By Polina Devitt, Michael Hogan and Darya Korsunskaya MOSCOW/HAMBURG (Reuters) – Sanctions-hit VTB Bank has urged President Vladimir Putin to curb the activities of Western grain traders in Russia, citing the need to strengthen Russian traders’ role in the global market, a letter seen by Reuters shows. In the letter dated Sept. 14, VTB Chief…
KYIV, Ukraine (AP) — Russia confirmed on Thursday it will formally annex parts of Ukraine where occupied areas held Kremlin-orchestrated “referendums” on living under Moscow’s rule that the Ukrainian government and the West denounced as illegal and rigged. Russian President Vladimir Putin will attend a ceremony on Friday in the Kremlin when four regions of…
LONDON (AP) — British Prime Minister Liz Truss on Thursday defended her divisive economic plan and shrugged off the turmoil it has stirred in financial markets, saying she’s willing to make “controversial and difficult decisions” to get the U.K. economy growing. In her first public comments since her Conservative government announced billions in unfunded tax…
FRANKFURT (Reuters) – Volkswagen is considering forming partnerships in the next 1-2 years as a first step towards a possible listing of its PowerCo batteries operation, finance chief Arno Antlitz said as the group’s sportscar brand Porsche AG listed on Thursday. “We do not rule out an IPO of the battery unit, but the financial…
FRANKFURT, Germany (AP) — Shares in luxury carmaker Porsche AG rose on their first day of public trading after German parent company Volkswagen raised 9.4 billion euros ($9.1 billion) for one of the largest initial public offerings in European history. Shares traded at 85.68 euros on the Frankfurt Stock Exchange on Thursday, above the initial…
BUCHAREST, Romania (AP) — Doreen Bogdan-Martin of the United States was elected Thursday to head the U.N.’s telecommunications agency, winning a U.S.-Russia face-off for the leadership of a key global agency that sets guideposts for radio, internet and television communications — ending a race that has been overshadowed by geopolitics in the wake of Russia’s…
(Reuters) – The Dow and S&P futures fell for the seventh time in eight sessions on Thursday as investors worried about a global downturn from aggressive rate hikes by central banks and weighed the risk of a potential contagion from a turmoil in UK markets. Megacap growth names such as Amazon.com Inc, Apple Inc, Microsoft…
By Ahmad Ghaddar LONDON (Reuters) -Oil prices fell on Thursday, with a stronger dollar paring the previous day’s more than $3 gain, though losses were capped by indications that the OPEC+ producer group might cut output. Brent crude futures fell $1.18, or 1.3%, to $88.14 a barrel by 0823 GMT and U.S. crude futures dropped…
TOKYO (Reuters) – Japan’s Hitachi Transport System Ltd said on Thursday it had been informed by KKR & Co that the private equity firm’s tender offer for it would be delayed from the initially planned end-September start. In a statement, Hitachi Ltd’s logistics arm cited KKR as saying it would now aim for a mid-November…
By Muyu Xu and Laura Sanicola (Reuters) – Oil prices fell on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand and concerns over the faltering global economic outlook clouding market sentiment. Brent crude futures fell 91 cents, or 1%, to $88.41 per barrel by 0629 GMT,…
