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Monthly Archives: March 2018

Angola charges son of ex-president dos Santos with fraud

Eric Lafforgue | Art in All of Us | Getty Images Banco Nacional de Angola, in the capital Luanda The son of Angola’s ex-president, José Filomeno dos Santos, has been charged with fraud relating to a $500 million transaction out of an account belonging to the central bank, the prosecutor …

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Longfin loses more than a third of its value after it gets boot from Russell 2000

Shares of Longfin plunged for a second straight day after FTSE Russell said it would remove the stock of the small, cryptocurrency play from the benchmark Russell indexes. Longfin (Ticker: LFIN) closed 41.5 percent lower Tuesday at $34.68 a share. The little-known stock fell 16.6 percent Monday after noted short …

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Moody’s downgrades Tesla credit rating on Model 3 production delays

Moody’s downgraded Tesla’s credit ratings Tuesday and changed its outlook to negative from stable, citing “significant shortfall” in the Model 3 production rate and a tight financial situation. The credit ratings agency also said the electric car maker will likely need to raise more money in the near future to …

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US to end special status for Liberian immigrants: White House

Paul J. Richards | AFP | Getty Images An international air traveler is cleared by a U.S. Customs and Border Protection Officer inside the U.S. Customs and Immigration area at Dulles International Airport. President Donald Trump said on Tuesday that special legal status for certain immigrants from Liberia, including Temporary …

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Deutsche Bank, in search of new CEO, asked Goldman’s Gnodde

Kai Pfaffenbach | Reuters 2016A statue is seen next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany. Deutsche Bank approached Goldman Sachs international chief Richard Gnodde to ask if he would be interested in taking the helm of the German lender, but the executive turned it down, according …

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All the lawyers declining to represent Trump in Mueller probe

Leah Millis | Reuters President Donald Trump takes part in a forum called Generation Next at the Eisenhower Executive Office Building in Washington, U.S., March 22, 2018. As special counsel Robert Mueller’s investigation inches closer to Donald Trump, the president has been increasingly hard pressed to fill out his legal …

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Saudi stock exchange chairwoman on gearing up for giant Aramco IPO

Fayez Nureldine | AFP | Getty Images Sarah al-Suhaimi, chairwoman of the Saudi Stock Exchange. Aramco, the world’s largest oil company, intended to go public in a major financial city such as New York or London. It was expected to be the largest ever share listing with a valuation of …

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we’re working on projects related to food

Getty Images Scientist Dr. Astro Teller speaks speaks at Goalkeepers 2017, at Jazz at Lincoln Center on September 20, 2017 in New York City. The CEO of Alphabet’s research and development arm, X, says that the company is working on several projects related to agriculture and food production. Astro Teller, …

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Trump’s approval rating dips after opposition to tariffs

While nearly all financial indicators of American economic optimism have surged to post-recession highs, President Donald Trump’s approval rating has dipped amid opposition to his tariffs and little effect seen so far from the tax cuts. The CNBC All-America Economic Survey for March shows the president’s approval rating dipping a …

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OPEC, Russia consider 10-20 year oil cooperation: Saudi Crown Prince

Pavel Golovkin | AFP | Getty Images Russian President Vladimir Putin (L) shakes hands with Saudi Deputy Crown Prince and Defence Minister Mohammed bin Salman during a meeting at the Kremlin in Moscow on May 30, 2017. OPEC and Russia are working on a long-term deal to cooperate on oil …

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