Russia could buy yuan, rupees and Turkish lira for rainy day fund, central bank says

National flag flies over the headquarters of the Russian Central Bank in Moscow, Russia, May 27, 2022. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine MOSCOW, Aug. 12 (Reuters) – Russia is considering buying the … Read more

Oil falls amid recession fears, slow recovery of imports from China

FILE PHOTO – An oilfield worker works on a pump jack at PetroChina’s Daqing oil field in northeast Heilongjiang province, Nov. 5, 2007. REUTERS/Stringer (CHINA) Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Aug. 8 (Reuters) – Oil prices fell on Monday and remained near their multi-month low as recession fears hurt demand … Read more

Russia Bans Western Investors From Selling Banking And Key Energy Holdings

Russian President Vladimir Putin chairs a meeting on the development of the country’s metallurgical sector, via video link in the Kremlin in Moscow, Russia, Aug. 1, 2022. Sputnik/Pavel Byrkin/Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law limits coverage of Russian military operations … Read more

House prices in Australia fall, Sydney suffers worse month in 40 years

FILE PHOTO – Homes on display in Australia’s Clovelly suburb of Sydney, July 19, 2015. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register SYDNEY, Aug. 1 (Reuters) – Australian house prices fell for a third month in July, accelerating the pace as Sydney experienced its worst decline in nearly 40 years amid … Read more

Britain starts post-Brexit ‘transformation’ of finances

UK wants to preserve London’s financial position after Brexit Regulators focus on competitiveness, not just stability Capital rules for insurers are relaxed to stimulate investment Zahawi pauses plan for increased government oversight of regulators LONDON, July 19 (Reuters) – British financial regulators will have to promote the global competitiveness of the country’s financial sector, although … Read more

Wall St Week Ahead: Recession fears loom over US value stocks

A screen shows trading information for stocks on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 27, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 15 (Reuters) – Fears of a possible economic slowdown are clouding the outlook for value stocks, … Read more

Spain to temporarily tax banks, energy companies as inflation bites

Spanish Prime Minister Pedro Sanchez delivers a speech during the debate on the state of the nation in parliament in Madrid, Spain, July 12, 2022. REUTERS/Susana Vera Register now for FREE unlimited access to Reuters.com Register Utilities and banks hit by €7 billion in temporary taxes Caixabank, Sabadell close with 8.6% and 7.4% declines PM … Read more

Rogers network outage across Canada hits banks, businesses and consumers

General view of the Rogers Building, Rogers Communications Quarter in Toronto, Ontario, Canada Oct. 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register July 8 (Reuters) – Canada’s Rogers Communications Inc (RCIb.TO) said Friday it is working to resolve its network problems that have caused widespread disruptions affecting banks, police and … Read more

Bank of England tells lenders to brace for economic storm

By Andy Bruce and Huw Jones LONDON, July 5 (Reuters) – The Bank of England warned on Tuesday that the economic prospects for Britain and the world had darkened, telling banks to ramp up capital buffers to ensure they can weather the storm. “The economic outlook for the UK and globally has deteriorated significantly,” the … Read more

Nervous staff, not bankers: Western companies struggle to leave Russia

HELSINKI, July 4 (Reuters) – For foreign companies still figuring out what to do with their stranded Russian assets, President Vladimir Putin’s seizure of a major oil and gas project is a strong warning: go fast or else . Companies are grappling with how to leave in ways that limit financial impact, don’t endanger employees … Read more