FRANKFURT (Reuters) -The European Central Bank’s (ECB) chief economist on Tuesday backed a further interest rate increase at the ECB’s next meeting but said its size would depend on incoming data, especially a survey of euro zone banks. The ECB is expected to raise rates for a seventh straight meeting on May 4 in a…
DAMASCUS (Reuters) -Syrian President Bashar al-Assad received Saudi Foreign Minister Prince Faisal bin Farhan in Damascus on Tuesday in the most significant step yet towards ending Syria’s decade-long regional isolation, and at a time of wider rapprochement in the region. It was the first visit of a top diplomat from Arab powerhouse Saudi Arabia to…
By Bhanvi Satija and Manas Mishra (Reuters) – Johnson & Johnson on Tuesday cautioned investors over the lingering impact of inflation-driven costs this year as the healthcare conglomerate issued a conservative full-year profit forecast, and its shares fell more than 2%. J&J also said it expected a steep decline in sales of its blockbuster Crohn’s…
By Huw Jones (Reuters) -The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into an ailing bank, as Italy did with Monte dei Paschi di Siena six years ago. Proposals from the EU’s executive seek to ensure that banks hold enough resources, in particular debt that…
By Huw Jones (Reuters) -The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into an ailing bank, as Italy did with Monte dei Paschi di Siena six years ago. Proposals from the EU’s executive seek to ensure that banks hold enough resources, in particular debt that…
WASHINGTON (Reuters) – U.S. Senate Republicans will block Democrats’ plans to temporarily replace Senator Dianne Feinstein on the committee that approves federal judges, the chamber’s top Republican, Mitch McConnell, said on Tuesday. That would make it harder for Democrats to confirm President Joe Biden’s appointments to the federal judiciary until Feinstein, 89, returns to the…
By Phil Stewart WASHINGTON (Reuters) – Britain on Tuesday played down the impact from the leaks of highly classified U.S. intelligence documents online, saying some of the information being circulated from them was untrue and manipulated, without offering specific examples. A 21-year-old member of the U.S. Air National Guard accused of leaking top secret military…
By Maggie Fick BARCELONA (Reuters) – AstraZeneca is confident that its new version of COVID-19 antibody treatment could protect immunocompromised patients against all known virus variants, its vaccines head said. Laboratory studies show the antibody, called AZD3152, neutralizes all known variants of COVID-19 and AstraZeneca has support from regulators to make the treatment available by…
(Reuters) – Despite the second- and third-largest bank failures in U.S. history last month, the U.S. Federal Deposit Insurance Corporation remains on track to refill its deposit insurance fund ahead of a 2028 legal deadline, the head of the agency said Tuesday. At a public meeting of the Federal Deposit Insurance Corporation, Chairman Martin Gruenberg…
SHANGHAI (Reuters) -Global automakers, including Toyota and Volkswagen, took the stage at the Shanghai auto show on Tuesday with built-for-China and electric-drive products to compete for a high-stakes comeback in the world’s largest market. But after a year when trends have shifted sharply against the established foreign brands that once dominated in China, executives from…
