By David Lawder KINGSTON, Jamaica (Reuters) – World Bank President Ajay Banga told Reuters that he will “push” the lender’s balance sheet hard to help fight climate change and other crises, but this may only yield tens of billions of dollars in additional annual lending, not the hundreds of billions hoped for by some. Banga…
(Reuters) – A look at the day ahead in U.S. and global markets from Harry Robertson. There’s only one show in town today: Jerome Powell’s mystery monetary tour. Powell’s Federal Reserve is embarking on something of a new era: instead of the strong “forward guidance” that has steered markets in recent years, officials have said…
By Joice Alves LONDON (Reuters) -Shares of Ladbrokes owner Entain fell to the bottom of the London blue-chip index on Wednesday after the company announced it was buying Poland-based sports betting operator STS Holdings. Entain shares fell 10.5% to their lowest since March 29, in their biggest daily decline in four months as analysts picked…
By Ahmad Ghaddar LONDON(Reuters) – Oil prices rose on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s June meeting after bullish oil demand growth forecasts from the International Energy Agency (IEA) and OPEC. Brent crude futures were up 76 cents, or 1%, at $75.05 a barrel by 0916 GMT. U.S. West Texas…
MOSCOW (Reuters) -Russia’s dominant lender on Wednesday said individuals could now open accounts in Indian rupees, expanding the range of foreign currencies available as Moscow strives to reduce dependency on the U.S. dollar and euro. “As Sberbank has highlighted, the bank supports the trend of de-dollarisation and constantly increases the number of foreign currencies available…
JOHANNESBURG (Reuters) – South African business confidence fell slightly in May, with lower trade volumes, fewer tourists and a weaker rand exchange rate weighing on sentiment, data showed on Wednesday. The South African Chamber of Commerce and Industry (SACCI) business confidence index dropped to 106.9 in May from 107.1 in April. SACCI said in a…
By Katherine Masters NEW YORK (Reuters) – A bipartisan group of U.S. lawmakers planned to introduce a bill on Wednesday to eliminate a tariff exemption widely used by e-commerce sellers to send orders from China to U.S. shoppers, one of the sponsors said. The exception, known as the de minimis rule, exempts imports valued at…
By Tim Reid, Nathan Layne and Gram Slattery (Reuters) -For decades U.S. Republicans have proudly claimed to be the party of law and order. But the indictment of former President Donald Trump by federal prosecutors over the alleged mishandling of classified documents has led to nearly all of his Republican rivals for the party’s White…
BRUSSELS (Reuters) – Euro zone industrial production rebounded more than expected in April after a slump in March, as a surge in the output of capital goods such as buildings and equipment offset reduced production of consumer goods, data showed on Wednesday. Industrial production in the 20 countries sharing the euro rose 1.0% month-on-month in…
By Ahmed Kingimi MAIDUGURI, Nigeria (Reuters) – The death toll from an overloaded boat that capsized in a remote part of Nigeria’s north central region has risen to more than 100, police and officials said on Wednesday, in one of the worst such disasters in recent years. The wooden boat was ferrying people to Kwara…
