LONDON (Reuters) – A top investor in Barclays has launched the sale of a more-than 3% stake in the bank, the same day that the lender revealed a product sale blunder costing it an estimated 450 million pounds ($588.96 million). The institutional seller…
Russian internet firm VK appoints advisers for $400 million bonds
(Reuters) – Russian internet group VK on Monday appointed financial advisers for proposals to be made to holders of its $400 million bonds who seek to demand their redemption rights, just weeks after flagging issues with servicing its debt. The London-…
UK to strengthen economic pressure on Russia, PM Johnson tells Zelenskiy
LONDON (Reuters) – Britain will strengthen economic pressure on Russia, Prime Minister Boris Johnson told Ukrainian President Volodymyr Zelenskiy in a call ahead of peace talks over Russia’s invasion of Ukraine. “President Zelenskiy provided an update …
Intelligence suggests ‘environmental’ factor sickened Abramovich, Ukrainian negotiators – U.S. official
WASHINGTON (Reuters) – A U.S. official said on Monday that intelligence suggests the sickening of Russian billionaire Roman Abramovich and Ukrainian peace negotiators was due to an environmental factor, not poisoning. Citing people familiar with the ma…
Tesla to seek shareholder approval for stock split; shares surge
By Nivedita Balu and Akash Sriram (Reuters) – Tesla Inc will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up about 5%. The plan came…
Russia to study video of alleged mistreatment of prisoners, Kyiv questions veracity
(Reuters) – The Kremlin said on Monday that Russian investigators would look into a video circulated on social media that purported to show Ukrainian forces mistreating captured Russian soldiers. Kremlin spokesperson Dmitry Peskov said the video contai…
Moscow Exchange to extend trading options for foreign stocks on Tuesday
(Reuters) – Moscow Exchange will resume trading foreign stocks on the main trading session for the first time since late February, and will extend the trading time for corporate bonds on Tuesday, the central bank said on Monday. The Russian market is g…
BlackRock favors U.S., Japanese equities vs European
(Reuters) – BlackRock said on Monday in a market strategy research note that it now favors U.S. and Japanese equities over European stocks due to energy shock related to Russia’s invasion of Ukraine. “Russia’s invasion of Ukraine has taken a horrible h…
EU launches first WTO challenge against Britain over green subsidies
BRUSSELS (Reuters) – The European Union has launched its first ever challenge against Britain at the World Trade Organization over its former member’s green subsidy scheme. The European Commission, which oversees trade policy for the EU’s 27 members, s…
Germany speaks out against COVID-19 vaccine patent waiver
By Reuters Staff BERLIN (Reuters) – German Chancellor Olaf Scholz said on Monday he did not agree with a planned intellectual property waiver for COVID-19 vaccines as patents are a crucial way of encouraging companies to continue pushing ahead with new…