Friday 25 March 2022

Reuters Global Investor: EXCLUSIVE Starboard poised to lose board challenge against Huntsman-sources

EXCLUSIVE Starboard poised to lose board challenge against Huntsman-sources

Hedge fund Starboard Value LP has not secured enough support from shareholders of Huntsman Corp to replace four of the U.S. specialty chemicals maker's board directors with its own nominees, people familiar with the matter said on Friday.

Lebanon banks to sell dollars at approved rate starting March 28 -central bank

Lebanese banks will be allowed to sell the local currency for U.S. dollars and vice-versa starting March 28, on the basis of the rate determined by the central bank's "Sayrafa" platform, the central bank said on Friday.

ECB objects to EU's plan to water down banking rules

European Union lawmakers should not grant banks exceptions from new global rules designed to avoid a new financial crisis, highlighting risks relating to housing and derivatives, the European Central Bank said on Friday.

Russia's National Settlement Depository says Clearstream is blocking its account -Ifx

Russia's National Settlement Depository (NSD) on Friday said Clearstream, one of the world's biggest settlement systems, had informed it that it was blocking its account and waiting for a decision from regulatory authorities in Luxembourg, Interfax reported.

Citi global co-head of markets Lathrop to depart

Citigroup Inc said on Thursday in a memo that Carey Lathrop, global co-head of markets, will leave the bank and Andy Morton, who has been sharing the post with him since 2019, will entirely assume the position.

Lebanese banks protest as judge blocks lenders from moving money abroad

A Lebanese judge on Thursday instructed customs authorities to prevent six banks from moving money out of Lebanon, according to a copy of the decision seen by Reuters, taking further steps against lenders whose assets she has already ordered frozen.

Pamplona to liquidate funds linked to Mikhail Fridman's LetterOne

Buyout firm Pamplona Capital Management said on Thursday it would liquidate every fund where Mikhail Fridman's investment group LetterOne had any interest as it seeks to sever ties with the sanctioned Russian tycoon.

In first for Israeli banking, Leumi to enable crypto trade

Bank Leumi will become the first Israeli bank to enable cryptocurrency trading, its digital platform Pepper Invest said on Thursday after partnering with U.S. blockchain firm Paxos.

Deutsche Bank appoints Ahlersmeyer to U.S. building products research unit - memo

Deutsche Bank AG has hired Joe Ahlersmeyer as vice-president of the U.S. building products research unit within the bank's company research group, according to an internal memo seen by Reuters on Thursday.

ECB's Centeno says recession not in ECB's scenario despite Ukraine

The European Central Bank does not contemplate a recession in the euro zone in its economic scenario despite the conflict in Ukraine that has exacerbated inflationary pressures, ECB Governing Council member Mario Centeno said on Thursday.

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