Italy’s Banca Monte dei Paschi di Siena (BMPS.MI) was the worst performer in the EU-wide stress test conducted by the European Banking Authority and the European Central Bank, according to results published on July 30. Under the latest test, European banks had to estimate the state of their capital within Continue Reading
Pfizer and Moderna raise prices for COVID-19 vaccines in EU- FT
Pfizer Inc and Moderna Inc have raised the prices of their COVID-19 vaccines in their latest European Union supply contracts, the Financial Times reported on Sunday. The new price for the Pfizer shot was 19.50 euros ($23.15)against 15.50 euros previously, the newspaper said, citing portions of the contracts seen. The price of a Continue Reading
Majority of COVID-19 cases at large public events were among vaccinated -U.S. CDC study
A new study by the U.S. Centers for Disease Control and Prevention showed that three-quarters of individuals who became infected with COVID-19 at public events in a Massachusetts county had been fully vaccinated. The study, published on Friday, showed that three-quarters of those infected were fully vaccinated, suggesting the Delta Continue Reading
Fauci hopes U.S. regulators fully approve COVID-19 shots by mid-August
Top U.S. infectious disease expert Anthony Fauci said on Friday he hopes U.S. regulators could as soon as the middle of next month start granting full approval for the use of COVID-19 vaccines, which already are authorized on an emergency basis. Formal approval by the U.S. Food and Drug Administration Continue Reading
Shell boosts dividend and launches buybacks as profit soars
* Profits surge to $5.5 bln, highest since late 2018 * Shell boosts dividend by 38% * Launches $2 billion share buyback Royal Dutch Shell boosted its dividend and launched a $2 billion share buyback programme on Thursday after a sharp rise in oil and gas prices drove second quarter profits Continue Reading
Chancellor Sunak says no decision yet on whether to introduce a CBDC
UK Chancellor Rishi Sunak has responded to an article in the Daily Mail denying that any central bank digital currency (CBDC) could directly replace cash. “We want to make sure the UK is at the cutting edge of innovation and technology in financial services, so it’s right that we explore Continue Reading
UK’s Auditing Regulator Calls Out KPMG For ‘Unacceptable’ Bookkeeping
The UK Financial Reporting Council on Friday said that KPMG’s auditing remains unimproved and “unacceptable” for the third consecutive year. In the same report, the council added that that 29% of all auditing work in the market remains subpar. The report inspected the auditing work of the UK’s seven largest Continue Reading
EU to tighten rules on cryptoasset transfers
By Huw Jones July 20 (Reuters) – Companies that transfer bitcoin or other cryptoassets must collect details of senders and recipients to help authorities crack down on dirty money, EU policymakers proposed on Tuesday in the latest efforts to tighten regulation of the sector. The law proposed by the European Continue Reading
Virus, inflation woes send FTSE 100 to two-month low
* FTSE 100 down 1.4%, FTSE 250 off 1.1% The FTSE 100 fell to a two-month low on Monday on concerns that a spike in coronavirus infections could derail a nascent economic recovery, while a recent surge in inflation raised fears of a quicker tapering in global monetary stimulus. The Continue Reading