NEW YORK (Reuters) – Oil prices steadied on Monday after strong gains last week, as tough coronavirus lockdowns around the world renewed concerns about global fuel demand, while a stronger U.S. dollar also weighed on prices.FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone […]
Read more
ROME/MILAN (Reuters) – Monte dei Paschi di Siena said it would grant access to confidential data to potential merger partners selected by its advisers, as Italy presses ahead with plans to cut its stake in the state-owned bank.FILE PHOTO: The entrance of Monte dei Paschi headquarters in Siena, Italy, October 27, 2017. REUTERS/Stefano Rellandini/File PhotoConfirming comments to Reuters from sources […]
Read more
(Reuters) – Shares of Twitter Inc slumped 7% on Monday, on course to knock off about $2.5 billion from the market value of the social media company after it permanently suspended the account of U.S. President Donald Trump.FILE PHOTO: A photo illustration shows the suspended Twitter account of U.S. President Donald Trump on a smartphone and the White House in […]
Read more
(Reuters) – Hollywood actor and former California governor Arnold Schwarzenegger has compared the storming of the U.S. Capitol by supporters of President Donald Trump to Nazi violence against Jews in a deeply personal video posted on Twitter. Schwarzenegger, a Republican Party member and long-time critic of Trump, likened the siege at the Capitol Building last week to “Kristallnacht”, or the […]
Read moreMILAN, Jan 11 (Reuters) – Poste Italiane said on Monday it had strengthened a consumer finance deal with the Italian arm of French bank BNP Paribas to cement its leadership in the market for loans backed by salaries or pensions. Under the deal with BNL-BNP Paribas, Poste will buy 40% of BNL Finance, a company specialising in loans where the […]
Read more
RIYADH/WASHINGTON (Reuters) – The United States plans to designate Yemen’s Houthi movement as a foreign terrorist organization, Secretary of State Mike Pompeo said, a move that diplomats and aid groups worry could threaten peace talks and complicate efforts to combat the world’s largest humanitarian crisis. The decision to blacklist the Iran-aligned group, first reported by Reuters hours earlier, comes as […]
Read more* Graphic: 2020 asset performance tmsnrt.rs/2yaDPgn * Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh LONDON, Jan 11 (Reuters) – World shares slipped from record highs on Monday as caution over rising coronavirus cases saw some profit-taking from investors, while Treasury yields remained close to 10-month highs, indicating expectations for global reflation from anticipated U.S. fiscal stimulus. Worldwide coronavirus cases surpassed […]
Read more
HONG KONG/ SHANGHAI (Reuters) – Wall Street institutions in Hong Kong said they are reducing exposure to Chinese companies named in a U.S. ban on investments in companies Washington considers linked to China’s military before the rules comes into force later on Monday.FILE PHOTO: A floor trader walks during afternoon trading at the Hong Kong Stock Exchange in Hong Kong, […]
Read more
SINGAPORE (Reuters) – The dollar extended a rebound on Monday, as sharp gains in U.S. yields and hopes for more stimulus to boost the world’s largest economy prompted some investors to temper bearish bets, pulling the currency further away from recent multi-year lows.FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, […]
Read more