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MOSCOW (Reuters) – Russian online bank Tinkoff has cancelled interest payments due later this month on a dollar-denominated Eurobond, days after being targeted with Western sanctions, the lender’s Eurobond issuer said. Tinkoff, owned by TCS Group Holding, was included in the EU’s tenth package of sanctions against Russia outlined last week following Moscow’s military campaign …

Russia’s Tinkoff cancels dollar Eurobond interest payment after EU sanctions Read More »

PRAGUE (Reuters) -The Czech Central Bank would not be able to cut interest rates any faster if it raised rates now, Vice Governor Eva Zamrazilova said in an interview on Monday. The central bank has held steady on interest rates for more than half a year, following a sharp year-long hiking cycle that raised the …

Higher Czech rates now would not mean faster cuts later, Zamrazilova says Read More »

MADRID (Reuters) -Spanish Economy Minister Nadia Calvino said on Monday she expects inflation will be lower this year than in 2022 though there will be “a lot of volatility” each month. Despite the volatility, inflation will be “at practically half the level of last year, at levels much lower than last year,” she said in …

Spain’s inflation to be lower this year than in 2022 -minister Read More »

WARSAW (Reuters) -Poland’s PKN Orlen will demand compensation after Russia halted oil deliveries to Poland via the Druzhba pipeline in late February, Chief Executive Officer Daniel Obajtek said on Monday, without giving further details. “… Russians stopped pumping oil to Poland…so we will now take legal action and demand claims,” he told private Radio Zet. …

Poland’s PKN will demand compensation after Russia stopped oil deliveries, says CEO Read More »

(Reuters) – Binance, one of the world’s largest cryptocurrency exchanges, developed a plan to avoid the threat of prosecution by U.S. authorities as it started an American entity in 2019, the Wall Street Journal reported on Sunday. Any lawsuit from U.S. regulators, who had signaled a coming crackdown on unregulated offshore crypto players, would be …

Binance execs’ texts, documents show plan to avoid U.S. scrutiny – WSJ Read More »

By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Italian state lender CDP said on Sunday its board had approved a non-binding offer for the fixed-line network of former phone monopoly Telecom Italia (TIM), adding it would be valid until March 31. CDP has teamed up with Australian infrastructure fund Macquarie to bid for the whole …

Italy’s CDP bids for TIM’s grid to rival KKR approach Read More »