By Huw Jones LONDON (Reuters) – Smaller stock exchanges in the European Union should be exempt from having to supply market prices to a real-time record of transactions for investors, a senior EU lawmaker has proposed. An EU draft law is mandating “con…
Russian central bank governor speaks after cutting interest rates
(Reuters) -Bank of Russia Governor Elvira Nabiullina gave a news conference after the central bank cut its key interest rate by 1.5 percentage points to 8% on Friday. Nabiullina spoke in Russian. The quotes below were translated by Reuters. CURRENCY PO…
French police: Technical incident under Channel Tunnel affected Dover operations
PARIS (Reuters) – The local French police body handling the northern France area around the Channel Tunnel said on Friday that problems with traffic coming over from Dover had been caused by an “unexpected technical incident” under the Channel Tunnel. …
Ireland’s AIB drops plans to make many branches cashless
DUBLIN (Reuters) – Allied Irish Banks on Friday shelved plans to drop cash services in 70 of its 170 branches after a major political backlash against the decision over its likely impact on small businesses and rural communities. The bank, which is 63%…
Germany hands $15 billion bailout to Uniper after Russian gas hit
By Christoph Steitz, Essi Lehto and Holger Hansen FRANKFURT/HELSINKI/BERLIN (Reuters) -The German government stepped in to rescue Uniper with a 15 billion euro ($15.28 billion) bailout on Friday after the gas importer became the biggest casualty of Eur…
Santander drops out of Citibanamex sale process
By Jesús Aguado and Inti Landauro MADRID (Reuters) -Santander has dropped out of the process to buy Citigroup’s Mexican retail bank after having previously submitted a non-binding offer earlier this year. The euro zone’s second-biggest bank by market v…
Alpha Bank to sell bad loan portfolio to Hoist Finance
ATHENS (Reuters) – Alpha Bank, one of Greece’s four largest lenders, said on Friday it signed a binding agreement to sell a 400 million euro ($407 million) portfolio of unsecured bad loans to Hoist Finance AB for 34 million euros. The transaction, name…
ECB’s new tool fails to impress as Italy confronts political paralysis
(Refiles to add updated chart, no changes to text) By Yoruk Bahceli and Dhara Ranasinghe AMSTERDAM/LONDON (Reuters) -A new European Central Bank tool to shield indebted states from soaring borrowing costs failed to impress investors on Thursday, with m…
Flow Traders sees 25% growth in fixed operating expenses this year
(Reuters) – Dutch trading services provider Flow Traders said on Friday it expected fixed operating expenses to grow about 25% this year, as its total compensation mix shifts towards higher levels of base compensation and a strengthening U.S. dollar. T…
Danske Bank axes dividends again over Estonia case
COPENHAGEN (Reuters) – Danske Bank will not pay 2021 dividends tied to second quarter results as it is still in discussions with Danish and U.S. authorities over involvement in a money laundering scandal in Estonia, the bank said on Friday. “The board …