(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and respond to threats from the Kremlin that foreign-owned assets may be seized. Below are some of the companies by sector that have secured…
(Reuters) – European airports are in the midst of another busy summer as passenger numbers globally recover to pre-pandemic levels, while airline and airport staff continue wage talks. The travel industry is on high alert for disruption after Europe’s peak season last year was hit by cancellations, causing chaos at airports. This summer, air traffic…
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar rose from a 15-month low against a basket of currencies on Tuesday after core retail sales saw strong gains in June, as investors wait on the Federal Reserve’s interest rate decision next week. Headline U.S. retail sales rose less than expected in June, with a…
By Lisa Richwine LOS ANGELES (Reuters) – Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits before the SAG-AFTRA union called a strike last week, a group that represents media companies said on Monday. The Alliance of Motion Picture and Television Producers (AMPTP), which negotiates on…
By Shivangi Acharya and Sarita Chaganti Singh GANDHINAGAR, India (Reuters) -Several G20 members condemned Russia’s move to quit an agreement that allowed safe export of grain from Ukraine, India’s finance minister said on Tuesday, as concerns rise in poorer countries over a rise in food prices following Moscow’s decision. Russia halted participation in the United…
By Chiara Elisei and Dhara Ranasinghe LONDON (Reuters) – The spectre of rising corporate debt defaults exacerbating a global economic slowdown has for months been largely brushed aside by resilient credit markets. Now, long-feared corporate debt woes are starting to hit home, while more companies are being downgraded to a junk credit rating – facing…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Blackstone Group LP is to invest $150 million in London-based Astaris Capital Management which will be split between the firm’s existing hedge fund and a new pool of capital with a drawdown structure, two sources said. Astaris specializes in event-driven credit and equity investments in Europe and was…
By Aftab Ahmed and Shivangi Acharya GANDHINAGAR, India (Reuters) – Multilateral development banks must create a new funding mechanism and triple sustainable lending by 2030 to eliminate poverty and achieve climate goals, a G20 panel said in a report on Tuesday that called for big changes in the way MDBs operate. The independent panel, headed…
LONDON (Reuters) – England and Wales are on track for the highest quarterly number of company insolvencies since early 2009, as businesses struggle to repay COVID-19 loans against a tough economic backdrop, government figures showed on Tuesday. The Insolvency Service, a government agency, said 2,163 companies were declared insolvent in June, up 27% on a…
A look at the day ahead in U.S. and global markets from Mike Dolan The benign July investment environment gets tested on Tuesday by updates on U.S. retail sales and housing while the corporate earnings season kicks back into gear with another sweep of bank reports. Wall St ended in positive territory on Monday after…
