2022

By Andrea Shalal and Cassandra Garrison WASHINGTON (Reuters) -The Inter-American Development Bank’s board of directors voted unanimously on Thursday to recommend firing President Mauricio Claver-Carone after an independent ethics investigation found misconduct, three sources familiar with the vote said. The recommendation throws the final decision regarding Latin America’s largest development bank to its senior-most body,…

By Andrea Shalal WASHINGTON (Reuters) – The Inter-American Development Bank’s (IDB) board of directors voted unanimously on Thursday to recommend the removal of President Mauricio Claver-Carone following an independent ethics investigation, two sources familiar with the vote said. The IDB’s seniormost governing board will make a final decision within the next week on the removal…

By Jane Lanhee Lee and Akash Sriram (Reuters) -U.S. chip designer Qualcomm Inc on Thursday said its automotive business “pipeline” increased to $30 billion, up more than $10 billion since its third quarter results were announced in late July. The jump in future business was thanks to its Snapdragon Digital Chassis product used by car…

(Updates Trenchev’s estimate for unsecured lending) By Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) -On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan. Three Arrows had just taken a…

By Gertrude Chavez-Dreyfuss and Alun John NEW YORK/LONDON (Reuters) – The Japanese yen soared across the board on Thursday after monetary authorities intervened in the foreign exchange market to boost the battered currency for the first time since 1998, although analysts said Japan may struggle to keep the yen strong. The dollar was last down…

By Leika Kihara and Daniel Leussink TOKYO (Reuters) – Japan intervened in the foreign exchange market on Thursday to buy yen for the first time since 1998, in an attempt to shore up the battered currency after the Bank of Japan stuck with ultra-low interest rates. The move, which occurred in late Asia hours, saw…

LUXEMBOURG (Reuters) – Euro zone inflation is set to go higher and price growth is likely to be more persistent than earlier thought, European Central Bank board member Isabel Schnabel said on Thursday, defending the ECB’s plans to raise interest rates further. The ECB has lifted rates by a combined 125 basis points over its…

By Laura Sanicola (Reuters) -Oil rose on Thursday in volatile trading focused on Russian oil supply concerns and as the Bank of England hiked interest rates less than some had expected. Brent crude futures were up 75 cents, or 0.8%, at$90.58 per barrel by 12:17 p.m. EDT (1617 GMT), after rising by more than $2…