Investing

SocGen quits Russia with sale of Rosbank to oligarch Potanin

French bank Societe Generale said on Monday it would quit Russia with a deal to sell its stake in Rosbank…

4 years ago

Rouble falls sharply as Russia relaxes some capital controls

The Russian rouble weakened sharply in jittery trade on Monday, reversing some of the previous week's gains, after the central…

4 years ago

EXCLUSIVE Trafigura set to take zinc out of LME system, fuelling concern -sources

Commodity trader Trafigura and other firms are moving to take large amounts of zinc out of London Metal Exchange approved…

4 years ago

Analysis: Samsung’s reputation hit as prices slashed at home for new premium phone

Samsung Electronics' (005930.KS) flagship Galaxy S22 smartphone has taken a battering from reports of hobbled performance and has seen carriers halve its…

4 years ago

Crypto and gaming collide in high-risk ‘play-to-earn’ economies

Jarindr Thitadilaka says he made as much as $2,000 a month last year from his collection of digital pets, which…

4 years ago

Roblox founder’s pay jumps to $233 million on long-term stock awards

Gaming platform Roblox Corp's (RBLX.N) founder and chief executive officer David Baszucki's compensation package for 2021 totaled $232.8 million, compared with just…

4 years ago

Sanctioned Russian bank VTB pays FX bond coupons in roubles

Sanctioned Russian lender VTB (VTBR.MM) made coupon payouts in roubles to holders of its subordinated bonds denominated in U.S. dollars and euros,…

4 years ago

Global bond sales to cross $10 trillion in 2022, S&P Global Ratings says

Global sovereign borrowing will reach $10.4 trillion in 2022, nearly a third above the average before the coronavirus pandemic, S&P…

4 years ago

JPMorgan’s Dimon warns of possible $1 billion Russia loss

JPMorgan (JPM.N) could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon said on Monday, detailing the extent of…

4 years ago

U.S. stops Russian bond payments, raising pressure on Moscow

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million…

4 years ago