LONDON (Reuters) – Global commodities trader Vitol has sold its interest in a giant Russian project Vostok Oil, led by the Kremlin-controlled energy major Rosneft, to Dubai-based trader Fossil Trading, Vitol said on Friday. It didn’t disclose other details of the transaction. Vitol had bought 5% of Vostok with its partner, Mercantile & Maritime Group, in …
Vitol sells stake in Rosneft’s giant oil project Read More »
(Reuters) -The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing at the time of transfer on a temporary basis to deliver them to customers and creditors who own them. The digital assets of FTX’s Bahamas unit were transferred to digital wallets under …
Bahamas regulator holds FTX assets pending delivery to customers, creditors Read More »
MOSCOW (Reuters) – Foreign investors from “unfriendly” countries selling stakes in Russian assets may have to do so at half-price or less, the finance ministry said on Friday, with the Russian budget potentially taking a 10% cut of any transaction. Since Moscow sent its army into Ukraine in February, many Western companies – from energy …
Russia outlines plan for ‘unfriendly’ investors to sell up at half-price Read More »
SARAJEVO (Reuters) – A Dutch court has ruled that a company affiliated to Russian state bank Sberbank Rossii PAO cannot exercise voting rights in Croatian food producer Fortenova Grupa in which it has 42.5% stake, Fortenova said on Friday. The Amsterdam Court of Appeal ruled that Russia-based SBK Art, through which Sberbank holds 42.5% of …
Dutch court strips Sberbank-affiliated firm of voting rights in Fortenova Read More »
By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) – European shares slipped in the last trading day of a rough year marked by geopolitical tensions and fears of a recession as central banks hike rates, while London stocks outperformed their counterparts on the continent due to heavy commodity exposure. The STOXX 600 fell 1.3% in …
European shares fall, record worst year since 2018 Read More »
MOSCOW (Reuters) – Russia’s federal statistics agency on Friday revised up its estimate for economic growth in 2021 from 4.7% to 5.6% as it said the country bounced back from the first year of the COVID-19 pandemic stronger than first believed. The Rosstat statistics office said the new figures were based on a more complete …
Russia revises up 2021 GDP growth estimate from 4.7% to 5.6% Read More »
MOSCOW (Reuters) – Russia’s Promsvyazbank said on Friday it had bought its competitor SMP Bank, without disclosing the price of the deal, the latest banking sector tie-up after No.2 lender VTB snapped up Otkritie from the Bank of Russia last week. In a statement, Promsvyazbank said that the deal included SMP’s subsidiaries, MOSOBLBANK and the …
Promsvyazbank buys SMP for Russia’s second major banking tie-up in Dec Read More »
ZURICH (Reuters) – DKSH will sell its 25% stake in Swiss luxury watchmaker Bovet to Pascal Raffy, the company said in a statement on Friday. The transaction makes Raffy, which already owns 75% of Bovet, the watchmaker’s sole owner. “The transaction does not materially affect DKSH’s profit and loss statement,” the company said. (Reporting by …
DKSH sells its 25% stake in Swiss luxury watchmaker Bovet Read More »
By Johann M Cherian and Shristi Achar A (Reuters) – Britain’s main stock indexes ended Friday’s shortened trading session lower, but the commodity-heavy FTSE 100 outperformed many of its global peers in 2022, in a year that saw markets roiled by the Ukraine war, inflation and concerns of recession. The FTSE 100 slipped 0.8%, with …
FTSE 100 ends 2022 with slim gains, outpacing U.S. and European peers Read More »
MOSCOW (Reuters) – The rouble strengthened sharply on Friday, nearing the 70 mark against the dollar as a highly volatile year drew to a close, with the final month of trading dominated by fears over the impact of a Western oil price cap on Russia’s export revenues. By 0755 GMT, the rouble was 1.8% stronger …
Russian rouble surges as volatile year draws to a close Read More »
