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Hundreds of Nazi-linked accounts discovered at Credit Suisse, US lawmaker says
Reuters· 2026-02-03 11:04
Core Viewpoint - An investigation has revealed that 890 accounts at Credit Suisse may have potential links to Nazi activities, as stated by U.S. Senator Chuck Grassley during a Judiciary Committee hearing on banking practices [1] Group 1 - The investigation into Credit Suisse highlights concerns regarding the bank's historical connections and the management of accounts associated with Nazi affiliations [1] - Senator Grassley's comments indicate a broader scrutiny of banks' roles in facilitating accounts with questionable historical ties [1]
Siemens Energy to spend $1 billion in 'hot' US power market
Reuters· 2026-02-03 11:02
Core Insights - Siemens Energy plans to invest $1 billion to expand its U.S. power grid and gas turbine component production [1] Company Summary - The investment is aimed at supporting the infrastructure needed for data centers that power AI technology [1]
Santander, NatWest explore multi-billion-pound pension transfers, Bloomberg News reports
Reuters· 2026-02-03 10:51
Group 1 - European banks Banco Santander SA and NatWest are considering the sale of UK pension assets valued at several billion pounds to an insurance company [1] - The potential transaction is reported by Bloomberg News, citing sources familiar with the matter [1] - This move indicates a strategic shift in asset management for these banks, focusing on optimizing their portfolios [1]
Italy's Banca Mediolanum posts record annual net profit, up 11%
Reuters· 2026-02-03 10:45
Italy's Banca Mediolanum on Tuesday posted an 11% rise in annual net profit to a record 1.24 billion euros ($1.46 billion) for 2025. ...
Russia's Novak expects oil demand to pick up in March, April
Reuters· 2026-02-03 10:40
Russian Deputy Prime Minister said on Tuesday that there is currently a balance on the global oil market, while demand will be gradually rising in March and April, when asked about the OPEC+ group's p... ...
Russia-India oil ties as US trade deal targets crude imports
Reuters· 2026-02-03 10:17
Core Points - A trade agreement was announced between the U.S. and India, which includes a significant measure to halt Indian oil purchases from Russia [1] Group 1 - The trade agreement was made between U.S. President Donald Trump and Indian Prime Minister Narendra Modi [1] - The agreement specifically targets Indian oil purchases from Russia, indicating a shift in India's energy sourcing strategy [1]
MONETA Money Bank beats 2025 profit guidance, proposes dividend increase
Reuters· 2026-02-03 09:46
Group 1 - MONETA Money Bank reported a nearly 12% increase in net profit for 2025 [1] - The bank proposed an increase in dividends [1] - Earnings growth is forecasted for the next few years [1]
Leonardo, Adani sign partnership for helicopter manufacturing in India
Reuters· 2026-02-03 09:29
Core Insights - Italy's Leonardo and India's Adani Defence & Aerospace have signed a preliminary agreement to establish a helicopter manufacturing ecosystem in India [1] Company Developments - The joint statement indicates a collaborative effort between Leonardo and Adani Defence & Aerospace to enhance local manufacturing capabilities in the helicopter sector [1]
Rolls-Royce defends pricing after airlines bash engine industry
Reuters· 2026-02-03 08:40
Core Viewpoint - A senior Rolls-Royce executive defended the company's recent price increases and performance improvements amid accusations from airlines that engine manufacturers are profiting from supply chain issues [1] Group 1: Company Response - The executive emphasized that the price rises are justified by the enhancements in performance [1] - The defense comes in response to criticism from airlines regarding the profitability of engine makers during supply chain disruptions [1]
Repsol subsidies fined $24 million for abusive practices
Reuters· 2026-02-03 08:36
Core Viewpoint - Spain's competition authority has imposed fines totaling 20.5 million euros ($24.2 million) on three companies within the Repsol group for engaging in what is described as an abusive margin-squeeze strategy [1] Group 1: Regulatory Actions - The fines are a result of the companies' practices that the competition watchdog deemed harmful to market competition [1] - The total amount of fines levied is significant, indicating the authority's strict stance on anti-competitive behavior [1] Group 2: Impact on Repsol Group - The financial penalty may impact the Repsol group's operational costs and overall profitability [1] - This regulatory action could lead to increased scrutiny of the Repsol group's pricing strategies in the future [1]