Sberbank’s tech push shows Russia’s growing reliance on its top bank
By Alexander Marrow MOSCOW (Reuters) – Already Russia’s dominant lender, state-owned Sberbank has become one of the country’s leading technology…
Economy
Austria’s RBI Q1 net profit up better-than-expected 49%
FRANKFURT (Reuters) – Austria’s Raiffeisen Bank International, one of the banks in Europe most exposed to Russia, posted a bigger-than-expected…
Exclusive-Blackstone weighs options for Spanish gambling firm Cirsa -sources
By Amy-Jo Crowley, Pablo Mayo Cerqueiro and Andres Gonzalez LONDON (Reuters) – Blackstone is weighing options for Spanish gambling company…
Factbox-PacWest Bancorp, US regional lender in spotlight
(Reuters) – PacWest Bancorp said late on Wednesday that it was in talks with potential partners and investors about strategic…
J&J’s Kenvue valued at $48 billion after shares jump in market debut
(Reuters) -Johnson & Johnson’s consumer health spinoff Kenvue Inc rose 16% and fetched a valuation of about $48 billion in…
Bank of Canada may hike rates further if inflation gets stuck above 2% – Macklem
By Steve Scherer and David Ljunggren OTTAWA, May 4 (Reuters) – Canadian inflation risks getting stuck significantly above the Bank…
ECB slows rate hike pace but signals more to come
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank slowed the pace of its interest rate…
Senator Warren blames First Republic executives of “mismanagement”
(Reuters) -U.S. Senator Elizabeth Warren has accused First Republic Bank executives of “mismanagement” in a letter to its former CEO…
Starbucks pushes appeal in Memphis union case; US labor tactics scrutinized
By Daniel Wiessner (Reuters) – U.S. appeals court judges on Thursday expressed skepticism that Starbucks Corp hurt a union organizing…
Moncler’s sales up 23% in first quarter, beating expectations
MILAN (Reuters) -First quarter sales at Italian fashion group Moncler jumped by 23% at constant exchange rates, beating analysts’ expectations,…