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Australia’s IAG receives over 5,000 claims after New Zealand floods

January 30, 2023 Bryan Comments Off on Australia’s IAG receives over 5,000 claims after New Zealand floods

Jan 30 (Reuters) – Major insurers operating in New Zealand including Insurance Australia Group (IAG.AX) and Suncorp Group (SUN.AX) have cumulatively received over 9,000 claims so far following severe storms and flooding in and around […]

Industry

Visa, Mastercard pin hopes on China reopening as travel boom fades

January 28, 2023 Bryan Comments Off on Visa, Mastercard pin hopes on China reopening as travel boom fades

Jan 27 (Reuters) – Mastercard Inc (MA.N) and Visa Inc (V.N) will rely on China reopening to give travel spending a boost, Wall Street analysts said, as the pace of growth in other parts of […]

Industry

Bill Ackman says Hindenburg’s report on Adani Group ‘highly credible’

January 27, 2023 Bryan Comments Off on Bill Ackman says Hindenburg’s report on Adani Group ‘highly credible’

Jan 26 (Reuters) – Billionaire investor William Ackman in a tweet on Thursday said that he found short-seller Hindenburg Research’s report on Adani Group “highly credible and extremely well researched.”Shares in seven listed group companies […]

Industry

Exonerated Deutsche Bank trader accuses bank of ‘malicious prosecution’

January 26, 2023 Bryan Comments Off on Exonerated Deutsche Bank trader accuses bank of ‘malicious prosecution’

NEW YORK, Jan 25 (Reuters) – A former Deutsche Bank AG trader whose conviction for rigging the Libor rate benchmark was overturned has begun a $30 million legal action in New York accusing the German […]

Industry

Bank of America to give stock awards to rank-and-file workers

January 25, 2023 Bryan Comments Off on Bank of America to give stock awards to rank-and-file workers

Jan 24 (Reuters) – Bank of America Corp (BAC.N) will give stock awards to most of its global workforce for a sixth consecutive year, the company said in a memo to staff on Tuesday.The second […]

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Industry

Bank funding for renewables stagnates vs oil and gas – report

January 24, 2023 Bryan Comments Off on Bank funding for renewables stagnates vs oil and gas – report

LONDON, Jan 24 (Reuters) – The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years, raising questions about how fast lenders are pushing energy clients to […]

Industry

India’s Yes Bank reports surprise 80% plunge in quarterly profit

January 22, 2023 Bryan Comments Off on India’s Yes Bank reports surprise 80% plunge in quarterly profit

MUMBAI, Jan 21 (Reuters) – India’s Yes Bank (YESB.NS) reported a surprise 80% plunge in quarterly profit on Saturday as provisions for bad loans increased.Net profit fell to 515.20 million rupees ($6.36 million) for the […]

Industry

Brazilian lender Santander’s Chairman Rial resigns

January 21, 2023 Bryan Comments Off on Brazilian lender Santander’s Chairman Rial resigns

SAO PAULO, Jan 20 (Reuters) – Brazilian lender Santander Brasil SA said on Friday its chairman and former chief executive, Sergio Rial, is resigning from his position at the firm.The resignation comes just days after […]

Industry

Investor group requests arbitration against Brazil’s Americanas and 3G Capital

January 20, 2023 Bryan Comments Off on Investor group requests arbitration against Brazil’s Americanas and 3G Capital

Jan 19 (Reuters) – A group of investors requested a collective arbitration against troubled Brazilian retailer Americanas SA (AMER3.SA) and 3G Capital at the Brazilian stock exchange on Thursday, according to a legal document seen […]

Industry

Brazil’s BTG gets court decision reversing part of Americanas’ protection from creditors

January 19, 2023 Bryan Comments Off on Brazil’s BTG gets court decision reversing part of Americanas’ protection from creditors

SAO PAULO, Jan 18 (Reuters) – Brazilian bank BTG Pactual obtained a court decision on Wednesday overturning part of Americanas SA’s (AMER3.SA) protection from creditors, according to court documents seen by Reuters, in a move […]

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  • Ryanair posts record after-tax profit for Christmas quarter

    January 30, 2023 Comments Off on Ryanair posts record after-tax profit for Christmas quarter
    SummaryCompaniesQ3 profit a record 211 mln eurosNo sign of recession – CFOStrong dollar, Asian travel to boost demandShares fall 1%; up 25% in 2023DUBLIN, Jan 30 (Reuters) – Ryanair (RYA.I) on Monday posted a record [...]
  • Israel to Expedite Civilian Gun Licenses After Jerusalem Attacks

    January 30, 2023 Comments Off on Israel to Expedite Civilian Gun Licenses After Jerusalem Attacks
    Israel’s security cabinet approved measures to curb terrorism following deadly attacks in Jerusalem, including making it easier for Israeli civilians to carry guns and revoking residency and citizenship of terrorists. “We will exact a price [...]
  • Australia’s IAG receives over 5,000 claims after New Zealand floods

    January 30, 2023 Comments Off on Australia’s IAG receives over 5,000 claims after New Zealand floods
    Jan 30 (Reuters) – Major insurers operating in New Zealand including Insurance Australia Group (IAG.AX) and Suncorp Group (SUN.AX) have cumulatively received over 9,000 claims so far following severe storms and flooding in and around [...]
  • Israel drops plastic tax despite environmental gains

    January 30, 2023 Comments Off on Israel drops plastic tax despite environmental gains
    JERUSALEM, Jan 29 (Reuters) – Israel’s new hard-right government said on Sunday it had dropped a year-old tax that had significantly reduced the consumption of single-use plastic plates and utensils.The decision, in apparent defiance of [...]
  • With tiny EV, City Transformer takes aim at Europe’s urban markets

    January 30, 2023 Comments Off on With tiny EV, City Transformer takes aim at Europe’s urban markets
    Jan 30 (Reuters) – Israeli electric vehicle (EV) startup City Transformer aims to launch production of its small urban CT-2 model in Western Europe by the end of 2024 and will soon launch a Series [...]
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  • With tiny EV, City Transformer takes aim at Europe’s urban markets
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