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Shareholder group ISS backs Barclays board over former CEO Staley

Shareholder group ISS backs Barclays board over former CEO Staley

Separately, ISS also said there may be “some scope” for further cuts to executive bonuses following a massive regulatory breach which led..

Explainer-Oil price surge changes ECB narrative only at the margins

Explainer-Oil price surge changes ECB narrative only at the margins

FRANKFURT (Reuters) – An oil production target cut announced by some of the world’s top exporters is bad news for the Euro..

Mitsubishi UFJ to postpone AT1 bond issuance in Credit Suisse fallout

Mitsubishi UFJ to postpone AT1 bond issuance in Credit Suisse fallout

TOKYO (Reuters) – Mitsubishi UFJ Financial Group Inc <8306.T> has postponed the issuance of Additional Tier-1 (AT1) debt, ..

Global factory activity weakens as demand falters

Global factory activity weakens as demand falters

By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) – Global factory activity weakened in March as consumers feeling the p..

Philips expects to reach recall settlements this year

Philips expects to reach recall settlements this year

AMSTERDAM (Reuters) – Dutch health technology company Philips expects to reach settlements this year relating to its global reca..

Polish e-commerce firm Allegro eyes higher Q1 profit

Polish e-commerce firm Allegro eyes higher Q1 profit

By Anna Pruchnicka (Reuters) -Poland’s biggest e-commerce platform Allegro said on Thursday it expects core earnings to rise in ..

Banking turmoil means recession fears are creeping back

Banking turmoil means recession fears are creeping back

(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue,..

Explainer-What are credit default swaps and why are they causing trouble for Europe&#8217;s banks?

Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?

By Amanda Cooper LONDON (Reuters) – Turbulence in Europe’s banks following the implosion of 167-year-old Credit Suisse and..

Lloyd&#8217;s of London swings to 2022 pre-tax loss

Lloyd’s of London swings to 2022 pre-tax loss

FRANKFURT (Reuters) – Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investment..

India resists calls for more air access in drive to be global aviation force

India resists calls for more air access in drive to be global aviation force

By Aditi Shah and Tim Hepher NEW DELHI (Reuters) -India dampened foreign airline hopes for more access to its airports on Tuesday, wit..