PARIS (Reuters) – How long the European Central Bank keeps rates elevated is more important than the actual level, though rates are close to levels needed to get inflation headed to a 2% target, ECB policymaker Francois Villeroy de Galhau said on Wednesday. “Due to monetary lags, length is more important than level,” Villeroy, who…
By Simon Lewis and Humeyra Pamuk WASHINGTON (Reuters) – Turmoil in the occupied West Bank, where violence between Jewish settlers and Palestinians is spiraling, is making Israel’s goal of normalizing relations with Saudi Arabia “a lot tougher, if not impossible,” U.S. Secretary of State Antony Blinken said on Wednesday. The Biden administration earlier this week…
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) -Bank of England (BoE) Governor Andrew Bailey said it remained to be seen if financial markets are right about how high the British central bank will need to raise interest rates, and how long it will be before the first rate cuts are made. Financial markets…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) -Wall Street banks and brokerages are in a last-minute scramble to meet a July 3 deadline to charge investors for research reports, bankers and others in the industry said, a requirement that threatens their European business if they fail to comply. Bank of America Corp and…
(Reuters) – Activist investor Blackwells Capital on Wednesday urged cell-tower operator IHS Holding Ltd to overhaul the company’s board by appointing new independent directors in a bid to offer more transparency to shareholders. Blackwells, a long-term shareholder of IHS, said that the IHS management has “no serious focus” and that its performance “does not remotely…
By Balazs Koranyi SINTRA, Portugal (Reuters) – Professional forecasters globally who have been blindsided by the recent surge in inflation acknowledged on Wednesday the need for humility to deal with economic realities still only poorly understood by their discipline. Central bankers worldwide have faced criticism in public and parliaments over the past two years for…
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) – Leaders of the world’s top central banks reaffirmed on Wednesday they think further policy tightening will be needed to tame stubbornly high inflation but still believe they can achieve that without triggering outright recessions. U.S. Federal Reserve Chairman Jerome Powell kept consecutive interest rate hikes…
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) – Leaders of the world’s top central banks reaffirmed on Wednesday they think further policy tightening will be needed to tame stubbornly high inflation but still believe they can achieve that without triggering outright recessions. U.S. Federal Reserve Chairman Jerome Powell kept consecutive interest rate hikes…
By Felix Light and Filipp Lebedev TBILISI (Reuters) – The Wagner Group mercenaries who seized the Russian city of Rostov-on-Don on Saturday in a failed mutiny included at least three convicted criminals, a Reuters review of facial recognition software, court records and social media showed. Almost all of the fighters who took part in the…
(Reuters) – Thomson Reuters will buy Imagen, a digital content asset management company, for an undisclosed price, to expand its agency business to new customers, the news and information company said on Wednesday. Britain-based Imagen, which owns the Screenocean video distribution platform, operates digital content libraries for sports, media and business companies including Premier League…
