By Kate Abnett BRUSSELS (Reuters) – The European Commission will propose a legal route to exempt cars that run on e-fuels from the EU’s 2035 phaseout of new combustion engine cars, according to a document detailing a deal struck with Germany. The deal reached late on Friday resolves a row that has for weeks delayed …
EU-German deal maps legal path for e-fuel cars after 2035 -document Read More »
By Kanishka Singh and Leah Douglas WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy said on Sunday lawmakers will move forward with legislation to address national security worries about TikTok, alleging China’s government had access to the short video app’s user data. In the United States, there are growing calls to ban TikTok, …
US House speaker says lawmakers to move forward with TikTok bill Read More »
(Reuters) – First-Citizens Bank & Trust Co, a unit of First Citizens BancShares Inc, said it will acquire $110 billion in assets, $56 billion in deposits and $72 billion in loans of failed lender Silicon Valley Bank. SVB was the largest bank, since the 2008 financial crisis, to collapse when California regulators closed the bank …
First Citizens agrees to buy collapsed Silicon Valley Bank Read More »
By David Milliken LONDON (Reuters) -British businesses should consider official forecasts showing inflation will fall this year when setting their prices, Bank of England Governor Andrew Bailey said on Friday. “When companies set prices, I understand that they have to reflect the costs that they face,” Bailey told the BBC. “But what I would say, …
BoE’s Bailey urges firms to assume lower inflation when setting prices Read More »
ZURICH (Reuters) – Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit Suisse managers after Switzerland’s second largest bank had to be rescued last week by UBS. FINMA President Marlene Amstad told Swiss newspaper NZZ am Sonntag it was “still open” whether new proceedings would be started, but the …
Credit Suisse could face disciplinary action, Swiss regulator says Read More »
By David Randall NEW YORK (Reuters) -Investors are preparing for a long U.S. stock market slog, braced for more banking sector tumult and worries over how the Federal Reserve’s tightening will impact the economy. Financial stocks in the United States experienced sharp moves throughout the week after the collapse of two U.S. lenders and last …
Analysis-Bank disquiet, Fed keep investors on edge in nervy U.S. stock market Read More »
((This March 21 story has been corrected to fix rent cost and clarify view of interviewee in paragraphs 28 and 29) ) By Catarina Demony, Patricia Vicente Rua and Sergio Goncalves LISBON (Reuters) – When Maria Lopes moved to Lisbon from the northern Portuguese city of Tondela, her goals were straightforward: study, find a job, get …
Young Portuguese defer dreams as housing crisis bites Read More »
By Hadeel Al Sayegh DUBAI (Reuters) -Standard Chartered plans to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), the two parties said on Sunday, as the emerging markets-focused lender presses ahead with plans to exit seven markets in Africa and the Middle East. The bank entered into an agreement with AJIB, subject to …
Standard Chartered agrees to sell business in Jordan Read More »
OSLO (Reuters) – Norway’s $1.3 trillion sovereign wealth fund, one of the world’s largest investors, will vote in favour of the UniCredit remuneration package, it said on Sunday. The Italian bank is due to hold its annual meeting of shareholders on March 31. UniCredit shareholders are asked to approve a new pay structure for CEO …
Norway wealth fund to vote in favour of UniCredit remuneration plan Read More »
(Reuters) -Swedish lithium-ion battery producer Northvolt is in talks to secure more than $5 billion of financing to pursue its goal of becoming Europe’s biggest battery manufacturer, the Financial Times reported on Sunday. The company is negotiating with a number of banks to raise the amount and an agreement could be reached later this year, …
Battery maker Northvolt in talks for over $5 billion in financing -FT Read More »
