Category Archives:
CME explores nickel contract after LME trade chaos -sources
By Pratima Desai LONDON (Reuters) - CME Group is talking to market participants about the idea of a cash-settled nickel contract for companies to hedge costs of the electric vehicle battery raw materi...
May 06, 2022
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
MILAN (Reuters) - An appeals court on Friday acquitted all 13 defendants, as well as Deutsche Bank and Nomura, over derivative deals that prosecutors alleged helped Monte dei Paschi di Siena hide loss...
May 06, 2022
U.S. DOJ says two mayors in Puerto Rico arrested and charged with taking bribes
By Kanishka Singh WASHINGTON (Reuters) - The mayors of two municipalities in Puerto Rico were arrested on public corruption charges, the U.S. Justice Department said on Friday, confirming an earlier m...
May 06, 2022
Jefferies says CEO Handler’s Instagram account hacked
(Reuters) - Investment bank Jefferies Financial Group Inc said on Friday the Instagram account of its Chief Executive Officer Rich Handler had been hacked. "Any stories related to discounted sales of ...
May 06, 2022
McColl’s sinks into administration after Morrisons deal snubbed
By James Davey and Pushkala Aripaka (Reuters) -Struggling British convenience store chain McColl's collapsed into administration on Friday, putting 16,000 jobs at risk after its lenders rejected a res...
May 06, 2022
No place to hide: Dollar’s surge cuts across markets
By Saikat Chatterjee and Sujata Rao LONDON (Reuters) - "Our currency, your problem," were the words of a former U.S. Treasury secretary in 1971 to other finance ministers aghast at the dollar's surge....
May 06, 2022
Musk, Twitter are sued by shareholder over $44 billion takeover
(Reuters) - Elon Musk and Twitter Inc were sued on Friday by a Florida pension fund seeking to stop Musk from quickly completing his planned $44 billion takeover of the social media company. In a comp...
May 06, 2022
Taiwan adds Belarus to export control list due to Ukraine war
TAIPEI (Reuters) - Taiwan's government imposed controls on exports of technology to Belarus on Friday, saying Minsk was directly involved in Russia's invasion of Ukraine. The restrictions - which the ...
May 06, 2022
China central bank to launch relending facility to aid transport, logistics
BEIJING (Reuters) - China's central bank said on Friday it launch a 100 billion yuan ($15 billion) relending facility to support the transport, logistics and storage sectors which have been hit hard b...
May 06, 2022
Chinese autos group estimates sales skidded 48% lower in April
SHANGHAI (Reuters) -China's auto association estimates that sales in April dropped 48% year-on-year, as zero COVID-19 policies shut factories, limited traffic to showrooms and put the brakes on spendi...
May 06, 2022
Peoria, IL, USA
42 °F Overcast
