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Finance

BBVA vows to stand by Sabadell’s small business customers

SANTANDER, Spain, June 17 (Reuters) – Spain’s BBVA sought on Monday to ease concerns about its 12.28 billion euro ($13.15 billion) bid for smaller rival Sabadell by saying it would continue Sabadell’s lending arrangements with its small and medium-sized business […]

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June 18, 2024
States sue US to block rule that oil firms guarantee payment to dismantle old wells

HOUSTON, June 17 (Reuters) – Texas, Louisiana and Mississippi on Monday sued the U.S. government to block the Biden administration’s proposed rule that would require the offshore oil and gas industry to provide nearly $7 billion in financial assurances to […]

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June 18, 2024
Chinese investors’ rush for offshore assets spurs Hong Kong wealth inflows

HONG KONG, June 17 (Reuters) – Hong Kong investment products such as insurance and high-yield time deposits are seeing resurgent demand from wealthy Chinese who are aiming to shield returns from a domestic economic and property sector downturn and also […]

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June 18, 2024
Russia financial system shaken after U.S. imposes new sanctions

A tough new raft of U.S. sanctions sent jitters rippling through the Russian financial system Thursday and forced Moscow’s main financial trading platform to halt dollar and euro transactions, further raising the cost of President Vladimir Putin’s war against Ukraine. […]

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June 18, 2024
Microsoft to invest $7.16 bln in new data centres in northeastern Spain

MADRID, June 14 (Reuters) – Microsoft (MSFT.O), opens new tab plans to invest 6.69 billion euros ($7.16 billion) to develop new data centres in Spain’s northeastern region of Aragon, which is becoming a major cloud computing hub within Europe. Aragon’s regional government […]

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June 14, 2024
Climate change: Budget, stakeholder engagement are ‘main challenges for Hong Kong firms’

The availability of financial support and engagement with stakeholders are the top decarbonisation challenges faced by Hong Kong firms even as they report substantial reductions in harmful emissions, according to signatories to the Business Environment Council’s net-zero carbon charter. The main barriers […]

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June 14, 2024
French banks BNP Paribas and BPCE in payments sector tie-up

PARIS, June 13 (Reuters) – BNP Paribas (BNPP.PA), opens new tab, the euro zone’s biggest lender, and French rival BPCE plan to form a joint venture in the payments sector, the two companies said on Thursday. They will compete against Nexi (NEXII.MI), […]

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June 14, 2024
French markets caught in a storm as bonds, bank stocks hit

LONDON, June 14 (Reuters) – French markets endured another brutal sell-off on Friday, as political uncertainty unleashed the biggest weekly jump in the premium investors demand to hold French government debt since 2011 and bank stocks tumbled. France’s Finance Minister Bruno Le […]

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June 14, 2024
UK’s Sunak to announce about $310 mln Ukraine aid in G7 summit

une 12 (Reuters) – British Prime Minister Rishi Sunak will announce up to 242 million pounds ($309.69 million) in bilateral assistance to Ukraine in the G7 summit, his office said on Wednesday, to support immediate humanitarian, energy and stabilisation needs […]

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June 14, 2024
Britain’s Lloyds Bank consolidates London offices

LONDON, June 13 (Reuters) – Lloyds Banking Group (LLOY.L), opens new tab will leave one of its London office sites as part of a consolidation into three remaining premises, the British bank said on Thursday. Lloyds will leave its building at 125 […]

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June 13, 2024
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