archiveFOTB

Banking

European shares rise to fresh two-month peak as oil majors rally

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker//File Photo Acquire Licensing RightsNovo Nordisk invests $2.3 bln to boost obesity drug productionEuro zone business activity falls in NovECB minutes: Policymakers cautiously optimistic about inflationSTOXX 600 up 0.3%Nov 23 (Reuters) - European shares rose on Thursday, supported by gains in energy stocks, while investors digested minutes of the European Central Bank's (ECB) October meeting where policymakers were cautiously optimistic about inflation falling in the euro zone.The pan-European STOXX...
Banking

India’s Axis Bank investment banking unit co-CEO Negandhi resigns – internal memo

Brochures are seen at a branch of Axis Bank in Mumbai, India, January 22, 2018. REUTERS/Danish Siddiqui/File photo Acquire Licensing RightsNEW DELHI, Sept 15 (Reuters) - The co-CEO of Axis Bank's (AXBK.NS) investment banking unit Axis Capital, Chirag Negandhi, has resigned, according to an internal memo seen by Reuters on Friday.The investment bank will likely tap an outside candidate for Negandhi's role, two sources with direct knowledge of the matter told Reuters.Axis Capital named another co-Chief Executive Salil Pitale as the interim managing director and CEO, as per the memo.Negandhi...
Finance

EU says financial firms unwilling to support new deforestation law

FILE PHOTO-European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023 REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Sept 13 (Reuters) - The European Commission said on Wednesday that financial institutions are not backing the EU's new deforestation law, which has faced a backlash from producing countries concerned it will create unfair trade barriers.The landmark law requires importers of commodities like coffee, cocoa, beef, soy, rubber and palm oil to produce a due diligence statement proving their goods are not contributing to the destruction of forests,...
1 2 3
Page 1 of 3