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BERN (Reuters) – While Swiss financial firms’ business ties to Russia are “not insignificant”, financial market supervisor FINMA does not currently foresee a wide-scale threat to the Swiss financial market and its stability due to Russia’s invasion of Ukraine, FINMA’s new boss said on Tuesday. “In respect of the Ukraine war, we can summarise by …

Swiss finance faces “manageable” first-round effects from Ukraine conflict – FINMA Read More »

(Reuters) – Home rental company Airbnb Inc said late on Monday it had suspended operations in Russia and Belarus. “Guests globally will no longer be able to make new reservations for stays or Experiences in Russia or Belarus,” the company said in a statement. “Guests located in Russia or Belarus will not be able to …

Airbnb suspends operations in Russia and Belarus Read More »

(Reuters) – In the run-up to Tesla Inc Chief Executive Elon Musk’s public disclosure of a $3 billion stake in Twitter, the billionaire had criticized the microblogging site for failing to adhere to free speech principles and said he was contemplating building a new social media platform. The world’s richest person in the past months …

Elon Musk takes a dig at Twitter, Web3 and NFTs, on Twitter Read More »

By Lewis Krauskopf, Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – The benchmark S&P 500 index rose on Monday, boosted by megacap tech and growth stocks and a surge in Twitter after Elon Musk revealed his stake in the company, amid cautionary signals in the bond market and talk of more sanctions against Russia over …

S&P 500 rises on megacap stock boost, Twitter surge Read More »

By Katanga Johnson WASHINGTON (Reuters) -Gary Gensler, the head of the U.S. securities regulator, said on Monday the agency is weighing how it could extend investor protections afforded to users of exchanges and alternative trading platforms to crypto trading platforms. The expanded Securities and Exchange Commission (SEC) oversight would see the agency regulate platforms on …

U.S. SEC chair previews path forward on crypto trading scrutiny, investor protection Read More »

By Rodrigo Viga Gaier and Gabriel Araujo RIO DE JANEIRO (Reuters) -Energy consultant Adriano Pires has backed out of the Brazilian government’s nomination for him to take the helm at Petrobras, two sources told Reuters on Monday, as the latest succession plan at the state-run oil company appears to have fallen apart. Pires’ decision came …

Brazil government’s pick for next Petrobras CEO withdraws, sources say Read More »

(Corrects third paragraph to say Hamren is chief operating officer instead of Hamren was chief operating officer) By Svea Herbst-Bayliss BOSTON (Reuters) -Hasbro Inc on Monday added two directors to its board and said it will keep its Wizards of the Coast unit, rejecting calls from an activist investor to spin off the profitable unit …

Hasbro adds two directors, plans to keep Wizards unit Read More »

SAO PAULO (Reuters) – Mercedes-Benz Group will put more than five thousand workers on collective vacation in two plants in Brazil due to the shortage of semiconductor chips, the company said on Monday. The production stoppage will happen from April 18 to May 3 and includes 5,000 employees in the Sao Bernardo do Campo plant …

Mercedes-Benz puts 5,600 workers on vacation in Brazil due to chips shortage Read More »

By Laura Sanicola (Reuters) -Jet fuel prices are soaring on the U.S. East Coast, home to some of the world’s busiest airports, with buyers anticipating a worsening shortage as supply dwindles amid sanctions on Russian energy exports. Following Russia’s Feb. 24 invasion of Ukraine, the United States and allies slapped heavy sanctions on Russian industry, …

U.S. East Coast jet fuel costs soar on shortage fears Read More »

By Nora Buli OSLO (Reuters) – Russia maintained gas flows through key pipeline routes into Europe on Monday, despite uncertainty over payment terms and as European leaders called for more sanctions against Moscow after war crimes allegations in Ukraine. Physical gas flows through the Yamal-Europe pipeline, at Germany’s Mallnow point see-sawed over the weekend and …

Russia maintains gas deliveries as Europe moots fresh sanctions Read More »