PRAGUE (Reuters) – Czech investment group PPF has agreed to sell its Russian banking assets to a group of investors, it said on Tuesday, joining the wave of European firms cutting their exposure to Russia following its invasion of Ukraine. The Home Cre…
BoE’s Cunliffe warns of more tough times for crypto
LONDON (Reuters) – Investors in crypto currencies should expect more difficult times ahead as tightening financial conditions around the world stoke appetite for safer assets, Bank of England Deputy Governor Jon Cunliffe said on Tuesday. Asked at a Wal…
Pound surges after strong labour market data
By Samuel Indyk LONDON (Reuters) -The British pound jumped to its highest level since May 5 on Tuesday as strong labour market data reinforced expectations that the Bank of England (BoE) will need to continue raising interest rates to fight high inflat…
Dollar rally stalls as risk appetite returns
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar eased for a third straight day on Tuesday, pulling back from a two-decade high against a basket of major peers, as an uptick in investors’ appetite for riskier bets diminished the U.S. currency’s saf…
Provoking EU, UK sets out new law to fix post-Brexit N.Ireland trade
By Kylie MacLellan and Elizabeth Piper LONDON (Reuters) -Britain set out steps on Tuesday to try to break the deadlock with the European Union on trade with Northern Ireland, lining up a new law that would effectively override parts of a Brexit deal an…
UK finance minister Sunak says no option off the table on windfall taxes
LONDON (Reuters) – Britain’s finance minister Rishi Sunak said on Tuesday if energy companies didn’t reinvest profits back into jobs, growth and energy security then no option is off the table when it comes to the possibility of introducing windfall ta…
Twitter’s account of deal shows Musk signing without asking for more info
By Greg Roumeliotis (Reuters) -Twitter Inc published its account on Tuesday of its deal negotiations with Elon Musk, showing he opted out of asking the questions about the social media company’s business he has now cited in declaring the $44 billion ac…
Ukraine hails Mariupol defenders as heroes who changed course of war
By Natalia Zinets KYIV (Reuters) – Ukraine hailed the defenders of the strategic city of Mariupol on Tuesday as heroes who changed the course of the war with Russia by keeping Russian forces at bay for 82 days of siege and bombardment. More than 250 fi…
Allianz to pay $6 billion in U.S. fraud case, fund managers charged
By Tom Sims, Alexander Hübner and Jonathan Stempel NEW YORK/MUNICH (Reuters) -Germany’s Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investm…
Factbox-What is Britain’s plan to fix post-Brexit N. Ireland trade row?
LONDON (Reuters) – Britain outlined proposed legislation on Tuesday to unilaterally scrap some post-Brexit trade rules for Northern Ireland, risking a diplomatic crisis and the threat of a trade war with the European Union. The two sides have been tryi…