Workers at New Zealand's state-owned Kiwibank have gone on strike over the bank's latest pay offer. The workers' union says the 2.25 percent offer does not add up and that the bank can easily afford to improve it.
A UK High Court judge has ordered a worldwide freeze on VietJet's assets after London investment firm FitzWalter argued the Vietnamese airline could try to hide or spend them amid an ongoing dispute. The ruling prevents VietJet from moving assets beyond the court's reach while the underlying case proceeds. The airline has not publicly detailed its response to the order.
Investors are paying sharply more to insure against an Oracle bond default, a sign of growing unease over the debt the company has taken on to fund artificial-intelligence data centers. Several Wall Street analysts say credit markets, not stock prices, are becoming the clearest stress gauge for the AI buildout.
Concerns financial contracts known as derivatives were incorrectly logged, potentially boosting Barclays’ profits
The Bank of England is reportedly looking into Barclays’ handling of loans linked to the embattled private credit sector.
The Bank’s regulatory arm, the Prudential Regulation Authority (PRA), started reviewing the matter this year after concerns were raised by a Barclays insider, according to the Financial Times.
Paraguay's Association of Banks, representing 14 private lenders, has asked the Central Bank to report on the solvency of institutions that received facilities during merger processes. The request follows calls from both ruling-party and opposition senators for the bank's leadership to be removed. The pressure also touches President Santiago Peña's administration.
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