BRUSSELS (Reuters) – EU foreign policy chief Josep Borrell proposed steps to end weeks of violence in predominantly Serb areas of northern Kosovo to the leaders of Kosovo and Serbia on Thursday, but there were no signs of an immediate breakthrough. Violence flared in four northern Kosovo municipalities late last month after ethnic Albanian mayors…
FRANKFURT (Reuters) – The Federal Reserve and the European Central Bank may mop up as much as 90% of the money they pumped into banks over the last decade now that high inflation and interest rates make that extra liquidity unnecessary, a paper by a Fed economist showed on Thursday. The world’s two largest central…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar advanced against a basket of currencies on Thursday after Fed Chair Jerome Powell backed more U.S. rate increases albeit at a “careful pace” and as a spate of interest rate hikes by several central banks fuelled concerns over the outlook for global growth. Sterling was…
By Joan Faus and Horaci Garcia LA MASSANA, Andorra (Reuters) -The daughter of French oceanographer Paul-Henri Nargeolet, one of five people inside a submersible missing near the Titanic wreck, said on Thursday she held hope they will be rescued but she is comforted by the knowledge that he is in the place he loved most….
By Stephanie Kelly NEW YORK (Reuters) -Oil futures fell about 4% on Thursday, as a bigger-than-expected Bank of England rate hike prompted worries about the economy and fuel demand that outweighed support from a surprise draw in U.S. oil supplies. Brent futures settled down $2.98, or 3.9%, to $74.14 a barrel. U.S. West Texas Intermediate…
(Reuters) – A debris field that was found near the wreckage of the Titanic in the North Atlantic has been assessed to be from the missing Titan submersible’s external body, CNN reported on Thursday, citing sources. (Reporting by Rami Ayyub in Washington; Editing by Eric Beech)
MADRID (Reuters) – Recent interest rate hikes by the European Central Bank should be fully transmitted to savers and reflected in higher deposit rates, ECB Vice-President Luis de Guindos said on Thursday. “A full transmission (of monetary policy) requires the remuneration of savings,” De Guindos told a financial event in the northern Spanish city of…
By Pete Schroeder WASHINGTON (Reuters) -U.S. banks are pushing to soften a major regulatory proposal to hike bank capital requirements, worried it could prove too onerous, especially for lenders still reeling from the March banking crisis, according to six people briefed on the matter. Bank regulators led by the U.S. Federal Reserve are finalizing the…
By Ali Kucukgocmen and Can Sezer ISTANBUL (Reuters) -Turkey’s central bank hiked its key rate by 650 basis points to 15% on Thursday and said it would go further in a reversal of President Tayyip Erdogan’s policy, although the post-election tightening missed expectations and the lira fell sharply. In its first meeting under new Governor…
By Tim Hepher, Valerie Insinna, Joanna Plucinska and Allison Lampert PARIS (Reuters) – The first Paris Airshow in four years has clocked up billions of dollars in commercial jet orders and offered some respite for suppliers as air travel springs back sharply from the pandemic. The industry returned to Le Bourget with high expectations of…
