LONDON (Reuters) -There’s no shortage of events, data and high drama for markets in the days ahead. Wrangling over the debt ceiling in Washington continues, Greek voters head to the polls and data from the United States to China and Europe could show just how quickly inflation and economic growth are easing. Here’s a look…
By Yantoultra Ngui SINGAPORE (Reuters) – Malaysian tycoon Syed Mokhtar Al-Bukhary is looking at bringing in an investor into MMC Port Holdings – a deal that could value the country’s biggest port operator at more than 12 billion ringgit ($2.7 billion), two people with knowledge of the matter said. His conglomerate MMC Corp may sell…
BUCHAREST (Reuters) – Romanian teachers went on strike over pay on Monday for the first time since 2005 after last-minute negotiations with the coalition government failed. A new teacher in Romania takes home just under 2,400 lei ($537) per month, not much more than half the national average monthly take-home pay of 4,554 lei ($1,019)….
By Iain Withers and Amy-Jo Crowley LONDON (Reuters) -British state-backed bank NatWest has agreed to buy 1.3 billion pounds ($1.6 billion) worth of its shares back from the government, as it edges closer towards private ownership 15 years after it was bailed out in the global financial crisis. The deal will reduce the government’s stake…
By Iain Withers and Amy-Jo Crowley LONDON (Reuters) -British state-backed bank NatWest has agreed to buy 1.3 billion pounds ($1.6 billion) worth of its shares back from the government, as it edges closer towards private ownership 15 years after it was bailed out in the global financial crisis. The deal will reduce the government’s stake…
By Liz Lee and Satoshi Sugiyama BEIJING/TOKYO (Reuters) -State-backed Chinese mouthpiece Global Times called the G7 an “anti-China workshop” on Monday, after Beijing summoned Japan’s envoy and berated Britain in a fiery response to statements issued at the weekend G7 summit in Hiroshima. A joint communique issued on Saturday singled out China on issues from…
MUMBAI (Reuters) -India’s economy could see risks to growth and inflation due to challenges in the country’s external sector and weather-related uncertainties, but domestic demand remains strong, the finance ministry said on Monday. “Going forward, several factors, such as weaker-than-expected oil supply, higher-than-anticipated demand from China, intensification of geo-political tension and unfavourable weather conditions,” may…
(Reuters) -Credit Suisse AG staff are preparing to sue the Swiss financial regulator over $400 million of bonuses that were canceled after the troubled lender’s rescue by UBS Group AG, the Financial Times reported on Monday. Quinn Emanuel and Pallas, law firms which are already suing Swiss regulator Finma on behalf of investors who owned…
By Stella Qiu and Rae Wee SYDNEY/SINGAPORE (Reuters) – European shares were off to a cautious start on Monday while Wall Street futures struggled, with traders left on edge as U.S. debt ceiling negotiations approached crunch time after stalling last week. U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss…
KYIV (Reuters) -Ukraine said on Sunday that its forces were still advancing around the edges of Bakhmut, aiming to encircle the ruined eastern city after Moscow congratulated the Wagner private army and Russian troops for capturing it. Russia said on Saturday it had completely taken Bakhmut, which, if confirmed, would mark an end to the…
