LONDON (Reuters) – Goldman Sachs revised its Turkish lira forecast in the wake of President Tayyip Erdogan’t cabinet revamp, saying it now expected the currency to weaken to 28 to the dollar in 12 months compared with a previous prediction of 22. Erdogan signalled on Saturday his newly-elected government would return to more orthodox economic…
(Reuters) – UBS is considering delaying its quarterly results at least until the end of August, as the Swiss banking giant deals with complexities over its takeover of Credit Suisse, the Financial Times reported on Sunday. The bank is scheduled to report its April-June results on July 25. A notice on the bank’s website says…
LONDON (Reuters) – British Prime Minister Rishi Sunak said on Saturday he wanted to foster a “close and candid relationship” with U.S. President Joe Biden during a visit to Washington next week that comes after some signs of strains in bilateral ties. Sunak is due to be in the U.S. capital on Wednesday and Thursday…
By Ahmad Ghaddar, Alex Lawler and Maha El Dahan VIENNA (Reuters) -OPEC and its allies began two days of meetings on Saturday that may culminate in further production cuts of as much as 1 million barrels per day, OPEC+ sources told Reuters, as the group faces flagging oil prices and a looming supply glut. OPEC+,…
By Foo Yun Chee BRUSSELS (Reuters) -A majority of EU countries have rejected a push by Europe’s big telecoms operators to force major tech companies such as Google to help fund the rollout of 5G and broadband in the region, people familiar with the matter said. At a meeting with EU industry chief Thierry Breton…
By Jeff Mason and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden declared a “crisis averted” on Friday in his first address from the White House’s Oval Office, touting the passage of a bill to suspend the U.S. debt ceiling and avoid economic catastrophe. Biden used the moment to plead with Americans to bridge their…
ANKARA (Reuters) – Turkish President Tayyip Erdogan took the oath of office for a new five-year presidential term on Saturday, extending his rule into a third decade. “I, as president, swear upon my honour and integrity before the great Turkish nation and history to safeguard the existence and independence of the state … to abide…
ROME (Reuters) – The rapid decline in energy costs should help to tame inflation in Europe, Bank of Italy governor Ignazio Visco said on Saturday, urging companies not to seek to boost their margins by leaving prices higher for longer. Visco, a member of the European Central Bank’s governing council, said the key issue was…
By Ana Mano SAO PAULO (Reuters) – Revised trade accords with most of Brazil’s trade partners, including China, make it unlikely the world’s largest chicken supplier will impose a nationwide ban on exports should the virus that causes highly pathological avian influenza (HPAI) hit commercial flocks. Ricardo Santin, head of a group representing firms like…
WASHINGTON (Reuters) – President Joe Biden may sign the bill lifting the U.S. debt ceiling as soon as Saturday, according to the White House. Spokesperson Karine Jean-Pierre said on Friday the signing would take place after Congress finishes its work to finalize the bill. (Reporting by Jeff Mason; Writing by Trevor Hunnicutt; Editing by Chris…
