Lenders come after Liberty Steel

Winding up petitions against the specialty steels division of Liberty Steel could still go ahead. The company, part of Sanjeev Gupta’s GFG Alliance, employs hundreds of staff in South Yorkshire, including in Rotherham. GFG underwent a restructuring and transformation drive following the collapse of its main lender Greensill Capital. HM Revenue & Customs (HMRC) issued … Read more

World Shares Steady After Wall Street Sinks Into Bear Market | Business News

By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — Shares opened mostly higher in Europe early Tuesday and Asian shares recovered from the worst of their losses following Wall Street’s tumble into what’s called a bear market. London and Frankfurt gained on the open but fell back slightly later in the morning. Shanghai advanced while … Read more

Foreign investors dump yuan amid China’s Covid-19 lockdown, rate cuts

Foreign investors are dumping yuan and fleeing China post COVID-19 lockdown and rate cuts which is exacerbating foreign capital outflow. The HK Post reported that investors are exchanging their money from yuan into dollars and driving up the dollar while pushing down the yuan. Over the past four weeks, the yuan spot rate has lost … Read more

Balint’s Campaign Site Appears to Use Questionable ‘Red-Boxing’ | Politics | Seven Days

In her campaign for US House, Vermont Senate Pro Tempore Becca Balint (D-Windham) appears to be using a frowned-upon tactic known as “redboxing” to attract attention from super PACs that might throw their weight — and money — behind her. Campaigns are not allowed to coordinate with super PACs, which can raise and spend unlimited … Read more

MacKenzie Scott Gives $123M to Big Brothers Big Sisters | Business News

By MARIA DI MENTO of The Chronicle of Philanthropy, Chronicle of Philanthropy MacKenzie Scott gave $122.6 million to Big Brothers Big Sisters of America, the national youth-mentoring charity announced on Tuesday. The gift is the latest of several the billionaire writer has given to large national nonprofits that carry out their missions through local chapters … Read more

Davos climate focus: Can ‘going green’ mean oil and gas? | Technology

DAVOS, Switzerland (AP) — As government officials, corporate leaders and other elites at the World Economic Forum grapple with how to confront climate change and its devastating effects, a central question is emerging: to what extent can oil and gas companies be part of a transition to lower-carbon fuels? In different times the question could … Read more

Comfort Systems USA Increases Stock Repurchase Program | Business

HOUSTON–(BUSINESS WIRE)–May 23, 2022– Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services, today announced that its Board of Directors has approved an amendment to the Company’s stock repurchase program to increase the shares authorized and remaining as available to purchase back … Read more

Davos Updates | Energy Leader Pans Fossil Fuel Investments | Business News

DAVOS, Switzerland (AP) — The head of the International Energy Agency is urging countries and investors not to use Russia’s invasion of Ukraine as a reason to increase fossil fuel investments. Speaking on an energy panel Monday at the World Economic Forum in Davos, Switzerland, Fatih Birol said the immediate response to energy shocks from … Read more

Asian Shares Mixed After Wall St Barely Misses Bear Market | Business News

By ELAINE KURTENBACH, AP Business Writer Shares are mixed in Asia in cautious trading after Wall Street rumbled to the edge of a bear market on Friday. Tokyo and Sydney were higher Monday while Hong Kong and Shanghai declined. Investors were awaiting minutes from the latest policy setting meeting of the Federal Reserve and updates … Read more