Swiss gov’t proposes public liquidity backstop for big banks
ZURICH – The Swiss government wants to set up a new backstop allowing the provision of state-guaranteed cash should one of the country’s big banks fail, it said on Friday,…
ZURICH – The Swiss government wants to set up a new backstop allowing the provision of state-guaranteed cash should one of the country’s big banks fail, it said on Friday,…
By Guy Faulconbridge LONDON -Confiscating the assets of companies that have fled Russia since the invasion of Ukraine would shatter investor confidence for decades and take Russia back to the…
– U.S. bond funds posted large outflows in the week to March 9 on investor fears that surging oil prices would push up already-high U.S. inflation. U.S. investors pulled a…
GREENEVILLE, Tenn. – Following a six-day trial in United States District Court at Greeneville, a jury convicted Charles Elsea, Jr., 44, a longtime inmate of the Tennessee Department of Corrections,…
FRANKFURT – Luxury carmaker Mercedes-Benz AG on Friday firmed up plans to build a battery recycling pilot plant in Germany, part of a trend in which carmakers are trying to…
NEW YORK – The U.S. Securities and Exchange Commission rejected proposals to list and trade shares of spot bitcoin exchange-traded funds (ETFs) NYDIG Bitcoin ETF https://www.sec.gov/rules/sro/nysearca/2022/34-94395.pdf and Global X Bitcoin…
-Russia’s government on Friday proposed a raft of measures, including some for suppliers of state-owned companies and its IT sector, as it seeks to weather the impact of Western sanctions…
By Howard Schneider, Balazs Koranyi and Leika Kihara -The Russian attack on Ukraine may slow global growth and raise new economic risks, but top central banks are keeping their focus…
– The Russian franchisee of global pizza chain Domino’s has suspended royalty payments from its restaurants in Russia and will limit further investment in the country following Moscow’s invasion of…
By David Milliken LONDON – The Bank of England looks set to lift interest rates to 0.75% on Thursday, its third rate rise in a row as it seeks to…
By David Shepardson WASHINGTON – U.S. regulators on Thursday issued final rules eliminating the need for automated vehicle manufacturers to equip fully autonomous vehicles with manual driving controls to meet…
By Siddarth S and Nivedita Balu – Apple Inc’s low-cost 5G model should enhance the iPhone maker’s appeal in Asia where it is in a stiff battle with multiple rivals…
ZURICH – Nestle has stopped exporting and importing non-essential food items such as Nespresso coffee or S.Pellegrino water from and to Russia, a spokesperson told Reuters on Friday. The Swiss…
WASHINGTON – The Internal Revenue Service plans to launch job fairs and other efforts to hire 10,000 new employees over the next several months to help clear millions of unprocessed…
By Eric M. Johnson, Francesca Landini and Tim Hepher -Boeing Co is yet to see any respite from a freeze in deliveries of its 787 Dreamliner – but that has…
-Flexible workspace provider WeWork Inc said it expects 2022 revenue to jump at least 30% amid demand for office space from companies switching to a hybrid model of work. The…
– Prosecutors have asked a Russian court to designate Facebook’s parent organisation Meta Platforms as an “extremist organisation,” Interfax reported on Friday. The state prosecutor also asked Russia’s communications watchdog…
-Russia is working on sourcing spare parts for aircraft from China and other Asian countries, the transport ministry said on Friday, and has not yet decided whether to buy foreign…
By Leah Douglas – U.S. ethanol producers are betting heavily on carbon capture and storage (CCS) technology to lower their greenhouse gas emissions and secure a place for the corn-based…
MILAN – Stellantis should be able to catch up with electric vehicle pioneer Tesla in the coming years, its chief executive Carlos Tavares said on Friday, adding that competition would…
SHANGHAI -Shares in Yum China and four other Chinese companies tumbled on Friday after they were ensnared in an auditing dispute between Beijing and Washington, though China’s securities regulator said…
ZURICH – A Swiss court has rejected an Arab businessman’s appeal seeking to block Japanese prosecutors from getting bank account details for their investigation of fugitive former car executive Carlos…
By Francesca Landini MILAN – Italian aerospace and defence group Leonardo believes Russia’s invasion of Ukraine will accelerate plans to create European common defence capabilities and expects to see higher…
SHANGHAI – China’s securities regulator on Friday published draft rules on how fines for securities fraud offenses will be prioritised to compensate investors in civil cases, part of a broader…
By David Lawder WASHINGTON – Philadelphia is plugging a massive budget hole opened by COVID-19, avoiding layoffs and the closing of swimming pools. St. Louis is handing out $500 checks…