Bondholders to Push Ukraine to Resume Debt Payments After Hiatus

After Russian troops stormed into the country two years ago, Ukraine's lenders said Kyiv could wait to pay them back. Now, their patience is starting to run out. 


 
Westpac's First-Half Profit Falls, Lifts Buyback

The Australian bank said its first-half net profit fell by 16%, but it would return more capital to shareholders through an increased dividend and bigger share buyback. 


 
Largest U.S. Pension Sold Verizon, Disney, and Peloton Stock. It Bought Moderna.

Calpers slashed investments in Verizon, Disney, and Peloton stock, and doubled down on Moderna shares in the first quarter. 


 
Investors Were Burned by European Banks for Years-Until Now

After years in the doldrums, European banks have cleaned up their balance sheets. The result: Stock prices have surged. 


 
Texas Ban on 'Woke' Banks Opens Door for Smaller Firms

The political conflict over socially conscious finance has Wall Street heavyweights pulling back in Texas, the nation's top issuer of state and local debt, with $42 billion last year. 


 
Societe Generale Shares Climb on Above-Forecast First Quarter

Societe Generale's results were better than expected at the revenue and underlying profit levels and showed early recovery signs in French retail banking, analysts said. 


 
HSBC's Green Credentials Come Under Fresh Scrutiny

Activist shareholders are pressing the Asia-focused bank to clarify plans to spend up to $1 trillion on sustainable finance in the coming years. 


 
Credit Agricole to Meet Targets Early

Credit Agricole posted a rise in first-quarter earnings that beat expectations on revenue growth across all its businesses and said it would reach its medium-term targets by the end of this year. 


 
Danske Bank Outlook on Track as Demand Sustained

Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality. 


 
Coinbase Blows Past First-Quarter Earnings Estimates. Bitcoin's Boom Bolstered Profits.

Recent euphoria around Bitcoin's acceptance by major institutions probably provided a boost to the company this year, but major threats to its business remain.


(END) Dow Jones Newswires

05-06-24 0015ET