LONDON (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight sticky inflation. The 25-basis-point increase to the ECB’s three policy rates was the smallest since it started lifting them last summer and the central bank…
By Lewis Jackson SYDNEY (Reuters) – Australia has lowered its forecast for the cost of servicing government debt over the next three years, though the government still sees annual repayments rising to a peak in fiscal 2025/26 before declining slightly. Interest payments on Australian government securities are forecast to total A$85.8 billion ($57.18 billion) between…
By MacDonald Dzirutwe LAGOS (Reuters) – Nigerian law student Umar Yusuf Yaru was relaxing in his apartment when he first heard gunfire last month in his Khartoum neighbourhood. For the next nine days, Yaru hunkered down alone as the Sudanese armed forces clashed with the paramilitary Rapid Support Forces (RSF), hoping the fighting would end….
FRANKFURT (Reuters) – The European Central Bank will stop reinvesting cash from maturing bonds bought under its 3.2 trillion Asset Purchase Programme from July, it said on Thursday, taking another small step towards shrinking its oversized balance sheet. The ECB has been allowing 15 billion euros’ worth of bonds, mostly government debt, to expire since…
By Stephanie Kelly NEW YORK (Reuters) – United Airlines will begin using lower-carbon aviation fuels on flights from San Francisco International Airport and London Heathrow Airport beginning this year, the U.S. carrier told Reuters on Thursday, as the travel industry pursues new efforts to cut climate warming emissions. Sustainable aviation fuel (SAF), which uses feedstocks…
By Patturaja Murugaboopathy (Reuters) – The issuance of global mortgage-backed securities (MBS) slumped to a 23-year low in the first four months of this year, highlighting the turmoil in the real estate sector as higher mortgage rates hit property sales and refinancing. According to Refinitiv data, global MBS issuance stood at $100 billion in the…
FRANKFURT (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight against stubbornly high inflation in the euro zone. The 25-basis-point increase to the ECB’s three policy rates was the smallest since it started lifting them…
By Manuel Ausloos ON THE FRONTLINE IN DONETSK REGION, Ukraine (Reuters) – After months of living in trenches and bunkers near Ukraine’s southeastern frontlines, Artem and his fellow soldiers have lost the fear they once felt. The war ebbs and flows for the 30-year-old volunteer from a small town near Chernihiv, in the north of…
By Dominique Vidalon PARIS (Reuters) – Heavily-indebted French retailer Casino said on Thursday sales growth slowed in the first quarter, fuelling further concerns over its ability to generate cash and sending its shares down as much as 15%. Casino, headed and controlled by veteran entrepreneur Jean-Charles Naouri, is striving to find a way out of…
By Helen Reid LONDON (Reuters) – Adidas is set to update investors on Friday about the unsold Yeezy shoes that have put the German sportswear giant in a predicament since it cut ties with Kanye West over his anti-Semitic comments late last year. Executives are expected to tackle the issue when the company reports first-quarter…
