Russia’s VTB Closes London-based Investment Bank As Sanctions Bite
By Lawrence White LONDON (Reuters) – Russia’s second-biggest bank VTB is closing the London-based arm of its investment banking unit…
Reuters
U.S. Consumers To Spend Record $1 Trillion Online In 2022 – Report
(Reuters) – U.S. consumer spending on e-commerce is expected to hit a record $1 trillion this year thanks to the…
Wall Street-backed MEMX To Launch Options Exchange
By John McCrank NEW YORK (Reuters) – Members Exchange (MEMX), the fastest growing U.S. stock exchange, said on Tuesday it…
Futures Edge Higher Ahead Of Fed Meeting
(Reuters) – U.S. stock index futures edged higher on Tuesday ahead of the Federal Reserve’s two-day policy meeting, with investors…
Three Major U.S. Airlines Raise Revenue Forecasts On Recovery In Travel
(Reuters) -Three major U.S. airlines raised their forecasts for current-quarter revenue on Tuesday, highlighting a recovery in air travel as…
Japan Calls For ‘stable’ FX Moves As Weak Yen Weighs On Import-reliant Economy
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japan will closely watch exchange-rate moves as market stability was “very important,”…
Euro Rises On Hopes Of Progress In Ukraine Peace Talks
By Stefano Rebaudo (Reuters) – The euro rose on Tuesday on hopes of progress in peace talks between Ukraine and…
Britain To Ban Exports Of Luxury Goods To Russia, Impose New Import Tariffs
LONDON (Reuters) -Britain on Tuesday said it would ban the export of luxury goods to Russia and impose a new…
H&M Sales Soar But Shares Slip On Wider Ukraine Impact Concern
By Anna Ringstrom STOCKHOLM (Reuters) -H&M reported a 23% rise in first quarter sales on Tuesday, which was in line…
U.S. Money Markets Bet On Higher, Earlier Terminal Fed Funds Rate
LONDON (Reuters) -A key money market indicator is now pricing U.S. interest rates peaking at a higher level than previously…