By Sam Tobin LONDON (Reuters) – The former chief executive of an Austrian bank who faces charges in the United States in relation to a bribery and money laundering conspiracy involving Brazilian[...]
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Europe
EVs, full-size pickup trucks least reliable – Consumer Reports survey
(Reuters) – Electric vehicles (EVs) and full-size pickup trucks were the two most problematic categories in terms of reliability, Consumer Reports magazine’s annual reliability survey show[...]
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Oil falls as Druzhba pipeline reopens, China COVID worries stay at the fore
By Shariq Khan BENGALURU (Reuters) -Oil prices settled more than a dollar lower on Wednesday after Russian oil shipments via the Druzhba pipeline to Hungary restarted and as rising COVID-19 cases in C[...]
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Air France raises 300 million euros with convertible bond issue
By Silvia Aloisi PARIS (Reuters) -Air France-KLM on Wednesday raised just over 300 million euros ($312 million) by issuing subordinated bonds convertible into stock, seeking to strengthen its capital[...]
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Reason to be ‘cautiously optimistic’ on renewal of Ukraine grain deal -U.N. source
(Reuters) – A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of the Black Sea grains initiative, which is set to roll over on[...]
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Europe’s STOXX 600 drops 1% on Mercedes drag; Target outlook weighs on retailers
By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index snapped a four-day winning streak on Wednesday, led by losses in shares of Mercedes Benz Group, while a dour forecast from[...]
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Explainer-Britain’s insurers become test case for post-Brexit ‘unshackling’
By Huw Jones and Carolyn Cohn LONDON (Reuters) – The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness to[...]
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BoE’s Bailey: ‘very tight’ labour market key to rates outlook
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Wednesday that Britain’s very tight labour market was a key reason why further interest rate increases were likely.[...]
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Collapse of FTX should serve as reminder of risks of crypto assets, ECB’s De Cos says
MADRID (Reuters) – The collapse of crypto exchange platform FTX should serve as a reminder for clients of the risks crypto assets entail, European Central Bank policymaker Pablo Hernandez de Cos[...]
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