(Reuters) – The following are comments from key European Central Bank policymakers in the run up to the June 15 policy meeting. The ECB has already said that “more ground” needs to be covered, universally understood to mean that another rate hike is coming, but views on the outlook further out diverge. JOACHIM NAGEL, BUNDESBANK…
BEIJING (Reuters) -Vaccine maker Moderna Inc said on Friday it was looking for opportunities in China after confirming that it had registered a legal entity in the world’s second largest economy. The U.S. biotech firm registered a unit called Moderna (China) Biotech Ltd in Shanghai on May. 24 with capital of $100 million, according to…
By Laura Matthews NEW YORK (Reuters) -Some corporate treasurers are stepping up their contingency plans to address any upcoming funding and liquidity needs to get ahead of the risk of debt default as talks in Washington drag on, finance executives and advisors said. With the U.S. Treasury Department warning that the federal government could run…
(Reuters) – Global money market funds drew inflows for a fifth straight week in the seven days to May 24 as investors resorted to buying safer assets on caution with time running out for talks over raising the U.S. debt ceiling. According to Refinitiv Lipper data, global money market funds received about $17.67 billion worth…
By Victoria Klesty, Benjamin Mallet and America Hernandez (Reuters) – Pressure mounted on oil majors on Friday as Norway’s giant sovereign wealth fund said it would vote against CEOs at Chevron and Exxon and French police tackled climate protesters at TotalEnergies’ shareholders’ meeting. Together with peers BP and Shell, the companies face a vocal minority…
By Cecile Mantovani KUESNACHT, Switzerland (Reuters) – Well-wishers gathered outside the lakeside home of Tina Turner on Thursday to pay tribute to the music legend who had made Switzerland her home for nearly three decades. Flowers and cards lay outside the house in the picturesque town of Kuesnacht, on the shore of Lake Zurich, where…
By Can Sezer and Jonathan Spicer ISTANBUL (Reuters) – President Tayyip Erdogan has defied forecasts of his political demise in Turkey’s elections, rallying voters with a potent mix of religious conservatism and nationalism that looks set to propel his rule into a third decade on Sunday. Though he has yet to clinch victory – Erdogan…
ROME (Reuters) – Italy’s second-largest bank UniCredit said on Friday it had entered into an enlarged payments partnership with Mastercard. The agreement covers 13 banks in 12 markets, totalling 20 million cards, and will help deliver payment innovation and enhanced digital experiences to customers, UniCredit said. “This is the first time any large commercial bank…
By MacDonald Dzirutwe and Libby George LAGOS (Reuters) – Nigeria’s incoming President Bola Tinubu will inherit anaemic economic growth, record debt and shrinking oil output, but before he can start fixing these pressing problems he will need to secure public support for painful decisions. Life is tough for citizens of Africa’s biggest economy, and a…
By Nandita Bose, Jarrett Renshaw and David Morgan WASHINGTON (Reuters) -U.S. President Joe Biden and top congressional Republican Kevin McCarthy are closing in on a deal that would raise the government’s $31.4 trillion debt ceiling for two years while capping spending on most items, a U.S. official told Reuters. The deal, which is not final,…
