Reuters UK

FRANKFURT (Reuters) -An undisclosed investor is selling shares in Deutsche Bank and Commerzbank, a bookrunner said on Monday, stakes that amount to more than 5% in Germany’s top two lenders. The sale is for 116 million shares of Deutsche Bank and for 7…

By Nidhi Verma, Nupur Anand and Chris Thomas NEW DELHI/MUMBAI/BANGALORE (Reuters) – India’s HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner, and some suppliers are seeking p…

By Kate Abnett and Alex Lawler BRUSSELS/LONDON (Reuters) -OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and s…

LONDON (Reuters) -The EMEA Credit Derivatives Determinations Committee (CDDC) has been asked on Monday whether a potential failure to pay occurred on Russia’s hard-currency bonds, possibly bringing payout on billions of dollars in default insurance a s…

By Devik Jain and Sruthi Shankar (Reuters) -British stocks ended lower on Monday as data showed the economy slowed more than expected in February, intensifying worries about a cost-of-living squeeze. Gross domestic product rose by 0.1% in February, mis…

LONDON (Reuters) – Northwest European jet fuel barge premiums to ICE low-sulphur gasoil futures rose to record high of $153/bbl, according to Reuters assessments on Monday. The strength is comes on the back of strengthening demand from the aviation ind…

By Huw Jones LONDON (Reuters) – Britain’s auditing regulator will propose as soon as later this week to strengthen its ability to punish poorly performing auditors of publicly listed companies, a person familiar with the matter said on Monday. The Fina…

LONDON (Reuters) – From samurai armour to a folding screen depicting Mount Fuji, dozens of Japanese artifacts from the British royal collection go on public display in a new exhibition at the Queen’s Gallery near Buckingham Palace. “Japan: Courts and C…

By Abinaya V and Nivedita Balu (Reuters) -Tesla Inc Chief Executive Elon Musk disclosed on Monday he had abandoned a plan to join Twitter Inc’s board just as his tenure was about to start, the latest move by the world’s richest man that defied corporat…

LUXEMBOURG (Reuters) -The European Union’s executive is drafting proposals for an EU oil embargo on Russia, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there was no agreement to ban Russian crude. Many of th…