Exclusive: China quietly increases purchases of low-priced Russian oil
China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February.
Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies
Canada on Thursday said it plans to ban the use of China’s Huawei Technologies Co Ltd (HWT.UL) and ZTE Corp (000063.SZ) 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network.
Analysis: Musk’s ESG attack spotlights $35 trillion industry confusion
Elon Musk’s rejection of environmental, social and corporate governance (ESG) scores as a “scam” highlights how Wall Street’s hottest investment trend that encompasses some $35 trillion in assets means different things to different people.
Advisory firm PIRC opposes Shell climate plan for lacking ambition
Advisory group PIRC recommended shareholders vote against Shell’s (SHEL.L) non-binding climate resolution at the energy company’s annual general meeting (AGM) on Tuesday, according to a document seen by Reuters.
BlackRock, JPMorgan, others tell Texas they don’t boycott energy companies
BlackRock Inc (BLK.N), JPMorgan Chase & Co (JPM.N) and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for information that could determine if they are able to continue to manage state funds.
EXCLUSIVE TikTok plans big push into gaming, conducting tests in Vietnam -sources
TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming, four people familiar with the matter said.
Explainer: Washington holds key to Russia’s sovereign default
The prospect of a Russia sovereign default is moving centre stage again with a deadline for a U.S. license allowing Moscow to make payments expiring on May 25 and $100 million in interest payments due shortly after.
Deutsche Bank enters new era as chairman’s rocky decade ends
Deutsche Bank begins a new epoch on Thursday as Chairman Paul Achleitner leaves after a rocky decade during which Germany’s largest lender lost billions and saw its share price plummet.
Caixabank ups profitability target, unveils $1.9 billion share buyback
Caixabank (CABK.MC) raised its key profitability target for 2024 and announced a 1.8 billion euro ($1.88 billion) share buy-back programme, expecting higher interest rates and economic recovery to boost banking revenue.
Credit Suisse Group rating downgraded by S&P
Credit Suisse Group AG’s (CSGN.S) credit rating has been downgraded to BBB from BBB+ by Standard & Poors, a blow for the Swiss bank which reported a first quarter loss and is facing increasing shareholder unrest following a string of scandals.
