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The European Central Bank’s top supervisor Andrea Enria appeared to call time on a season of large share buybacks by banks on Thursday as the economy weakens. Banks including UniCredit (CRDI.MI) and Societe Generale (SOGN.PA) have been reporting bumper profits Read more
Workers at the BP PLC (BP.L) oil refinery in Rotterdam are threatening to strike if their pay demands in a new collective bargaining agreement are not met by noon on Nov. 14, fuelling concerns about a potential diesel shortage next Read more
Russia’s largest lender Sberbank’s (SBER.MM) net profit for the first ten months of the year exceeded 50 billion roubles ($812 million) boosted by a strong performance in October, Chief Executive German Gref said on Thursday. Like many other Russian banks, Read more
Two former finance chiefs at travel website Booking.com are set to be questioned after Dutch authorities agreed to cooperate with Italian prosecutors on a tax investigation. The Italians launched their investigation in 2018 into Booking.com, which is based in the Read more
Shares in Credit Agricole SA (CAGR.PA) fell as much as 5% on Thursday after the French bank reported lower-than-expected revenues in the third quarter, driven by weaker trading proceeds and withdrawals at asset manager Amundi. Underlying revenues in the three Read more
FTX CEO Sam Bankman-Fried has appealed for a $2 billion to $4 billion cash injection from OKX on Monday morning just prior to the announcement of the now collapsed acquisition mooted by arch rival Binance, said a senior executive at Read more
Elon Musk in his first email to Twitter employees said remote work would no longer be allowed and that they would be expected in office for at least 40 hours per week, Bloomberg News reported on Thursday. Musk, who completed Read more