Column - Hedge funds eye U.S. bond boost after bruising Q1: McGeever

For the U.S. bond market, the first quarter was marked by historically high volatility and the poorest performance in decades. Hedge funds scored badly, and will be hoping for a better showing in the second quarter.

newspaper

11-04-2022

TikTok's ad revenue to surpass Twitter and Snapchat combined in 2022 - report

Video-sharing app TikTok's advertisement revenue is likely to triple in 2022 to more than $11 billion, exceeding the combined sales of its rivals Twitter Inc and Snap Inc, according to research firm Insider Intelligence.

newspaper

11-04-2022

Hungary says roubles-for-Russian gas plan breaches no EU sanctions

Hungary plans to pay for Russian gas in euros through Gazprombank, which will convert the payment into roubles to meet a new requirement set by President Vladimir Putin, Foreign Minister Peter Szijjarto said on Monday.

newspaper

11-04-2022

SocGen severs Russia ties with sale of Rosbank to oligarch Potanin

PARIS (Reuters) -French bank Societe Generale said on Monday it would quit Russia and take a 3 billion euros ($3.3 billion) income hit from selling its Rosbank unit to Interros Capital, a firm linked to Russian oligarch Vladimir Potanin.

newspaper

11-04-2022

Mercedes-Benz to halve CO2 emissions by 2030

Mercedes-Benz aims to halve its CO2 emissions by 2030, the carmaker said on Monday, providing a half-way goal to its existing target of becoming CO2 neutral by 2039.

newspaper

11-04-2022

SocGen quits Russia with sale of Rosbank to oligarch Potanin

PARIS (Reuters) -French bank Societe Generale said on Monday it would quit Russia with a deal to sell its stake in Rosbank to Interros Capital, a firm linked to Russian oligarch Vladimir Potanin, the head of mining giant Norilsk Nickel.

newspaper

11-04-2022

Ericsson suspends business in Russia, puts staff on paid leave

Ericsson is suspending its business in Russia indefinitely and has put employees on paid leave, six weeks after the Swedish telecom equipment maker started a review of the impact of Western sanctions on its operations.

newspaper

11-04-2022

Stung by redistricting rulings, Republicans target state court elections

Republicans are vowing to spend record amounts in key state supreme court races this fall, seeking to take advantage of a favorable national political environment to elect conservative judges at the state level amid deep political divisions.

newspaper

11-04-2022

Marketmind: Pressure points

Relief that the far right did not win the first round of French presidential elections lasted only a few hours. The euro has slid back towards Friday's levels while French stocks are set for a lacklustre start.

newspaper

11-04-2022