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May 23, 2022

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Putin promises to bolster Russia’s IT security in face of cyber attacks

Reuters
May 20 (Reuters) – President Vladimir Putin said on Friday that the number of cyber attacks on Russia by foreign “state structures” had increased several times over and that Russia must bolster its cyber defences by reducing the use of foreign software and hardware. The websites of many state-owned companies......

Credit Suisse hires Barclays banker to run Iberia investment banking

Reuters
Logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland May 2, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register LONDON, May 20 (Reuters) – Credit Suisse has hired a senior Barclays dealmaker to lead its investment banking business in Spain......

Russian rouble rallies to March 2018 level against dollar

Reuters
A picture illustration shows Russian rouble banknotes of various denominations on a table in Warsaw, Poland, January 22, 2016. REUTERS/Kacper Pempel/File Photo Register now for FREE unlimited access to Reuters.com Register May 20 (Reuters) – The Russian rouble gained more than 7% against the dollar on Friday, hitting levels last......

U.S. banks’ 2021 hiring show lenders are seeking talent far beyond Wall Street

Reuters
NEW YORK, May 19 (Reuters) – More than half of the new employees banks and other financial services companies hired in 2021 are based in Orlando, Dallas and other cities – far from Wall Street – as the battle for talent pushed companies to cast a wider net for candidates,......

Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury

Reuters
May 18 (Reuters) – An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc (TSLA.O) from the widely followed S&P 500 ESG Index (.SPXESUP)because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk......

Wells Fargo sees end-of-year U.S. recession, cuts GDP view

Reuters
A person pushes a shopping cart in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Wells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S. recession......

ABN Amro shares fall as money-laundering provision boosts costs

Reuters
ABN AMRO logo is seen at the headquarters in Amsterdam, Netherlands May 14, 2019. REUTERS/Piroschka van de Wouw Register now for FREE unlimited access to Reuters.com Register ABN Amro reports stronger-than-expected Q1 net profit Costs higher than anticipated Shares trade down 10% FY net interest income now expected at top......

UniCredit, Citi consider swapping assets with Russian institutions – FT

Reuters
May 15 (Reuters) – UniCredit SpA (CRDI.MI) and Citigroup (C.N) are exploring asset swaps with Russian financial institutions as western banks trying to avoid heavy writedowns as they exit Russia, the Financial Times said on Sunday. UniCredit has received several offers from Russian financial institutions to buy its local subsidiary......

Swiss release some frozen Russian assets

Reuters
1,000-Swiss-franc banknotes lie in a box at a Swiss bank in Zurich, April 9, 2019. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, May 12 (Reuters) – The Swiss government on Thursday reported 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets frozen under sanctions......

Bank of Canada says rates are too stimulative, downplays 75 bps hike

Reuters
A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register OTTAWA, May 12 (Reuters) – The Bank of Canada’s policy rate, at 1%, is “too stimulative” given soaring inflation and......

EBRD to help Ukraine find an exit for its exports

Reuters
The Arkas Line’s Conti Basel container ship is docked in the Black sea port of Odessa, Ukraine, November 4, 2016. REUTERS/Valentyn Ogirenko Register now for FREE unlimited access to Reuters.com Register MARRAKECH, Morocco, May 12 (Reuters) – The European Bank for Reconstruction and Development (EBRD) is considering financial support for......

DigitalBridge buys data center company Switch for $11 billion

Reuters
May 11 (Reuters) – DigitalBridge Group Inc (DBRG.N) has agreed to buy data center operator Switch Inc (SWCH.N) for $11 billion, including debt, marking the latest deal in the digital asset sector that has attracted large private equity firms and infrastructure funds. Boca Raton, Florida-based DigitalBridge and Australian infrastructure investor......

Greece, UAE agree joint investments in energy, other sectors

Reuters
ATHENS, May 9 (Reuters) – Greece and the United Arab Emirates (UAE) on Monday agreed to jointly fund investments worth 4 billion euros ($4.2 billion) in the Mediterranean country and explore further cooperation in the energy sector, the Greek prime minister’s office said. Prime Minister Kyriakos Mitsotakis met with Crown......

Australia’s Westpac profit drops 12%, falling costs provide reprieve

Reuters
A woman exits the ground floor of an office building with Westpac logo amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. Picture taken June 3, 2020. REUTERS/Loren Elliott Register now for FREE unlimited access to Reuters.com Register May......

Egypt’s net foreign assets retreat further into the red in March

Reuters
CAIRO, May 8 (Reuters) – Egypt’s net foreign assets (NFAs) dropped by 169.7 billion Egyptian pounds ($9.17 billion) in March, the sharpest decline since the coronavirus crisis broke out in February 2020, central bank data showed on Sunday. NFAs fell to a negative 221.3 billion pounds at the end of......

Yelp, other companies take stance on abortion rights with travel benefit

Reuters
May 6 (Reuters) – Yelp Inc, Amazon.com, and Citigroup are among a small but growing number of companies rolling out policies to cover costs for American employees who need to travel out of state for an abortion. Yelp Inc (YELP.N) was one of the first to offer support for its......

Analysis: Banks face reversal of fortune from war and runaway inflation

Reuters
New era of rising rates renews focus on lending risks Policymakers run recession gauntlet to curb inflation War, geopolitics threaten long-lasting economic pain LONDON/BERLIN, May 6 (Reuters) – Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money......

SocGen boosts first-quarter income but costs of Ukraine war rise

Reuters
The logo of French bank Societe Generale is seen outside a bank office in Nantes, France, February 4, 2022. REUTERS/Stephane Mahe/Files Register now for FREE unlimited access to Reuters.com Register PARIS, May 5 (Reuters) – French lender Societe Generale (SOGN.PA) beat first-quarter earnings expectations on Thursday but booked higher provisions......

France’s Engie wants clear EU guidelines on Russian gas payments

Reuters
Catherine MacGregor, Chief Executive Officer of Engie, attends a meeting on economic and professional equality in Paris, France, October 25, 2021. REUTERS/Sarah Meyssonnier Register now for FREE unlimited access to Reuters.com Register May 5 (Reuters) – French utility Engie (ENGIE.PA) is still paying for Russian gas in euros, in line......

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