Wednesday 23 March 2022

Reuters Global Investor: Limited Russian stock market trading to resume on March 24, central bank says

Limited Russian stock market trading to resume on March 24, central bank says

The Russian central bank said on Wednesday some stock market trading would resume on Thursday after a near month-long hiatus, with 33 securities set to be traded on the Moscow Exchange for a limited period of time and with short selling banned.

Rouble hovers near 104 vs dollar as Russia set to reopen stock trading

The Russian rouble eased marginally on Wednesday, hovering near 104 to the dollar in Moscow as the central bank prepared to reopen trading of shares in Russia's main companies on Thursday after a nearly four-week-long hiatus.

Britain's Lloyds Bank closes a further 60 branches

Britain's biggest domestic bank Lloyds said on Wednesday it will close 60 further branches, as it steps up efforts to shrink its physical branch network amid a surge in the popularity of digital banking.

Sanctions delay payments to Russian corporate Eurobond holders

Russian holders of domestic corporate Eurobonds face delays in receiving payments settled through international agents, as transactions get snarled up by sanctions, Russia's National Settlement Depository (NSD), companies and analysts said.

Workers at Deutsche Bank's Postbank clinch pay deal after months of wrangling

A pay increase for thousands of workers at Deutsche Bank's retail unit Postbank has been agreed with management, brightening prospects for a wage deal for the broader German industry after months of wrangling and strikes.

Mizuho plans to tie up with Google to serve clients better

Mizuho Financial Group Inc said on Wednesday that it plans to form a strategic alliance with Google to serve the Japanese firm's clients more effectively.

Asian banks 'falling short' on decarbonisation efforts -study

Banks in Asia are "falling short" when it comes to meeting global pledges to tackle climate change and aligning with the decarbonisation aims of their countries, according to a study published on Wednesday.

Banorte wants to lead Mexicans to 'recover' Citi unit, if sale conditions are favorable

Mexican banking institution Banorte will invite Mexicans to "recover" Citigroup's retail unit in the country, which is set to go up for sale in coming months, if Banorte decides to go forward with the purchase, the bank said in a statement on Tuesday.

Bank of England says not seen any major ECB grab for UK bankers so far

The European Central Bank has so far made no attempt to move a large number of bankers from London to new post-Brexit hubs in the European Union, but the "jury is still out", Bank of England officials said on Tuesday.

EU raises over 12 bln euros in debt sale as market watches for potential new borrowing

The European Union raised over 12 billion euros ($13.24 billion) in a debt sale on Tuesday, as investors wait to see if the bloc will unveil a new joint borrowing plan to tackle member states' funding needs following the invasion of Ukraine.

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