WASHINGTON, March 3 (Reuters) – A measure in the U.S. funding legislation unveiled by congressional leaders on Sunday would block China from buying oil from the Strategic Petroleum Reserve. The desire for a hard line on China is one of the few truly bipartisan sentiments in the deeply divided U.S. Congress, and lawmakers have introduced […]
Feb 29 (Reuters) – Metro Bank (MTRO.L), opens new tab named Barclays executive Marc Page as its chief financial officer on Thursday, succeeding James Hopkinson who announced plans to step down last month. Page, who previously held senior roles at Lloyds Banking Group (LLOY.L), opens new tab before moving to Barclays (BARC.L), opens new tab in 2017, was most recently the finance […]
ATHENS, March 3 (Reuters) – Greece’s capital markets commission has approved the prospectus for the sale of shares in Piraeus Bank (BOPr.AT), opens new tab owned by the country’s bank bailout fund HFSF, it said on Sunday. The securities regulator said the shares will be sold via a public offering in Greece. It did not give the […]
Feb 29 (Reuters) – New York Community Bancorp (NYCB.N), opens new tab replaced its CEO, reported a fourth-quarter loss that was more than 10 times what it previously stated and disclosed faults in its financial reporting in filings on Thursday that sent its shares tumbling. The bank named Alessandro DiNello, executive chairman of its board, to the […]
SAO PAULO, Feb 28 (Reuters) – Western powers butted heads over how to handle frozen Russian assets on Wednesday as G20 finance ministers kicked off a discussion of challenges for the global economy, trying to set aside deep geopolitical divisions. Brazilian officials hosting the two-day meeting in Sao Paulo sought to focus talks on economic […]
LONDON, Feb 29 (Reuters) – The pound was set for a small monthly decline against both the dollar and the euro on Thursday, on a busy day for inflation data elsewhere in the world, while investors in Britain’s focus began turning to next week’s budget. Sterling was last down 0.06% against the dollar at $1.2654 […]
An appeals court judge on Wednesday denied a request by former President Donald Trump to pause enforcement of the $454 million judgment he was ordered to pay in his New York civil fraud case. But Judge Anil Singh’s ruling in Manhattan Supreme Court allows Trump and his two adult sons to stay in control of their companies while the […]
MOSCOW, Feb 28 (Reuters) – Russia’s largest lender Sberbank (SBER.MM), opens new tab reported a record annual profit of 1.5 trillion roubles ($16.3 billion) for 2023, a more than five-fold increase on the previous year as Russia’s banking sector recovered from the impact of financial sanctions. Last year, Russian banks collectively made record profits of 3.3 trillion […]
The expansion of the Trans Mountain oil pipeline will cost about $3.1 billion more than the Canadian government-owned company running the project projected in May, another financial setback for a project beset by spiralling expenses and years of delays.Costs for the expansion — which involves twinning a pipeline stretching from Edmonton to Vancouver — will be […]
Feb 27 (Reuters) – Two of Sweden’s largest property companies on Tuesday announced multibillion-crown writedowns in their 2023 results, as they grappled with a European property rout that both voiced hope could soon be over. For years, property in Europe and particularly Germany and Sweden boomed as interest rates fell, turbocharging demand. A sharp rise […]