Regional lender Metropolitan Bank to exit crypto-related asset vertical

(Reuters) – Metropolitan Bank Holding Corp said on Monday it will exit the cryptocurrency related asset vertical, as the digital assets industry slips deeper into a crisis. MCB said it expects minimal financial impact from the exit. It has four active institutional crypto-asset related clients that account for about 1.5% of its revenues and 6% …

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Credit Suisse nears deal to buy Michael Klein’s advisory firm – Bloomberg News

(Reuters) – Credit Suisse Group AG is close to an agreement to acquire former Citigroup executive Michael Klein’s advisory boutique, Bloomberg News reported on Monday. The Swiss bank will value M. Klein & Company at around a few hundred million dollars, the report said, citing people familiar with the matter. Credit Suisse declined to comment …

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Russia’s Sakhalin-1 near full oil output after Exxon exit -source

By Nidhi Verma NEW DELHI (Reuters) – Russia has restored oil output at its Sakhalin-1 project after struggling with production following the exit of previous operator Exxon Mobil Corp due to sanctions, an industry source said. Oil output from Russia’s Sakhalin-1 project has recovered to 140,000-150,000 barrels per day (bpd), about 65% of the capacity …

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China will exempt VAT for small-scale taxpayers in 2023

BEIJING (Reuters) – Taxpayers with monthly sales of less than 100,000 yuan ($14,750) will be exempted from value-added tax (VAT) in 2023, China’s finance ministry said on Monday. ($1 = 6.7780 Chinese yuan renminbi) (Reporting by Hong Kong newsroom; Editing by Alex Richardson)

UK outlines electricity capacity market reforms, incentivising clean suppliers

LONDON (Reuters) – Britain announced new proposals on Monday aimed at avoiding electricity blackouts and incentivising greater investment in low carbon technologies. The so-called capacity market ensures there is reliable electricity supply to meet peaks in demand, safeguarding against the possibility of blackouts if intermittent sources such as those dependent on weather, are not generating …

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Roberto Martínez es nombrado nuevo seleccionador de Portugal

LISBOA, 9 ene (Reuters) – El exseleccionador belga Roberto Martínez ha sido nombrado nuevo entrenador de la selección nacional de Portugal, informó este lunes la Federación Portuguesa de Fútbol (FPF). “Aprecio el entusiasmo y la ambición con la que él (Martínez) recibió la invitación”, dijo el presidente de la FPF, Fernando Gomes, en una conferencia …

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El calor podría perjudicar a las cosechas ucranianas de cereales de invierno -analista

KIEV, 9 ene (Reuters) – Unas temperaturas inusualmente cálidas para diciembre y principios de enero podría tener un impacto negativo en las cosechas ucranianas de trigo de invierno y colza, lo que podría dar lugar a menores rendimientos, dijo el lunes la consultora APK-Inform, citando datos de una encuesta sobre cultivos. Ucrania ha reducido significativamente …

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