Vast China-Russia resources trade shifts to yuan from dollars in Ukraine fallout
China's use of yuan to buy Russian commodities surges since Ukraine warSpeeds China's quest to internationalise yuan, but still long...
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For Chinese buyers of Russian crude, middlemen ease the way
SINGAPORE, May 11 (Reuters) - For Chinese independent refiners who have been avid buyers of cheap Russian crude in the...
Bank of America opens Luxembourg branch in Europe funds push
LONDON, May 10 (Reuters) - Bank of America (BAC.N) has hired former BNP Paribas banker Benoit Nevouet to be the...
U.S. prosecutors look at short selling in bank shares – source
NEW YORK, May 10 (Reuters) - Federal prosecutors in Washington are looking into short seller activity around the recent volatility...
Oil recoups losses on plans for SPR refill, higher seasonal demand
TOKYO, May 9 (Reuters) - Oil prices ticked up on Tuesday, reversing a more than 2% drop earlier in the...
EU plans tough ‘value for money’ rules for investment products – draft document
LONDON, May 9 (Reuters) - Banks, insurers and asset managers in the European Union would only be allowed to sell...
Stocks slide on Chinese data, US debt ceiling worries hit T-bills
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2023....
Pound hits one-year high against struggling dollar
SINGAPORE, May 8 (Reuters) - Sterling hit an over-one-year high against the dollar on Monday as the greenback began the...
Lebanon central bank chief’s brother questioned at European fraud probe hearing
BEIRUT, May 4 (Reuters) - The brother of Lebanon's central bank governor appeared on Thursday at a hearing in Beirut...
Analysis: Fed up with shrinking savings, Europeans drain billions from banks
LONDON/DUBLIN, May 4 (Reuters) - European savers are pulling more of their money from banks, looking for a better deal...
