jamie Dimon has $50m bonus rejected by shareholders
JPMorgan Chase shareholders objected to a roughly $50m retention bonus for chief executive Jamie Dimon and voted against the bank’s compensation…
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Hedge funds to crypto traders: ‘Told you it was a bubble’
Investors are being bombarded from all angles. Covid continues, inflation is rampant, war rages in Ukraine, and tech stocks are…
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Zombie unicorns: Indian startups go from feast to famine
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Article content MUMBAI — The valuation of Meesho, the…
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Extreme fear? Seriously?
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Publishing date: May 18, 2022 • 11 minutes ago • …
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Japan’s Economy Shrank 1 Percent as Consumers Fled Covid
TOKYO — Last December, after two years of stop-and-go growth, Japan’s economic engine seemed like it might finally be revving…
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Private equity’s newest target: Your pension fund
Buyout bosses are eyeing up a vast pool of potential capital in the pensions sector. They are hoping to gain…
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Why Justin Trudeau broadened his trade agenda to include ‘dusty penny’ Jamaica
Breadcrumb Trail Links FP Economy Business Agriculture Ranked first in the Caribbean for the ease of doing business, island nation…
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Regulators must tackle ‘severe risk’ of greenwashing, IOSCO says
The secretary general of the International Organisation of Securities Commissions, Martin Moloney, said regulators must tackle rising concerns of greenwashing. “It’s…
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Fund manager M&A frenzy spills into first quarter as global deals reach $18bn
The wave of fund manager M&A that drove global deal numbers to a record high last year has run into 2022, with the…
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Why are investors so jittery about streaming?
Therese Poletti writes the Tech Tales column for MarketWatch. Jeremy Owens is MarketWatch’s technology editor and San Francisco bureau chief…
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Martin Gilbert: Amid economic chaos, fund managers can prove their worth
Martin Gilbert is the co-founder and former chief executive of Aberdeen Asset Management (now Abrdn). He is chair of AssetCo and…
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SEC chair Gary Gensler says crypto assets are securities and thus ‘core to our remit’
Securities and Exchange Commission chair Gary Gensler said that crypto assets count as a “security contract”, which falls under the…
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FCA sees flood of applicants for prized crypto job
Seventy-six applicants are vying to head up crypto regulation at the Financial Conduct Authority, Financial News can reveal. That is…
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Grayscale launches ETF in Europe to track ‘future of finance’ stocks like Coinbase, Robinhood
Grayscale is launching its first European ETF, the Grayscale Future of Finance UCITS, which will list on the London Stock…
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KPMG and former staff face ‘serious regulatory sanctions’ over misleading Carillion probe
KPMG and multiple former staff members are facing “serious regulatory sanctions” over their engagement in a conspiracy to mislead inspectors…
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Newly public data show few Black economists at the Fed.
Black researchers made up about 1.5 percent of the Federal Reserve system’s 945-person staff of doctorate-level economists at the end…
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Fed Chair Says Bringing Inflation Down Will Take ‘Some Pain’
Jerome H. Powell, the Federal Reserve chair, said in an interview on Thursday that lowering inflation is likely to be…
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