Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
Four years after spending 5.4 billion euros ($6.3 billion) to rescue it, Rome is in talks to sell Monte dei Paschi (BMPS.MI) to UniCredit (CRDI.MI) and cut its 64% stake in the Tuscan bank.
Otkritie Bank becomes the winner of the international World Economic Magazine Awards financial award
Otkritie Bank won in three nominations at the World Economic Magazine Awards, which is annually awarded by one of the most famous international publications in the financial sector, World Economic Magazine Inc. Mikhail Zadornov, President and Chairman of the Board of the Bank was recognized as the best banking CEO in Russia. Otkritie Bank also […]
Dubai Expo in focus as UAE racks up $700 mln of trade with Israel since normalisation
Israel and the United Arab Emirates, which normalised relations a year ago, are looking to Dubai’s Expo world fair in October to boost bilateral trade, which now stands at around $712 million.
OPEC+ supply boost unlikely despite call from U.S. for more oil, says Goldman
U.S. investment bank Goldman Sachs said a recent call by the United States to OPEC+ to boost oil output is unlikely to result in higher production over the short-term given the threat to demand from the coronavirus Delta variant.
Disney bullish on parks despite Delta; investors cheer streaming growth
Walt Disney Co (DIS.N) earnings on Thursday topped Wall Street forecasts for the most recent quarter as its streaming services picked up more customers than expected and pandemic-hit U.S. theme parks returned to profitability.
Exclusive: Apple’s child protection features spark concern within its own ranks -sources
A backlash over Apple’s move to scan U.S. customer phones and computers for child sex abuse images has grown to include employees speaking out internally, a notable turn in a company famed for its secretive culture, as well as provoking intensified protests from leading technology policy groups.
Kansas City Southern may delay Canadian National deal vote
Kansas City Southern (KSU.N) said on Thursday it has turned down a $27 billion bid from Canadian Pacific Railway (CP.TO) and will delay a shareholder vote on a $29 billion deal to sell itself to Canadian National Railway Co (CNR.TO) if the rail regulator does not rule on the deal in the next five days.
Airbnb warns of Delta impact on bookings, shares fall over 4%
Airbnb Inc (ABNB.O) said on Thursday its current-quarter bookings could be hit by the Delta variant of the coronavirus and a slowing pace of vaccination in the United States, sending its shares down more than 4%.
Oil dips as Delta variant weighs on demand forecasts
The Brent benchmark oil price fell for a second day on Friday, albeit holding above $70 a barrel, after the International Energy Agency warned that demand growth for crude is slowing sharply owing to the spread of coronavirus variants.
Dollar holds firm near 4-month high on Fed tapering bets
The dollar held firm on Friday, staying near its highest level in four months against a basket of currencies as investors looked for more hints from the Federal Reserve on its plans to reduce monetary stimulus.
