BATAYSK, Russia (Reuters) – The sound of old Soviet war songs mixed with the sobbing of relatives in the small Russian town of Bataysk as freshly mobilised reservists in Russia’s southern Rostov region said goodbye to their families on Monday. Recruits…
Chip designer Arm appoints Jason Child as CFO
(Reuters) – Britain’s Arm Ltd said on Monday it has appointed Jason Child as its new chief financial officer (CFO). Child, who stepped down as the CFO of Splunk Inc on the same day, will join the company on Nov. 2 this year, the chip designer said. Chi…
Depositions of Musk, Twitter’s Agrawal have been postponed -sources
WILMINGTON, Del. (Reuters) – Monday’s depositions of Elon Musk and Twitter Inc’s Chief Executive Officer Parag Agrawal have been postponed and it was unclear when the interviews under oath would take place, sources familiar with the litigation told Reu…
Analysis-Crowd of dollar bulls raises risk of violent pullback
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Some investors are growing concerned the dollar’s meteoric rise is setting the stage for a rapid reversal, which would bruise those who have sought refuge in the U.S. currency in recent months. Soaring U.S. int…
BP halts oil production at two platforms ahead of Hurricane Ian
HOUSTON (Reuters) – BP PLC said on Monday it has shut in production at offshore oil platforms Na Kika and Thunder Horse in U.S. Gulf of Mexico, after forecasts indicating hurricane Ian will strengthen and move across the Gulf of Mexico in the next few …
Swastika-wearing ex-pupil kills 15 in Russian school shooting
MOSCOW (Reuters) -A gunman with a swastika on his teeshirt killed 15 people, including 11 children, and wounded 24 at a school in Russia on Monday before committing suicide, investigators said. The attacker, a man in his early thirties who was named by…
Hedge funds mounted bearish UK bets as Truss became PM
By Nell Mackenzie LONDON (Reuters) – In the first half of September bets against sterling posted the biggest two-week rise since 2013, a sign that hedge funds may have ramped up short positions just as Liz Truss became Britain’s new Prime Minister. Acc…
BlackRock moves to underweight UK gilts
(Reuters) – BlackRock on Monday said it was cutting its UK gilt portfolio allocation to underweight as the rout in British government bonds since Finance Minister Kwasi Kwarteng’s fiscal statement continued unabated. “The Bank of England will need to h…
A tale of two cities as Londoners mourn, tourists cheer pound’s slide
By Muvija M and Aiden Nulty LONDON (Reuters) – As a drizzle fell over a grey autumnal London, and the pound plummeted on traders’ screens, U.S. tourist Heather Davidson saw one gleaming bright spot on her horizon – the chance of ever cheaper treats in …
Russia’s settlement depository demands EU sanctions be recognised as unlawful
MOSCOW (Reuters) – Russia’s National Settlement Depository has demanded that the European Union recognise sanctions imposed on it as illegal and pay for any legal costs incurred, a filing on the EU’s Official Journal dated on Monday showed. Owned by Mo…