By Echo Wang (Reuters) – Wall Street ended lower on Monday after bank stocks erased earlier gains and Apple shares fell on a report saying the company plans to slow hiring and spending growth next year. After posting solid gains to start the session following earnings from Bank of America Corp and Goldman Sachs Group …
Wall Street closes down on slide in Apple shares, bank stocks Read More »
By Andrea Shalal SEOUL (Reuters) – U.S. Treasury Secretary Janet Yellen described as “encouraging” talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices and make it harder for Moscow to fund its war in Ukraine. Yellen, who arrived in Seoul on Monday evening, told …
Yellen: U.S. talks with India on price cap on Russian oil ‘encouraging’ Read More »
(Reuters) – Coinbase Global Inc secured approval from Italian regulators to provide ongoing crypto services to customers in Italy, the cryptocurrency exchange said in a blog on Monday. (Reporting by Akriti Sharma in Bengaluru; Editing by Rashmi Aich)
FARNBOROUGH, England (Reuters) -Airbus expects delays in engine supplies that have been holding back aircraft deliveries to peak at mid-year, Chief Executive Guillaume Faury was reported on Monday as saying. Airbus has been forced to build some narrowbody A320neo-family jets without engines in order to keep assembly lines running, mirroring a smaller scale disruption seen …
Airbus sees engine delivery delays peaking at mid-year – report Read More »
By Supantha Mukherjee STOCKHOLM (Reuters) -H&M, the world’s second-biggest fashion retailer, said on Monday it had decided to wind down its business in Russia, joining a growing list of companies fully exiting the country and sending its shares down 1%. The company suspended its business in Russia in early March in the wake of Western …
Fashion retailer H&M joins TJX, others in exiting Russia Read More »
MOSCOW (Reuters) – Russian blockchain firm Atomyze has launched the first digital token backed by palladium produced by Nornickel, it said on Monday. Atomyze was the first Russian firm to receive approval to exchange digital assets in February, while the central bank has long voiced scepticism about cryptocurrencies. “The emergence of Russia’s first industrial token …
Blockchain firm executes Russia’s first digital asset deal with palladium Read More »
HELSINKI (Reuters) -Finland’s Nordea on Monday said a rise in interest income had boosted its second-quarter core earnings, sending its shares more than 2% higher in early trading. The bank’s April-June operating profit rose by 2% and net interest income by 6% from a year earlier, while net fee and commission income fell 5%. “We …
Finland’s Nordea posts higher profit amid economic uncertainty Read More »
BEIJING (Reuters) – China’s banking regulator has worked with the finance ministry and central bank to accelerate the issuance of special local government bonds to help supplement the capital of small and medium-sized banks, China Banking and Insurance News reported. The central government will take multiple measures to enhance the capitalisation of small and medium-sized …
China expedites local govt debt issuance to bolster capital of smaller banks Read More »
BERLIN (Reuters) – The consequences of the Ukraine conflict could accelerate Germany’s green energy transition despite Berlin’s decision to reconnect coal-fired power plants to compensate for falling fossil fuel supplies from Russia, a study published on Sunday showed. The German government has been pushing for a shift to renewable energy, aiming for renewables to contribute …
Ukraine conflict could speed up Germany’s green energy transition – study says Read More »
By David Shepardson LONDON (Reuters) – Boeing’s defense chief said on Sunday it had learned lessons from a contract to supply the U.S. presidency with new Air Force One aircraft, which has cost the planemaker almost $1 billion in charges and is up to three years behind schedule. Ted Colbert did not give details of …
Boeing says ‘lessons learned’ from costly Air Force One deal Read More »
