WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said banks are likely to tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve rate hikes, according to a CNN interview transcript released on Saturday. Yellen said in the “Fareed Zakaria GPS” interview that policy actions to stem…
WASHINGTON (Reuters) – A Chinese spy balloon that was shot down by the U.S. in February carried solar panels that could generate enough electricity to power a type of radar that can generate images at night and through clouds, the Washington Post reported on Saturday, citing leaked U.S. intelligence documents. The balloon’s surveillance capabilities were…
By Jorgelina do Rosario and Rodrigo Campos WASHINGTON/NEW YORK (Reuters) – Zambia last week gave its bondholders a “concrete proposal” for the restructuring of some $3 billion in eurobonds, the ministry of finance and national planning said on Friday. “We continue to engage actively with our bondholders and proposals are being exchanged,” the ministry told…
By Kai Pfaffenbach SLOVIANSK, Ukraine (Reuters) – Russian missiles hit residential buildings in the eastern Ukrainian city of Sloviansk on Friday, killing 11 people, wounding 21 and reducing parts of apartment blocks to a tangled mess of metal and concrete. Eleven people were killed and 21 wounded, Ukrainian public braodcaster Suspilne reported on Saturday, citing…
(Reuters) – Peru’s gross domestic product (GDP) shrunk 0.63% in February compared with the same month last year, the government’s INEI statistics agency said on Saturday, beating expectations by analysts who forecast a bigger decline. It was a second successive month of decline after the economy began to contract in January following 22 months of…
By Joe Bavier WASHINGTON (Reuters) – Africa is struggling with the triple shock of rising debt burdens, an ongoing food crisis and climate change fallout and needs more help from international institutions and wealthy nations to cope, African finance ministers said on Saturday. Developing African economies were only beginning to recover from the COVID-19 pandemic…
By Jorgelina do Rosario and Rodrigo Campos WASHINGTON (Reuters) -A committee of Sri Lanka’s international private creditors sent its first debt rework proposal to the country’s authorities regarding over $12 billion in bonds outstanding, according to three sources with direct knowledge of the matter. It is the first bondholder proposal after the island-nation of 22…
(Reuters) – Rovio Entertainment, the company behind the mobile game Angry Birds, confirmed on Saturday that it is in talks with Japan’s Sega Sammy Holdings Inc over a possible tender offer. Rovio announced the start of a strategic review and preliminary non-binding discussions regarding a potential tender offer for its shares in February, a statement…
PARIS (Reuters) -French President Emmanuel Macron on Saturday signed into law a deeply unpopular bill to raise the state pension age, infuriating unions that called for months of mass protests to continue. The proclamation of the law in the government’s official journal came hours after France’s Constitutional Council had approved the main pension-age increase in…
By Humeyra Pamuk HANOI (Reuters) -Vietnamese Prime Minister Pham Minh Chinh and U.S. Secretary of State Antony Blinken on Saturday expressed a desire to deepen their ties as Washington seeks to solidify alliances to counter an increasingly assertive China. In his first visit to the southeast Asian country as the top U.S. diplomat, Blinken…
