Audit finds holes in ECB’s management of bank credit risk
FRANKFURT (Reuters) – European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especially…
May 2023
Hollywood writers try to strike a love match while picketing
By Rollo Ross and Danielle Broadway BURBANK, California (Reuters) – As striking Hollywood writers protest working conditions, some are seeking…
UK’s THG shares dive 20% as another suitor bites the dust
By Yadarisa Shabong (Reuters) -British online retail platform THG Plc ended talks with Apollo Global Management on Friday, saying there…
GSK sells partial stake in spin-off firm Haleon at discount
(Reuters) -British drugmaker GSK on Friday said it sold 240 million shares in its consumer healthcare business Haleon at 335…
JP Morgan now expects S.Africa 2023 GDP decline on deeper power cuts
(Reuters) – JPMorgan in a research note on Friday said it now forecast a 0.2% decline in South Africa’s 2023…
Fed’s Bowman: more policy tightening likely appropriate
(Reuters) – The U.S. Federal Reserve will probably need to raise interest rates further if inflation stays high, Fed Governor…
Fed’s Bowman calls for external review of Silicon Valley Bank oversight
By Pete Schroeder WASHINGTON (Reuters) – Federal Reserve Governor Michelle Bowman said Friday that the central bank should hire an…
Indonesia’s April trade surplus seen increasing to $3.38 billion- Reuters poll
JAKARTA (Reuters) – Indonesia’s April trade surplus was seen increasing from the previous month, with imports softening due to less…
Malaysian central bank upbeat despite external slowdown
By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s economy grew faster than expected in the first quarter buoyed by firm domestic…
Erdogan rival accuses Russia of ‘deep fake’ campaign ahead of presidential vote
ISTANBUL (Reuters) – Kemal Kilicdaroglu, the main election rival of Turkish President Tayyip Erdogan, issued a warning to Russia, accusing…