(Reuters) – First Republic Bank’s efforts to secure a capital infusion continued without success on Tuesday, as the troubled regional lender started to plan for the possibility it may need to downsize or get a government backstop. Major banks and private equity firms have so far balked at offering First Republic the capital infusion it …
First Republic seeks new ways to escape unrealized losses Read More »
(Corrects date of email to Tuesday night from Friday night in paragraph 3) WASHINGTON (Reuters) -Richard Branson’s Virgin Orbit is planning to return on Thursday a small group of employees from a near company-wide furlough to work on rocket upgrades, three people familiar with the plans said. The number of employees due to return to …
Branson’s Virgin Orbit to return small team from furlough for rocket upgrades – sources Read More »
By Herbert Lash NEW YORK (Reuters) – One of the largest investors of the Credit Suisse bonds that were wiped out in the UBS takeover of the troubled Swiss bank still believes in the value of the debt class and the “bail-in” system designed to save banks seen as too big to fail. Spectrum Asset …
Big investor in Credit Suisse bonds says ‘bail-in’ system worked Read More »
By Nell Mackenzie, Xie Yu and Scott Murdoch LONDON (Reuters) – Distressed debt investors and large hedge funds are buying up Credit Suisse additional tier-1 bonds at rock-bottom prices after they were written down to zero in the Swiss bank’s rescue by cross-town rival UBS. Under the UBS deal, the Swiss regulator determined that Credit …
Hedge funds eye opportunities in cut-price Credit Suisse AT1s Read More »
By Andrea Shalal and Rodrigo Campos WASHINGTON (Reuters) -The International Monetary Fund said on Tuesday it had reached a staff-level agreement with Ukraine for a four-year financing package worth about $15.6 billion, offering funds the country needs as it continues to defend against Russia’s invasion. The agreement, which must still be ratified by the IMF’s …
IMF staff reaches agreement with Ukraine for $15.6 billion program Read More »
(Reuters) – The British government on Wednesday said it will provide 1.8 billion pounds ($2.20 billion) to boost energy efficiency and cut emissions of homes and public buildings across England. The amount is awarded through the Social Housing Decarbonisation Fund and Public Sector Decarbonisation Scheme and could save tenants between 220 pounds and 400 pounds …
UK says to provide nearly two billion stg to improve energy efficiency, cut emissions Read More »
By Suban Abdulla LONDON (Reuters) – British employers expect pay settlements over 2023 as a whole to average 5%, down slightly from the 32-year high of 6% recorded during the three months to the end of February, new industry data showed on Wednesday. “Our forecast indicates that pay awards may have reached their peak and …
UK employers see slight fall in pay awards over 2023 – XpertHR Read More »
LONDON (Reuters) – A public inquiry into allegations that members of British special forces carried out dozens of extra-judicial killings during night raids in Afghanistan gets underway in London on Wednesday. Britain’s defence ministry ordered the inquiry after a BBC TV documentary last year reported that soldiers from the elite Special Air Service (SAS) had …
UK inquiry into allegations of SAS extra-judicial killings of Afghans to start Read More »
By Elizabeth Pineau and Ingrid Melander PARIS (Reuters) -French President Emmanuel Macron is looking to regain the initiative with new reforms in the coming weeks after his government barely survived a no-confidence motion over an unpopular pension bill and nationwide protests continued. As labour unions prepared another day of strikes and demonstrations against Macron’s pension …
‘Weakened’ Macron sticks with pension bill, eyes new reforms Read More »
(Reuters) – Xi Jinping and Vladimir Putin emerged from two days of talks on Tuesday with warm words of friendship between China and Russia and joint criticism of the West, but no sign of a diplomatic breakthrough over Ukraine. Xi’s visit to Moscow – long touted by the Kremlin as a show of support from …
Putin, Xi pledge friendship but talks yield no Ukraine breakthrough Read More »
