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Russia’s Rosatom sees 2022 exports growth at 15% – report
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Volatile rouble falls again, cutting short slight recovery
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Apple’s Australian workers go on Christmas strike demanding better wages, work terms
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Amazon may be responsible for allowing Louboutin knock-off ads, EU court says
Citi appoints new co-heads of emerging markets division in EMEA
Date: December 23, 2022
(Reuters) – Citigroup Inc on Thursday named Hamza Girach and Rizwan Shaikh as co-heads of emerging markets at its banking, capital markets and advisory division in Europe, the Middle East and Africa (EMEA). Girach and Shaikh have been with the bank for roughly two decades. Girach was part of the team that covered Saudi Aramco’s...
Tesla shares tumble, on track for worst month ever
Date: December 23, 2022
By Noel Randewich (Reuters) – Tesla Inc shares are on track for their worst month ever as a sell-off deepened on Thursday over worries about softening demand for electric cars and Chief Executive Elon Musk’s distraction with Twitter. The stock dropped almost 10% on Thursday to their lowest level since September 2020 after the automaker’s...
Suez Canal open to foreign investment, sovereignty protected
Date: December 23, 2022
CAIRO (Reuters) -Egypt’s Suez Canal welcomes foreign investment but foreigners would have no control over the waterway or over a proposed fund that would help to manage its resources, the head of the Suez Canal Authority (SCA) said on Thursday. SCA Chairman Osama Rabie was speaking to reporters after legal amendments providing for the fund...
Banker bonuses go from boom to bust in jarring reversal
Date: December 22, 2022
By Lananh Nguyen, Saeed Azhar and Lawrence White NEW YORK/LONDON (Reuters) -Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes hold. Financiers face disappointment when their compensation awards land in...
Sterling falls to lowest since mid-November versus euro after data
Date: December 22, 2022
By Stefano Rebaudo (Reuters) – Sterling fell to its lowest since mid-November against the euro and rose against a weakening dollar after data showed the British economy contracted slightly more than expected. Economic output fell by 0.3% during the July-September quarter, compared with a previous estimate of 0.2%. Analysts see mainly downside risks for the...
Austrian regulator orders system-relevant banks to up capital buffers
Date: December 22, 2022
BERLIN (Reuters) – Austrian banking regulator FMA said on Thursday it has ordered system-relevant banks in the country to increase their capital buffers by 0.25 percentage points to 0.5 percentage points, in response to uncertainty triggered by the war in Ukraine. The buffers are to be built up gradually by end-2023, FMA said in a...