By Luc Cohen, Jack Queen and Jonathan Stempel NEW YORK (Reuters) – E. Jean Carroll’s accusation that Donald Trump raped her was not a “he said, she said” dispute, a lawyer representing the writer told jurors on Tuesday as a civil trial over the former U.S. president’s conduct nearly three decades ago got under way….
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Worries over a debt ceiling showdown are creeping into U.S. options markets, as investors grow increasingly concerned that lawmakers will be unable to hammer out a deal in coming weeks, potentially sparking stock volatility as a key deadline nears. Although concerns related to raising the $31.4 trillion…
STOCKHOLM (Reuters) -Swedish bank Handelsbanken reported first-quarter net profit above market expectations on Wednesday on the back of climbing interest income and said its credit quality remained good against a backdrop of heightened uncertainty. Soaring inflation over the past year has seen central banks crank up key rates radically, boosting interest income for banks such…
TAIPEI (Reuters) – Taiwan’s export-dependent economy likely slipped into a recession in the first quarter, a Reuters poll showed on Wednesday, weighed down by sluggish demand for technology products amid global economic woes. Gross domestic product (GDP) likely fell 1.25% in the January-March period versus a year earlier, the poll of 24 economists showed. The…
By David Morgan and Katharine Jackson WASHINGTON (Reuters) -A Republican bill authorizing a $1.5 trillion increase to the U.S. debt ceiling, coupled with deep spending cuts over a decade, hit a snag late on Tuesday, as a key committee delayed advancing the legislation to the full House of Representatives for debate and passage. The House…
A look at the day ahead in European and global markets from Vidya Ranganathan The steady stream of bad news from banks continues to cast a pall over markets this week, even as global tech giants surprise investors by beating earnings estimates. Spain’s Santander dragged European stocks down on Tuesday. UBS Group fell after setting…
By Leika Kihara TOKYO (Reuters) – Japan’s new central bank chief is likely to keep monetary settings ultra-loose at his debut meeting on Friday, but may consider dropping references to the COVID-19 in forward guidance as the pandemic fades as an economic risk. While such a tweak would not have material implications for policy,…
MANILA (Reuters) – The Philippines’ central bank considers it “dangerous” to cut interest rates faster than a policy easing by the U.S. Federal Reserve, its governor said on Wednesday. While Philippine inflation will decelerate to below 4% late this year, the Bangko Sentral ng Pilipinas (BSP) aims to keep its interest rate differential with…
HONG KONG (Reuters) – Hong Kong private home prices in March rose for the third month and edged up 1.4% from February, as the reopened border with China and a raft of new launches by property developers at attractive prices boosted market sentiment. The rise in home prices last month followed a revised 2.4% gain…
By Rodrigo Campos NEW YORK (Reuters) -Argentina’s Economy Minister Sergio Massa pledged on Tuesday to unleash “all tools” to counter a slide in the peso currency that President Alberto Fernandez blamed on “Argentina’s right”, as the currency hit a fresh low in popular black markets. The peso hit 495 against the dollar in informal markets…
