By Huw Jones LONDON (Reuters) – Banks should beware of fake news that could trigger a run on their deposits, the European Union’s banking watchdog said in a warning on Friday about potential fallout from the war in Ukraine. “As market sentiment remains highly volatile and driven by news flow, banks’ liquidity levels can become …
Beware of wartime fake news triggering a run, EU banks told Read More »
By Diana Mandia and Federica Mileo (Reuters) – French catering and food services group Sodexo on Friday lowered expectations for full-year organic revenue growth, citing the coronavirus pandemic, the Ukraine conflict and closure of COVID-19 testing centres in the United Kingdom. The Paris-based company now expects organic revenue growth around the bottom of its previously …
Sodexo reduces growth guidance as uncertainties weigh Read More »
By Jeffrey Dastin and Danielle Kaye (Reuters) – Amazon.com Inc workers at a warehouse in New York City’s Staten Island have so far voted 57% in favor of unionizing with a final tally due on Friday, a potential landmark victory for organized labor at the second-largest U.S. private employer. But that win contrasted with 53% …
Amazon union has strong lead in NY vote count; losing in Alabama Read More »
By Matt Scuffham and Megan Davies NEW YORK (Reuters) – Global banks face an arduous and costly process if they decide to close businesses in Russia, banking sources and experts say, complicating decisions over whether they should withdraw. Sanctions placed on Russia following its week-old invasion of Ukraine and retaliation from Moscow have raised questions …
Analysis-Global banks face costly, arduous process to exit Russia Read More »
By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) said on Friday it denied a General Motors Co request that would have allowed the automaker to avoid fixing headlight glare problems on about 725,000 U.S. sport utility vehicles. If the agency had agreed to declare the problem inconsequential, GM would not have …
U.S. requires GM to fix headlight glare on 725,000 SUVs Read More »
SEOUL (Reuters) – South Korea’s Hyundai Motor Co has not decided when to resume operations at its assembly plant in Russia’s St Petersburg, it said on Friday, citing ongoing issues with components delivery. “Safety of our employees and caring for our customers remains the utmost priority of Hyundai Motor. We sincerely hope the situation is …
Hyundai Motor continues suspension at Russian assembly plant Read More »
PARIS (Reuters) – Dassault Aviation voiced frustration at the progress of talks with Airbus over the next phase of studies for a next-generation fighter and said it was important to establish clear leadership of the project. “I accept to be leader if I have the leverage to be leader,” Chief Executive Eric Trappier said, referring …
Dassault CEO voices frustration with Airbus over fighter talks Read More »
By Naveen Thukral SINGAPORE (Reuters) – Commodity markets were on track on Friday for their biggest weekly gains in years as the shuttering of Ukrainian ports and sanctions against Russia sent energy, crop and metal buyers scrambling for replacement supplies. Russia is one of the world’s biggest exporters of key raw materials, from natural gas …
Markets set for biggest weekly gains in years as Russia-Ukraine war hits supplies Read More »
MOSCOW (Reuters) – Foreign companies that want to leave Russia will receive fast-tracked bankruptcy protections or can hand their stakes over to local managers until they return to Russia, First Deputy Prime Minister Andrei Belousov said on Friday. Western sanctions imposed on Russia in punishment for its invasion of Ukraine have prompted dozens of global …
Russia offers fast-track bankruptcy to departing companies Read More »
A look at the day ahead in markets from Dhara Ranasinghe. A fire at a training building near the largest nuclear power plant in Europe during intense fighting between Russian and Ukrainian forces has been extinguished, but markets globally were left on edge on Friday. Stock markets across Asia were a sea of red, with …
