Blinken says Russia’s RT is conducting intelligence activities overseas By Reuters

By Simon Lewis WASHINGTON (Reuters) -Countries should treat the activities of Russian state broadcaster RT as they do covert intelligence operations, U.S. Secretary of State Antony Blinken said on Friday as he unveiled new sanctions aimed at alleged Russian overseas influence campaigns. The United States last week filed money-laundering charges against two employees of RT … Read more

Over 40% of U.S. Gulf of Mexico oil output shut-in by Francine but little damage seen

SlavkoSereda/iStock via Getty Images Crude oil prices rose for the second straight session on Thursday, as Hurricane Francine forced many offshore wells to shut in production, but gains were capped by ongoing concerns over the outlook for crude demand. More than 730K bbl/day, or 42% of crude oil production in the U.S. Gulf of Mexico, … Read more

UniCredit CEO says Europe needs Commerzbank takeover as he seeks deal By Reuters

By Valentina Za MILAN (Reuters) -UniCredit’s investment in Germany’s Commerzbank (ETR:) has laid the basis for talks over a tie-up that could help Europe build stronger banks to compete with U.S. and Asian rivals, the Italian lender’s CEO said on Thursday. UniCredit’s 9% stake, unveiled on Wednesday, makes it Commerzbank’s largest investor after the German … Read more

Raphael Bostic breached Fed trading rules, central bank watchdog says

uschools Federal Reserve Bank of Atlanta President Raphael Bostic violated the Fed’s trading restrictions, the central bank’s internal watchdog said in a report published on Wednesday, while noting there was no evidence that he made trades based on confidential information. The Atlanta Fed chief created an “appearance of acting on confidential” information from the Federal … Read more

US bill targets Hong Kong trade offices, drawing ire from city’s government By Reuters

By Jessie Pang HONG KONG (Reuters) – The U.S. House of Representatives has passed a bill that could lead to the closure of Hong Kong’s economic and trade offices in the country, drawing condemnation from the government in the Chinese-ruled city. The bipartisan Hong Kong Economic and Trade Office (HKETO) Certification Act would allow the … Read more