Category: Business

Russia’s 12th Biggest Bank Gets Bailout, ‘Domino Effect’ Unlikely

Russia’s 12th Biggest Bank Gets Bailout, ‘Domino Effect’ Unlikely © Sputnik/ Ruslan KrivobokBusiness22:15 23.09.2017(updated 04:52 24.09.2017) Get short URL287980 The Russian Central Bank said Thursday that it would unveil extra capital to rescue B&N Bank. As a result, the regulator will become the main investor in the troubled lender and its affiliates. The situation, however, […]

Monetizing Cybercrimes: SEC Hack Could Potentially Lead to Market Manipulation

Monetizing Cybercrimes: SEC Hack Could Potentially Lead to Market Manipulation © Photo: PixabayUS16:38 23.09.2017(updated 21:49 23.09.2017) Get short URL125302 US equity markets could be manipulated by hackers trading with insider data possibly stolen from the US Securities and Exchange Commission (SEC), Stephen Neville, associate professor of software engineering at the University of Victoria, told Sputnik. […]

Fitch Upgrades Russia’s Issuer Default Ratings Outlook to Positive

Fitch Upgrades Russia’s Issuer Default Ratings Outlook to Positive © Sputnik/ Vladimir PesnyaBusiness00:42 23.09.2017Get short URL118020 Fitch has upgraded Russian long-term foreign and local currency IDRs from stable to positive. WASHINGTON (Sputnik) — Fitch upgraded Russia’s long-term foreign and local currency issuer default ratings from stable to positive, citing progress in strengthening the country’s policy framework, the global rating […]

Absurdly Wealthy: Oil-Rich Norway’s Piggy Bank Surpasses $1 Trillion Landmark

Absurdly Wealthy: Oil-Rich Norway’s Piggy Bank Surpasses $1 Trillion Landmark © REUTERS/ Nerijus Adomaitis/File PhotoBusiness14:04 22.09.2017(updated 15:30 22.09.2017) Get short URL487490 Norway’s sovereign oil fund, the largest in the world, has exceeded the milestone value of a trillion dollars for the first time, amid a hot debate on efforts to overcome the Nordic country’s “petroholism.” […]

L’Oreal Daughter Set to Inherit $44Bln From Mother After Row

L’Oreal Daughter Set to Inherit $44Bln From Mother After Row © AP Photo/ Thibault CamusBusiness14:27 22.09.2017(updated 20:44 22.09.2017) Get short URL8154712 Liliane Bettencourt, a French cosmetics heiress who was said to be worth US$44 billion, has died aged 94. Sputnik looks back at the bitter inheritance row with her daughter, which made “l’affaire Bettencourt” the […]

Sorry Is No Longer the Hardest Word: When High-Profile CEOs Apologize

Sorry Is No Longer the Hardest Word: When High-Profile CEOs Apologize © AP Photo/ Niall CarsonBusiness19:36 22.09.2017Get short URL 0 10420 Ryanair chief Michael O’Leary has become the latest high-profile business boss to admit to getting it totally wrong, describing himself as a “clown” over the fiasco that has left thousands stranded or without holidays. […]

China Finance Ministry Calls S&P Debt Downgrade Mistake

China Finance Ministry Calls S&P Debt Downgrade Mistake © AFP 2017/ STRBusiness06:53 22.09.2017(updated 13:25 22.09.2017) Get short URL274384 The Chinese Finance Ministry said that a downgrade of China’s sovereign credit rating by S&P was incomprehensible. BEIJING (Sputnik) — A downgrade of China’s sovereign credit rating by the US financial services agency, Standard & Poor’s (S&P), was incomprehensible and […]

Alpine Freshness: Swiss Company Starts Exporting Mountain Air

Alpine Freshness: Swiss Company Starts Exporting Mountain Air © AFP 2017/ FABRICE COFFRINIBusiness16:35 20.09.2017(updated 18:45 20.09.2017) Get short URL119701 A small but ambitious Swiss start-up seeks to tackle “terrible pollution” and “debilitating health problems” as it sets its market sights on China and other industrial countries where clean air is of vital importance. The firm […]