DIRS.INFO The most relevant business & tech news

☆ Chanel takes haute couture to riverside for Paris show
▼ + stars: | 2023-07-04 | by ( Mimosa Spencer | ) www.reuters.com time to read: +1 min

[1/4] Designer Virginie Viard for Chanel on the banks of the River Seine in Paris. REUTERS/Sarah MeyssonnierPARIS, July 4 (Reuters) - Chanel creative director Virginie Viard chose a quai on the Right bank of the bustling Seine River for her fall haute couture catwalk show, a setting that added breeziness to a relaxed and elegant lineup. French model Caroline de Maigret opened the show, her brown hair worn loose over her shoulders, in a long tweed overcoat cinched at the waist and gold-tipped heels. Adding to the nonchalant spirit, one model was accompanied by a sleek, black labrador, while other models carried baskets of flowers. Reporting by Mimosa Spencer; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Virginie Viard, Chanel, Sarah Meyssonnier PARIS, strode, Caroline de Maigret, Elton John, France Gall, Donner, donner, Dior, Valentino, Thom Browne, Mimosa Spencer, David Holmes Organizations: REUTERS, Haute Couture, LVMH, Thomson Locations: Paris, labrador

☆ Why any M&A boom in banks will mirror shale oil in 2020 — all-stock offers and small premiums
▼ + stars: | 2023-06-27 | by ( Scott Schnipper | ) www.cnbc.com time to read: +2 min

Pioneer Natural bought Parsley Energy at an 8% premium. Devon Energy bought WPX Energy at a 3% premium. Bilson points to Yellen last week highlighting a likely decline in earnings when banks report second-quarter earnings next month. That's already reflected in plenty of well-known banks "now trading with mid-single digit forward EPS multiples" as they are suddenly forced to pay more for their deposits, Bilson wrote. There are other hurdles standing in the way of bank deals, Bank of America analysts led by Ebrahim Poonawala said Monday.

Persons: Janet Yellen, there'll, Don Bilson, Gordon Haskett, Bilson, Ebrahim Poonawala, dealmaking, Poonawala, — CNBC's Michael Bloom Organizations: Silicon Valley Bank, Signature Bank, First, Federal Reserve, Dominion, Chevron, Noble Energy, ConocoPhillips, Concho Resources, Energy, Devon Energy, WPX Energy, Yellen, Bank of America, Regulators, U.S . Department of Justice, Federal Trade Commission, MTM Locations: U.S, Wall, Silicon, Toronto, Concho

I regularly move my money between various high-yield savings accounts and CDs for better rates. Over the years, this has helped me earn thousands of dollars in passive income, since I've been able to find interest rates that often tower over 5%. See Insider's picks for the best 1-year CD rates »1. Since I'm usually moving thousands of dollars at a time, I need to make sure that I'm making a smart money move before taking the leap. Interest rates are constantly changing, which means they sometimes become lower.

Persons: —, I'm, I've, isn't, that's Organizations: Service

☆ State of emergency imposed in Russia-controlled parts of Kherson
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +2 min

June 7 (Reuters) - A state of emergency has been imposed in Russian-controlled parts of Ukraine's Kherson region following the destruction of the Nova Kakhovka dam and the flooding of large area, Russia's TASS state news agency reported on Wednesday. The agency, citing emergency services, said about 2,700 houses were flooded after the destruction of the dam on Tuesday and almost 1,300 people had been evacuated. The destruction of the Moscow-controlled Nova Kakhvovka dam on the Dnipro River flooded a large part of the frontline in the Kherson region. More than 900 people were evacuated on Tuesday from the Russian-controlled city of some 45,000 people on the left bank of the Dnipro River. Ukrainian officials said that some 80 communities in the overall Kherson region were at risk of flooding.

Persons: Vladimir Leontiev, Oleksandr Prokudin, Prokudin, Olena Hamash, Lidia Kelly, Himani Sarkar, Michael Perry, Guy Faulconbridge Organizations: TASS, United Nations, Nova, Russian, Thomson Locations: Ukraine's Kherson, Nova, Moscow, Dnipro, Kherson, Ukraine, Russia, Ukrainian, Russian, Crimea, Kyiv, Melbourne

The road bridge at the Kakhovka Hydroelectric Power Plant last year. The damage reported on Tuesday threatens the nearby nuclear power plant and local communities. A critical dam on the Dnipro River in southern Ukraine was split in half overnight Tuesday, posing significant risks to the safety of a nearby nuclear power plant and surrounding communities. Located near the front line of the war in the southern Kherson region, the barrier and nearby infrastructure have been damaged throughout the war. It has provided water for drinking, agriculture and the cooling of the nearby Zaporizhzhia Nuclear Power Plant.

Persons: Nova Kakhovka, “, Kyrylo Budanov, Vladimir Leontiev, Oleksandr Prokudin Organizations: Tuesday, The New York Times, RIA Novosti Locations: Dnipro, Ukraine, Kherson, Nova, Russian, Russia

Michel Gaubert first crossed paths with Karl Lagerfeld when he worked at a record store on the Champs-Élysée. “All his life Karl was obsessed with music,” he recalled. All his life Karl was obsessed with music. Then one day Eric came and asked if I wanted to work with the Karl Lagerfeld brand. Karl said Diane de Beauvau-Craon [a French princess and a pal of Mr. Lagerfeld’s] would call me.

☆ Ukraine stages raids across Dnipro River as counteroffensive looms
▼ + stars: | 2023-04-25 | by ( Olena Harmash | ) www.reuters.com time to read: +2 min

KYIV, April 25 (Reuters) - Ukrainian forces based on the western side of the River Dnipro are frequently carrying out raids on the eastern bank near the city of Kherson to try to dislodge Russian troops, a regional official said on Tuesday. Yuriy Sobolevskiy, deputy head of the Kherson regional administration, said the raids were intended to reduce the combat capability of Russian troops who have been shelling Kherson city since being forced to retreat. "Our military visit the left (eastern) bank very often, conducting raids. Russia seized the Kherson region soon after its full-scale invasion of Ukraine 14 months ago, and has continued since then to hold all of the region's territory east the Dnipro. Retaking all the Kherson region would be an important step towards achieving this goal.

☆ Stocks and gold cheer U.S. inflation picture, while dollar slides
▼ + stars: | 2023-04-13 | by ( Amanda Cooper | ) www.reuters.com time to read: +5 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 10, 2023. The annual 5% headline rise for U.S. inflation was the smallest since May 2021 and down from 9.1% last June. The dollar index was down 0.2%, near its lowest in two months, while U.S. stock futures , rose 0.1-0.2%, suggesting a modest rally at the open. The Aussie dollar rose 0.6% on the back of surprise surges in both Chinese exports, which rose 14.8% compared with last March, and domestic Australian jobs. Alibaba shares (9988.HK) fell by as much as 5% at one stage, but later pared losses to close 2% lower.

☆ Tech drags Hong Kong stocks, dollar squeezed as US inflation slows
▼ + stars: | 2023-04-13 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

SINGAPORE, April 13 (Reuters) - Asian stocks struggled on Thursday, dragged by selling in Hong Kong tech shares, while the dollar was under pressure and short-dated bonds were firm as softening U.S. inflation seemed to suggest the U.S. rate hike cycle was nearing its end. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slid 0.3%, largely pressured by a 1.5% drop in Hong Kong tech stocks (.HSTECH) in the wake of the Financial Times reporting SoftBank was selling down its Alibaba stake. Alibaba shares (9988.HK) were down 3% in early trade and SoftBank (9434.T) shares flat and neither immediately responded to Reuters enquiries. Elsewhere oil prices held sharp gains made in the wake of the inflation data, with Brent crude futures steady at $87.22 a barrel. Shares of embattled Chinese property developer Sunac China (1918.HK) resumed trade after a more than year-long suspension in Hong Kong, with the company in the midst of a debt restructure.

Below, you'll find our top picks for the best banks for avoiding ATM fees. The best banks for avoiding bank ATM fees have free regional or national ATM networks, so you won't be charged for using an ATM. The Best Banks for Avoiding ATM FeesLendingClub Bank: Best online bank for avoiding domestic ATM feesConnexus Credit Union: Best credit union for avoiding domestic ATM feesChase: Best national bank for avoiding domestic ATM feesCharles Schwab: Best institution for avoiding international ATM feesTD Bank: Best regional bank for avoiding domestic ATM feesBetterment: Best online banking platform for avoiding domestic ATM feesWe've included brick-and-mortar banks, online banks, credit unions, and online banking platforms, so you can choose from a variety of options. Unlimited refunds on out-of-network ATM fees Check mark icon A check mark. You could also refer to the schedules of fees document to review ATM fees and ATM withdrawal limits."

☆ China's industrial profits slump deepens on soft demand, high costs
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: +1 min

The slump in Chinese industrial firms' profits deepened in the first two months of 2023, weighed by lacklustre demand and stubbornly high costs as the world's second-largest economy struggled to fully shake the long-term effects of Covid. NBS statistician Sun Xiao attributed the decline to still soft demand despite an uptick in industrial output, according to a statement on the bureau's website. "Currently, international commodity prices remain at high levels and overseas demand is still on a downtrend," Zhou wrote. "Industrial and manufacturing departments still need to offer policy support, alleviating fiscal, cost and financing pressures and stabilizing firm confidence." Foreign firms posted a 35.7% decline in profits, while private-sector firms saw their profits down 19.9%, according to a breakdown of the 887.21 billion yuan ($128.92 billion) profits.

☆ Wealth managers ramp up staff in Hong Kong to chase Chinese demand
▼ + stars: | 2023-03-24 | by ( Summer Zhen | ) www.reuters.com time to read: +4 min

HONG KONG, March 24 (Reuters) - Wealth management firms are expanding operations aggressively in Hong Kong to meet pent-up demand from rich Chinese individuals looking to invest more money overseas after three years of COVID-19 curbs, industry sources said. Noah Holdings (NOAH.N), the largest independent wealth management firm in China, was among five private banks and wealth management firms Reuters talked to that said they held client events in the city and organised private art tours. Hywin Holdings (HYW.O), another Chinese wealth manager, invited 30 ultra-high-net worth clients to workshops, fund manager visits and even a yacht party in Hong Kong last week. Chinese financial institutions are vying for this growing wealth management business in Hong Kong. Chinese Everbright Bank and Hua Xia Bank set up private banking departments in Hong Kong in the past few months, according to sources familiar with their plans.

☆ ‘I Live in Hell’: The Psychic Wounds of Ukraine’s Soldiers
▼ + stars: | 2023-03-14 | by ( Photographs Antoine D Agata | Text Ellen Barry | ) www.nytimes.com time to read: +15 min

The soldier’s ward is a quiet place, high-ceilinged, with chess boards and a Ping-Pong table; you could mistake it for a rest home, except that the door handles have been removed. Tap Click to read their stories Oleksandr, 21 Occupation: Soldier, former student “I finished school and joined the army in 2021. Now I’m mostly sad; I’m better off alone.” Yulia, 47 Occupation: Soldier; combat medic, independent forensic expert I’m a combat medic. Stanislav, 29 Occupation: Soldier, former cook “I didn’t plan to end up here. I adjust to each person in this way.” Serhii, 42 Occupation: Soldier, former employee at a shipping company On April 28 2022, I joined the air assault forces.

☆ A tidal power 'mega project' in one of Europe's iconic waterways could power 1 million homes. But costs are huge
▼ + stars: | 2023-03-13 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +5 min

Authorities in Liverpool want the river to be home to a huge tidal power project which, they say, could power as many as 1 million homes, generating thousands of jobs for the region in the process. Speaking to CNBC, Martin Land, director of the Mersey Tidal Power Project, outlined how the system would work in practice. Tidal barrage systems in operation today include EDF's 240 megawatt La Rance tidal power plant in France, and South Korea's 254 MW Sihwa Lake tidal power plant, currently the world's largest. The agreement, it added, would see "K-water and the Combined Authority working closely together to explore possibilities for tidal power." "Once operational, Mersey Tidal Power would have the potential to become the world's largest tidal power scheme," he said.

☆ Biden wants to kill junk fees — here's what could change and how you can minimize fees right now
▼ + stars: | 2023-03-08 | by ( Jason Stauffer | Elizabeth Gravier | ) www.cnbc.com time to read: +9 min

But you don't have to wait for the government to take action to reduce your exposure to junk fees. Comparison shop (as well as you can) Ferreting out junk fees can be tricky and different products and services have their own red flags. The CFPB wants to limit credit card late fees and the Biden Administration is pushing for Congress to pass the Junk Fee Prevention Act, which addresses four types of junk fees. Credit card late fees The CFPB has proposed a new rule to limit credit card late fees to $8. While it doesn't come with a welcome bonus or a 0% intro APR period, it also doesn't charge any fees — including late fees.

Big banks have a major advantage over online-only banks when it comes to convenience. Online banks often offer customers better rates and lower fees since big banks have to recoup overhead costs to keep physical branches up and running. That said, there are still competitive brick-and-mortar banks that offer checking accounts with options to waive monthly fees if you meet certain requirements. To help you choose the right bank for your needs, CNBC Select evaluated dozens of checking accounts offered by big banks, offering access to at least 2,000 physical branches and over 4,000 fee-free ATMs in the U.S. We considered features like fees, minimum balance requirements and ease of use, among other factors to choose the top five best big bank checking accounts. (See our methodology for more information on how we choose the best checking accounts.)

☆ Documentary 'On the Adamant' wins Berlin Film Festival's top award
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +1 min

[1/2] Nicolas Philibert poses for a photo with the Golden Bear for Best Film for "On the Adamant" at the 73rd Berlinale International Film Festival in Berlin, Germany, February 25, 2023. Jorg Carstensen/Pool via REUTERSBERLIN, Feb 25 (Reuters) - "On the Adamant," a documentary about a floating daycare centre in Paris for adults with mental disorders, won the Berlin Film Festival's Golden Bear award on Saturday. Accepting the Berlinale's top prize, director Nicolas Philibert said he was deeply touched by the jury's decision to award it to a documentary rather than a work of fiction. "That documentary can be considered cinema in its own right touches me deeply," he said. The festival's Silver Bear for best leading actor went to Sofia Otero, who plays an 8-year-old transgender child in "20,000 Species of Bees."

☆ UK to supply tanks as Russian missiles hit across Ukraine
▼ + stars: | 2023-01-14 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

Earlier this month, France said it would send AMX-10 RC armored combat vehicles to Ukraine, designated “light tanks” in French. Sunak’s announcement came as Russian forces fired missiles at Kyiv and other parts of Ukraine on Saturday in the first major barrage in days. In the northeastern Kharkiv region, Gov. On Saturday morning, two Russian missiles hit Kharkiv, Ukraine’s second-largest city. But that cuts both ways, as Ukraine says its fierce defense of the eastern strongholds has helped tie up Russian forces.

☆ Intense fighting in eastern Ukraine showed the benefits — and limitations — of HIMARS, experts say
▼ + stars: | 2023-01-11 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

HIMARS destroyed Russian positions and depots, allowing Ukraine to retake a huge swath of territory. But Russian forces adapted and were able to limit HIMARS' effectiveness in fighting around Kherson. It was initially devastating, but Russian forces eventually learned how to cope with it, according to two US defense experts. GPS-guided rockets fired from the truck-mounted mobile launcher destroyed Russian headquarters and especially ammunition dumps, which helped curtail Russian artillery fire. Ukraine had access to US intelligence, surveillance, and reconnaissance "that played an important role, but due to political parameters was untouchable by Russia," Kofman said.

A total of 50 rockets fell in the Kherson region, including on military targets. Dimitar Dilkoff / AFP - Getty ImagesThe Kremlin dismissed Ukrainian President Volodymyr Zelenskyy’s 10-point so-called peace plan, saying proposals to end the conflict must take into account what it claims are “today’s realities” of four Ukrainian regions having joined Russia. In September Russia annexed the four regions of Ukraine after the occupied areas held sham votes, which were denounced by Kyiv and the West. We are entering the next year and must retain a common understanding of our national goals,” the statement read. Otherwise, the issue will be decided by the Russian army.”Zelenskyy has said his country will never relinquish land.

A Culture in theCross Hairs Russia’s invasion has systematically destroyed Ukrainian cultural sites. It has also dealt a grievous blow to Ukrainian culture: to its museums and monuments, its grand universities and rural libraries, its historic churches and contemporary mosaics. This is how empires always work.” The war in Ukraine is a culture war, and the extent of the destruction is becoming clearer. Kyiv Sviatohirsk UKRAINE Damaged or destroyed religious sites Areas controlled by Russia at any time since invasion. Kyiv Sviatohirsk UKRAINE Damaged or destroyed religious sites Areas controlled by Russia at any time since invasion.

☆ China's industrial profits drop further as COVID woes take toll on economy
▼ + stars: | 2022-11-27 | by ( Liz Lee | Liangping Gao | ) www.reuters.com time to read: +3 min

BEIJING (Reuters) -China’s industrial firms saw overall profits decline further in the January-October period as COVID-19 outbreaks flared up and cities imposed new virus curbs, including targeted lockdowns, dampening economic activity. Profits declined for 22 of China’s 41 major industrial sectors. Sectors showing the steepest declines included the petroleum, coal and fuel processing industry which saw profits tumble 70.9%. Some sectors that have seen strong profit growth saw the pace of growth slow significantly. Last month, China’s industrial output surged 5.0% from a year earlier, missing expectations for a 5.2% gain in a Reuters poll and slowing from the 6.3% growth seen in September.

☆ At the age of 33, Sam Primm owns 167 rental units after putting zero money down. He told us how he got started on his first property without any experience, and the loans he secured that helped him re
▼ + stars: | 2022-11-27 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Sam Primm used a private lender for his first property, then transferred his loan to a mortgage. Sam Primm said he bought his first property at the age of 26, using money borrowed from a private lender. He borrowed money from a private lender with a plan to pay it back after renovating and selling the property. This let him pay off of existing liens — in his case, the private lender. For that, there are two types of lenders Primm uses to purchase properties initially, a private lender or a hard-money lender.

☆ Ukraine nuclear boss says he sees signs Russia may leave occupied plant
▼ + stars: | 2022-11-27 | by ( ) www.reuters.com time to read: +2 min

KYIV, Nov 27 (Reuters) - The head of Ukraine's state-run nuclear energy firm said on Sunday there were signs that Russian forces might be preparing to leave the vast Zaporizhzhia nuclear power plant which they seized in March soon after their invasion. Repeated shelling around the plant has spurred fears of a nuclear catastrophe. "In recent weeks we are effectively receiving information that signs have appeared that they are possibly preparing to leave the (plant)," Petro Kotin, head of Energoatom, said on national television. Asked if it was too early to talk about Russian troops leaving the plant, Kotin said on television: "It's too early. On Friday, the U.N. nuclear watchdog said Ukraine's three nuclear plants on government-held territory had been reconnected to the grid, two days after a Russian missile barrage forced them to shut for the first time in 40 years.

Search resuls for: "Right Bank"

25 mentions found