Spain's Santander Hires Credit Suisse, Goldman To Look At Citibanamex Bid - Sources
Spain's Santander has hired Credit Suisse and Goldman Sachs to look at a potential bid for Citibanamex, Citigroup's retail bank in Mexico, two sources familiar with the process said on Tuesday without providing further details.
Michelin, Nokian First Tyre Companies To Quit Russia
Michelin plans to hand over its Russian activities to a new entity under local management by the end of the year and rival Nokian Tyres said it would quit the country, the first Western tyre makers to give up doing business in Russia.
Michelin To Hand Over Russian Operations To Local Management
Michelin plans to hand over its Russian activities to a new entity under local management by the end of the year, it said on Tuesday, becoming the first Western tyre maker to give up doing business in Russia.
Climate Change Is Driving 2022 Extreme Heat And Flooding
Extreme weather events - from scorching heatwaves to unusually heavy downpours - have caused widespread upheaval across the globe this year, with thousands of people killed and millions more displaced.
G7 Agrees To Explore Cap On Russian Oil Price
The Group of Seven economic powers have agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain price, they said on Tuesday, aiming to deplete Moscow's war chest.
G7 Agrees To Explore Cap On Russian Oil Price - Communique
The Group of Seven economic powers have agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain price, they said on Tuesday.
G7 Agrees To Study Russian Energy Price Caps, Raise $5 Billion To Tackle Hunger
G7 leaders have agreed to study placing global price caps on imports of Russian energy to curb Moscow's ability to fund its invasion of Ukraine and to contribute up to $5 billion to address global food insecurity, officials said on Tuesday.
G7 Leaders Agree To Study Russian Energy Price Caps
G7 leaders have agreed to study placing price caps on imports of Russian oil and gas to try to limit Moscow's ability to fund its invasion of Ukraine, G7 officials said on Tuesday.
First Ever 'Africa Fashion' Exhibition Opens In London
First ever 'Africa Fashion' exhibition opens in London
Hedge Funds Turn Tail As Commodities Crumble On Recession Rumble: McGeever
Buy and hold, maximum long.That has basically been the strategy for commodity hedge funds for the last couple of years, but it is fast losing its luster.
Norway Could Allow Airline SAS To Convert Debt To Equity
Norway will support a plan by airline SAS to convert debt into equity under certain conditions but does not plan to remain a long-term stakeholder, Industry Minister Jan Christian Vestre said on Tuesday.
Indonesia Bar Chain Shut After Blasphemy Charges Over Drinks Promotion
Indonesian authorities stripped a bar and restaurant chain in the capital, Jakarta, of its operating permit after police charged six employees with blasphemy over a promotion offering free drinks for people named Mohammad or Maria.
Boost For Luxury London Property Prices As Russians Locked In
The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in Britain, adding to a shortage of supply that has helped drive up house prices in prime locations, real estate sources say.
Analysis: Private Equity's Swoop On Listed European Firms Runs Into Rising Execution Risks
European listed companies have not been this cheap for more than a decade, yet for private equity firms looking to put their cash piles to work, costlier financing and stronger resistance from businesses are complicating dealmaking.
Philippines Supreme Court Rejects Last Bid To Thwart Incoming President Marcos
The Philippines Supreme Court on Tuesday rejected a final bid to disqualify President-elect Ferdinand Marcos from last month's election, clearing the way for his inauguration later this week and the return to rule of the country's most famous dynasty.
Sri Lanka Rushes To Find Fuel As Shortages Hit Schools, Workers
A Sri Lankan government minister was in Qatar on Tuesday and another will travel to Russia at the weekend in search of energy deals to alleviate a severe fuel shortage that is crippling the economy of the island nation and forcing many schools to close.
Cash-starved Sri Lanka To End Fuel Duopoly To Ease Shortages
Sri Lanka will allow companies from oil-producing countries to import and sell fuel, the power and energy minister said on Tuesday, ending a duopoly as it tries to overcome a shortage of petrol and diesel that is exacerbating an economic crisis.
Cash-starved Sri Lanka To End Fuel Duopoly To Ease Fuel Shortages
Sri Lanka will allow companies from oil-producing countries to import and sell fuel, the power and energy minister said on Tuesday, ending a duopoly as it tries to overcome a shortage of petrol and diesel that is exacerbating an economic crisis.
Credit Suisse Tempers Growth Plans In Turbulent Market
Credit Suisse may "temper" some of its key growth initiatives in wealth management as it focuses efforts on a risk turnaround and bolstering technology, executives said in their first update to investors since a new strategy was set out.
ECB To Drain Cash In Offset To New Yield-capping Scheme -sources
The European Central Bank will likely drain cash from the banking system to offset any bond purchases made to cap borrowing costs for indebted euro zone states, two sources told Reuters.
Northern Ireland Post-Brexit 'Protocol' Hurting Some, A Boon For Others
Irwin Armstrong, a former chair of Boris Johnson's Conservative Party in Northern Ireland, has a simple message for the British Prime Minister when it comes to the province's unique post-Brexit trade rules: Don't ruin a good thing.
Hong Kong Regulator Sharpening Scrutiny Of Derivatives After Archegos Saga
Hong Kong's financial watchdog is tightening oversight on derivatives markets after the collapse of Archegos Capital Management, a senior official at the city's Securities and Futures Commission (SFC) said on Tuesday.
A Promise Kept Or Betrayal? Hong Kong 25 Years On From Handover
A promise kept or betrayal? Hong Kong 25 years on from handover
Spot Australian Thermal Coal Has Surged, But Contract Price Is Key: Russell
The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market for the polluting fuel has been upended by Russia's invasion of Ukraine.
IMF Delivers Targets To Pakistan In Step Toward Restoring Bailout
Pakistan said on Tuesday that it has received economic and financial targets from the International Monetary Fund (IMF) that once agreed and ratified should pave the way for multilateral lender to unlock a suspended bailout programme.
EU Countries Splinter In Hunt For Deal On New Climate Laws
European Union countries struggled to agree on new legislation to help combat climate change on Tuesday, with disagreements over how tough the laws would be and how to help poorer citizens shift away from fossil fuels.
Fight Over Funding Threatens EU Deal On New Climate Laws
A dispute over how to shield poorer citizens from European Union policies to put a price on pollution is threatening to prevent the bloc's countries from agreeing a raft of new green measures.
US Opens Probe After 51 Migrants Die In Sweltering Trailer
US opens probe after 51 migrants die in sweltering trailer
Tokyo June Heatwave Worst Since 1875 As Power Supply Creaks Under Strain
Japan baked under scorching temperatures for a fourth successive day on Tuesday, as the capital's heat broke nearly 150-year-old records for June and authorities warned power supply remained tight enough to raise the spectre of cuts.
Former Nazi Camp Guard, 101, Faces German Court Verdict
Former Nazi camp guard, 101, faces German court verdict