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Top StoriesQueen to Attend UK Jubilee Celebrations, but Snubs for Andrew and Harry
InvestingGlobal Gloom Sets European Shares for Worst Week Since March
Top StoriesExplainer-Might Russia Use Nuclear Weapons in the Ukraine War?
Top StoriesAmadeus Profit Takes Off in First Quarter as Air Travel Recovers
ING Misses Q1 Profit Estimates as Russia Provisions Hit Earnings
Date: May 6, 2022
By Toby Sterling AMSTERDAM (Reuters) -ING Groep NV, the largest Dutch bank, reported on Friday a worse-than-expected quarterly net income of 429 million euros ($452 million), including a surge in provisions for bad loans due to its exposure in Russia and Ukraine. Analysts had forecast first-quarter net income at 679 million euros, according to Refinitiv...
Russian Rouble Hits Highest Level Since March 2020; Sanctions Talk in Focus
Date: May 5, 2022
(Reuters) -The Russian rouble briefly reached its highest level against the dollar since March 2020 on Thursday, supported by capital controls, while stock indexes also climbed as the market watched developments around possible new sanctions against Moscow. The volatile currency hit a high of 65.31 per dollar in early trading on the Moscow Exchange but...
Credit Suisse Froze $10.6 Billion Worth of Sanctioned Assets in Q1
Date: May 5, 2022
By Michael Shields and Brenna Hughes Neghaiwi ZURICH (Reuters) – Credit Suisse froze 10.4 billion Swiss francs ($10.63 billion) of wealthy clients’ assets in the first quarter under sanctions imposed in connection with Russia’s invasion of Ukraine, the bank’s financial report showed on Thursday. The Swiss bank’s financial report gave more details of its first-quarter...
UK Revokes Moscow Bourse’s Status as Recognised Exchange
Date: May 5, 2022
LONDON (Reuters) – Britain on Thursday revoked the Moscow Stock Exchange’s (MOEX) status as a recognised stock exchange, removing some tax relief for new investors. Britain grants recognised status to some exchanges, which allow the securities traded on them to benefit from specific tax reliefs. While existing investments through MOEX are unaffected, new ones will...
Air France-KLM Beats Earnings Forecasts as Summer Bookings Take Off
Date: May 5, 2022
PARIS (Reuters) -Air France-KLM posted a first-quarter core profit that landed ahead of its own forecasts, fuelled by a recovery in ticket sales and lower unit costs, the Franco-Dutch airline group said on Thursday. Chief Executive Officer Benjamin Smith said the “recovery is here” amid strong forward bookings. “This paves the way for a successful...
Maersk in Talks With Buyers for Stake as Quits Russia
Date: May 4, 2022
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday. Maersk put its 30.75% share of Global Ports up for sale as it...