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Ukraine offers bond swap on $3.2 billion GDP warrants in bid to emerge from default

By Karin Strohecker LONDON, Dec 1 (Reuters) - Ukraine launched an offer to investors to swap $3.2 billion of complex and costly GDP warrants for international bonds on Monday, the government said, as it attempts to clear a major remaining hurdle in its push to ...
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Shopify down for thousands of users on Cyber Monday

Dec 1 (Reuters) - Thousands of Shopify users encountered issues related to logging in on the online shopping platform, impacting customers and several small businesses on Cyber Monday. The platform is investigating an issue that peaked around 11 AM, with users reporting problems, as reported ...
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US LNG exports hit record high in November on cooler weather, strong output

By Curtis Williams HOUSTON, Dec 1 (Reuters) - U.S. liquefied natural gas exports hit an all-time monthly high in November for the second straight month, driven by cooler weather and robust output from the country's two largest producers, preliminary data from financial firm LSEG showed ...
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Starbucks to pay about $35M to NYC workers to settle claims it violated labor law

NEW YORK (AP) - Starbucks will pay about $35 million to more than 15,000 New York City workers to settle claims it denied them stable schedules and arbitrarily cut their hours, city officials announced Monday. The company will also pay $3.4 million in civil penalties ...
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Bitcoin dips below $85,000 in cryptocurrency rout

Bitcoin and companies tied to cryptocurrencies extended a nearly two-month swoon Monday, tracking with a broader market sell-off in technology companies that many see as overvalued. Bitcoin, which soared to a record $126,210.50 on Oct. 6 according to crypto trading platform Coinbase, slid 11.8% to ...
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New York advances casinos at a Bronx golf course and near Mets stadium

NEW YORK (AP) - Casinos proposed for a golf course in the Bronx and next to the New York Mets' ballpark are poised to cash in on a lucrative state gambling license for the New York City area. The two proposals were recommended for licensing ...
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Blackstone mulls abandoning bid for UK’s Big Yellow Group, Sky News reports

Dec 1 (Reuters) - Blackstone is "seriously contemplating" abandoning its bid for British self-storage company Big Yellow Group ahead of the upcoming deadline for a firm offer, Sky News reported on Monday, citing sources familiar with the matter. Shares of Big Yellow fell 4.8% in ...
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Gunvor managers buy out CEO Tornqvist as company seeks ‘definitive reset’

By Robert Harvey and Shariq Khan LONDON, Dec 1 (Reuters) - Global commodity trading house Gunvor's CEO Torbjorn Tornqvist will step down and sell his shareholding in a management buyout, weeks after the U.S. dubbed the firm the "Kremlin's puppet" over its past Russian links. The ...
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Sharpie maker Newell Brands to cut 900 jobs, take up to $90 million charges

Dec 1 (Reuters) - Newell Brands will cut 900 jobs, or 3.8% of its global workforce, and take up to $90 million in restructuring charges, the Sharpie maker said on Monday. The company will also close about 20 Yankee Candle stores in the U.S. and ...
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Thyssenkrupp, workers agree on job cuts in steel division

Dec 1 (Reuters) - Thyssenkrupp Steel Europe said on Monday it had agreed with union IG Metall to cut or outsource about 11,000 jobs, or 40% of its workforce, and reduce production capacity to a shipping level of 8.7 million to 9 million tons ...
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JPMorgan doubles Swiss business by targeting wealthy clients

By Oliver Hirt ZURICH, Dec 1 (Reuters) - JPMorgan doubled its Swiss domestic private banking business between 2020 and 2024 and aims to do so again by 2030 as it targets the country's wealthiest people, a senior executive at the U.S. bank said. "Our ambition as ...
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IAG’s Iberia extends flight Venezuela suspension through December

MADRID, Dec 1 (Reuters) - Spanish carrier Iberia on Monday extended the suspension of its flights to Venezuela until December 31, citing a recommendation from Spain's aviation safety agency AESA, as tensions between Caracas and Washington continue to roil commercial aviation. The decision comes days ...
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