By Kirstin Ridley and Karin Strohecker LONDON (Reuters) – The European Union aims to cut off Sberbank, Russia’s largest lender, from the SWIFT international payment system as Western allies seek to further isolate Moscow from financial markets over its war in Ukraine. The latest proposal forms part of the EU’s sixth and toughest round of …
Disconnecting Russia’s banks: Sberbank faces SWIFT removal Read More »
By Fergal Smith TORONTO (Reuters) – The Canadian dollar will claw back its recent decline over the coming year, as elevated oil prices bolster Canada’s trade surplus and the central bank potentially hikes interest rates just as much as the U.S. Federal Reserve, a Reuters poll showed. The loonie has lost ground since it touched …
Canadian dollar seen rebounding as high oil price feeds trade surplus: Reuters poll Read More »
NEW YORK (Reuters) -Morgan Stanley disclosed in a filing on Wednesday that it is responding to “requests for information from regulators concerning its compliance with record-keeping requirements.” The request is related to business communications on messaging platforms that were not approved by the firm, the bank said in a regulatory filing. Reuters reported last October …
Morgan Stanley discloses regulators’ request for business communications records Read More »
By Manya Saini and John McCrank (Reuters) -New York Stock Exchange-parent Intercontinental Exchange said on Wednesday it will acquire Black Knight in a deal valuing the mortgage-lending software and data analytics firm at $13.1 billion. ICE’s cash-and-stock offer of $85 per share is a premium of nearly 34% to Black Knight’s close on Tuesday. The …
NYSE-owner ICE to buy Black Knight in $13.1 billion deal Read More »
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said Wednesday it will boost air traffic control staff in Florida after bad weather and space launches have often snarled flights in recent months. The FAA met with about a dozen airlines, general aviation representatives and associations on Tuesday “to find solutions to meet …
FAA to boost Florida air traffic control staff amid rise in snarled flights Read More »
(Reuters) – Corteva Inc on Wednesday reported a 19.6% rise in operating earnings for the first quarter, driven by strong demand for crop protection products such as herbicides and insecticides. A surge in prices of corn and soybean has encouraged U.S. farmers into pre-buying seeds and chemical sprays for spring season after the Russia-Ukraine conflict …
Corteva profit up 20% on solid demand for crop protection products Read More »
(Reuters) -U.S. insurer MetLife Inc on Wednesday posted a better-than-expected profit for the first quarter, as a boost from the company’s premiums and fees earned offset a decline in investment income. Net investment income fell 19% to $4.28 billion, while premiums, fees and other revenues rose 4% to $12.85 billion. Adjusted earnings from United States, …
MetLife beats profit estimates as fees, premiums increase Read More »
(Reuters) – Pioneer Natural Resources Co reported a five-fold jump in first-quarter profit on Wednesday and raised its dividend, as the U.S. shale producer benefited from soaring energy prices following the Ukraine crisis. The Dallas, Texas-based firm boosted its quarterly dividend by 95% to $7.38 per share. Producers are prioritizing shareholder returns over production ramp-ups, …
Pioneer Natural profit jumps five-fold as energy prices soar Read More »
(Reuters) -EBay Inc on Wednesday became the latest e-commerce retailer to give a gloomy revenue forecast as growth slows after two years of rapid expansion during the pandemic, sending its shares down 6% in extended trading. The company projected second-quarter between $2.35 billion and $2.40 billion, compared with the average analyst expectation of $2.54 billion, …
EBay gives gloomy revenue forecast as pandemic boom fades Read More »
By Rithika Krishna (Reuters) – Green Thumb Industries Inc reported a surge in revenue and core profit on Wednesday, as increasing acceptance of marijuana in the United States helped one of the country’s largest weed producers attract more customers. Eighteen states in the U.S. now allow the sale of cannabis for recreational use, with New …
Green Thumb profit rises as U.S. pot demand grows Read More »
