By Pavel Polityuk and Sarah Marsh KYIV/BERLIN (Reuters) -Ukrainian President Volodymyr Zelenskiy said on Sunday Kyiv and its allies could make a Russian defeat “irreversible” as early as this year as he secured a bumper new military package on a trip to Germany. The visit formed part of a whirlwind weekend tour of several key…
MANILA (Reuters) – The Philippine central bank has no reason to raise interest rates further as domestic inflation is easing, the country’s finance minister said ahead of a May 18 monetary policy meeting. Finance Secretary Benjamin Diokno reiterated his stance against a rate hike when he spoke to reporters. But he said he was just…
By Nidal al-Mughrabi and Dan Williams GAZA/JERUSALEM (Reuters) -Life on both sides of the Gaza Strip border began returning to normal on Sunday after an Egyptian-mediated ceasefire halted five days of fighting between Israel and Islamic Jihad, which killed 34 Palestinians and an Israeli. Israel reopened its goods and commercial border crossings, allowing fuel to…
By Jorge Otaola and Maximilian Heath BUENOS AIRES (Reuters) -Argentina’s government announced a package of measures to rein in soaring inflation and support the wobbly peso currency on Sunday, including rate adjustments, more interventions in the exchange market and expedited deals with creditors. The measures include an interest rate hike by the central bank,…
By Jorge Otaola and Maximilian Heath BUENOS AIRES (Reuters) – Argentina’s government announced a package of measures to rein in soaring inflation and support the wobbly peso currency on Sunday, including rate adjustments, more interventions in the exchange market and expedited deals with creditors. The measures include an interest rate hike from the country’s…
WASHINGTON (Reuters) – U.S. border patrol agents have seen a 50% drop in the number of migrants crossing the border since the pandemic-era immigration policy known as Title 42 expired at midnight on Thursday, Homeland Security Secretary Alejandro Mayorkas said on CNN’s “State of the Union” program on Sunday. “Over the past two days, the…
By Fergal Smith TORONTO (Reuters) – Signs of recovery in Canada’s housing market after a year-long slump, just as higher borrowing costs are expected to slow much of the rest of the economy, could raise inflation and delay a shift by the central bank to interest rate cuts, analysts said. The housing market’s upturn comes…
By Fergal Smith TORONTO (Reuters) – Signs of recovery in Canada’s housing market after a year-long slump, just as higher borrowing costs are expected to slow much of the rest of the economy, could raise inflation and delay a shift by the central bank to interest rate cuts, analysts said. The housing market’s upturn comes…
By Lewis Krauskopf NEW YORK (Reuters) -A U.S. stocks rally is leaving behind smaller companies, a sign that investors may be bracing for economic turmoil ahead. The small-cap Russell 2000 is down about 1% this year, compared to a rally that has boosted the S&P 500, an index representing the largest U.S. companies, 7% year-to-date….
By Jonathan Spicer ISTANBUL (Reuters) -If Turks oust President Tayyip Erdogan in elections this month it will largely be because of an economic reversal that saw their prosperity, equality and ability to meet basic needs start to tumble midway through his two-decade reign. The May 14 vote, which lands during the Turkish Republic’s centenary year,…
