By Aftab Ahmed and Sarita Chaganti Singh BENGALURU (Reuters) -There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies should be an option. India’s G20 presidency comes at a time when its South…
By Orathai Sriring and Satawasin Staporncharnchai BANGKOK (Reuters) – Thailand’s economy is expected to grow 3.8% this year, helped by a rebound in the vital tourism sector, while inflation should cool to its target range, the finance minister said on Saturday. Domestic spending has increased and the government will accelerate large project investment to help…
(Reuters) – Stellantis CEO Carlos Tavares’ 2022 pay fell 14% to 14.9 million euros ($15.71 million), the maker of Fiat, Ram and Peugeot vehicles said in a filing on Friday. Tavares did not receive a retention bonus in 2022, compared with a bonus of about 2 million euros in 2021, the filing showed. Stellantis reported…
(Reuters) – BlackRock Inc said it was cooperating with a U.S. Securities and Exchange Commission investigation into record keeping of electronic communications of its investment advisers, according to a filing on Friday. The asset manager is the latest in a list of financial firms under the regulator’s scrutiny. Earlier this week, Wells Fargo said U.S….
By Ross Kerber BOSTON (Reuters) – Tesla Inc investor Ross Gerber said on Friday he will end his run for the electric carmaker’s board of directors, citing changes investors can expect to see next week. Gerber said in a telephone interview that he decided to withdraw after Martin Viecha, Tesla’s investor relations chief, told him…
WASHINGTON (Reuters) -The U.S. government said on Friday it was formally ending its effort to stop Facebook parent Meta Platforms Inc from buying virtual reality (VR) content maker Within Unlimited. The Federal Trade Commission (FTC), which lost a fight in court to block the acquisition, said in a filing that it has decided to formally…
(Reuters) -Goldman Sachs Group Inc is expecting to incur $2.3 billion more in potential losses from legal proceedings than the reserves it had set aside for such matters last year, a regulatory filing by the investment bank showed on Friday. That was in line with what the bank had estimated at the end of its…
By Michael S. Derby and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) -Expectations that the Federal Reserve will need to push interest rates higher and keep them elevated longer than previously projected rose on Friday after data showed a key inflation gauge accelerated last month. Even so, Fed policymakers speaking Friday did not push for a…
WASHINGTON (Reuters) -The World Bank on Friday announced $2.5 billion in additional grant financing from the U.S. Agency for International Development (USAID )to support Ukraine’s budget and maintain essential services. The latest financing under the World Bank’s Public Expenditures for Administrative Capacity Endurance in Ukraine(PEACE) project lifts the total to $20.6 billion and will support…
WASHINGTON (Reuters) – The World Bank on Friday announced $2.5 billion in additional grant financing for Ukraine to support the country’s budget and to maintain essential services amid the Russian invasion. “The funds, provided by the United States Agency for International Development (USAID), will be transmitted to the government of Ukraine after appropriate verification of…
