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BankingDecline and Near Fall of Italy’s Monte Dei Paschi, the World’s Oldest Bank
Top StoriesGermany’s Pck Schwedt Refinery Faces Output Cuts Without Russian Oil
Top StoriesArcelorMittal Increases Buyback Program, Sees Global Steel Dip
Top StoriesRyanair Load Factor Tops 90% for First Time Since COVID-19 Began
Vitol Sends First Shipment of Russian Espo Crude Cargo to Uae, Data Shows
Date: May 4, 2022
By Florence Tan and Chen Aizhu SINGAPORE (Reuters) – The world’s largest independent oil trader, Vitol, loaded a cargo of Russian ESPO Blend crude for the United Arab Emirates this week, the first such voyage for the grade, data from several analytics firms showed. Suezmax tanker Kriti Breeze, chartered for $2.3 million, loaded the 740,000-barrel...
Beijing Concerned With Rising North Korea Tensions, Envoy Says in Seoul
Date: May 2, 2022
By Josh Smith SEOUL (Reuters) – Beijing is concerned about the tense situation on the Korean peninsula, China’s Korean affairs envoy said as he arrived for talks in Seoul this week, adding that both the symptoms and root cause of tensions needed to be addressed. Amid stalled denuclearisation talks, North Korea has conducted a flurry...
Soccer-Man City Without Stones and Walker for Tough Trip to Leeds
Date: April 29, 2022
(Reuters) – Premier League leaders Manchester City will be without injured defenders Kyle Walker and John Stones for Saturday’s trip to Leeds United with the former possibly out for the season, manager Pep Guardiola said. The Spaniard told reporters on Friday that England international Stones could miss next week’s Champions League semi-final second leg at...
Hungary’s Otp Bank “pressured” by Ukraine to Sell Russian Unit, CEO Says
Date: April 27, 2022
BUDAPEST (Reuters) – Hungary’s OTP Bank, Central Europe’s largest independent lender, is under pressure from the government of Ukraine, where the bank is also present, to sell its Russian unit, Chief Executive Sandor Csanyi said on Wednesday. Earlier this month Csanyi said the bank would sell its Russian operation if there was a buyer, adding...
Russia’s “victory” in Mariupol Turns City’s Dreams to Rubble
Date: April 26, 2022
By Alessandra Prentice and Natalia Zinets KYIV (Reuters) – In the years prior to Russia’s invasion of Ukraine, the port city of Mariupol was undergoing a makeover. More than $600 million was spent on new roads, a children’s hospital and parks to modernise the mainly Russian-speaking city as part of a campaign to show the...
Barclays Bolsters Capital With $687 Million Sale of Absa Stake
Date: April 21, 2022
By Kirstin Ridley and Lawrence White LONDON (Reuters) -Barclays has sold a 7.4% stake in South African bank Absa, it said on Thursday, raising 526 million pounds ($687 million) as it looks to bolster its capital levels. Barclays, which said it would use the net proceeds for general corporate purposes, said the placing would raise...