FRANKFURT (Reuters) – Euro zone inflation could be lower in the coming years than previously expected but may stay above the European Central Bank’s 2% target further out, the bank’s Survey of Professional Forecasters showed on Friday. The ECB has raised rates at each of its past seven meetings and promised even more tightening to…
(Reuters) – Standing in a field of corpses, Russian mercenary boss Yevgeny Prigozhin on Friday published an expletive-ridden video personally blaming top defence chiefs for losses suffered by his Wagner Group fighters in Ukraine. Prigozhin’s tirade reignited and escalated a long-running feud with Defence Minister Sergei Shoigu and Chief of General Staff Valery Gerasimov, whom…
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rose, the dollar eased and gold hovered near record highs on Friday, as investors worried that a rout in shares of U.S. regional lenders earlier this week could herald more trouble for the banking sector. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.44% higher and…
LONDON (Reuters) – Fresh turbulence in U.S. banks and debt ceiling woes in Washington suggest recent stability in world markets will most certainly be put to the test in May. The latest U.S. and Chinese inflation numbers and a Bank of England interest rate decision are among the calendar highlights meanwhile. Here’s a look at…
By Jesús Aguado MADRID (Reuters) -Caixabank on Friday beat first-quarter net profit forecasts, helped by higher lending income, which the Spanish bank said would rise more than 30% in 2023 after raising its guidance, even as retail deposits dipped compared with December. Banks across Europe are benefiting from higher interest rates, and Caixabank’s net interest…
By Khalid Abdelaziz KHARTOUM (Reuters) – General Abdel Fattah al-Burhan pledged to take Sudan to civilian rule, but after going to war last month with his former partner in a military coup, that looks a distant promise. As his warplanes rain strikes on the capital and his troops battle the paramilitary Rapid Support Forces of…
HANOI (Reuters) – Vietnam’s central bank bought $4.9 billion from credit institutions in the first four months of this year to shore up its foreign exchange reserves, the investment minister said on Friday. Well-managed monetary policies and stable exchange rate have enabled the State Bank of Vietnam (SBV) to continue to buy foreign currency to…
By Alasdair Pal and Lucy Craymer SYDNEY/WELLINGTON (Reuters) – The leaders of Australia and New Zealand will pledge their allegiance to King Charles at his coronation in London on Saturday even though both are life-long republicans who do not shy away from making their positions clear. Australian Prime Minister Anthony Albanese and his New Zealand…
By Kane Wu HONG KONG (Reuters) – U.S. private equity firm Bain Capital is nearing the final close of its fifth and biggest Asia-focused fund after having raised around $6 billion from global investors, said two people with knowledge of the situation. The committed capital to the fund has exceeded the firm’s initial target of…
By Federica Mileo (Reuters) – Air France-KLM on Friday reported better-than-expected first-quarter revenue and robust cash flow as it benefited from a global recovery in air travel and strong summer ticket sales. The carrier’s revenue grew 42% year-on-year to 6.33 billion euros ($6.97 billion), just above the 6.30 billion euros expected on average by analysts…
