(Reuters) – The European Central Bank wants lenders to speed up their exit from Russia given the increased reputational, legal and financial risk of doing business there, supervisory chief Andrea Enria said on Tuesday. Though Europe’s top supervisor has for months said he hoped European financial bodies would cut ties with their Russian assets, the…
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Monday granted preliminary approval to JPMorgan Chase’s $290 million settlement with women who said Jeffrey Epstein abused them, and that the largest U.S. bank turned a blind eye to the late financier’s sex trafficking. The approval was issued by U.S. District Judge…
SARAJEVO (Reuters) – Unless EU aspirant Montenegro adopts a new economic growth strategy that would boost productivity and human capital, its incomes will not converge with average EU levels in the next 40 years, the World Bank warned on Tuesday. The tiny Adriatic country, which started EU accession negotiations in 2012, hopes to speed up…
PARIS (Reuters) – A sizeable chunk of Renault’s planned electric vehicle spinoff could remain in free float on the stock market, its CEO said in an interview published on Tuesday, declining comment on any further strategic investor who would join partners Qualcomm and Nissan. “We need to leave some free float, because we still want…
SINTRA, Portugal (Reuters) – The European Central Bank will likely keep raising interest rates after its next meeting even as the economy slows because inflation remains too high, ECB policymaker Martins Kazaks said on Tuesday. The latest economic surveys have painted a worsening picture for the euro zone and its economic powerhouse, Germany, which are…
A look at the day ahead in European and global markets from Vidya Ranganathan. The U.S. dollar’s protracted smile is making China and Japan uncomfortable. China, unencumbered as it is by global pacts and commitments on market rates, has reacted swiftly this week. State banks have sold dollars to slow the yuan’s decline, and the…
By Selena Li HONG KONG (Reuters) -China’s new offshore listing rules for domestic companies have left bankers and lawyers who work on listings unsure how to take on liabilities and avoid breaching tightened confidentiality rules, Asia’s largest financial lobby group said on Tuesday. China’s long-awaited rules for offshore stock exchange listings came into effect on…
WASHINGTON (Reuters) – U.S. President Joe Biden spoke on Monday with Italian Prime Minister Giorgia Meloni about the brief uprising by Russian mercenaries against the Kremlin and also invited her to visit the White House in July, the White House said in a statement. Biden has spoken with key allies about the events in Russia…
(Reuters) -Russian President Vladimir Putin said on Monday he let Saturday’s aborted mutiny go on as long as it did to avoid bloodshed, while the Wagner mercenary group boss who led the uprising said he never intended to overthrow the government. Putin’s televised address was his first public comment since Saturday, when he had said…
(Reuters) – President Vladimir Putin on Monday paid tribute to pilots who were killed during the failed weekend mutiny, confirming earlier reports by military bloggers that several planes were shot down by Yevgeny Prigozhin’s Wagner militia. Wagner fighters on Saturday took control of the southern city of Rostov-on-Don and its military command centre steering the…
