PARIS (Reuters) – BNP Paribas is set to resolve a U.S. probe into employees’ use of unapproved messaging platforms, its mid-year earnings report showed on Thursday, which could see the French bank face a fine. The Securities and Exchange Commission (SEC) in 2021 began examining how Wall Street banks were keeping track of employees’ digital…
BEIJING (Reuters) – China will guide banks to boost credit in the consumer service industry, its financial regulator said on Thursday, as authorities seek to boost a flagging post-pandemic economic recovery. “Residents’ consumption capacity is insufficient and their willingness to spend is not strong, consumption of big-ticket items is weak,” an official from China’s National…
By Ariba Shahid KARACHI (Reuters) – Pakistan’s central bank will likely raise its key interest rate again on Monday to tackle persistently high inflation, giving in to pressure from the International Monetary Fund (IMF), analysts said. Pakistan must continue its monetary tightening cycle, the International Monetary Fund (IMF) said in a staff report earlier in…
By Gopal Sharma KATHMANDU (Reuters) – A Norwegian woman and her sherpa guide climbed Mount K2 in Pakistan on Thursday, their 14th highest mountain in just over three months, becoming the world’s fastest climbers to scale all peaks above 8,000 metre (26,246 feet) in the shortest time, an official of their Nepali organising company said….
By Shadia Nasralla, Ron Bousso and America Hernandez LONDON/PARIS (Reuters) -Shell and TotalEnergies reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakened. Oil and gas prices soared last year in the wake of Russia’s invasion of Ukraine but energy prices have dropped…
MADRID (Reuters) – Spain’s unemployment rate fell to 11.60%, a 15-year low, down from 13.26% three months earlier, data from the National Statistics Institute (INE) showed on Thursday. The unemployment rate had not been that low in Spain since the third quarter of 2008, when it was 11.23%, INE said. The number of people employed…
TOKYO (Reuters) -Japan’s Takeda Pharmaceutical posted first-quarter profit that beat analysts’ estimates, citing solid sales of mainstay drugs and the launch of new products including its dengue fever vaccine. The result marked a better-than-expected start to a rebuilding year for Takeda, as main sellers lose patent protection and it works to wring new winners out…
By Dominique Vidalon and Helen Reid PARIS (Reuters) -Cash-strapped retailer Casino suffered a first-half loss after falling sales and price cuts at its biggest stores dented its core French business, while investors awaited a debt rescue deal due to be clinched on Thursday. Casino is in talks with Czech billionaire Daniel Kretinsky over a plan…
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan Finance Minister Ishaq Dar said on Thursday that China has rolled over a $2.4 billion loan to Islamabad for a period of two years, a boost to its foreign reserves on the back of an IMF deal which helped it avert a default. “Chinese Exim bank rolled over principal…
By Lucy Craymer and Renju Jose WELLINGTON (Reuters) -U.S. Secretary of State Antony Blinken said on Thursday the door was open for New Zealand to engage with the AUKUS weapons development and procurement project between the United States, Britain and Australia. The multi-stage AUKUS project announced in March is planned to culminate in the late…
