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Top StoriesBNP Paribas Pledges No New Loans for Oil Drilling in Amazon Rainforest
Top StoriesRocky Ride Ahead for Norway’s $1.2 Trillion Wealth Fund
Top StoriesUkraine and Russia: What You Need to Know Right Now
Top StoriesBp to Keep Betting on Lower Carbon, More Economical Offshore Oil Output
Analysis-Iran Nuclear Deal Near Death, but West Not Ready to Pull Plug
Date: May 2, 2022
By Arshad Mohammed, John Irish and Parisa Hafezi WASHINGTON/PARIS/DUBAI (Reuters) – Western officials have largely lost hope the Iran nuclear deal can be resurrected, sources familiar with the matter said, forcing them to weigh how to limit Iran’s atomic program even as Russia’s invasion of Ukraine has divided the big powers. While they have not...
‘Entry Only. No Exit:’ Beijing Sees More Covid Closures as Anger Grows in Shanghai
Date: April 29, 2022
By Martin Quin Pollard and David Stanway BEIJING/SHANGHAI (Reuters) -China’s capital Beijing closed more businesses and residential compounds on Friday, with authorities ramping up contact tracing to contain a COVID-19 outbreak, while resentment at the month-long lockdown in Shanghai grew. In the finance hub, fenced-in people have been protesting against the lockdown and difficulties in...
France’s Safran Tackles Impact of Ukraine War but Confirms Targets
Date: April 29, 2022
PARIS (Reuters) – French aerospace group Safran warned of “significant impacts” from the war in Ukraine and from rising inflation, but confirmed full-year forecasts as it reported 22% growth in first-quarter revenue. The maker of jet engines and landing gear said quarterly adjusted sales rose 17% on a like-for-like basis to 4.071 billion euros ($4.3...
Strong Earnings Spur Rally Across European Stocks
Date: April 28, 2022
By Sruthi Shankar (Reuters) -European shares rallied in morning trade on Thursday, as forecast-beating results from companies including energy major TotalEnergies and automaker Volvo helped set aside worries about slowing global economic growth. The pan-European STOXX 600 index rose 1.3%, extending gains for a second day, with all regional bourses in the black. Automakers rallied...
Swiss National Bank Posts $34 Billion Loss as Bond Losses Bite
Date: April 28, 2022
ZURICH (Reuters) – The Swiss National Bank reported a first quarter loss of 32.8 billion Swiss francs ($33.75 billion), the central bank said on Thursday, as lower bond prices and the higher franc dented the value of its foreign currency investments. The bank made a loss of 36.8 billion francs from its foreign currency investments...
UBS Holds $22 Billion for Russians Subject to Swiss and EU Scrutiny
Date: April 26, 2022
ZURICH (Reuters) -UBS held roughly $22 billion in invested assets for Russian clients potentially affected by EU and Swiss measures imposed to punish Moscow’s invasion of Ukraine, including those not domiciled in Switzerland or the European Economic Area as of end-March, its quarterly report showed on Tuesday. Swiss banks hold up to $213 billion of...