By Max Hunder KYIV (Reuters) -Ukraine barred its national sports teams from competing in Olympic, non-Olympic and Paralympic events which include competitors from Russia and Belarus, the sports ministry said in a decree on Friday. Ukraine’s deputy sports minister, who signed off on the move, told Reuters in an interview that it was a “bad…
By Humeyra Pamuk, Francesco Guarascio and David Brunnstrom HANOI (Reuters) – U.S. Secretary of State Antony Blinken arrived in Vietnam on Friday hoping for progress towards upgrading relations with a key trade partner that shares U.S. worries about China’s growing might. For Hanoi, it will be a delicate test: how to show openness to the…
(Fixes typo in first paragraph) By Joice Alves LONDON (Reuters) – European banks surged on Friday, rising to a one-month high, gaining support from U.S. lenders, which reported better-than-expected results in the first quarter. The STOXX 600 index of European banks gained as much as 3% to reach its highest since mid-March after JPMorgan, Citigroup…
WASHINGTON (Reuters) – The leak of classified information was a “deliberate, criminal act,” the Pentagon said on Thursday. Pentagon spokesman Brigadier General Pat Ryder referred questions about the investigation to the Department of Justice. Ryder added the Pentagon had taken steps to review distribution lists and ensure that people receiving information had a need to…
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that the International Monetary Fund has adequate resources to deal with global financing challenges but needs to follow through with “fair and simple” shareholding reforms that reflect the economic size of its member countries. Yellen also said in a statement to the IMF’s steering…
By Lawrence White LONDON (Reuters) -HSBC’s planned sale of its French retail banking business to Cerberus-backed My Money Group could fail due to interest rate hikes in France that boosted the amount of capital the buyer will need, the British bank said on Friday. The potential failure of the deal would undo one of HSBC’s…
By Joe Bavier WASHINGTON (Reuters) -Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, is disrupting economic growth and endangering its long-term development, the International Monetary Fund’s (IMF) top official for the region said. Sub-Saharan Africa was only beginning to recover from the COVID-19 pandemic’s economic fallout…
WASHINGTON (Reuters) – U.S. business inventories rose moderately in February, suggesting that inventory investment could subtract from economic growth in the first quarter. Business inventories increased 0.2% after falling 0.2% in January, the Commerce Department said on Friday. Economists polled by Reuters had expected inventories, a key component of gross domestic product, to rise 0.3%….
(Reuters) -Digital media conglomerate Starboard said on Friday it has bought Parler for an undisclosed sum and will temporarily shut down the social media app popular with U.S. conservatives to give itself time to roll out a revamped version of the platform. The move comes months after the collapse of a deal that would have…
(This April 13 story has been corrected to fix the year of the last dollar bond issuance to 2022, not 2019) By Joe Bavier and Jorgelina do Rosario WASHINGTON (Reuters) – Angola’s next sovereign debt issuance will be an ESG bond of up to $1 billion, its finance minister told Reuters on Thursday, but she…
