By Noele Illien ZURICH (Reuters) -The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons from the Credit Suisse crisis that led to the bank’s downfall and forced rescue by rival UBS and consider measures that would prevent such events in the future. “These measures need to strengthen banks’ resilience in…
By Joe Cash (Reuters) – China’s Premier Li Qiang and dozens of world leaders will meet in Paris on Thursday and Friday to discuss ways to help low-income countries manage their debt burdens and free up funding for climate financing. As the world’s largest bilateral creditor, China is central to talks on making tangible progress…
BENGALURU (Reuters) – Private equity firm Carlyle plans to sell its entire 2.53% stake in Indian logistics firm Delhivery via its special purpose vehicle for at least $86 million, according to a term sheet seen by Reuters on Thursday. Carlyle plans to sell Delhivery’s shares via CA Swift Investments at a floor price of 385.50…
By Rae Wee SINGAPORE (Reuters) – The dollar languished near a one-month low against a basket of currencies on Thursday, after Federal Reserve Chair Jerome Powell stuck to his usual messaging at his semi-annual testimony, offering little room for surprise. Sterling was perched near a one-year high ahead of the Bank of England’s (BoE) interest…
By Gustavo Palencia and Fredy Rodriguez TEGUCIGALPA, Honduras (Reuters) -The death toll from a riot at a women’s prison in Honduras rose to 46, a government spokesperson said on Wednesday, as anxious relatives demanded information about the fate of incarcerated family members. President Xiomara Castro’s office said Honduras’ military police would take control of most…
TEGUCIGALPA (Reuters) – Honduras will return control of most of the country’s penal system to the military police for the next year, the Central American country’s presidential office said late on Wednesday, a day after a prison riot claimed nearly 50 lives. The measure is part of a fresh crackdown on crime which includes expanding…
(Reuters) – Workers at Spirit AeroSystems’ plant in Kansas, which makes critical structures for Boeing jetliners, will go on strike on Saturday, after rejecting a proposed four-year deal on Wednesday night, the International Association of Machinists and Aerospace Workers said. (Reporting by Valerie Insinna; Editing by Tom Hogue)
A look at the day ahead in European and global markets from Ankur Banerjee The stage is set for the Bank of England on a central bank- heavy day in Europe, with a hike all but certain and the only doubt being whether the BoE will raise interest rates by 25 basis points or by…
BERLIN (Reuters) – Brexit has been an “economic disaster” for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing the UK decline in importance as a trading partner, German economists said. Britain voted on June 23, 2016, to exit the European Union and it…
By Ali Kucukgocmen ISTANBUL (Reuters) -Turkey’s central bank is expected to raise its policy rate sharply on Thursday in a strong signal that re-elected President Tayyip Erdogan has accepted some steps toward economic orthodoxy to address inflation that has soared under his watch. The expected policy pivot, under new central bank chief Hafize Gaye Erkan,…
