Sanctions-hit Kremlin to stage annual ‘Russian Davos’ bereft of financial elite

Sanctions-hit Kremlin to stage annual ‘Russian Davos’ bereft of financial elite

Flags with the St. Petersburg International Economic Forum (SPIEF) logo fly near the St. Isaac’s Cathedral in Saint Petersburg, Russia June 14, 2022. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register International economic forum June 15-18 in St Petersburg No Western bigwigs at ‘Russian Davos’ due to sanctions Putin won’t meet top … Read more

EXCLUSIVE Twitter under shareholder pressure to seek deal with Musk, sources say

EXCLUSIVE Twitter under shareholder pressure to seek deal with Musk, sources say

Elon Musk’s twitter account is seen on a smartphone in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register April 24 (Reuters) – Twitter Inc (TWTR.N) is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world’s richest person has … Read more

Ackman gives up on Netflix, taking $400 mln loss as shares tumble

Ackman gives up on Netflix, taking 0 mln loss as shares tumble

April 20 (Reuters) – Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing Square Capital Management made an … Read more

Musk says US SEC ‘bastards’ forced settlement over Tesla tweets

Musk says US SEC ‘bastards’ forced settlement over Tesla tweets

April 14 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk on Thursday stepped up criticism of the US securities regulator, calling Securities and Exchange Commission officials “bastards” for bringing fraud charges against him over his 2018 tweets regarding taking the company private. On the day he made major news by unveiling a $43 billion cash … Read more

How the US plans to starve Russia’s ‘war machine’ -Treasury’s Adeyemo to Reuters

How the US plans to starve Russia’s ‘war machine’ -Treasury’s Adeyemo to Reuters

WASHINGTON, April 7 (Reuters) – The United States is ramping up sanctions against Russia to deprive Moscow’s “war machine” of money and components needed to sustain its invasion of Ukraine, but curbing a main source of funding, Russian energy exports, will take time, US Deputy Treasury Secretary Wally Adeyemo told Reuters on Thursday. The United … Read more

US stops Russian bond payments in bid to raise pressure on Moscow

US stops Russian bond payments in bid to raise pressure on Moscow

Russian ruble banknotes are seen in this illustration picture shot September 30, 2014. REUTERS/Maxim Zmeyev/Illustration Register now for FREE unlimited access to Reuters.com Register NEW YORK/WASHINGTON, April 4 (Reuters) – The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at American … Read more

Prosecutor urges ex-Goldman banker’s conviction over 1MDB, defense blasts witness

Prosecutor urges ex-Goldman banker’s conviction over 1MDB, defense blasts witness

NEW YORK, April 4 (Reuters) – A US prosecutor on Monday urged jurors to convict a former senior Goldman Sachs (GS.N) banker for helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund, while the defense accused the government’s star witness of lying. In her closing argument in Brooklyn federal court, Assistant US Attorney … Read more

Sri Lanka imposes curfew after protests over economic crisis turn violent

Sri Lanka imposes curfew after protests over economic crisis turn violent

Street lights to be turned off, trading hours shortened Government unable to pay for fuel imports Crisis induced by pandemic, tax cuts COLOMBO, April 1 (Reuters) – Police imposed an overnight curfew in several parts of Sri Lanka’s main city of Colombo early on Friday after protests over the government’s handling of the country’s worst … Read more