50/FIFTY

Today's stories, rewritten neutrally

FinanceMar 17

Venezuela's PDVSA Names Asdrubal Chavez to Head US Operations Including Citgo

Venezuela's state oil company PDVSA has appointed Asdrubal Chavez to lead its US operations, including Citgo Petroleum.

3 sources
FinanceMar 26

Monte dei Paschi Board Suspends CEO Amid Governance Dispute

The board of Italy's Monte dei Paschi bank suspended CEO Luigi Lovaglio after a minority shareholder proposed him for reappointment against the board's plans.

2 sources
FinanceApr 14

Private Credit Market Sees Mixed Activity with Default and New Fundraising

BlackRock's Asia fund experiences borrower default while Blue Owl raises $400 million, highlighting diverse conditions in private credit markets.

2 sources
FinanceMar 7

Global Bond Markets Experience Significant Decline

Global bond markets are experiencing one of their worst performances in years amid widespread selling pressure.

2 sources
FinanceApr 13

Rising Beef Costs Challenge Consumers as Meatpacking Workers Secure Wage Gains

Ground beef prices have surged in recent years with further increases expected, while Colorado meatpacking workers negotiate higher wages.

2 sources
FinanceMar 25

Venezuela Oil Production Reaches 1.1 Million Barrels Per Day as Exxon Evaluates Opportunities

Venezuela's oil production hit 1.1 million barrels per day in March while ExxonMobil has a team in the country assessing potential oil investment opportunities.

2 sources
FinanceApr 13

Baker Hughes Sells Waygate Unit to Hexagon for $1.45 Billion

Oil services company Baker Hughes agreed to sell its German-based Waygate testing technology unit to Sweden's Hexagon for approximately $1.45 billion.

2 sources
FinanceMar 25

Two Major Indian Business Deals: Jio IPO Talks and Cricket Team Sale

Reliance Jio discusses investor stake sales for IPO while Diageo sells Royal Challengers Bengaluru cricket team for $1.8 billion.

2 sources
FinanceApr 3

Labor Market Shows Signs of Stabilization Amid Economic Concerns

Former Federal Reserve Vice Chair Roger Ferguson says stabilizing employment conditions provide positive signals for monetary policy decisions.

2 sources
FinanceMar 15

Los Angeles Gas Station Charges Over $8 Per Gallon Amid Rising Fuel Costs

A Chevron station in Los Angeles is charging $8.31 per gallon for regular gasoline, nearly $3 above the city's average price.

2 sources
FinanceMay 1

Mediterranean Restaurant Chain The Real Greek Acquired by Karali Group

The Karali group has acquired 19 of The Real Greek's 28 restaurant locations, rescuing most of the Mediterranean chain.

2 sources
FinanceMar 24

Revolut Reports Record Annual Profit of £1.7 Billion

British digital bank Revolut reported pretax profit of £1.7 billion in 2025, up from £1.1 billion the previous year, driven by growing customer base.

2 sources
FinanceMar 14

Honda Reports First Annual Loss in 15 Years Due to $15.7 Billion EV Charge

Honda flags its first annual loss since 2009, driven by a massive $15.7 billion charge related to its electric vehicle operations and strategy changes.

2 sources
FinanceMar 11

Duke Energy Completes $1.3B Convertible Notes Offering

Duke Energy upsized and completed a convertible senior notes offering, raising $1.3 billion instead of the initially planned $1 billion.

5 sources
FinanceMar 23

Economic Officials Address Inflation and Supply Concerns in Major Economies

Indian PM Modi highlighted strong economic fundamentals while Fed's Goolsbee expressed inflation worries amid global economic uncertainty.

2 sources

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