(Reuters) -Goldman Sachs Group Inc said on Thursday it reduced its credit exposure to Russia by 9% to $205 million in the third quarter, according to a quarterly filing. U.S. banks have wound down their exposure to Russia after it invaded Ukraine earlier this year. In August, Citigroup Inc said it will close its consumer …
ZURICH (Reuters) – UBS AG has launched a 375 million Swiss franc ($370 million) bond that the Swiss bank said on Thursday was the world’s first digital bond to be publicly traded and settled on both blockchain-based and traditional exchanges. The three-year bond with a 2.33% coupon will be issued on the blockchain-based platform of …
UBS launches digital bond that straddles blockchain and traditional exchanges Read More »
(Reuters) – Moscow on Wednesday added Walt Disney, Marvel and DC Comics to a list of brands that can be imported without permission, ensuring sanctions will not hit Russians’ ability to snap up authentic Mickey Mouse and Spider-Man memorabilia. In response to tough punitive measures imposed after the Ukraine invasion, Russia has been pushing a …
Mickey Mouse, Spider-Man, Super Mario added to Russia’s parallel imports scheme Read More »
MILAN (Reuters) -Italy’s biggest utility Enel said a windfall tax on energy companies that Spain was planning was “illegitimate” and it could challenge the move in court. Enel, which controls listed Spanish utility Endesa, revised down its guidance for 2022 ordinary net income on Thursday on the back of more cautious expectations on its Italian …
Enel mulls legal action as it criticises Spanish tax plan Read More »
BERLIN (Reuters) – The United States is possibly discriminating against European companies through its new Inflation Reduction Act (IRA) law, an EU industry chief said on Thursday, as Germany saw talks with Washington as necessary to avoid a “trade war”. “We are in talks with the Americans so we do not start a kind of …
EU in talks with U.S. over new IRA law trade issues Read More »
By Federico Maccioni MILAN (Reuters) -Italian tyremaker Pirelli on Thursday lifted its 2022 sales guidance while forecasting volatile market conditions next year. The manufacturer of tyres for Formula One and high-end carmakers such as BMW and Audi has been wrestling like peers with rising costs due to the fallout of the Ukraine war, new COVID-19 …
Pirelli hikes 2022 sales goal, sees uncertainty ahead Read More »
By Huw Jones LONDON (Reuters) – Pan-European stock exchange Euronext said on Thursday that customers will be able to clear all share trades at its Italian arm from the end of 2023, a move that ends reliance on a London Stock Exchange Group (LSEG) unit in Paris. Euronext, which operates exchanges in Paris, Amsterdam, Brussels, …
Euronext Italian arm to become group-wide clearer from end 2023 Read More »
(Reuters) -Britain’s National World Plc said on Thursday it was in the early stages of exploring a possible cash offer for Reach Plc <RCH.L>, the British publisher behind the Daily Mirror and Sunday Mirror newspapers. National World, which invests in news publishing businesses, said it has not yet approached Reach’s board for the possible offer. …
National World explores possible offer for British news publisher Reach Read More »
By Dagmarah Mackos (Reuters) – Satellite firm SES reported a beat in its quarterly core profit on Thursday, citing solid execution across its business and expected contribution from the recently acquired satellite communications business DRS GES. One of the world’s biggest commercial satellite operators, the Luxembourg-based company posted third-quarter adjusted core earnings (EBITDA) of 284 …
Satellite group SES beats Q3 forecasts, confirms outlook Read More »
LONDON (Reuters) – Banks must learn lessons from the COVID-19 pandemic when it comes to helping customers struggling with Britain’s cost of living crisis, the Financial Conduct Authority said on Thursday. “The FCA has already told 32 firms to make changes to improve the way they treat customers and so far, seven of these firms …
UK watchdog warns banks over treatment of customers Read More »
