By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are looking to round off the week on a positive note on Friday, with regional stocks on course to chalk up their fourth straight weekly rise. The relative calm may not last, however, if recession risks…
PARIS (Reuters) – A planned French windfall tax on energy companies’ profits during Europe’s current energy crisis would likely cost debt-laden nuclear giant EDF around 5 billion euros ($5.20 billion) next year, newspaper Les Echos reported on Thursday. The levy, which is part of the 2023 fiscal bill parliament is currently deliberating, would make EDF…
ZURICH (Reuters) -Credit Suisse has made 889 million new shares available to existing investors at 2.52 Swiss francs ($2.67) per share, the bank said on Thursday, confirming the final terms of its 4 billion franc capital hike. The capital increase, which was approved by investors on Wednesday, is intended to fund the embattled bank’s turnaround…
By Nia Williams and Ahmad Ghaddar (Reuters) – Oil prices edged lower on Thursday, hovering around two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply. A bigger-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China also…
By Luis Jaime Acosta BOGOTA (Reuters) – The potential collapse of the low-cost Colombian airline Viva could lead to higher fares and the loss of connections to some cities, Avianca’s chief executive said Thursday. Avianca and Viva announced on Wednesday they had appealed to Colombia’s aviation regulator after it rejected their plan to merge, proposing…
(Reuters) -Cryptocurrency exchange Binance said on Thursday it was committing $1 billion to establishing an industry recovery initiative (IRI) to invest in companies from the digital assets sector. The move comes at a time when the crypto market is teetering from the collapse of FTX, which is seeking Chapter 11 bankruptcy protection in the United…
NANTUCKET, Massachusetts (Reuters) – President Joe Biden said on Thursday a price cap on Russian oil being proposed by the United States and its Western allies was in play, adding that he had spoken to Treasury Secretary Janet Yellen on the issue. “It’s in play,” Biden told reporters during a Thanksgiving holiday visit to a…
By Yousef Saba and Rachna Uppal ABU DHABI (Reuters) – International Holding Company plans to sell 20% of its technology unit in an initial public offering next year, its CEO told Reuters, adding that the UAE’s IHC is aiming for a first quarter IPO of Pure Health to raise more than $1 billion. IHC, which…
By Ahmad Ghaddar LONDON (Reuters) -Oil prices fell on Thursday, hovering around two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply. A bigger than expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward…
BEIJING (Reuters) – Postal Savings Bank of China has agreed to provide a total of 280 billion yuan ($39.17 billion) in financing to property companies including Vanke, Longfor and Country Garden, it said in a statement on Thursday. ($1 = 7.1479 Chinese yuan renminbi) (Reporting by Ziyi Tang and Ryan Woo; Editing by David Goodman)
