 | | | | Lloyd's of London (SOLYD.UL) has fined syndicate member Atrium Underwriters over one million pounds ($1.31 million) for bullying and harassment, the largest fine it has imposed for misconduct, the commercial insurance market said on Wednesday. | | | | | | Sanctions imposed on Russia could prod more countries like China to look at central bank digital currencies (CBDC) as a tool to counter the dollar's dominance in the global financial system, former Bank of Japan executive Hiromi Yamaoka said on Wednesday. | | | | | | Top African lender Standard Bank has ruled out funding all new coal-fired power plants and most oil-fired plants as part of plans to reach net zero-emissions by 2050, but campaigners said it could still do more to cut emissions. | | | | | | The Russian rouble edged higher in Moscow trade on Wednesday as investors hoped for peace talks over the Ukraine crisis sooner rather than later and the market focused on whether Russia would manage to pay coupons on sovereign debt due later in the day. | | | | | | The economic cost of Russia's assault on Ukraine was further exposed on Wednesday as the sanctions-hit country teetered on the brink of its first default on international debt since the Bolshevik revolution. | | | | | | Credit ratings agency Fitch said on Tuesday that if Russia were to make two U.S. dollar bond coupon payments due Wednesday in roubles, it would constitute a sovereign default after a grace period expiration. | | | | | | Brazil's government published a decree on Tuesday to phase out taxes on financial operations using foreign exchange, known as IOF taxes, as part of an effort to join the Organization for Economic Co-operation and Development (OECD). | | | | | | The Russian central bank said on Tuesday it would continue offering funds of up to 3 trillion roubles ($28.30 billion) a day at "fine-tuning" one-day repo auctions after strong demand for liquidity at its one-week repo auction. | | | | | | Net foreign inflows into Treasuries rose for a third straight month in January in the amount of $74.36 billion, data from the U.S. Treasury department showed on Tuesday. | | | | | | A leading Generali shareholder on Tuesday proposed naming the Italian insurer's head of Austria as its new chief executive, in a challenge to the reappointment of Philippe Donnet. | | | | | |
