Money Matters
WeWork searches for cash inflow
WeWork is reportedly looking hard for money. The company, which previously put plans for an IPO in the fridge, appears to be struggling with financial deficits faster than…
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Federal Reserve sees forthcoming risks in economy
The Federal Reserve, the umbrella corporation of US central banks, sees more economic risks in the coming months. This is evident from the minutes of the policy meeting…
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Strikes at GM continues, no solution in sight yet
The millions of devouring strikes at General Motors (GM) ended up in the third week. The main point of contention in the negotiations between the car manufacturer and…
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EU comes with legislation for crypto currency
The European Union needs a joint approach to so-called crypto currency and comes up with legislation to regulate it. Intended first Vice-President Valdis Dombrovskis (Economy) announced this on…
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Lower ArcelorMittal outlook at S&P
Credit rating agency Standard & Poor’s (S&P) lowers the outlook for the creditworthiness of steel company ArcelorMittal to negative, from stable. S&P keeps the credit rating of ArcelorMittal…
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Wall Street rises on interest hopes
The stock exchanges in New York closed considerably higher on Friday. Investors processed a worse-than-expected job report from the US government. However, they put their concerns about the…
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Bob Dudley leaves the BP energy giant
Bob Dudley of the British oil and gas group BP leaves the company. The outgouing chief was at the helm of the energy giant for nine years. He…
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