By Kanishka Singh WASHINGTON (Reuters) – Videogame publisher Activision Blizzard Inc enforced a social media policy that conflicted with workers’ rights and illegally threatened staff in the policy’s enforcement, a U.S. government agency said on Monday. Unless Activision settles, the Los Angeles-based regional director of the National Labor Relations Board (NLRB) will issue a complaint,…
ATHENS (Reuters) – DEPA Commercial, Greece’s biggest gas importer, has paid Russian gas producer Gazprom in euros for April natural gas supplies, the semi-state Athens News Agency reported on Monday. State-controlled DEPA Commercial has a gas supply contract with Gazprom which expires in 2026. (Reporting by Angeliki Koutantou; Editing by Chris Reese)
LONDON (Reuters) – Barclays said on Monday it had refiled its accounts with U.S. regulators after a blunder led to it overselling structured products, and that it planned to launch a delayed share buyback this week. (Reporting by Iain Withers, editing by Lawrence White)
By Anisha Sircar and Devik Jain (Reuters) – U.S. stock indexes climbed on Monday as investors bought beaten-down banks and Apple shares after a turbulent last week that saw the benchmark S&P 500 coming close to confirming a grim market milestone on worries about economic growth and inflation. All of the 11 major S&P sectors…
(Reuters) – Russia is cutting the proportion of foreign currency revenues that exporters must convert into roubles to 50% from 80%, the finance ministry said on Monday, after the policy contributed to steep gains in the local currency. Despite an economic crisis prompted by the conflict in Ukraine, the rouble has surged about 30% against…
By Stephen Culp NEW YORK (Reuters) – BlackRock Investment Institute cut its ratings of developed market (DM) equities to “neutral” from “overweight” on Monday, citing the U.S. Federal Reserve’s potentially overzealous efforts to curb inflation and signs of economic slowdown in China. Regarding the Fed’s ramped-up rhetoric “vowing to bring inflation down at any cost,”…
By Balazs Koranyi and Dan Burns DAVOS, Switzerland (Reuters) -Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession. Political and business leaders gathering for the World Economic Forum (WEF) meet against a backdrop of inflation…
By Tarek Amara TUNIS (Reuters) – Tunisia’s powerful labour union said on Monday it would hold a national strike over wages and the economy after refusing to take part in a limited dialogue proposed by the president as he rewrites the constitution. With more than a million members, the UGTT is Tunisia’s most powerful political…
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Monday said BNY Mellon Investment Adviser had paid $1.5 million to resolve charges it misstated environmental, social and governance (ESG)investment policies for some mutual funds that it managed. The SEC said that from July 2018 to September 2021, BNY Mellon Investment Adviser represented or…
By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp plans to propose giving two of its major hedge fund shareholders seats on its board, people familiar with the matter said, a move that could give foreign investors more influence over the troubled Japanese conglomerate. Toshiba plans to nominate executives from Elliott Management and Farallon Capital Management for…
