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European banks to launch euro stablecoin in bid to counter US dominanceNine European banks, including ING and UniCredit, are creating a company to launch a euro-backed stablecoin, challenging U.S. dominance in ...- European banks form company to launch euro stablecoinA group of nine European banks, including ING and UniCredit, is creating a new company to launch a euro-backed stablecoin, highlighting tra...
- Pressure mounts on Ukraine to scrap 'sponsors of war' blacklistUkraine is considering dismantling its "sponsors of war" blacklist and related website, which expose companies doing business with Russia. ...
- EU adopts 12th package of sanctions against RussiaThe package focuses on a Russian-origin diamond import ban as well as imposing additional import and export bans on Russia, combating sanct...
- European stocks fall as Deutsche Bank leads rout in banksEuropean banks fell 4.5% and were set for their third week of declines, after the failure of U.S. midsized lenders and the turmoil at Credi...
- European shares open higher on boost from minersPrices of industrial metals rose on hopes of a recovery in demand from top consumer China and amid support from global mining supply disrup...
- Russia to introduce new budget rule of $60 per barrel of oil -VedomostiForeign currency purchases were suspended early this year amid sharp volatility in the value of the rouble in the weeks before Moscow sent ...
- The extent of global banks' Russian exposureInvestors worry banks will again need to hike loan loss provisions, which had been declining after the pandemic-driven spike in 2020. The c...
- Russian banks isolated, UK cuts insurance ties with MoscowThe London Stock Exchange said it had suspended nearly 30 listings in Russian companies as sanctions begin to bite.
- Russia seeks to halt investor stampede as sanctions hammer economyRussian Prime Minister Mikhail Mishustin announced the country will temporarily stop foreign investors from selling Russian assets to ensur...
- Banks brace for sanctions spiral after Russia invades UkraineMeasures announced earlier this week hit several Russian banks and individuals and targeted Moscow's ability to raise money in internationa...
- Europe's banks fear payment system could be casualty of Russia-Ukraine crisisWhat the region's banks now fear most is that Russia gets banned from a widely used payment system, bankers told Reuters, with one describi...
- Demand rise, output cuts could mean oil market balance in JuneRussia said its output had dropped almost to its quota for May and June under the deal agreed by major producers known as OPEC+.
- Accenture, Blue Prism team up to give automate solutions to companiesMore than 40 organisations have already selected Accenture and Blue Prism to help achieve this, including international retailer Circle K a...
- Apollo Tyres raises Rs 2,260 crore debt for greenfield plant in HungaryApollo Tyres on August 26 announced that it has successfully closed about Rs 2,260 crore financing for its greenfield plant in Hungary.
- Apollo Tyres closes 300 million euro financing for Hungary plantThe company has successfully closed a 300 million euro financing for its greenfield plant in Hungary, Apollo Tyres said in a statement.
- European Central Bank plans to eliminate variations across the currency blocThe ECB will “critically review the calculation of risk-weighted assets,” Sabine Lautenschlaeger, a member of the central bank’s executive ...
- Infy’s Finacle in demand as FIs, banks adopt techAt a time when customers are tightening their software services spending, India’s second-biggest software exporter Infosys is seeing more d...
- Global credit turmoilSupply of emerging market bonds looks set to shrink more in coming months as upheaval in global credit markets prompts corporates to trim 2...
- UBI hires 6 lenders to arrange $150 mn loanUnion Bank of India hired six lenders to arrange a $150 million yen-denominated loan, its third syndicated financing this year, a banker sa...
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