Business

Deutsche Bank AG has been sued for $150 million by a former trader whose conviction for rigging the Libor rate benchmark was overturned, and who says the bank framed him …

Deutsche Bank sued for $150 mln in New York by exonerated trader who alleges coverup Read More

Fitch Ratings on Friday affirmed Mexico’s long-term local-currency and foreign-currency issuer default rating (IDR) at ‘BBB-‘, with a stable rating outlook. “Mexico’s rating is supported by a prudent macroeconomic policy …

Fitch affirms Mexico at ‘BBB-‘, notes “prudent” policies alongside muted growth Read More

Yandex Market, owned by Russian internet giant Yandex (YNDX.O), said on Friday it had agreed to buy up the remaining inventory of Swedish furniture giant IKEA (IKEA.UL), which has closed …

Yandex buys up remaining IKEA Russia inventory Read More

Private equity firm KKR & Co (KKR.N) is seeking buyers for Canadian oil and gas producer Westbrick Energy Ltd to cash in on high energy prices, in a potential deal …

Buyout firm KKR looks to sell Canadian gas producer Westbrick Read More

Tesla Inc (TSLA.O) recalled nearly 30,000 Model X cars in the United States over an issue that may cause the front passenger air bag to deploy incorrectly, sending its shares …

Tesla recalls 30,000 Model X cars, shares hit two-year low Read More

The Securities Commission of The Bahamas said it had seized digital assets of FTX’s Bahamas unit, an action that the collapsed crypto exchange’s U.S.-based leadership initially believed to be a …

Bahamas regulator confirms FTX asset seizure after hack accusation Read More

Makers of everything from toys to tortillas are increasingly setting minimum prices on their goods to maintain profits and limit price cutting as retailers like Walmart Inc (WMT.N) and Amazon.com …

First TVs, now tortillas: U.S. companies set minimum prices to halt discounting Read More