COPENHAGEN (Reuters) – A group of investors has appealed a November verdict by a Danish court which cleared former Danske Bank CEO Thomas Borgen of any liability for shareholder investment …
Reuters
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Business News
Brent could quickly top $90/bbl on Fed pivot, China demand recovery – BofA
by Reutersby Reuters(Reuters) – Global oil benchmark Brent could rebound and quickly rise past $90 per barrel on the back of a dovish pivot in the U.S. Federal Reserve’s monetary policy and …
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By Jörn Poltz MUNICH (Reuters) -Former Wirecard boss Markus Braun’s lawyers accused prosecutors of botching Germany’s biggest post-war fraud trial at the start of his defence on Monday and alleged …
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Apple should face 6 million euro fine, advisor to French privacy watchdog says
by Reutersby ReutersBy Mathieu Rosemain PARIS (Reuters) -Apple should face a 6 million euro ($6.3 million) fine for breach of privacy rules, the top advisor to French data protection authority’s sanction body …
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Stellantis teams up with Michigan’s DTE to advance renewable energy goals
by Reutersby Reuters(Reuters) – Automaker Stellantis NV said on Monday it will power 70 of its facilities in Michigan entirely with solar energy by 2026 through a partnership with DTE Energy Co, …
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Uralsib completes purchase of Citi’s Russian consumer loan portfolio
by Reutersby ReutersMOSCOW (Reuters) -Russian commercial bank Uralsib said on Monday it had completed the acquisition of a portfolio of consumer loans from Citigroup Inc’s Russian unit, as the major U.S. lender …
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US and World News
Prince Harry implies royals lied to protect his brother in latest Netflix trailer
by Reutersby ReutersLONDON (Reuters) – Prince Harry appeared to say Britain’s royal household was prepared to lie to protect his elder brother Prince William, in a new trailer released on Monday for …
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Crypto winter end in sight as Ethereum looks to shake the chills- analysts
by Reutersby Reuters(Reuters) – Most big banks and investment managers expect the cryptocurrency market to pick up in 2023 after a brutal year that saw bitcoin sink around 75% from its all-time …
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Nestle to launch new Ukraine facility in rare war-time investment
by Reutersby ReutersKYIV (Reuters) – Nestle (NESN.S) will invest 40 million Swiss francs ($42.88 million) to launch a new production facility in western Ukraine, the company said on Monday. Nestle is one …
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US and World News
Freed Russian arms dealer Bout joins Kremlin-loyal ultranationalist party
by Reutersby ReutersBy Felix Light (Reuters) – Viktor Bout, the Russian arms dealer freed on Thursday after 14 years in U.S. custody in exchange for U.S. basketball star Brittney Griner, has joined …
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(Reuters) – Wall Street’s main indexes opened higher on Monday as investors awaited inflation data and the Federal Reserve’s policy decision later this week to gauge the U.S. economic outlook …
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Business News
Tax-loss selling in battered U.S. stocks could spur January snap-back
by Reutersby Reuters(This Dec. 7 story has been corrected to replace “more than 10%” with “in the red” in paragraph 5) By David Randall NEW YORK (Reuters) – Investors who sell underperforming …
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KABUL (Reuters) – The Taliban took back control of Afghanistan last year as U.S. and foreign troops withdrew after 20 years of conflict following the Sept. 11, 2001, attacks on …
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US and World News
Kabul hotel attack ends as three gunmen killed; two foreigners injured
by Reutersby ReutersKABUL (Reuters) -Armed men opened fire on Monday inside a hotel in central Kabul popular with Chinese nationals in an attack that ended when at least three gunmen were killed …
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US and World News
Goods pile up in North Korea after trains resume from Russia, think-tank says
by Reutersby ReutersBy Josh Smith SEOUL (Reuters) – Satellite images show goods from Russia appear to be piling up in a North Korean railyard, about a month after trains were reported crossing …
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Business News
India’s November retail inflation below 6% for first time this year
by Reutersby ReutersBy Aftab Ahmed and Nikunj Ohri NEW DELHI (Reuters) -India’s annual retail inflation eased below its central bank’s upper tolerance level for the first time this year in November amid …
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China Unicom to delete users’ mobile travel data in COVID-hit areas
by Reutersby ReutersBEIJING (Reuters) – Chinese state-owned telecom giant China Unicom said on Monday it will delete users’ mobile itinerary data previously used to identify travellers in COVID-stricken areas from Dec. 13. …
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Russia to hold rates at 7.5% this week as inflation slows: Reuters poll
by Reutersby ReutersBy Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Russian central bank is expected to hold its key interest rate at 7.5% on Friday, as inflation continues to slow …
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By Ateeq Shariff (Reuters) – Most stock markets in the Gulf ended lower on Monday, with the Saudi index hitting a 20-month low ahead of interest rate decisions from the …
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Business News
Grill maker Weber to go private with BDT Capital in $3.7 billion deal
by Reutersby Reuters(Reuters) -Weber Inc, known for its domed charcoal grill, said on Monday it had agreed to be taken private by controlling shareholder BDT Capital Partners LLC in a $3.7 billion …
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Pakistan hopes to finalise talks with Saudi Arabia on financial help soon
by Reutersby ReutersISLAMABAD (Reuters) -Pakistan is hoping to conclude talks with Saudi Arabia soon on financial help for the South Asian nation, Pakistan’s Finance Minister Ishaq Dar said on Monday. Dar also …
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(This story has been refiled to say that the laws will be enforceable in three years in paragraph 9.) JAKARTA (Reuters) – Indonesia summoned a United Nations official on Monday …
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(Reuters) – Britain’s National Grid cancelled standby notices for Drax Group’s two coal units on Monday, according to Elexon’s website. Earlier in the day, the grid operator issued start-up notices …
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By Foo Yun Chee BRUSSELS (Reuters) – EU competition regulators have revised state aid rules to make it easier for European Union countries to finance the rollout of fast-speed broadband, …
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(Reuters) – Futures for Canada’s main stock index were flat on Monday, with investors on the sidelines as they brace for a week of key interest rate decisions from major …