On the face of it, Vladimir Putin’s response to the G-7 cap on Russia’s oil prices looked in line with his previous pledges and did nothing to disrupt global crude supply. But the Kremlin has left itself room for a tougher stance.
(Bloomberg) — As a winter storm bore down on a broad swath of the US, a staffing crisis was brewing for Southwest Airlines Co. in Denver.
Spain said a new audit system to track European Union funds is operational, a key milestone needed to unlock money from the bloc’s pandemic recovery fund and smooth relations with Brussels after implementation delays.
Turkey’s central bank asked commercial lenders to refrain from carrying out large dollar purchases on behalf of their corporate clients until Monday, according to people familiar with the matter.
State Department special envoys are about to get less special.
A European distressed-debt trader is raising money to buy defaulted Venezuelan bonds trading below 10 cents on the dollar amid signs of easing tensions between President Nicolas Maduro, the political opposition and the US.
Singapore’s High Court has sentenced the masterminds behind the country’s largest stock market manipulation to decades in jail, according to a joint statement on Wednesday from the Attorney-General’s Chambers, Singapore Police Force and Monetary Authority of Singapore.
The asset management arm of BNP Paribas SA said using a different interpretation of “sustainable investment” than some of its peers has allowed it to keep the European Union’s top ESG tag attached to about $20 billion worth of funds.
The rush to take advantage of post-Christmas sales lifted shopper numbers on Boxing Day, but with the cost-of-living crisis pushing UK consumers to cut back on spending any boost for retailers may prove short-lived.
PLDT Inc. said it is in discussions with four major vendors for equipment and assets covered by its 48-billion peso ($859 million) overspending that stretched over four years from 2019.
