US charges Russian billionaire Oleg Deripaska with violating sanctions

NEW YORK, Sept 29 (Reuters) – US prosecutors on Thursday unveiled criminal charges accusing the Russian billionaire Oleg Deripaska of violating sanctions imposed after Russia invaded Ukraine. Deripaska, the 54-year-old founder of aluminum giant Rusal (RUAL.MM), , was among two dozen Russian oligarchs and government officials blacklisted by Washington in 2018 in reaction to Russia’s … Read more

Britain’s market rout stokes contagion fears around the globe

NEW YORK/LONDON, Sept 28 (Reuters) – The scale and speed of the sell-off in British assets has jolted world markets, raising concern about contagion as chaos in a major developed economy adds to unease already generated by sharp interest rate rises from the United States and elsewhere. Following Friday’s UK mini-budget, which flagged 45 billion … Read more

UK lenders pull mortgages at record rate as market chaos worsens

LONDON, Sept 28 (Reuters) – A record 935 mortgage products were pulled in Britain overnight, financial services provider Moneyfacts said on Wednesday, as deepening turmoil in financial markets pushed more lenders to temporarily withdraw products for new customers. The volatility comes after the new UK government announced huge tax cuts funded by borrowing, leading to … Read more

Pound drops more than 1% as Bank of England steps into bond market

LONDON, Sept 28 (Reuters) – Sterling fell more than 1% against the dollar and euro on Wednesday after the Bank of England said it would step in to calm the UK’s frenzied bond markets. The pound was on track for its biggest monthly fall since October 2008, just after Lehman Brothers collapsed. The Bank said … Read more

Goldman Sachs closes $9.7 bln private-equity fund, largest since 2007

NEW YORK, Sept 27 (Reuters) – Goldman Sachs Group Inc has closed a $9.7 billion private-equity fund, its largest since 2007, that seeks to invest in companies with an enterprise value of about $750 million to $2 billion, the bank said on Tuesday. The fund sits under the Wall Street giant’s asset management arm and … Read more

Australia flags privacy overhaul after huge cyber attack on Optus

Australian Prime Minister Anthony Albanese speaks at the Sydney Energy Forum in Sydney, Australia July 12, 2022. Brook Mitchell/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register SYDNEY, Sept 26 (Reuters) – Australia plans to toughen privacy rules to force companies to notify banks faster when they experience cyber attacks, Prime … Read more

EXCLUSIVE Trump nominee Claver-Carone voted out at IDB, threatens legal action

Visitors walk past a screen with the logo of Banco Interamericano de Desarrollo (BID) at the Atlapa Convention Center in Panama City March 13, 2013. REUTERS/Carlos Jasso Register now for FREE unlimited access to Reuters.com Register MEXICO CITY/WASHINGTON, Sept 26 (Reuters) – The governors of the Inter-American Development Bank (IDB) on Monday voted to fire … Read more

Targetting government, UK’s Labor pledges sound finances and strong public services

Register now for FREE unlimited access to Reuters.com Register LIVERPOOL, England, Sept 26 (Reuters) – Britain’s opposition Labor Party set out its economic vision on Monday, promising, if in power, to be fiscally responsible and take care of public services, in a swipe at the Conservative government’s tax cuts for the wealthy. At their annual … Read more

Typhoon makes Philippine landfall, government work suspended

Register now for FREE unlimited access to Reuters.com Register No classes, government work, stock trading on Monday Heavy rain, strong winds on main Luzon island Power supply cut, flights cancelled Energy assets on high alert – President Marcos MANILA, Sept 25 (Reuters) – Philippines President Ferdinand Marcos declared suspension of government work and classes for … Read more

Project Veritas loses jury verdict to Democratic consulting firm

Political activist James O’Keefe, currently CEO of Project Veritas, speaks at the Conservative Political Action Conference (CPAC) annual meeting at National Harbor near Washington, US, March 1, 2019. REUTERS/Yuri Gripas/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 23 (Reuters) – A federal jury has found Project Veritas, a conservative group … Read more