PARIS (Reuters) – Six people remained in a critical condition and one person was believed still missing on Thursday, one day after a blast ripped through a street near Paris’ historic Latin Quarter, the city’s public prosecution office said. “These figures may still change,” prosecutor Maylis De Roeck told Reuters in a text message, adding…
A look at the day ahead in U.S. and global markets from Mike Dolan Even if investors sense light at the end of the tunnel, Western central banks are clearly not finished tightening credit just yet – certainly not in ‘inflation outlier’ Britain. Federal Reserve chair Jerome Powell threw more cold water on hopes for…
MOSCOW (Reuters) – A Russian court on Thursday rejected U.S. reporter Evan Gershkovich’s appeal against his pre-trial detention on charges of espionage that he denies, a Reuters reporter at the court said. Gershkovich, 31, was arrested in March and accused by the FSB security service of collecting military secrets in the Urals city of Yekaterinburg….
ZURICH (Reuters) – The Swiss National Bank will consider closely the size of UBS following the completion of its takeover of Credit Suisse, the central bank’s vice-chairman said on Thursday. “Of course because it is such a big bank it needs to have higher capital requirements,” Martin Schlegel told an news conference in Zurich. He…
By Valentina Za MILAN (Reuters) -The Italian arm of France’s Credit Agricole has started offering fixed-term savings accounts to win new customers in its biggest foreign market, at a time when competition for cash among the country’s lenders grows. With deposit rates lagging soaring lending costs, banks have posted record earnings in recent quarters, prompting…
LONDON (Reuters) -Prince William said Britain was a better place thanks to the “Windrush generation”, as the nation on Thursday celebrated the 75th anniversary of the arrival of the first post-World War Two Caribbean migrants. On 22 June 1948, the Empire Windrush ship arrived at Tilbury Docks in Essex, east of London, bringing the first…
By Victoria Klesty OSLO (Reuters) -Norway’s central bank raised its key policy rate by 50 basis points (bps) to a 15-year high of 3.75% on Thursday in a bid to curb inflation, and said it aimed for another hike in August, predicting the rate would rise to 4.25% during the autumn. The increase was bigger…
BERLIN (Reuters) – The German government has loosened its requirements for export credit guarantees for companies doing business with Ukraine in an effort to shore up economic recovery in the country, the economy ministry said Thursday. Effective immediately, the application procedure will no longer require bank guarantees if the risk is justifiable, replacing a stricter…
By Asif Shahzad (Reuters) -Pakistan’s Prime Minister Shehbaz Sharif on Thursday briefed International Monetary Fund’s managing director Kristalina Georgieva on the economic outlook of the cash-strapped South Asian nation, hoping for the release of critical stalled funds. The meeting on the sidelines of the Global Financing Summit in Paris came with about a week left…
SEOUL (Reuters) – Netflix co-CEO Ted Sarandos pledged on Thursday that its bumper investment in South Korean content would not bypass young local talent, after calls by some lawmakers for the streaming giant to share more profits with creators. South Korea has created some of the Californian company’s biggest shows, which have become synonymous with…
