The Serious Fraud Office’s sprawling investigation into Unaoil, the Monaco-based oil consultancy, has resulted in a pair of existing defendants facing extra charges over allegedly making corrupt payments to secure a $733m Iraqi contract.
Kohl’s on Tuesday reported upbeat quarterly results and lifted its earnings outlook signalling that new chief executive Michelle Gass has taken the helm as the department store chain’s turnround continues.
Santos, one of Australia’s biggest oil and gas companies, on Tuesday rejected a $10.9bn takeover bid by Harbour Energy, saying the offer price was too low and did not represent the full value of the company.
Shares in Intermediate Capital Group popped on Tuesday morning after the London-listed private debt manager reported a strong level of fundraising for its flagship strategy at the beginning of the year and increased earnings from fees despite a drop in profits.
Britain’s rate of economic growth is likely to rebound in the second quarter from near stagnation at the start of the year, senior Bank of England officials told MPs on Tuesday, adding that interest rates are still likely to rise gradually this year.
Anyone after a flavour of what Emmanuel Macron is up against in trying to convince the German establishment of the need for reform of the eurozone should read a letter in the Frankfurter Allgemeine Zeitung signed by 154 economists, among them Hans-Werner Sinn and former European Central Bank executive board member Jürgen Stark.
Malaysia has paid almost RM7bn ($1.8bn) to service debt owed by 1MDB, the south-east Asian nation’s finance ministry said on Tuesday, as investigators ratcheted up their probe into the state investment fund from which $4.5bn is alleged to have gone missing.
Fitch warned on Tuesday that Turkey’s sovereign credit profile could come under pressure if central bank independence is curtailed after a snap election in June that is expected to consolidate power in the hands of President Recep Tayyip Erdogan.