Australia budget to trim forecast for cost of servicing debt for next three years
By Lewis Jackson SYDNEY (Reuters) – Australia has lowered its forecast for the cost of servicing government debt over the…
Economy
ECB to stop reinvesting cash in largest bond scheme
FRANKFURT (Reuters) – The European Central Bank will stop reinvesting cash from maturing bonds bought under its 3.2 trillion Asset…
Global issuance of mortgage-backed securities falls to a 23-year low
By Patturaja Murugaboopathy (Reuters) – The issuance of global mortgage-backed securities (MBS) slumped to a 23-year low in the first…
ECB slows rate hikes and keeps options open
FRANKFURT (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its…
Slower sales at debt-laden French retailer Casino sink shares
By Dominique Vidalon PARIS (Reuters) – Heavily-indebted French retailer Casino said on Thursday sales growth slowed in the first quarter,…
As sales decline, Adidas faces pressure to find Yeezy fix
By Helen Reid LONDON (Reuters) – Adidas is set to update investors on Friday about the unsold Yeezy shoes that…
Suriname reaches debt restructuring deal with bondholders
By Rodrigo Campos, Jorgelina do Rosario and Ank Kuipers NEW YORK/LONDON/PARAMARIBO (Reuters) -Suriname reached an agreement in principle with its…
Exclusive-Venezuela’s oil tankers at risk of sinking, fires, spills, report finds
By Mircely Guanipa PUNTO FIJO (Reuters) – More than half of the 22 oil tankers in Venezuela’s fleet are so…
Adviser to Italy’s Treasury tables proposal for windfall tax on banks
By Giuseppe Fonte ROME (Reuters) – Italy should introduce a tax on banks to claw back extra profits made on…
UniCredit to use 300 million euro charges for staff exits-sources
MILAN (Reuters) -UniCredit will use restructuring charges to help fund voluntary exits for some of the additional 1,000 employees who…