DUBAI (Reuters) – Standard Chartered said on Friday it has reached an agreement to sell its subsidiaries in five sub-Saharan African countries to Nigeria’s Access Bank, putting into motion a plan announced last year to divest those businesses. Standard Chartered will sell its shareholding in its subsidiaries in Angola, Cameroon, Gambia and Sierra Leone to Access….
By Jonathan Stempel (Reuters) -The U.S. Securities and Exchange Commission on Friday fined Cantor Fitzgerald $1.4 million for repeatedly failing to identify and report customers who qualified as large traders. Cantor, a New York-based investment bank and brokerage, did not admit or deny wrongdoing in agreeing to the civil fine. Large traders trade at least…
By Chayut Setboonsarng and Panarat Thepgumpanat BANGKOK (Reuters) -Thailand’s Move Forward party filed a motion in parliament on Friday seeking to curb the power of the military-appointed Senate, a day after the body thwarted its party leader’s bid to become prime minister. The role of the 249-member Senate in deciding a prime minister along with…
By David Milliken LONDON (Reuters) – More than a quarter of Britain’s single parent households have recently run out of food and been unable to afford more, according to a survey from the country’s statistics agency which highlights the impact of surging inflation. Out of nearly 15,000 households surveyed between Feb. 8 and May 1,…
PRAGUE (Reuters) – The Czech parliament’s lower house gave initial backing on Friday to the centre-right government’s package of spending cuts and tax hikes aimed at cutting the budget deficit in the next two years. The country’s public sector deficit has soared in recent years amid spending during the coronavirus pandemic, subsidies to shield the…
By Harry Robertson LONDON (Reuters) – Global investors poured a record amount of money into European sovereign bond funds in the second quarter of the year, lured in by high yields and the prospect of interest rate cuts by the European Central Bank next year. European sovereign bond funds attracted $15.15 billion of inflows in…
(Reuters) – State Street Corp on Friday beat profit estimates for the second quarter as the bank’s interest income benefited from the U.S. Federal Reserve’s policy tightening and assets under management rose amid a recovery in the equity markets. The Fed, in line with the major central banks, has hiked lending rates rapidly to curb…
By Sam Tobin LONDON (Reuters) -Kevin Spacey described an allegation he grabbed a man’s crotch as “absolute bollocks” on Friday, in combative exchanges with prosecutors at the Oscar-winning actor’s sexual assault trial. Spacey, 63, has pleaded not guilty at London’s Southwark Crown Court to 12 charges of sexual offences allegedly committed against four men in…
KYIV (Reuters) – Ukraine’s trade deficit grew to $8.97 billion in the first five months of the year compared with a deficit of about $1 billion posted in the same period a year ago, the statistics service said on Friday. It said in a statement that exports of goods were $16.45 billion from January to…
By Catarina Demony and Miguel Pereira LISBON (Reuters) – Cuban President Miguel Diaz-Canel promised on Friday his country would take part “very constructively” in a European Union summit next week with Latin America and the Caribbean, just days after the EU’s parliament called for sanctions against him. Diaz-Canel met his Portuguese counterpart Marcelo Rebelo de…
