White House in talks to have Oracle, US investors take over TikTok, NPR reports
WASHINGTON (Reuters) -The administration of U.S. President Donald Trump is working on a plan to save TikTok that involves tapping software company Oracle (NYSE:ORCL) and a group of outside investors to effectively take control of the app’s global operations, National…
Bangladesh central bank hires ‘Big Four’ audit firms to review banks it says lost $17 billion, FT reports
(Reuters) – Bangladesh’s central bank has hired three “Big Four” accounting firms – EY, Deloitte and KPMG – to audit banks it says lost $17 billion to business people close to the regime of former leader Sheikh Hasina, the Financial…
People leave New Zealand in record numbers in the 12 months through November
(Corrects headline, paragraphs 1, 2 and 6 to say 12 months through November not “12 months to November”, corrects paragraph 6 to add ended Oct/ 30 not “ended October”) By Lucy Craymer WELLINGTON (Reuters) -People leaving New Zealand hit record…
Strong dollar is a problem for tomorrow: Capital Economics
Investing.com — A strong dollar has often been described as a “wrecking ball” for the global economy, driving up the cost of worldwide trade, tightening financial conditions, and inflation for countries, particularly those in emerging markets, but while king dollar…
Moody’s revises Kenya’s ratings to ‘positive’ on potential liquidity risks easing
(Reuters) – Global ratings agency Moody’s (NYSE:MCO) revised Kenya’s outlook to “positive” from “negative” on Friday, citing a potential ease in liquidity risks and improving debt affordability over time. The East-African country has been struggling with heavy debt and looking…
Moody’s raises Argentina’s rating for the first time in five years
(Reuters) – Ratings agency Moody’s (NYSE:MCO) on Friday raised Argentina’s long-term foreign currency sovereign credit rating to “Caa3” from “Ca”, citing the government’s forceful policy shift that has helped address economic challenges and stabilize external finances. Argentina achieved a record…