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JPMorgan says it has resigned as depositary for Rosneft GDRs
(Reuters) - JPMorgan & Chase has resigned as a depositary of global depositary receipts (GDR) of Russia's largest oil producer Rosneft on May 13, the U.S. bank said on its website. Last month, JPMorga...
May 18, 2022
Microsoft announces changes after cloud computing complaints
By Foo Yun Chee BRUSSELS (Reuters) - Microsoft, which had been fined 1.6 billion euros ($1.7 billion) by EU antitrust regulators, will revise its licensing terms and allow cloud service providers to b...
May 18, 2022
Companies should be incentivised to make green investments – UK trade minister
LONDON (Reuters) - Companies need to be incentivised and pushed to make green investments, British trade minister Anne-Marie Trevelyan said on Wednesday. "We need to do all we can to both incentivise ...
May 18, 2022
Foreign selling in Asian bonds extends as U.S. yields surge
By Gaurav Dogra (Reuters) - Emerging Asia ex-China bonds witnessed foreign outflows for a second straight month in April, due to higher U.S. yields and concerns over strict coronavirus lockdowns in Ch...
May 18, 2022
Chinese depositors left in dark as three local banks freeze deposits
By Engen Tham SHANGHAI (Reuters) - Three banks in China's central Henan province have frozen at least $178 million of deposits, offering scant information on why or for how long, leaving firms unable ...
May 18, 2022
Tencent posts no growth in Q1 revenue, misses estimates
By Josh Ye HONG KONG (Reuters) - Chinese gaming and social media giant Tencent Holdings reported virtually no growth in first-quarterly revenue, its worst ever such performance, and also missed market...
May 18, 2022
JPMorgan backs Sri Lanka bonds on bets that crippling crisis to ease
LONDON (Reuters) - U.S. investment bank JPMorgan backed Sri Lanka's crisis-hit government bonds on Wednesday, saying recent political changes in the country should gradually improve its strains and he...
May 18, 2022
Analysis: Zombie unicorns – Indian startups go from feast to famine
By M. Sriram MUMBAI (Reuters) - The valuation of Meesho, the Indian e-commerce rival of retail giant Amazon, more than doubled last year to $5 billion, after marquee investors such as SoftBank and Fid...
May 18, 2022
London City Airport brings forward net zero target to 2030
By Kate Holton LONDON (Reuters) - London's City Airport has vowed to become net zero by 2030, accelerating an original goal of 2050 to get ahead of what it believes will be a move by large corporation...
May 18, 2022
Power Dot raises 150 million euros to speed up expansion in France
PARIS (Reuters) - Portuguese electric vehicle (EV) charging operator Power Dot has raised 150 million euros ($158.01 million) with private equity firm Antin Infrastructure Partners to triple its netwo...
May 18, 2022
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