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Oil jumps 4% as U.S. gasoline prices hit record high
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Analysis-Big Oil gets investor reprieve as energy worries trump climate concerns
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Dollar dips to end trading week but set for weekly gain
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U.S. tells Southeast Asian leaders it will be in region for ‘generations’
Santander’s board begins search for CEO Alvarez’s replacement
Date: May 13, 2022
(Reuters) -Spain’s Santander SA has begun the process to find a replacement for Chief Executive Officer Jose Antonio Alvarez, according to a source familiar with the matter, gearing up for a change at the bank’s helm after seven years. The bank’s board, however, has not provided a time-frame for the search, the source added. A...
Russia advises against travel to UK because of ‘unfriendly’ visa stance
Date: May 13, 2022
(Reuters) – Russia said on Friday it was recommending that its citizens not travel to Britain, complaining that authorities there were making it “virtually impossible” for Russians to obtain visas. The Russian Foreign Ministry alleged Russian applications were being delayed because Britain was giving higher priority to Ukrainian refugees. It said Russians were also unable...
Ukraine begins first war crimes trial of Russian soldier
Date: May 13, 2022
By Pavel Polityuk and Tom Balmforth KYIV (Reuters) -A Ukrainian court held a preliminary hearing on Friday in the first war crimes trial arising from Russia’s Feb. 24 invasion, after charging a captured Russian soldier with the murder of a 62-year-old civilian. The case is of huge symbolic importance for Ukraine. The Kyiv government has...
Erste CEO will not renew contract due to conflict on strategy
Date: May 13, 2022
FRANKFURT (Reuters) – Austria’s largest bank Erste Group said on Friday that CEO Bernd Spalt would not renew his contract, which runs until June 30, 2023, due to “differing opinions on the future, long-term strategic orientation of the group”. Erste did not specify what the differences in opinions were. The bank said its supervisory board...
Barclays warns of sub-parity euro, 5 ppt GDP hit if Russia turns off gas taps
Date: May 13, 2022
By Marc Jones LONDON (Reuters) – Analysts at Barclays have warned of a 5 percentage point hit to euro zone GDP and a dive below dollar parity for the euro if Russia closes its gas taps as part of the escalating war in Ukraine. Worries are mounting in Europe that Moscow could sharply reduce the...
EQT pushes back Galderma IPO plans amid market turmoil – sources
Date: May 13, 2022
By Emma-Victoria Farr and Oliver Hirt LONDON (Reuters) – EQT is delaying listing plans for its $22 billion skincare firm Galderma as market volatility and recession fears in Europe cool investor appetite for what is set to be Switzerland’s biggest flotation in almost two decades, two sources told Reuters. The listing, which was expected to...