ZURICH (Reuters) – The Swiss National Bank will continue to use foreign currency market interventions if necessary, Chairman Martin Schlegel said on Thursday, adding the central bank was not a currency manipulator. The SNB had not used currency interventions to gain a competitive advantage for the Swiss economy in the past and would use the …
LONDON (Reuters) -British regulators fined global law firm Herbert Smith Freehills on Thursday after its now defunct Moscow subsidiary breached UK sanctions on Russia, cutting the final penalty by half due to voluntary disclosure. The Office of Financial Sanctions Implementation (OFSI) imposed a penalty of 465,000 pounds ($603,058.50) on HSF Moscow, which was the subsidiary …
UK fines law firm Herbert Smith Freehills’s unit for Russia sanctions breach Read More »
MOSCOW (Reuters) – The Russian rouble weakened further on Thursday, adjusting after a significant rally since the start of the year that has been fuelled by hopes of an easing in geopolitical tensions amid talks between Russia and the United States. By 0920 GMT, the rouble was down 0.4% at 84.30 against the dollar in …
Russian rouble corrects after rally fuelled by US-Russia talks Read More »
FRANKFURT (Reuters) -The European Central Bank will bring in a major auditing firm to investigate an outage that hit its payment system last month and caused delays in payments and financial trades for thousands of people, ECB President Christine Lagarde said on Thursday. The ECB’s Target payment system suffered a significant outage on February 28, …
ECB to bring in auditor to investigate Feb 28 payment outage Read More »
(Reuters) – UK-based gas producer Energean reported a 2% rise in annual profit after tax on Thursday, but flagged impairments of $241 million relating to assets in Egypt, Morocco and Greece. Most of Energean’s production is in Israel and the company said increasing demand for electricity and plans to phase out of coal substantially raised …
Energean’s $241 million asset charge curbs rise in annual profit Read More »
By Sinead Cruise LONDON (Reuters) – London is gaining ground on New York in a closely-watched index of the world’s leading financial centres, in a first sign that efforts by policymakers to reboot Britain’s sluggish banking and investment industry have started to bear fruit. The U.S. city has held the top position in think tank …
London gains ground on New York in Z/Yen global financial hub survey Read More »
By William Schomberg and Suban Abdulla LONDON (Reuters) -The pace of British pay growth was little changed and there were others signs of stability in the jobs market, according to official data that contrasted with warnings of a hit to hiring from employers upset about an imminent tax increase. Private sector pay, excluding bonuses, – …
UK jobs market steadies with BoE set to keep rates on hold Read More »
By Sergio Goncalves LISBON (Reuters) -Portugal’s Sonae, which owns the country’s largest food retailer, on Thursday said sales rose to a record level in 2024 and profitability improved. The conglomerate, which spans retail and telecoms, announced consolidated net profit of 223 million euros ($243 million), substantially short of the 263 million average forecast by analysts …
Portugal’s Sonae reports record sales in 2024, profitability increase Read More »
By John O’Donnell and Tom Sims FRANKFURT/BERLIN (Reuters) – Berlin’s borrow-to-spend splurge is driving up borrowing costs, further choking embattled property companies seeking fresh loans and threatening to compound the country’s wider economic woes. A property crisis in Germany, Europe’s industrial engine, has seen worried investors pull billions of euros out of the critical sector, …
Analysis-Berlin debt splurge turns screws on flagging German property Read More »
(Reuters) -The newest instalment in Ubisoft’s blockbuster “Assassin’s Creed” franchise received a “very positive” rating on Steam based on 751 user reviews, with 80% of them being positive, around four hours after its launch on the game distribution platform. The twice delayed release of “Assassin’s Creed Shadows”, based in rural Japan, is Ubisoft’s first major …
Ubisoft’s ‘Assassin’s Creed Shadows’ debuts with ‘very positive’ rating on Steam Read More »
