By Tom Sims and Nette Noestlinger RATINGEN, Germany (Reuters) – In the German town of Ratingen, exploding cash machines are a hot-button topic. Two got blown up early on the same morning last month, at branches of Santander and Deutsche Bank across the street from each other close to the Duesseldorf suburb’s main square. A…
By Libby George and Marc Jones LONDON (Reuters) – The latest bid by the world’s leading institutions and creditors to speed up debt restructurings and get bankrupt countries back on their feet has been greeted by a mix of cautious optimism and weary scepticism by veteran crisis watchers. Standoffs between major Western-backed lenders like the…
(This April 13 story has been corrected to change IMF loan approval to May from June in the headline and first paragraph) ACCRA (Reuters) – Ghana expects the International Monetary Fund’s board to approve a $3 billion loan in May, Finance Minister Ken Ofori-Atta said in a presentation on Thursday. The embattled West African country…
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s core consumer inflation likely held steady in March, a Reuters poll of 19 economists showed, highlighting persistent price strains and keeping the central bank under pressure to shift away from stimulus. Speculation is rife that the Bank of Japan (BOJ) may tweak its bond yield control, or ditch…
(Reuters) – Rheinmetall has been hired as a subcontractor in the Norwegian armed forces’ order for 54 Leopard 2 battle tanks from Krauss-Maffei Wegman (KMW), the German manufacturer said on Friday. Rheinmetall said the contract was worth 129 million euros ($142.74 million) and could increase by 44 million euros if Norway executes an option to…
BEIJING (Reuters) – China is willing to work with Germany on the economic and trade fronts, and the two countries are partners, not adversaries, its foreign minister, Qin Gang, said on Friday. Qin, addressing a joint news conference with his German counterpart, Annalena Baerbock, said artificially putting the brakes on normal economic and trade cooperation…
(Reuters) – Pakistan’s central bank governor said on Friday that the country’s inflation is expected to start decelerating over the next few months. “And with the revival of the IMF program, the uncertainty regarding external financing will also fade away,” central bank governor Jameel Ahmad said in a statement from the State Bank of Pakistan….
BUDAPEST (Reuters) – Hungary abandoned a Budapest-based Russian bank this week because U.S. sanctions had “ruined” it, Prime Minister Viktor Orban said on Friday, adding that Hungary would comply with sanctions on Russia but continue to speak out against them. The NATO leader with the closest ties to Russia told state radio the United States…
LONDON (Reuters) – Struggling British fashion brand Superdry said on Friday a potential equity raise of up to 20% backed by founder and CEO Julian Dunkerton was among funding options being considered. The group, whose shares have fallen 37% over the last year, also withdrew its profit guidance of “broadly breakeven” for its current year…
PARIS(Reuters) – French annual inflation rose to a slightly revised 5.7% in March – albeit down from 6.3% in February – as lower energy prices helped offset surging food prices, according to final figures from the INSEE statistics body on Friday. The preliminary figure for March released last month was 5.6%. The inflation figure, on…
