Recent Posts

US jobs trail forecasts; wages climb least since mid-2018

Bloomberg The US labour market ended the year with less momentum, as payroll gains cooled by more than forecast and wages rose at the weakest annual pace since 2018, even as unemployment held at a half-century low of 3.5%. Nonfarm payrolls rose 145,000 in December, the least since May, after a downwardly revised 256,000 advance the prior month, according to ...

Read More »

US mulling overhaul of antitrust rules for vertical mergers

Bloomberg US antitrust enforcers are proposing new guidelines for determining whether to approve mergers that combine companies that don’t compete with one another but operate in the same supply chain. The Justice Department and Federal Trade Commission announced criteria for how they would evaluate so-called vertical mergers in the future. If finalised, the guidelines would replace rules that haven’t formally ...

Read More »

Wirecard chairman resigns in midst of accounting controversy

Bloomberg Wirecard AG Chairman Wulf Matthias resigned after months of controversy over the digital payments company’s accounting practices. Matthias stepped down as chairman of the supervisory board for personal reasons, and will be replaced by Thomas Eichelmann, the Aschheim, Germany-based company said Friday in a statement. Matthias will remain a member of the board. The payment processor’s shares have whipsawed ...

Read More »
Send this to a friend