Russian Bank VTB Prepares To Pull Out Of Europe -FT
(Reuters) – Russian bank VTB is preparing to wind down its European operations after being hit hard by Western sanctions,…
Russia Says Sovereign Bond Payments Will Depend On Sanctions
LONDON (Reuters) – Russia’s finance ministry said on Sunday that sovereign bond payments to non-residents would depend on the sanctions…
Russian Banks May Issue Cards With China’s UnionPay As Visa, Mastercard Cut Links
LONDON (Reuters) – Credit cards issued by Russian banks using the Visa and Mastercard payment systems will stop functioning overseas…
Oil Price Set To Surge Further On Iranian Talks Delays
By Dmitry Zhdannikov LONDON (Reuters) – Oil prices are set to surge further this week due to delays to the…
Moody’s Cuts Russia Rating To Ca On Rise In Default Risk
LONDON (Reuters) -Moody’s cut Russia’s credit rating to Ca on Sunday, the second-lowest rung of its ratings ladder, citing central…
TUI Expects Holiday Bookings To Rise Towards 2019 Levels
FRANKFURT (Reuters) – TUI, the world’s largest holiday company, is seeing a rise in holiday bookings towards pre-pandemic levels, the…
Russian Banks Rush To Switch To Chinese Card System
(Reuters) – Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s…
‘The Shops Are Gone’: How Reliance Stunned Amazon In Battle For India’s Future Retail
By Aditya Kalra and Abhirup Roy MUMBAI (Reuters) – At a large Future Retail supermarket in Mumbai last week, workers…
Amazon Shareholders Call For Tax Transparency – FT
(Reuters) – Twenty-four Amazon investors are calling on the tech giant to increase transparency in tax disclosures and adopt a…
Brazil Government Appoints Rodolfo Landim To Chair Petrobras Board
By Sabrina Valle HOUSTON (Reuters) -Brazil’s government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer’s…