By Ivan Lyubysh-Kirdey NEAR BAKHMUT, Ukraine (Reuters) -The Ukrainian military and Russia’s Wagner private army both reported further Russian retreats around the city of Bakhmut on Thursday, as Kyiv pressed on with its biggest advance for six months ahead of a planned counteroffensive. Ukrainian troops near the front line said Russia was bombarding access roads…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said Friday the U.S. and other major economies are still in a fundamentally low-interest-rate world despite the impact of the coronavirus pandemic and the inflation surge arising from it. Speaking to a conference at the Federal Reserve in…
DAMASCUS/ATMEH, Syria (Reuters) – As some Syrians welcomed President Bashar al-Assad’s return to the Arab League on Friday, others expressed dismay that Arab states had welcomed back a leader they blame for death and destruction during 12 years of brutal civil war. The diverging views reflect deep splits in a nation shattered by the conflict…
MILAN (Reuters) -The European Central Bank is considering whether requirements tailored for individual lenders could help address the risks arising for those holding large amounts of uninsured deposits, a document showed. A paper ECB supervisors prepared for this week’s meeting of euro zone finance ministers said recent banking turmoil showed “increased attention needs to be…
May 19 (Reuters) – Canadian retail sales fell by 1.4% in March from February at C$65.29 billion ($48.83 billion), on lower sales at motor vehicles and parts dealers, as well as gasoline stations, Statistics Canada said on Friday. Sales were seen to rise by 0.2% in April, the agency said in a flash estimate. Sales…
(Reuters) – Global equity funds suffered outflows for a fifth straight week in the week to May 17, undermined by uncertainties over U.S. debt ceiling and concerns about global economy, with soft economic data coming out of the U.S. and China. According to Refinitiv Lipper data, global equity funds faced $8.72 billion worth of outflows…
(Reuters) – President Bashar al-Assad’s attendance at an Arab Summit in Saudi Arabia on Friday is the result of big policy shifts by Arab states that once backed his opponents in Syria’s civil war. Here is an overview of the policies of major Arab players towards Syria and Assad, and how they have changed: SAUDI…
TOKYO (Reuters) – Japanese automotive supplier Hitachi Astemo said on Friday it found misconduct over testing and other procedures for components had lasted as long as four decades, affecting a much wider range of plants and customers than previously disclosed. The comments come in the wake of news last month that Toyota affiliate Daihatsu rigged…
By Darya Korsunskaya and Alexander Marrow (Reuters) – As Russia’s military spending soars and sanctions squeeze its energy revenues, Moscow faces a battle to keep its budget deficit in check, with few economists now expecting the finance ministry to stick to its promise of a deficit no higher than 2% of GDP. Defence spending jumped…
By Diane Bartz WASHINGTON (Reuters) – The Federal Trade Commission (FTC) faces an uphill battle in its fight against Amgen Inc’s $27.8 billion acquisition of Horizon Therapeutics with an untested argument before a Trump-appointed judge, three antitrust experts said. Furthermore, the FTC’s complaint, unsealed late Tuesday, expresses concern about deals struck between drug companies that…
