By Lisa Richwine LOS ANGELES (Reuters) – Hollywood television and movie writers wrap up a critical vote this week as they push media companies to raise their pay or face a strike that would disrupt an industry recovering from the pandemic and under pressure to make streaming more profitable. Negotiators for the Writers Guild of…
WASHINGTON (Reuters) – Banks in the Middle East and Central Asia have very limited exposure to last month’s banking turmoil in the United States and Europe, but financial pressures are adding to strains caused by high interest rates, volatile oil prices and years of double-digit inflation, a top IMF official said on Saturday. Jihad Azour,…
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve interest rate hikes. Yellen said in a “Fareed Zakaria GPS” interview that policy actions to stem the…
MEXICO CITY (Reuters) – Argentina is considering how to persuade the International Monetary Fund to further ease the economic targets embedded in the country’s $44 billion IMF loan program, a source said, as a severe drought hits exports and threatens to push the economy into recession. “All alternatives are on the table. Work will be…
By Leika Kihara WASHINGTON (Reuters) – The Bank of Japan may have scope to tweak its bond yield target this year on growing prospects the country will see a durable rise in wages, a senior International Monetary Fund official said on Saturday. Ranil Salgado, the IMF’s Japan mission chief, said the outcome of this year’s…
By Andrea Shalal and Jorgelina do Rosario WASHINGTON (Reuters) – A new international economic support package of $115 billion gives Ukraine more confidence that it can prevail in battling Russia’s invasion, amid growing recognition that the war could continue for longer than expected, Ukrainian Finance Minister Serhiy Marchenko said on Saturday. Marchenko said Group of…
By Valentina Za and Giulio Piovaccari MILAN (Reuters) – In 1977, a Ferrari owner offloaded his 1962 250 GTO because his wife complained it was too noisy, recounts Andrea Modena, head of Ferrari’s classic car division. It was either her or the car. “Nowadays, I’m not sure the wife would have won out.” Times have…
(Reuters) – Ducati’s reigning MotoGP world champion Francesco Bagnaia smashed the circuit lap record to take pole position for the Grand Prix of the Americas in Austin, Texas, on Saturday. The pole was the Italian’s first of the season, and 12th of his career, after starting the previous two races in Portugal and Argentina on…
By Chiara Elisei LONDON (Reuters) – Some holders of bonds issued by French food retailer Casino are working with financial adviser Perella Weinberg Partners to push for better terms should the company’s planned tie-up with smaller food firm Teract proceed, three sources familiar with the matter said. The investors, who hold some Casino bonds maturing in 2026 and…
By Jorgelina do Rosario and Rodrigo Campos WASHINGTON/NEW YORK (Reuters) – Zambia last week gave its bondholders a “concrete proposal” for the restructuring of some $3 billion in eurobonds, the ministry of finance and national planning said on Friday. “We continue to engage actively with our bondholders and proposals are being exchanged,” the ministry told…
