AMERS

Google’s Russian subsidiary to file for bankruptcy after bank account seized

May 18 (Reuters) – Google’s Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday. The Alphabet Inc (GOOGL.O) unit has been under pressure in Russia for months …

Google’s Russian subsidiary to file for bankruptcy after bank account seized Read More »

Architect of Allianz fraud made $ 60 million as he lied to investors, US says

FRANKFURT, May 17 (Reuters) – The star portfolio manager at the center of a fraud at the US funds unit of Allianz SE (ALVG.DE) relied on the German insurer’s good name to lure investors and thrived from a lack of oversight as he pocketed $ 60 million in pay, US authorities said. Gregoire “Greg” Tournant, …

Architect of Allianz fraud made $ 60 million as he lied to investors, US says Read More »

Stock bounce fades and the dollar gains as growth fears return

LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. European shares were mostly lower and futures on Wall Street pointed …

Stock bounce fades and the dollar gains as growth fears return Read More »

EXCLUSIVE China in talks with automakers on EV subsidy extension -sources

SHANGHAI, May 18 (Reuters) – China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said. The move by policymakers comes as the world’s second-biggest economy …

EXCLUSIVE China in talks with automakers on EV subsidy extension -sources Read More »

Russians line up for final Big Mac ahead of McDonald’s exit

A view shows a closed McDonald’s restaurant in Moscow, Russia May 16, 2022. REUTERS / Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com Register May 17 (Reuters) – Russians lined up in a Moscow train station on Tuesday for what may be their last Big Mac from one of the few McDonald’s (MCD.N) …

Russians line up for final Big Mac ahead of McDonald’s exit Read More »

Iraq balks at greater Chinese control of its oilfields

Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms not happy with terms of Iraqi deals LONDON / BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and …

Iraq balks at greater Chinese control of its oilfields Read More »

US revises Cuba policy, eases restrictions on remittances, travel

A vintage car passes by the US Embassy in Havana, Cuba, October 30, 2020. Picture taken October 30, 2020. REUTERS / Alexandre Meneghini / File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 16 (Reuters) – The United States on Monday announced a series of steps to revise its policy toward …

US revises Cuba policy, eases restrictions on remittances, travel Read More »

Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS / Dado Ruvic / Illustration / File Photo Register now for FREE unlimited access to Reuters.com Register ECB officials warn of risks from cryptocurrencies Luna Foundation Guard says reserves depleted to $ 90 million …

Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg Read More »

Surging natural gas prices squeeze US industrial sector

An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, US, April 14, 2022. REUTERS / Marcy de Luna Register now for FREE unlimited access to Reuters.com Register HOUSTON / CHICAGO, May 16 (Reuters) – Skyrocketing natural gas prices have raised manufacturing and transportation costs …

Surging natural gas prices squeeze US industrial sector Read More »