Business

Bank of Guam reopens Mangilao branch

HAGÅTÑA (BoG) — Bank of Guam announces the reopening of its Mangilao branch, effective Tuesday, July 11, 2023. The branch will resume normal operating hours, welcoming customers Monday to Friday from 9 a.m. to 4 p.m. The Mangilao branch was closed since late May after Typhoon Mawar. The reopening o…
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Oil prices up 3% to 9-week high on supply concerns

NEW YORK (Reuters) — Oil prices climbed about 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.95, or 2.6%, to settle at $78.47 a barrel, while U.S. …
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Twitter threatens to sue Meta over Threads platform

(Reuters) — Twitter has threatened to sue Meta Platforms over its new Threads platform in a letter sent to the Facebook parent’s CEO Mark Zuckerberg by Twitter’s lawyer Alex Spiro. Meta, which launched Threads on Wednesday and has logged more than 30 million sign ups, looks to take on E…
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US banks lose favor with European hedge funds, Goldman says

NEW YORK (Reuters) — European hedge funds have rapidly cut their exposure to U.S. banks since the beginning of the year, while roughly keeping their positioning in European ones, Goldman Sachs told clients in a recent report. Overall, shares in European banks are outperforming U.S. peers as they di…
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First Hawaiian Inc. announces senior leadership transitions

(FHB) — First Hawaiian Inc. announced the upcoming retirements of three members of its senior leadership team: Vice Chairman and Chief Risk Officer Ralph Mesick; Vice Chairman and Chief Lending Officer Lance Mizumoto; and Executive Vice President & Chief Human Resources Officer Iris Matsumoto. …
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