Analysis-Bank of England offers 'something for everyone', except sterling
By Amanda Cooper and Yoruk Bahceli LONDON/AMSTERDAM The Bank of England's modest rate hike on Thursday soothed politicians'
2023-08-04 01:57
Australian shoppers tempted by special offers in May
By Wayne Cole SYDNEY Australian retail spending rebounded in May as consumers were tempted by online sales events
2023-06-29 11:28
Fed Chair Powell could signal the likelihood of high rates for longer in closely watched speech
When Federal Reserve Chair Jerome Powell delivers a high-profile speech Friday in Jackson Hole, Wyoming, many analysts think he could make one thing clear: That the Fed plans to keep its benchmark interest rate at a peak level for longer than had been expected
2023-08-25 12:25
Netflix stock surges after it announces price hikes and a boost in subscribers
Netflix announced price increases Wednesday for some subscription tiers in the United States, United Kingdom and France.
2023-10-19 04:49
UBS says Credit Suisse CEO to join board in mega merger
Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner will join its executive board following the takeover...
2023-05-09 15:46
Andrea Radrizzani agrees to sell controlling Leeds stake to 49ers Enterprises
Leeds chairman Andrea Radrizzani has agreed a deal to sell his controlling stake in the club to co-owners 49ers Enterprises. As a result the American investment group, owner of NFL franchise the San Francisco 49ers and a minority shareholder in Leeds since 2018, will take full ownership. “Leeds United can confirm an agreement has been reached between Aser Ventures and 49ers Enterprises for the purchase of the club,” said a statement. “Both parties continue to work through the details, and further updates will be provided soon. “All of our focus remains on a quick return to the Premier League.” 49ers Enterprises increased its stake in Leeds to 44 per cent in 2021 with the option of buying Radrizzani’s remaining 56 per cent before January 2024. The Americans had been keen to push through a full takeover this summer, but that agreement, which had valued Leeds at around £400million, was contingent on the club remaining in the Premier League. Leeds’ relegation last month forced both parties back into intense negotiations and a valuation of close to £170m has been agreed. The deal marks the end of Radrizzani’s six-year ownership of Leeds. He completed a full takeover from fellow Italian Massimo Cellino in 2017 and initially proved hugely popular. Radrizzani bought back Elland Road stadium, which had been in private ownership since 2004, and brought in fresh investment when 49ers Enterprises purchased its first 10 per cent stake in 2018. The appointment of Marcelo Bielsa soon after proved a masterstroke as Leeds won promotion back to the Premier League for the first time in 16 years. 49ers Enterprises has steadily increased its stake, while Radrizzani’s relationship with the Leeds fanbase began to sour when Bielsa was sacked in February 2022. Leeds escaped relegation on the final day of the 2021-22 season under Bielsa’s successor Jesse Marsch and Radrizzani promised that the club would not be involved in another survival fight. But results this past season failed to improve and after Marsch was sacked in February, his replacement Javi Gracia and then Sam Allardyce, appointed with four games remaining, failed to halt the slide. When relegation was confirmed with a final-day defeat to Tottenham, Radrizzani was absent from Elland Road, opting instead to remain in Italy to finalise his takeover of Sampdoria. He later admitted Leeds’ board had made mistakes and apologised for the club’s relegation in a personal statement posted on social media. But after it emerged he had offered to use Elland Road as collateral when securing a £26m bank loan to buy Sampdoria – one of his companies and not Leeds owned the stadium – his legacy was further tainted. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Keely Hodgkinson sets new British record at Paris Diamond League Andy Murray targets the next step after reaching Surbiton semi-finals again French Open day 13: Djokovic reaches final as Alcaraz struggles with cramp
2023-06-10 05:16
An Unexpected Recovery Sweeps World’s Riskiest Sovereign Bonds
The world’s riskiest sovereign bonds are having a moment as Wall Street investors seek out high yields from
2023-06-18 20:17
Thodex cryptocurrency boss jailed for 11,196 years in Turkey for fraud
Faruk Fatih Ozer was found guilty of defrauding millions of dollars from investors in his collapsed Thodex platform.
2023-09-08 21:54
China car sales return to growth in Aug, Tesla nearly doubles EV share
BEIJING/SHANGHAI China's passenger vehicle sales returned to growth in August from a year earlier, as further price cuts
2023-09-08 17:27
Macau Shutters All Casinos as Typhoon Saola Hits Gambling Hub
Macau ordered all casinos to close late Friday as Typhoon Saola wreaked havoc across the city, a rare
2023-09-02 07:20
China Central Bank Meets With Private Firms, Pledges Funding
The People’s Bank of China met with lenders and private businesses on Wednesday, pledging to improve their access
2023-08-31 11:59
Oil prices jump more than $4 as Middle East violence rattles markets
By Andrew Hayley BEIJING (Reuters) -Oil prices jumped more than $4 a barrel in early Asian trade on Monday, as
2023-10-09 09:52
You Might Like...
FDIC launches sale of $18.5 billion of Signature Bank loans - Bloomberg News
Starbucks to face lawsuit claiming its fruit drinks are missing fruit
Europeans are still flocking to the scorching Mediterranean. But extreme heat could dent bookings in future
Marketmind: Accelerating US economy sideswipes markets
China's new economic tsar faces challenges emulating his predecessor
Ratings Firms Struggle With Climate Risk in $133 Trillion Market
Large Oil Spill Reported Near Site of Pemex Platform Blast in Gulf of Mexico
Stellantis sees long road ahead for internal combustion engine cars