By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – In a sign of confidence that the worst of Sri Lanka’s financial crisis is over, its central bank surprised markets by cutting interest rates for the first time in three years on Thursday, signalling a change of course to fuel a rebound in the economy. The…
BOGOTA (Reuters) – Colombia’s current account deficit shrank 36.3% in the first quarter compared with the same period last year, to $3.42 billion, the central bank said on Thursday, due to a reduced trade imbalance. The deficit was $5.37 billion between January and March 2022. The deficit is a broad measure of transactions between the…
(Reuters) – Federal Reserve emergency lending to banks edged down in the latest week, driven by a decline in “other credit” to government wind-downs of failed banks, to $188.1 billion on Wednesday from $192.6 billion a week earlier, according to Fed data released on Thursday. Loans from the U.S. central bank’s discount window also ticked…
By Doyinsola Oladipo NEW YORK (Reuters) – Airbnb Inc on Thursday filed a lawsuit against New York City over a new law it called a “de facto ban” against short-term rentals set to go into effect in July, which the company says will limit the number of people who can host rentals in the city….
By Doyinsola Oladipo NEW YORK (Reuters) – Airbnb Inc on Thursday filed a lawsuit against New York City over a new law it called a “de facto ban” against short-term rentals set to go into effect in July, which the company says will limit the number of people who can host rentals in the city….
By Chibuike Oguh NEW YORK (Reuters) – Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as data reflected a cooling labor market that reduces the possibility of an interest rate hike by the Federal Reserve.A bill that suspends…
By Eliana Raszewski BUENOS AIRES (Reuters) -In a bid to safeguard its dwindling hard currency reserves, Argentina’s central bank issued a new regulation on Thursday to require provinces with foreign currency debt to obtain their own financing for 60% of capital repayments. Argentina has 23 local governments known as provinces. The new regulation aims to…
(Reuters) – The United States has called for a U.N. Security Council meeting on Friday to discuss North Korea’s attempted satellite launch this week, the spokesperson for the U.S. mission to the United Nations said. The launch on Wednesday was an attempt by North Korea to put its first spy satellite into space, but it…
By Andrew Gray and John Irish BULBOACA, Moldova (Reuters) – The presidents of Kosovo and Serbia held talks on Thursday on resolving a political crisis that has spiralled into violence, with the leaders of France and Germany pressing them to take swift steps to reduce tensions. Kosovo’s Vjosa Osmani and Serbia’s Aleksandar Vucic met briefly…
By Marie Mannes STOCKHOLM (Reuters) – IKEA stores owner Ingka group has announced the official start of work on its delayed first store in New Zealand, which it predicts will be followed by other outlets as the Asia-Pacific region recovers from the COVID-19 pandemic and macro-economic shocks. In a filing in 2022 the company referred…
