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CAP

Layoffs show little sign of rising after end of shutdown — jobless claims drop to seven-month low

A flurry of layoffs by large companies such as Amazon and Verizon haven’t made a big dent — so far — in the number of people applying for unemployment benefits, a sign the U.

A flurry of layoffs by large companies such as Amazon and Verizon haven’t made a big dent — so far — in the number of people applying for unemployment benefits, a sign the U.S. labor is still in stable condition.
MarketWatch - Top StoriesNov 26, 1:43 PM
MA

NewtekOne Initiates Exchange Offer for Senior Notes to Improve Financial Flexibility

NewtekOne, Inc. has announced an exchange offer to swap its outstanding 5.50% Notes due 2026 for new 8.50% Fixed Rate Senior Notes due 2031, aiming to strengthen its capital structure. This transaction involves an aggregate principal amount of $95 million in old notes and is set to expire on January 9, 2026.

NewtekOne, Inc. (NASDAQ: NEWT), a Maryland-based financial holding company, has filed an amendment to its registration statement with the Securities and Exchange Commission (SEC) to initiate an exchange offer, allowing holders of its outstanding 5.50% Notes due February 1, 2026 (the 'Old Notes') to exchange them for new 8.50% Fixed Rate Senior Notes due February 1, 2031 (the 'New Notes'). This strategic move is designed to enhance NewtekOne's financial flexibility by extending the maturity of...
USFMNov 26, 1:34 PM
CAP

Reeves: OBR Release Is a ‘Serious Error on Their Part’

Chancellor of the Exchequer Rachel Reeves says the unprecedented early publication of the Office for Budget Responsibility’s budget analysis is a “serious error on their part” and “deeply disappointing.

Chancellor of the Exchequer Rachel Reeves says the unprecedented early publication of the Office for Budget Responsibility’s budget analysis is a “serious error on their part” and “deeply disappointing.” She made the comments at the start of her budget statement in the House of Commons in London.
Bloomberg MarketsNov 26, 1:25 PM
CAP

Sarkozy Loses Last Bid to Overturn Campaign Overspending Conviction

Former French President Nicolas Sarkozy, freshly out of jail over an alleged electoral funding conspiracy, has lost his final bid to overturn a separate guilty finding for overspending in his failed 2012 re-election campaign.

Former French President Nicolas Sarkozy, freshly out of jail over an alleged electoral funding conspiracy, has lost his final bid to overturn a separate guilty finding for overspending in his failed 2012 re-election campaign.
Bloomberg MarketsNov 26, 1:24 PM
CAP

Safran Plans to Boost Procurement From India 400% by 2030

French aircraft engine maker Safran SA will quintuple component procurement from India to €500 million ($579 million) by 2030, highlighting the country’s rising stature as a major aviation market.

French aircraft engine maker Safran SA will quintuple component procurement from India to €500 million ($579 million) by 2030, highlighting the country’s rising stature as a major aviation market.
Bloomberg MarketsNov 26, 1:20 PM
CAP

ECB’s Guindos Cites ‘Red Lines’ on Capital as Banks Seek Relief

European Central Bank Vice President Luis de Guindos gave one of the starkest signals yet that top officials who are working to lighten the regulatory burden on banks won’t water down their financial strength.

European Central Bank Vice President Luis de Guindos gave one of the starkest signals yet that top officials who are working to lighten the regulatory burden on banks won’t water down their financial strength.
Bloomberg MarketsNov 26, 1:15 PM
CAP

Pimco Sells Stake in Troubled Brazil Telecom Operator Oi

Pacific Investment Management Company sold its entire stake in Oi SA amid a protracted debacle involving the troubled Brazilian telecom operator its creditors.

Pacific Investment Management Company sold its entire stake in Oi SA amid a protracted debacle involving the troubled Brazilian telecom operator its creditors.
Bloomberg MarketsNov 26, 1:09 PM
REG

UK’s £1.4 Billion EV Mileage Tax Will Hit Demand, Watchdog Says

Britain’s electric and plug-in hybrid vehicle owners will be subject to a pay-per-mile tax, under UK budget measures tipped to dent demand at a time when carmakers must meet an EV sales mandate.

Britain’s electric and plug-in hybrid vehicle owners will be subject to a pay-per-mile tax, under UK budget measures tipped to dent demand at a time when carmakers must meet an EV sales mandate.
Bloomberg PoliticsNov 26, 1:07 PM
REG

Watchdog Warns £1.4 Billion EV Mileage Tax Will Hit Demand

Britain’s electric and plug-in hybrid vehicle owners will be subject to a pay-per-mile tax, under UK budget measures tipped to dent demand at a time when carmakers must meet an EV sales mandate.

Britain’s electric and plug-in hybrid vehicle owners will be subject to a pay-per-mile tax, under UK budget measures tipped to dent demand at a time when carmakers must meet an EV sales mandate.
Bloomberg PoliticsNov 26, 1:07 PM
CAP

Congo Cobalt Exports Yet to Resume After Ban Ends, Watchdog Says

The Democratic Republic of Congo is yet to authorize a resumption of cobalt exports, almost six weeks after a ban on shipments lapsed, according to a government regulator.

The Democratic Republic of Congo is yet to authorize a resumption of cobalt exports, almost six weeks after a ban on shipments lapsed, according to a government regulator.
Bloomberg MarketsNov 26, 1:01 PM
CAP

Congo Cobalt Exports Yet to Resume Even After Ban Ends

The Democratic Republic of Congo is yet to authorize a resumption of cobalt exports, almost six weeks after a ban on shipments lapsed, according to a government regulator.

The Democratic Republic of Congo is yet to authorize a resumption of cobalt exports, almost six weeks after a ban on shipments lapsed, according to a government regulator.
Bloomberg MarketsNov 26, 1:01 PM