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ING toughens oil and gas policy to include trade finance, midstream
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Sainsbury’s pays $524 million for full ownership of store investment vehicles
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Fraport sees 2023 passenger traffic at 80-90% of pre-pandemic levels
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Australia’s nuclear submarine plan to cost up to $245 billion by 2055 -defence official
Tennis-Panic attack ends Tsurenko’s Indian wells, as Raducanu marches on
Date: March 14, 2023
(Reuters) -Emma Raducanu scored her biggest win since a run to the U.S. Open title beating Beatriz Haddad Maia 6-1 2-6 6-4 to reach the fourth round at Indian Wells on Monday while Ukrainian Lesia Tsurenko withdrew from her match after a talk with the WTA boss that she says triggered a panic attack. Sidelined...
British EV startup Arrival gets $300 million funding, aims to slow cash-burn
Date: March 14, 2023
(Reuters) -Electric-vehicle (EV) startup Arrival on Monday got a $300 million equity financing line from Westwood Capital and said it seeks to slow its cash-burn rate, as the British firm looks to start U.S. production of its van in late-2024. U.S.-listed shares of the company closed 13.5% lower. EV firms have been experiencing a cash...
UniCredit shareholders urged to reject CEO Orcel’s pay rise
Date: March 14, 2023
By Valentina Za MILAN (Reuters) – Leading governance adviser Institutional Shareholder Services (ISS) on Monday recommended shareholders at UniCredit reject a proposed new pay package for CEO Andrea Orcel as well as the bank’s new incentive scheme. After recommending UniCredit shareholders vote against Orcel’s pay package when he first joined in 2021, ISS last year...
Meta to wind down NFTs on platforms amid crypto bust
Date: March 14, 2023
(Reuters) -Meta Platforms Inc is cutting off support for digital collectibles or non-fungible tokens (NFTs) on its platforms less than a year after rolling it out, as the crypto market continues to spiral. “We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses,” the social media...
Swiss regulator monitoring banks and insurers after SVB collapse
Date: March 14, 2023
ZURICH (Reuters) – Swiss financial regulator FINMA on Monday said it was seeking to identify any potential contagion risks for the country’s banks and insurers following the collapses of Silicon Valley Bank and Signature Bank. Shares in Swiss banks slumped along with others in the sector globally after moves by U.S. authorities to guarantee deposits...
Market stress indicators react sharply after U.S. bank failures
Date: March 13, 2023
By Amanda Cooper, Yoruk Bahceli and Naomi Rovnick LONDON (Reuters) – Financial market stress indicators reacted sharply on Monday after the failure of three U.S. banks within five days, which prompted a rethink among investors on the outlook for U.S. rates and triggered the biggest rush into bonds since at least 2008. State regulators closed...