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Britannia global markets to give up LME membership on June 20
Date: June 9, 2022
By Pratima Desai LONDON (Reuters) – Britannia Global Markets will give up Category 2 membership of the London Metal Exchange (LME) from June 20 after the recent nickel debacle which led the exchange to suspend trading and cancel all nickel trades on March 8. Disorderly trade on that Tuesday saw nickel prices double in a...
Exclusive-UniCredit widens search for buyers to sell out of Russia – sources
Date: June 6, 2022
By Giselda Vagnoni and Valentina Za MILAN (Reuters) – Italian bank UniCredit has widened its search for a buyer for its Russian business beyond local investors, as it steps up efforts to leave the country, two people with knowledge of the matter said. UniCredit held talks with local bidders, but escalating Western sanctions have hampered...
AXA registers Shanghai fund unit as city seeks revival from COVID
Date: June 2, 2022
SHANGHAI (Reuters) -AXA Investment Managers has completed registration for a private fund unit in Shanghai, as Chinese regulators streamline processes to help foreign and local asset managers revive businesses amid COVID-19 outbreaks. Other filings with the Asset Management Association of China (AMAC) show that Shanghai subsidiaries of global asset managers including Neuberger Berman, Abrdn Plc,...
U.N. nuclear watchdog urged to rebuke iran, a U.S., European draft shows
Date: June 1, 2022
By Francois Murphy VIENNA (Reuters) -The United States, France, Britain and Germany are pushing for the U.N. nuclear watchdog’s Board of Governors to rebuke Iran for failing to answer longstanding questions on uranium traces at undeclared sites, a draft resolution seen by Reuters showed. The move is likely to anger Iran, which generally bristles at...
After winter olympics, China retreats from sports hosting amid ‘zero-COVID’ policy
Date: May 20, 2022
By Ian Ransom (Reuters) – A few months after holding a Winter Olympics as memorable for its extreme anti-COVID-19 measures as the competition, China has all but given up hosting international sporting events while it battles fresh outbreaks around key cities. On Sunday, China surrendered hosting rights for next year’s Asian Cup, the continent’s top...
France’s alstom trains sights on higher synergies after profit beat
Date: May 11, 2022
By Juliette Portala (Reuters) -French train maker Alstom on Wednesday reported annual operating profit above expectations and said it expected higher synergies from its acquisition of Bombardier’s rail business to start flowing in from 2025-2026. The company posted adjusted operating profit (EBIT) of 767 million euros ($808.03 million) for the fiscal year ended March 31,...