FRANKFURT (Reuters) – European Union authorities should curb leveraged bets on crypto assets by introducing limits for investment funds, exchanges and other firms to stop shocks in that industry from jeopardising financial stability elsewhere, an EU watchdog said on Thursday. It was one of several recommendations made by the European Systemic Risk Board, which ranged …
EU watchdog calls for curbing leverage in crypto trading Read More »
By Naomi Rovnick and Libby George LONDON (Reuters) – Rivalry with China, fallout from Russia’s war in Ukraine and wrangling once again in Washington over the U.S. debt ceiling have put the dollar’s status as the world’s dominant currency under fresh scrutiny. Russia’s sanctions-imposed exile from global financial systems last year also fuelled speculation that …
The end of King Dollar? The forces at play in de-dollarisation Read More »
BERN (Reuters) – The Swiss government on Thursday moved to speed up work on extending a public liquidity backstop Credit Suisse received access to in March under emergency rules to other systemically important banks and make it a permanent part of regulatory framework. Provision of state-guaranteed cash for such banks were they to fall in …
Switzerland speeds up work on liquidity backstop after Credit Suisse crash Read More »
By Huw Jones LONDON (Reuters) -Banks and building societies would be required to help customers struggling to repay their mortgages and loans as interest rate rise in a cost-of-living crisis, Britain’s financial watchdog said in proposals to make COVID-era temporary rules permanent. The Financial Conduct Authority introduced temporary guidance to mortgage, consumer credit and overdraft …
UK watchdog proposes requiring banks to help struggling customers Read More »
By Prerna Bedi (Reuters) – British food ingredients maker Tate & Lyle Plc reported on Thursday a rise of 22% in full-year profit, as higher prices helped mitigate cost inflation. The company, which is one of the world’s biggest producers of sweeteners, said hiking prices and renewing customer contracts helped maintain margins despite high costs …
Sweetener maker Tate & Lyle’s annual profit jumps on price hikes Read More »
(Reuters) -Workspace Group forecast rental income and pricing growth in its fiscal 2023/24 year after the London-focused office-space provider posted an annual loss on Thursday, hurt by a more than 3% drop in the valuation of its properties. Office space providers across the globe have been battling valuation declines due to the trend of people …
UK’s Workspace forecasts rental growth after posting annual loss Read More »
(Reuters) -Cineworld expects to emerge from Chapter 11 bankruptcy protection in July, the British cinema chain operator said on Thursday, adding that its proposed debt restructuring has the backing of most of its lenders. The world’s second largest movie theatre chain operator after AMC Entertainment filed for U.S. bankruptcy protection in September hoping to restructure …
Cineworld eyes bankruptcy exit in July as most lenders back restructuring plan Read More »
PARIS (Reuters) – Airbus Helicopters said on Thursday it had won a firm order for 43 aircraft from business aviation operator Air Corporate, marking its largest ever deal in Italy. The world’s largest commercial helicopter maker said the order from Verona-based Air Corporate at the EBACE show in Geneva included 40 light single-engine H125/130 and …
MILAN (Reuters) – Italy’s top insurer Generali confirmed on Thursday all targets of its business plan for 2024 after a strong performance of the non-life business more than offset weakness in the life sector in the first quarter, driving profits higher. Generali reported net outflows of 190 million euros in its life business, as attractive …
Generali confirms targets as government bonds challenge Life business Read More »
By Sinead Cruise and Amy-Jo Crowley LONDON (Reuters) -London Stock Exchange Group said on Thursday its group Chief Financial Officer Anna Manz would relinquish her role next year to take a similar position outside the financial industry. Manz will remain in her job and serve as a member of the LSEG board until May 2024 …
LSEG chief financial officer Anna Manz to step down Read More »
