FRANKFURT (Reuters) – The euro held its ground as the world’s second most-used currency for trade, finance and reserve-building last year even as Russia slashed its reliance on it after be[...]
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Europe
Singapore central bank fines DBS, Citibank, OCBC, Swiss Life over breaches
By Chen Lin and Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s central bank on Wednesday said it had imposed fines collectively worth S$3.8 million ($2.83 million) on lenders Citibank, DBS and[...]
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Analysis-Record plane orders raise the stakes in India’s aviation boom
(Adds graphic) By Aditi Shah and Tim Hepher NEW DELHI/PARIS (Reuters) – Record plane orders by India’s top two carriers show the country’s untapped potential for air travel and its r[...]
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UBS to start Credit Suisse Asia investment banking job cuts in July -sources
By Kane Wu and Selena Li HONG KONG (Reuters) – UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move[...]
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Strong relations between BMW and China a ‘win-win’ -CEO
(Reuters) – BMW’s strong ties with China are a “win-win” as the car industry shifts towards greener, more connected vehicles, said CEO Oliver Zipse after Chinese Premier Li Qia[...]
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Marketmind: Powell patter, UK shock, FedEx warning
A look at the day ahead in U.S. and global markets from Mike Dolan The Fed chair has a tricky message to communicate. Jerome Powell’s testimony to Congress later on Wednesday will flesh out how[...]
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Jeffrey Epstein got $300 million in US Virgin Islands tax incentives, JPMorgan says
By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase said the U.S. Virgin Islands gave Jeffrey Epstein more than $300 million in tax incentives and waived sex offender monitoring requirements, shiel[...]
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Thyssenkrupp should consider industrial players in sale of defense division – IG Metall
By Tom Käckenhoff DUESSELDORF (Reuters) – Thyssenkrupp should explore a sale of its warship division to peers, in addition to private equity players and a potential stock market listing, accordi[...]
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Air France-KLM maintenance arm aims for pre-COVID op profit in 2024
PARIS (Reuters) – Air France-KLM’s engineering and maintenance business is targeting a return to 2019 levels of operating profit in 2024, despite higher working capital, Anne Brachet, EVP[...]
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