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Norway wealth fund to vote for labour rights motion at Starbucks AGM
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Swiss National Bank raises rates, says bank crisis stopped
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HSBC appoints new markets head amid wider investment bank reshuffle
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Zur Rose delays profitability break-even to 2024
Lloyd’s of London swings to 2022 pre-tax loss
Date: March 23, 2023
FRANKFURT (Reuters) – Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said on Thursday. The pre-tax loss was 800 million pounds ($982.56 million), compared with a profit of 2.3 billion pounds a year earlier. Rising interest rates have hit investments at many financial firms, and...
Oil spills and near misses: more ghost tankers ship sanctioned fuel
Date: March 23, 2023
By Jonathan Saul LONDON (Reuters) – An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain for drifting out of control. These vessels were part of a “shadow” fleet of tankers carrying oil last year from countries hit...
Oil dips after Fed comments, US crude stock build
Date: March 23, 2023
By Stephanie Kelly and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while U.S. crude stocks rose more than expected. Brent crude futures fell 66 cents, or 0.9%, to $76.03 a barrel by...
Bitcoin falls 4.5% to $26,916
Date: March 23, 2023
(Reuters) – Bitcoin dropped 4.5% to $26,916 at 20:07 GMT on Wednesday, losing $1,276 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 7% from the year’s high of $28,936 on March 22. Ether, the coin linked to the ethereum blockchain network, dropped 4.67 % to $1,722.6 on Wednesday, losing $84.3...
Inflation boosts Jeronimo Martins’ Q4 profit but dents margins
Date: March 23, 2023
LISBON (Reuters) – Portugal’s second-largest retailer Jeronimo Martins on Wednesday posted a 23% jump in fourth-quarter net profit as soaring inflation boosted sales – especially in Poland, its key market – but also dented its margins. The company, which netted 171 million euros ($185.65 million) from October to December, warned that food inflation remained high...
Exclusive-Ardian explores taking Italian tower operator INWIT private-sources
Date: March 23, 2023
By Milana Vinn and Amy-Jo Crowley (Reuters) – French investment firm Ardian is in the early stages of exploring a bid for Italy’s INWIT, the country’s top telecommunications tower operator with a market value of 11 billion euros ($12 billion), according to people familiar with the matter. Ardian, which is the second largest shareholder in...