(Removes extraneous word in lede) BRUSSELS (Reuters) – French President Emmanuel Macron said on Thursday it was important that Britain found “stability as soon as possible”, as he commented on the resignation of British Prime Minister Liz Truss. “We wa…
Bank of England fines Amlin $11 million for risk management failings
LONDON (Reuters) -The Bank of England said on Thursday it has fined insurer MS Amlin Underwriting Ltd 9.695 million pounds ($10.84 million) for failings in its governance, controls and risk management which spanned five years. The BoE’s regulatory arm,…
Ukraine’s Burshtyn power plant seriously damaged – regional governor
KYIV (Reuters) – A Russian air strike that hit a major thermal power station in the city of Burshtyn in western Ukraine on Wednesday has caused “quite serious” damage, the region’s governor said on Thursday. “Unfortunately there is destruction, and it …
Yara to pay extra dividend as Q3 earnings beat forecast
OSLO (Reuters) -Norwegian fertiliser maker Yara on Thursday proposed to pay an extra dividend to shareholders as third quarter core earnings topped forecasts. July-September earnings before interest, tax, depreciation and amortisation (EBITDA), excludi…
Wall St ends red, Treasury yields climb on dour guidance and looming recession fears
By Stephen Culp NEW YORK (Reuters) – Wall Street closed lower on Wednesday, marking the end of a multi-session rally, and Treasury yields spiked as gloomy data and downbeat corporate outlooks tossed cold water on investor risk appetite. All three major…
Energy crunch pits Germany against frustrated EU leaders seeking gas cap
By Kate Abnett and John Chalmers BRUSSELS (Reuters) -Several countries aired frustration on Thursday with Germany’s refusal to cap gas prices as European Union leaders looked set to end yet another debate on the bloc’s response to the energy crunch wit…
Credit Suisse currency rigging claims go before U.S. jury
By Jody Godoy (Reuters) -A U.S. jury began deliberating on Wednesday at a civil trial where Credit Suisse Group AG stands accused of conspiring with the world’s largest banks to rig prices in the foreign exchange market between 2007 and 2013. Credit Su…
Russian lawmaker urges WhatsApp ban for state employees
By Alexander Marrow MOSCOW (Reuters) – A Russian lawmaker on Wednesday urged state institutions to stop using WhatsApp messenger and the industry ministry sought to promote domestically produced software as Russia tries to wean itself off Western techn…
IBM expects to exceed annual revenue target on resilient cloud momentum
By Chavi Mehta (Reuters) -IBM Corp beat quarterly revenue estimates on Wednesday and said it expects to exceed full-year revenue growth targets as robust demand for its digital services helps cushion the blow from a strong dollar. The IT software and s…
UK interior minister quits with criticism of Truss as lawmakers row
By Elizabeth Piper, Andrew MacAskill and Kylie MacLellan LONDON (Reuters) – Britain’s interior minister quit on Wednesday with a broadside at Liz Truss before her lawmakers openly quarrelled in parliament, underscoring the erosion of the prime minister…