 | | | | New York's state pension fund will sell $238 million worth of stock and debt it holds across 21 shale oil and gas companies including Chesapeake Energy Corp, Hess Corp and Pioneer Natural Resources , saying they have not shown they are ready to move to a low-emissions economy. | | | | | | The negative impact of currency fluctuations on North American companies' third-quarter 2021 results fell from the quarter before and was at the lowest level since the first quarter of 2018, data from treasury and financial management firm Kyriba showed on Wednesday. | | | | | | Amid fears of a Russian invasion of Ukraine, Italy's UniCredit has backed out of a potential acquisition in Russia and Austria's Raiffeisen Bank International has set aside risk provisions for possible sanctions on Russia. | | | | | | The European Central Bank could raise interest rates this year as high inflation is proving more persistent than once thought, Bundesbank President Joachim Nagel told German newspaper Die Zeit on Wednesday. | | | | | | The U.S. Federal Reserve, responding to a Freedom of Information Act request by Reuters, said there are about 60 pages of correspondence between its ethics officials and policymakers regarding financial transactions conducted during the pandemic year 2020. | | | | | | ABN Amro shares fell 4% on Wednesday morning, even though the Dutch bank reported higher-than-expected net profit for the fourth quarter and announced a 500 million euro ($570 million) share buyback. | | | | | | First Abu Dhabi Bank has made an offer to buy a controlling stake in Egypt's biggest investment bank EFG Hermes that values the North African lender at 18.5 billion Egyptian pounds ($1.18 billion), the two banks said. | | | | | | Britain's Royal London said on Monday conversations regarding a potential merger with mutual life insurer LV= have ceased without reaching an agreement. | | | | | | Credit Suisse Vice Chair Severin Schwan will face opposition from some major shareholders if he stands for re-election to the board of the embattled Swiss bank in April, the Financial Times reported on Wednesday. | | | | | | French funds manager Amundi said it exceeded its 2022 strategic targets on Wednesday, as it posted a strong rise in earnings helped by its retail business and expansion in Asia. | | | | | |
