Business
Norway wealth fund to vote in favour of UniCredit remuneration plan
OSLO (Reuters) – Norway’s $1.3 trillion sovereign wealth fund, one of the world’s largest investors, will vote in favour of the UniCredit…
Business
Standard Chartered agrees to sell business in Jordan
By Hadeel Al Sayegh DUBAI (Reuters) -Standard Chartered plans to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), the two…
Business
IMF says risks to financial stability have increased, calls for vigilance
BEIJING (Reuters) -International Monetary Fund chief Kristalina Georgieva said on Sunday that risks to financial stability have increased and called for continued…
Business
Apple CEO praises China’s innovation, long history of cooperation on Beijing visit
SHANGHAI (Reuters) – Apple CEO Tim Cook on Saturday used his first public remarks on his visit to China to praise the…
Business
Moody’s downgrades Poland’s mBank, confirms Bank Millennium
WARSAW (Reuters) – Moody’s has downgraded the long-term deposit ratings of mBank and changed the outlook to negative from “under review” citing…
Business
Britain’s John Lewis has lost its soul, says Mary Portas
LONDON (Reuters) – British retail consultant and television personality Mary Portas has written an open letter to the John Lewis Partnership accusing…
Business
Italy to hand Monte dei Paschi CEO Lovaglio new mandate – sources
MILAN (Reuters) – Italy’s Treasury is set to hand veteran banker Luigi Lovaglio a new mandate as chief executive of state-owned lender…
Business
Analysis: Wall Street push for bank rescues clashes with Washington realities
By Pete Schroeder and Saeed Azhar WASHINGTON/NEW YORK (Reuters) – The banking crisis set off by the swift collapse of Silicon Valley…
Business
Small U.S. banks see record drop in deposits after SVB collapse
(Reuters) -Deposits at small U.S. banks dropped by a record amount following the collapse of Silicon Valley Bank on March 10, data…
Business
Strength in megacap stocks masks broader U.S. market woes
By Lewis Krauskopf NEW YORK (Reuters) – Investors are relying on an old strategy to navigate the current tumult in asset prices:…