By Mrinmay Dey (Reuters) -Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6 billion pound ($49.18 billion) mining merger, a person familiar with the matter told Reuters on Saturday. BHP, the world’s biggest listed mining group, now has until May 29 to make …
BlackRock encouraged Anglo to extend talks with BHP, source says Read More »
By David Lawder STRESA, Italy (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters that European banks face growing risks operating in Russia and the U.S. is looking at strengthening its secondary sanctions on banks found to be aiding transactions for Russia’s war effort. “We are looking at potentially a tougher stepping-up of our sanctions …
European banks in Russia face ‘awful lot of risk’, Yellen says Read More »
By Gavin Jones, Giuseppe Fonte and David Lawder STRESA, Italy (Reuters) – The G7 will explore ways to use the future income from frozen Russian assets to boost funding for war-torn Ukraine, finance chiefs from the Group of Seven industrial democracies said on Saturday, but offered no details of how to do so. The G7 …
G7 aims to use frozen Russian assets to help ‘desperate’ Ukraine Read More »
By Leika Kihara STRESA, Italy (Reuters) -Finance leaders of the Group of Seven (G7) advanced nations on Saturday reaffirmed their commitment to warn against excessively volatile currency moves, language Japan sees as a green light to intervene in the market to arrest rapid falls in the yen. The agreement followed new verbal warnings from Japan’s …
G7 reaffirms warning against excess currency volatility in nod to Japan Read More »
STRESA, Italy (Reuters) – There is growing consensus within the European Central Bank over the need for a first rate cut as inflation is diminishing, creating the conditions to ease its monetary policy, ECB policymaker Fabio Panetta said on Saturday. “It seems to me that a fairly general consensus has emerged on the possibility of …
ECB’s Panetta says consensus growing on need for rate cut Read More »
By Giuseppe Fonte and Valentina Za STRESA, Italy (Reuters) – Italian banks must halt their business in Russia as staying in the country also brings a “reputational problem,” European Central Bank policymaker Fabio Panetta said on Saturday. After Austria’s Raiffeisen Bank International, UniCredit is the European bank with the largest exposure to Russia, while Intesa …
Italian banks must quit Russia, ECB’s Panetta says Read More »
By Sinead Cruise, Huw Jones and Carolyn Cohn LONDON (Reuters) -As Britain prepares to revisit the ballot box, executives in the City of London are hoping a new government will pay them more attention and put an end to years of political instability. Business leaders across London’s financial community appear more relaxed than usual about …
Sunak’s summer election brings hope to Britain’s bruised financial sector Read More »
(Reuters) – SBB said on Saturday it is forming a joint venture with U.S.-based private credit firm Castlelake, its second in about three months, which will help ease the Swedish real estate group’s debt woes. Under the deal, SBB and funds managed by Castlelake have signed a loan agreement of 5.7 billion Swedish crowns ($534.36 …
Sweden’s SBB sets up another joint venture with Castlelake to tackle debt Read More »
(Reuters) – Britain’s communications regulator Ofcom is investigating International Distribution Services-owned Royal Mail over its failure to meet its delivery targets for the financial year 2023-24, the regulator said on Friday. Under Ofcom’s rules, Royal Mail is required to meet performance targets across the whole financial year, such as delivering 93% of first class mail …
UK regulator to probe Royal Mail’s delivery targets miss Read More »
(Reuters) – Meta Platforms has offered to limit the use of certain data from all advertisers on its Facebook Marketplace platform, as part of amendments to the proposals accepted by the Competition Market Authority (CMA) in November, the regulator said on Friday. The CMA had accepted commitments from Meta in November that would prevent the …
Meta submits changes to UK privacy compliance proposals, CMA says Read More »
