By Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will hold its key interest rate steady this year despite an expected recession, according to a Reuters poll of economists, who also said the risk of a U.S. default over the debt ceiling was higher compared to prior stand-offs. Those concerns, along with failures of…
MOSCOW (Reuters) – Russia’s central bank on Wednesday said price pressure was gradually intensifying after a period of restrained price growth in the second half of last year, and that annual inflation would start picking up again this month. Double-digit annual inflation hit Russia last year soon after it sent its armed forces into Ukraine…
By Sarah N. Lynch WASHINGTON (Reuters) -Rachael Rollins, the top federal prosecutor in Massachusetts, improperly used her U.S. Justice Department position to meddle in a local district attorney election by leaking to newspapers dirt about a political rival – one of many ethics violations cited in two reports by government investigators on Wednesday. The reports…
SAO PAULO (Reuters) – Brazil’s antitrust regulator Cade on Wednesday recommended the approval of the sale of Natura & Co’s Aesop brand to French cosmetics company L’Oreal, according to the country’s daily gazette. Last month, L’Oreal agreed to buy Australian luxury brand Aesop from Natura for an enterprise value of $2.53 billion. Under the regulator’s…
SAO PAULO (Reuters) – Brazil’s antitrust regulator Cade on Wednesday recommended the approval of the sale of Natura & Co’s Aesop brand to French cosmetics company L’Oreal, according to the country’s daily gazette. Last month, L’Oreal agreed to buy Australian luxury brand Aesop from Natura for an enterprise value of $2.53 billion. Under the regulator’s…
By Huseyin Hayatsever and Michelle Nichols ANKARA/UNITED NATIONS (Reuters) -The Ukraine Black Sea grain deal has been extended for two more months, in what U.N. Secretary-General Antonio Guterres hailed as “good news for the world,” a day before Russia could have quit the pact over obstacles to its grain and fertiliser exports. Turkish President Tayyip…
By Stefania Spezzati, Paritosh Bansal and America Hernandez (Reuters) – Qatar’s sovereign wealth fund, Credit Suisse’s second-largest investor, has explored seeking redress for losses incurred by the bank’s takeover, two people familiar with the matter said, as legal challenges to Switzerland’s state-backed rescue mount. The Qatar Investment Authority (QIA) sought legal advice on whether it…
By Foo Yun Chee and Padraic Halpin (Reuters) – Meta Platforms Inc is set to face a record European Union privacy fine related to data transfer of Facebook’s EU users to U.S. servers for failing to comply with a warning by a top EU court, two sources familiar with the matter said. The penalty will…
ZURICH (Reuters) – Credit Suisse’s collapse and its takeover by UBS will be investigated by a parliamentary commission (PUK), the office of Switzerland’s upper house of parliament said on Wednesday. The move comes after two sub-committees supported a deeper investigation into how the government, Swiss central bank and financial market regulator acted in the run…
ZURICH (Reuters) – Credit Suisse’s collapse and its takeover by UBS will be investigated by a parliamentary commission (PUK), the office of Switzerland’s upper house of parliament said on Wednesday. The move comes after two sub-committees supported a deeper investigation into how the government, Swiss central bank and financial market regulator acted in the run…
