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PARIS (Reuters) – France’s CMA CGM is planning a gradual increase in the number of vessels transiting through the Suez Canal, the shipping company said on Tuesday. “Some vessels have made the transit through the Red Sea. This decision is based on an in-depth evaluation of the security landscape and our commitment to the security …

Shipping giant CMA CGM plans increase in vessels transiting through Suez Canal Read More »

PARIS (Reuters) – French prosecutors have opened an investigation into alleged “aggravated money laundering” related to transfers made by a Cypriot brokerage firm that worked with BNP Paribas’ custodian unit, French daily Le Monde reported on Tuesday. The preliminary probe is focused on transfers worth several hundreds of millions of euros and dollars made by …

BNP Paribas caught up in French money laundering investigation – Le Monde Read More »

MOSCOW (Reuters) -The completion of Nasdaq-listed Russian tech company Yandex’s restructuring is expected to be postponed until early 2024, three sources familiar with the negotiations told Reuters on Monday. Often referred to as “Russia’s Google”, tech firm Yandex was one of the few Russian companies with the potential to become a global business until Moscow …

Yandex’s restructuring deal expected to be delayed to next year Read More »

MOSCOW (Reuters) – Car-sharing service Delimobil may be the first Russian company to hold a long-awaited initial public offering (IPO) in 2024, with a listing that could raise up to 4 billion roubles ($43.5 million), three financial sources told Reuters on Monday. The company did not immediately reply to a request for comment. Two of …

Delimobil set to be first Russian company in 2024 to hold IPO Read More »

WASHINGTON (Reuters) – Denmark’s Maersk is preparing to resume shipping operations in the Red Sea and the Gulf of Aden, the company said on Sunday, citing the deployment of a U.S.-led military operation designed to ensure the safety of commerce in the area. The shipping giant paused sending vessels through the Bab el-Mandeb strait earlier …

Shipping giant Maersk prepares to resume operations in Red Sea Read More »

(Reuters) -British billionaire Jim Ratcliffe struck a long awaited deal on Sunday to buy a 25% stake in Manchester United and pledged to invest $300 million in the English Premier League soccer club to try to revive its fortunes. The deal, which will also see Ratcliffe’s INEOS group take over management of the club’s soccer …

Soccer-‘Local boy’ Ratcliffe takes stake in Manchester United Read More »

MOSCOW (Reuters) -Russian President Vladimir Putin on Sunday signed a decree clearing the way for Rosbank to purchase stakes in leading Russian companies owned by Societe Generale. The decree said that Rosbank will be able to buy SocGen’s stakes in energy producers such as Rosneft and Gazprom, metals companies including Norilsk Nickel and Severstal, and …

Putin clears Rosbank’s purchase of Societe Generale’s Russian assets Read More »

MOSCOW (Reuters) – Russia’s central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank’s governor Elvira Nabiullina told RBC media on Sunday. The central bank raised its key interest rate by 100 basis points to 16% earlier in December, …

Russian central bank says it needs months to make sure CPI falling before rate cuts -RBC Read More »