By Valentina Za, Andrea Mandala and Sudip Kar-Gupta MILAN/PARIS (Reuters) -Credit Agricole upped the stakes in a banking battle over Italy’s Banco BPM on Friday, by using derivatives to raise its holding in the Milanese lender that has become a takeover target for UniCredit. UniCredit last month claimed a seat at Italy’s banking consolidation table …
Credit Agricole ups Banco BPM stake in UniCredit duel Read More »
By Edwin Okoth NAIROBI (Reuters) -Nearly 20 of the roughly 400 Kenyan police officers serving in Haiti on a U.N.-backed anti-gang force have submitted letters of resignation from the mission over the past two months because of pay delays and poor conditions, three officers told Reuters. The officers have received no response to their letters …
Exclusive-Kenyan police in Haiti tender resignations over pay delays Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices fell by more than 1% on Friday and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026. Brent crude futures settled at $71.12 a …
Oil prices fall on supply glut fears despite OPEC+ output cut extension Read More »
WASHINGTON (Reuters) – U.S. President Joe Biden changed his mind about pardoning his son Hunter because “circumstances have changed,” the White House said on Friday. Biden’s pardon of his son on Monday came after he had repeatedly promised he would allow the U.S. justice system to play out, and a day after President-elect Donald Trump …
Biden’s Hunter pardon came after circumstances changed, White House says Read More »
By Georgina McCartney HOUSTON (Reuters) -Chevron , the only U.S. oil producer now working in Venezuela’s oilfields, has not held any discussions with President-elect Donald Trump’s team over the company’s operations in the country, CEO Michael Wirth said on Friday.  Since 2019, Venezuela’s oil industry has been under U.S. sanctions designed to curb its oil …
Chevron CEO says no discussions with President-elect Trump on Venezuela Read More »
OSLO (Reuters) – Norway’s Financial Supervisory Authority (FSA) said on Friday it had issued a fine to brokerage Fearnley Securities AS of 25 million Norwegian crowns ($2.26 million) for improper handling of insider information. The FSA said the brokerage had provided inside information to investors in connection with three different capital market transactions in violation …
Norwegian watchdog fines broker Fearnley Securities $2.3 million Read More »
WASHINGTON (Reuters) – Two U.S senators have asked the Federal Trade Commission and Justice Department to investigate online betting platforms DraftKings and FanDuel over concerns they are coordinating against competitors. In a letter dated Dec. 5, Republican Senator Mike Lee and Democratic Senator Peter Welch asked for an investigation following reports that the two companies …
Two US senators seek antitrust probe of DraftKings, FanDuel Read More »
By Howard Schneider and Ann Saphir CHICAGO/PALO ALTO, California (Reuters) – Federal Reserve officials appear on track to cut interest rates this month after data showed the U.S. labor market remained strong but continued to cool in November, even as debate emerged over a possible pause to rate cuts in the new year. U.S. employers …
Fed seen poised to cut rates this month, debate 2025 pause Read More »
By Mumal Rathore and Pranoy Krishna (Reuters) – The Bank of Canada will slash interest rates by a half percentage point at a second consecutive meeting on Dec. 11, according to a majority of economists polled by Reuters, many of whom changed their view on news of a sharp rise in unemployment. The BoC is …
Bank of Canada to slash rates by another 50 bps on Dec. 11: Reuters poll Read More »
(Reuters) -U.S. President-elect Donald Trump on Thursday said he was appointing former PayPal Chief Operating Officer David Sacks as his “White House A.I. & Crypto Czar,” another step towards overhauling U.S. policy. “He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in …
Trump appoints former PayPal exec David Sacks as AI and crypto czar Read More »
