Modern Business America - Modern Business America

U.S. will start blocking Russia’s bond payments to American investors. WASHINGTON — The Biden administration will start blocking Russia from paying American bondholders, increasing the likelihood of the first default of Russia’s foreign…
Read More...

The commodities giant Glencore will pay $1.1 billion to settle bribery and price-fixing charges. WASHINGTON — Glencore, the mining and commodity-trading giant, has agreed to pay $1.1 billion to settle charges that two of its units bribed…
Read More...

U.S. begins inquiry into industry’s role in infant formula supply shortages. A severe shortage of baby formula has prompted the Federal Trade Commission to begin an inquiry into the industry’s consolidation and whether online resellers…
Read More...

EUROPE Stocks trade lower on GDP data with eyes central bank meetings European stock markets were lower on Tuesday, 31 January 2023, as risk-off sentiment amid weaker than expected euro zone GDP data and on caution ahead of this week's…
Read More...

Adani made scheduled U.S. bond payments, to release credit report Friday Adani Group entities made scheduled coupon payments on outstanding U.S. dollar-denominated bonds on Thursday, a bondholder and a source with direct knowledge of the…
Read More...

South African rand held steady after surge on U.S. Fed comments Reuters: The South African rand held steady on Thursday, after surging a day earlier when the U.S. Federal Reserve signalled it had turned a corner in the fight against…
Read More...

Rupee Gains 12 Paise To 81.76 Against US Dollar Ahead Of Union Budget The rupee opened on a positive note and gained 12 paise to 81.76 against the US dollar in early trade on Wednesday ahead of the Union Budget presentation. At the…
Read More...

US House Panel to Hear Twitter's Role In Censorship Of Biden Family Business Schemes A hearing on Twitter employees' role in concealing reports about the Biden family’s questionable business activities will be held by the US Oversight…
Read More...

Business models should factor in social cost of carbon now: James H Stock Synopsis Social cost of carbon means estimating the monetary value of the damages caused by emitting one ton of carbon. Emitting carbon causes damages both today…
Read More...

Goldman Sachs layoffs 2023: 3,000 employees sacked after calling for business meetings at 7.30 AM The New York Post reported that Goldman Sachs' CEO David Solomon "e-mailed calendar invites that called targeted employees to phony 'business…
Read More...