PARIS (Reuters) – The Paris Club of creditor governments aims to start negotiations to restructure Sri Lanka’s debt, the group said on Friday after a creditor committee was set up this week. The Paris Club said the Japanese and Indian finance ministers along with its president and representatives of Sri Lanka set up a creditor…
By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Assistant Governor Tokiko Shimizu said on Friday there had been “extremely high” uncertainty regarding Japan’s economy, as slowing global growth and recent financial market stress cloud its outlook. “The BOJ deems it necessary to conduct monetary easing and support the economy, and provide a favourable environment for…
WASHINGTON (Reuters) – U.S. import prices fell more than expected in March, leading to the biggest year-on-year decline since mid-2020, further evidence that inflation pressures were subsiding. Import prices dropped 0.6% last month after slipping 0.2% in February, the Labor Department said on Friday. Economists polled by Reuters had forecast import prices, which exclude tariffs,…
By Valentine Hilaire MEXICO CITY (Reuters) – Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings, claiming that it violated foreign investment protections, documents reviewed by Reuters show. The case was triggered in January…
By Balazs Koranyi WASHINGTON (Reuters) – A growing number of European Central Bank policymakers are calling for the bank to stop reinvesting cash into its largest bond buying scheme, to help trim its balance sheet as part of efforts to tackle inflation, sources with direct knowledge said. The ECB is still sitting on 3.2 trillion…
MADRID (Reuters) – A 74-year-old Spanish man accused of sending a series of letter bombs in late 2022 will be bailed under supervision on Friday, after a high court judge concluded there was no risk that he would re-offend. Pompeyo Gonzalez Pascual, who faces terrorism charges for allegedly sending primed letters to six institutions including…
(Reuters) – Contract drug manufacturer Catalent Inc on Friday warned that low production at three of its facilities and higher costs would impact its fiscal 2023 results and said its CFO Thomas Castellano has stepped down, sending its shares down 20%. The company’s clients have included COVID-19 vaccine makers such as Moderna Inc and Johnson…
By Howard Schneider (Reuters) – Despite a year of aggressive rate increases U.S. central bankers “haven’t made much progress” in returning inflation to their 2% target and need to move interest rates higher still, Federal Reserve Governor Christopher Waller said on Friday. Important measures of underlying inflation have “basically moved sideways with no apparent downward…
By Soo-hyang Choi and Ju-min Park SEOUL (Reuters) – North Korea announced on Friday it had tested a new solid-fuel intercontinental ballistic missile (ICBM), a development set to “radically promote” its forces, which experts said would facilitate missile launches with little warning. Leader Kim Jong Un guided Thursday’s test, and warned it would make enemies…
By Gwladys Fouche OSLO (Reuters) – Fifteen Russian diplomats expelled by Norway this week had sought to recruit sources, intercept communications and buy advanced technology, the Norwegian PST security police said on Friday. The diplomats’ real employers were the Russian GRU, FSB and SVR intelligence services, PST counterintelligence chief Inger Haugland told a news conference….
