Welcome to FinancialRadar, your trusted partner in investing and finance. We pride ourselves on providing our readers with relevant and accurate financial news, as well as valuable insights and in-depth analysis. We aim to help you be more informed and confident in the way you make financial decisions.
To provide you with the latest and most relevant information, our financial and economic experts with decades of experience analyze trends and developments in global markets every day. Whether you’re a new investor or a seasoned professional, FinancialRadar is your trusted source of information and inspiration.
We believe that obtaining quality financial information is crucial to successful investing and financial well-being. Therefore, we strive to ensure that our articles are not only useful, but also accessible to a wide range of people. On our website, you can find a variety of articles, analytical reviews, interviews with experts and other materials.
FinancialRadar brings together people striving for financial independence and success. We value our readers and are constantly working to improve our content and services so that you can get the most out of our work.
Join us at FinancialRadar to stay one step ahead in the world of investing and finance!
As reported by the press service of the Ministry of Reintegration, the Cabinet of Ministers amended Decision No. 314, which opened the possibility for representative offices of foreign companies and organizations in Ukraine to engage in the construction of large facilities. We are talking about the construction of facilities related to facilities with medium (CC2) and significant (CC3) classes of consequences.
Groq, a startup that develops semiconductors and software to optimize the performance of AI tasks, aims to help alleviate a huge bottleneck in demand for AI computing power. It was valued at $2.8 billion in a deal led by funds from BlackRock Inc. and included backing from investment units of Cisco Systems Inc. and Samsung Electronics Co.
SocGen said the units being sold – SG Kleinwort Hambros private banking and Societe Generale Private Banking Suisse – had assets under management of approximately €25 billion as of the end of December 2023. SocGen said it plans to complete the sale by the end of the first quarter of 2025 as the company seeks to shed non-core assets to improve its overall performance.
The reason was fears that the US economy could slide into recession. Traders are dumping risky assets en masse, including cryptocurrency, and betting that the Fed will have to cut rates faster to support economic growth, Reuters writes. The so-called VIX fear index, which reflects market volatility, jumped to its highest level since June 2020, Bloomberg writes.
Berkshire sold about 19.2 million Bank of America shares worth about $779 million between July 30 and Aug. 1, according to a regulatory filing late Thursday.
Buffett’s conglomerate has sold 90.4 million Bank of America shares since July 17.
He remains the Charlotte, North Carolina-based bank’s largest shareholder, owning 942.4 million shares, or about 12.1% of the total authorized shares outstanding, worth about $37.2 billion.
“Of course we are interested in the company,” said Iberdrola’s chairman. “I think we will bet on it, but on very reasonable terms.”
Earlier this month, Reuters reported that Spain’s Iberdrola was preparing a binding offer for the British firm.
Iberdrola has plenty of cash after selling some assets in Mexico and cancelling a planned purchase of U.S. energy company PNM Resources.
Audeju iela 16, Central district, Riga, LV-1050, Latvia
