By Ankika Biswas (Reuters) – U.S. stock index futures slipped on Monday, as an intensifying war in Ukraine and U.S. curbs on chip technology exports to China hit investors’ appetite for risk assets ahead of the upcoming earnings season. Major U.S. banks are set to kick off the earnings season this week, in what is…
STOCKHOLM (AP) — Former Federal Reserve Chair Ben Bernanke and two other U.S.-based economists won the Nobel Prize in economics for research into bank failures — work that built on lessons learned in the Great Depression and helped shape America’s aggressive response to the 2007-2008 financial crisis. The Nobel panel at the Royal Swedish Academy…
KYIV, Ukraine (AP) — Russia retaliated Monday for an attack on a critical bridge by unleashing its most widespread strikes against Ukraine in months, a lethal barrage that smashed civilian targets, knocked out power and water, shattered buildings and killed at least 14 people. Ukraine’s Emergency Service said nearly 100 people were wounded in the…
By Giulio Piovaccari and Rodolfo Fabbri MILAN/ROME (Reuters) – Italian unions on Monday demanded a wage rise of 8.4% in 2023 to offset rising inflation as they prepare for official talks with industrial groups Stellantis, Ferrari, Iveco and CNH Industrial. The unions are preparing to negotiate new four-year contracts to replace ones that expire at…
(Reuters) -Singapore’s second-largest lender Oversea-Chinese Banking Corp Ltd (OCBC) said on Monday it had appointed its current head of group audit Goh Chin Yee as the new group chief financial officer. Goh will replace Darren Tan, who opted for an early retirement after more than a decade in the job, the bank said. Tan assumed…
BERLIN (AP) — A government-appointed expert panel on Monday proposed a two-stage system for distributing some of the up to 200 billion euros ($195 billion) in subsidies Germany has announced to ease the strain of high energy prices, a plan that the group said would still encourage people to save gas. The panel suggested that…
PARIS (Reuters) – French carmaker Renault and its Japanese partner Nissan said they were in talks about the future of their alliance, confirming media reports over the weekend. In their statement, the companies said Nissan was considering investing in Renault’s new electric vehicle (EV)unit, which the French car maker is setting up alongside a separate…
(Reuters) -Shareholders in Australia’s two top banks on Monday requested resolutions be put forth at upcoming annual general meetings to push the lenders disclose how they would avoid financing new or expanded fossil fuel projects. Australia and New Zealand Banking (ANZ), the country’s fourth-largest lender, said the resolution was proposed by shareholders holding about 0.01%…
BEIJING (AP) — Chinese cities were imposing fresh lockdowns and travel restrictions after the number of new daily COVID-19 cases tripled during a weeklong holiday, ahead of a major Communist Party meeting in Beijing next week. The latest lockdown started Monday in Fenyang city in northern China’s Shanxi province after a preliminary positive case was…
PARIS (Reuters) -Carmaker Stellantis has signed a non-binding preliminary agreement with GME Resources to secure supplies of nickel and cobalt sulphate for electric vehicle (EV) batteries, the two companies said on Monday. The deal marks a further move by the world’s fourth largest carmaker to lock down supplies of metals needed for batteries that power…
