(Reuters) -Shares of Medibank Private Ltd dived nearly 5% on Monday even after the Australian health insurer assured clients that normal business operations have resumed following an attempted ransomware attack on its network. The company, which reaffirmed that there was no evidence that customer data had been removed from the network, is on track to …
Australia’s Medibank drops after ransomware attack in IT network Read More »
(Reuters) – JPMorgan Chase & Co said on Monday that Carlos Hernandez, its executive chair of investment and corporate banking, will retire at the end of the first quarter next year. Hernandez, 61, is a 36-year veteran of the company and has helped grow several segments of JPMorgan including its treasury services, investor services and …
JPMorgan investment banking chief Hernandez to retire in 2023 Read More »
By Noel Randewich (Reuters) – U.S. House Speaker Nancy Pelosi’s husband sold call options in chipmakers Micron Technology and Nvidia for a loss of under $1 million, according to a new transparency filing. In a periodic transaction report dated Friday, the senior Democrat disclosed that her husband, financier Paul Pelosi, lost $392,575 in the sale …
U.S. Speaker Pelosi’s husband sold Nvidia, Micron options at a loss Read More »
By John Revill ZURICH (Reuters) -Credit Suisse has agreed to pay $495 million to settle a case related to mortgage-linked investments in the United States, the latest pay-out related to past blunders that have battered the Swiss bank’s reputation. The lender has been paying out billions of dollars to resolve legal cases linked to its …
Credit Suisse pays $495 million to settle legacy U.S. case Read More »
NEW YORK (Reuters) – Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is forecast to rise by about 50,000 barrels per day (bpd) to a record 5.453 million bpd in November, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday. U.S. crude oil …
U.S. Permian oil production forecast to hit record in November -EIA Read More »
By Pamela Barbaglia, Saeed Azhar and Lananh Nguyen LONDON/NEW YORK (Reuters) – Goldman Sachs is planning a major reorganization to combine its biggest businesses into three divisions with its investment banking and trading businesses being merged into a single unit, two people familiar with the matter told Reuters. The plans are expected to be announced …
Goldman plans major reorganization to combine key units -sources Read More »
HOUSTON/NEW DELHI (Reuters) – Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major’s refusal to accept local insurance for tankers after Western insurers pulled out due to sanctions, several industry sources told Reuters. Western insurers withdrew cover from tankers operated by state-run Sovcomflot, Russia’s biggest shipping group, which was …
Exxon’s Russian oil output collapsed after rejecting local tanker insurance – sources Read More »
MOSCOW (Reuters) -The rouble strengthened to a one-week high against the dollar on Monday, supported by the start of a favourable month-end tax period, as oil prices edged lower and the spectre of geopolitical risk continued to lurk over Russian markets. By 0848 GMT, the rouble was 1.1% stronger against the dollar at 61.41 , …
Russian rouble climbs to one-week high vs dollar as tax period begins Read More »
By Gilles Guillaume PARIS (Reuters) – Fully electric and hybrid vehicles in 2022 have almost doubled as a percentage of the Renault brand’s European sales over the last two years, an executive said ahead of the Paris Motor Show. “In Europe, we will be at 40% this year,” Fabrice Cambolive, the brand’s chief operating officer, …
EVs, hybrids to make up 40% of Renault brand 2022 Europe sales – executive Read More »
MILAN (Reuters) – Italy’s Monte dei Paschi di Siena launched on Monday a new share sale, its seventh in 14 years, seeking to raise up to 2.5 billion euros ($2.4 billion) to fund its latest turnaround plan. MPS, which is owned by the state following a 2017 bailout, is offering shareholders 374 new shares for …
Monte dei Paschi kicks off 2.5 billion euro cash call Read More »
