UK reviews core banking rules as it seeks to bolster the City post-Brexit April 20, 2021 An independent review has been launched into capital and proprietary trading rules that were introduced following the global financial crisis more than a decade ago, as the government seeks to bolster the City of London’s global competitiveness after Brexit. The UK requires banks to “ring-fence” the retail arms of their operations to shield them from [...]
Iran says Natanz nuclear site hit by terrorism April 12, 2021 An incident at Iran’s Natanz nuclear facility yesterday was caused by an act of “nuclear terrorism”, the country’s nuclear chief Ali Akbar Salehi said, according to state TV, adding that Tehran reserves the right to take action against the perpetrators. Israel’s Kan public radio cited intelligence sources, whose nationality it did not disclose, as saying [...]
BlackRock and Mustier’s blank cheque firm eye Credit Suisse fund management arm April 9, 2021 BlackRock and Jean-Pierre Mustier’s blank-check firm are among investors expressing interest in Credit Suisse’s asset management arm, three sources told Reuters, as the Swiss lender explores options for the unit after a run of costly scandals. U.S. investment firm State Street Corp is also eyeing a rival bid for all or part of the Swiss [...]
Facebook has no plans to let 530m users know they were impacted by data breach April 7, 2021 Facebook has no plans to let 530m users know they were impacted by data breach
France, Brussels have agreed on Air France-KLM refinancing – minister April 4, 2021 The French government has reached the outline of a deal with the European Commission on a state-backed refinancing package to help strengthen Air France-KLM’s balance sheet, Finance Minister Bruno Le Maire said on Sunday. Le Maire, speaking on LCI TV, declined to comment on the amount involved. The airline group, which last year received 10.4 [...]
Dollar on track for third weekly gain after strong U.S. payrolls data April 2, 2021 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose on Friday in thin trading, on pace for its third weekly gain, after data showed the world’s largest economy created more jobs than expected in March, suggesting it is on a steady path to recovery from the global pandemic. Financial markets are closed in Australia, [...]
Russia’s Sputnik news agency halts operations in Britain April 2, 2021 Russian news agency Sputnik will halt operations in Britain and move its English language service to Moscow and Washington, the media group that launched it in 2014 said on Friday, at a time when Russian-British relations have hit a low point. Rossiya Segodnya said the move was part of a plan to reorganize its international [...]
Robinhood, at the heart of retail trading frenzy, files for own IPO March 23, 2021 By Anirban Sen (Reuters) -Robinhood Markets Inc, the online brokerage at the heart of the historic retail trading frenzy that gripped Wall Street this year, has confidentially submitted plans to regulators for a U.S. initial public offering, the company disclosed on Tuesday. The number of shares to be offered and the price range have not [...]
Jack Dorsey’s first-ever tweet sells for $2.9m as a non-fungible token March 22, 2021 Twitter boss Jack Dorsey sold his first tweet as an NFT for just over $2.9m earlier today. The tweet is in the form of a non-fungible token (NFT) – a kind of unique digital asset that has exploded in popularity so far in 2021. Each NFT has its own blockchain-based digital signature, which serves as [...]
Apple spending from ‘green bonds’ hits $2.8bn March 17, 2021 Apple said this morning the tech giant allotted $2.8bn raised from ‘green bonds” funded 17 projects last year, which will generate 1.2 gigawatts of renewable energy. It said the projects will avoid an average of 921,000 metric tons of carbon emissions each year, which it said is equal to removing nearly 200,000 cars from the [...]
