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Manchester City announces record profits for 2021-22 | Borneo Bulletin Online

MANCHESTER, ENGLAND (AP) – Manchester City reported record revenues and profits for the club in its latest financial statement released yesterday, saying “beautiful football” was the main reason for its success. Revenues of GBP613 million (USD693 million) for the 2021-22 fiscal year surpassed the figure of almost GBP570 million (USD646 million) the year before for […] ....

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Japan govt spent USD43B to bolster yen in October | Borneo Bulletin Online

TOKYO (AFP) – Japan’s Finance Ministry said yesterday it spent USD43 billion in October to bolster the value of the yen, which has tumbled against the dollar this year to lows not seen since the 1990s. The ministry said it spent JPY6.35 trillion (USD43 billion) on forex intervention operations between September 29 and October 27, […] ....

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Mercedes-Benz doubles net profit in Q3 | Borneo Bulletin Online

FRANKFURT (AFP) – German luxury carmaker Mercedes-Benz said yesterday its net profits in the third quarter doubled year-on-year, to almost EUR4 billion (USD4 billion), driven by better sales in China. Despite continued problems with supply chains, the company saw revenues increase by 19 per cent, to EUR37.7 billion. Incentives from the Chinese government to encourage […] ....

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Credit Suisse to pay EUR238M to settle French fraud probe

PARIS (AFP) – Credit Suisse has agreed to pay EUR238 million (USD234 million) to avoid prosecution on French money laundering and tax fraud charges, according to a settlement approved yesterday by a Paris court. The settlement will see Switzerland’s second-largest bank pay a fine of EUR123 million and pay an additional EUR115 million in damages […] ....

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LS Lowry's 'Going to the Match' sells for nearly GBP8M | Borneo Bulletin Online

LONDON (AFP) – LS Lowry’s Going To The Match, one of the most iconic paintings of 20th Century British art, sold at auction on Wednesday for a record-breaking GBP7.85 million (USD8.81 million). The 1953 artwork features Lowry’s emblematic stick figures set in an industrial landscape of northwest England – in this case, a crowd of […] ....

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