Chevron's annual earnings more than doubled to $36.5 billion profit for 2022 marking a historic profit for the company. However, it is falling short of Wall Street projections due to asset write-downs and a drop in oil and gas prices. The adjusted net profit of the...
The shares of Lucid Group (LCID.O) rose 43% on Friday, trimming gains after tripling on financial speculation. Saudi Arabia's Public Investment Fund (PIF) sought to take out the electric vehicle company after the EV maker Lucid rises on the report. The conjecture...
The European Union is an appealing market for various business opportunities. It is well-known for its long-term political stability, strategic location, competitive taxation regime, competent workforce, and thriving international community. Foreign investors and...
Serbia is not your average foreign banking jurisdiction. While this is true, banks based in Serbia have witnessed a surge of personal and corporate bank account applications from foreign investors in recent years. In fact, it has taken over a lot of banking business...
A multi-currency account is typically a bank account at a bank or financial tech firm, allowing you to spend, receive, and hold multiple currencies. It can function like an international checking account featuring multiple sub accounts, each with a different...
With limited natural resources to rely on, the monumental economic success of Singapore is largely caused by its comprehensive trade networks and government programs that have made it an attractive jurisdiction among international investors. Multinational corporations...
According to a report published by the Monetary Authority of Singapore, there has been an increase of bank account opening in the country among non-residents. To date, Singaporean banks hold more than USD 36.35 billion of non-resident money. Opening a bank account in...
The investment relationships between Italy and Luxembourg are strong and solid for certain financial activities. Italian investors looking forward to investing in Luxembourg should be aware that the wealth management sector is very well represented by other Italian...
With the astronomical rise in the popularity of cryptocurrencies this year, does this new crypto technology have what's needed to replace banks? If you’ve recently joined the crypto bandwagon or have long been trading crypto, you were most likely enamored by the...
British and other European private equity firms that utilize currencies other than their base currency typically deal with various foreign exchange risks. As the financial world is becoming more interconnected, central banks of different countries are pumping...
