Westpac to launch court action in Greece against Bill Papas

Westpac has won permission from an Australian court to launch legal action in Greece to enforce freezing orders over the international assets of alleged fraudster Bill Papas. The Federal Court approved the bank’s request amid concerns the colourful soccer identity has squirrelled away tens of millions of dollars in the country. The Federal Court has […]

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SAB Biotherapeutics: SAB-185 Met Virology Criteria To Advance To Phase 3 Trial To Treat COVID-19

SAB Biotherapeutics, Inc. (SABS), a clinical-stage, biopharmaceutical company focused on human polyclonal antibodies, reported Monday positive Phase 2 safety and efficacy data of SAB-185. The data demonstrated that SAB-185 met the criteria required for advancement to Phase 3 in the US National Institutes of Health or NIH COVID-19 ACTIV-2 Trial. SAB-185 is a fully-human, specifically […]

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Westpac warns Omicron outbreak reveals ‘multi-speed’ economy

For our free coronavirus pandemic coverage, learn more here. Westpac’s head of business banking says hardship claims from the bank’s customers have been much smaller than in earlier waves of the pandemic, but warns the Omicron wave has created a multi-speed economy. As many consumers avoid physical stores, Westpac senior executive Shane Howell said industries […]

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Cathie Wood’s ARK Invest Buys for 1\/21

Markets slid again to close out the week as investors are concerned about potentially rising rates. The Nasdaq got the worst of it, down close to 3%, with tech leading the charge down. ARK Funds got crushed as well. ARKG performed the best out of the group, with a 2.4% loss on the day, while […]

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See video of CEO firing 900 employees on Zoom call

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business)Every year, BlackRock (BLK) CEO Larry Fink, one of the most powerful people in global finance, […]

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Rupee slips 9 paise to close at 74.24 against U.S. dollar

The rupee finally settled at 74.24. Declining for the second straight session, the rupee on Monday fell 9 paise to close at 74.24 (provisional) against the U.S. dollar as muted domestic equities and elevated crude oil prices weighed on investor sentiments. At the interbank foreign exchange market, the local currency opened at 74.18 against the […]

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