By Sruthi Shankar and Susan Mathew (Reuters) -European shares on Friday rose to their highest in a week as strong earnings reports and a rally in miners boosted risk appetite at the end of a volatile month dominated by concerns about slowing global gro…
Russian cenbank supports merger of sanctioned banks Otkritie and VTB
(Reuters) – The Russian central bank supports the consolidation of VTB, Otkritie and RNCB, the three state-run banks targeted by U.S. sanctions, Central Bank Governor Elvira Nabiullina said on Friday. Russian authorities were considering the consolidat…
HSBC’s top shareholder calls for banking giant’s break-up – source
By Lawrence White and Anshuman Daga LONDON/SINGAPORE (Reuters) – HSBC Holdings’s largest shareholder, Chinese insurance giant Ping An, has called for a break-up of the London-based bank, a source familiar with the matter said on Friday. Ping An has set…
British Virgin Islands should be temporarily returned to UK rule, inquiry says
By Brian Ellsworth and William James MIAMI (Reuters) -The British Virgin Islands should have its constitution suspended, its elected government dissolved and effectively be ruled from London, according to a highly critical report into governance in the…
Former tennis champion Becker jailed in UK bankruptcy case
By Andrew MacAskill LONDON (Reuters) -German tennis great Boris Becker was jailed for two years and six months by a London court on Friday for hiding hundreds of thousands of pounds of assets after he was declared bankrupt. Becker was convicted earlier…
Credit Suisse board has major investors’ backing – chairman
ZURICH (Reuters) – Credit Suisse’s roughly 10 key investors back the bank’s board and its strategy, Chairman Axel Lehmann told Swiss newspaper NZZ. While unhappy over the bank’s dwindling share price and money lost on their investments, big shareholder…
Dutch airline KLM cancels dozens of flights to relieve pressure on workers
AMSTERDAM (Reuters) -Dutch airline KLM cancelled 47 flights scheduled for this weekend to and from Amsterdam to improve working conditions for its staff, the airline said in a statement, having earlier scrapped dozens of flights scheduled for Friday. K…
Musk sells Tesla shares worth $8.5 billion ahead of Twitter takeover
By Hyunjoo Jin and Akriti Sharma (Reuters) -Tesla Inc Chief Executive Officer Elon Musk sold $8.5 billion worth of shares in the electric vehicle maker, U.S. securities filings showed, in sales likely aimed at helping finance his planned purchase of Tw…
Dollar on track for best month since 2015
By Karen Brettell NEW YORK (Reuters) – The dollar slipped from 20-year highs against a basket of currencies on Friday but remained on track for the best month in seven years as concerns about the global economy and a hawkish Federal Reserve bolstered d…
Credit Suisse shareholders withhold management approval as ire grows
ZURICH (Reuters) – Credit Suisse shareholders on Friday rejected by a wide margin the board’s proposal to provide the beleaguered Swiss bank’s management a discharge from liabilities for the 2020 financial year, as investor ire over a slew of costly mi…