(Reuters) – Global money market funds drew inflows for a fifth straight week in the seven days to May 24 as investors resorted to buying safer assets on caution with time running out for talks over raising the U.S. debt ceiling. According to Refinitiv Lipper data, global money market funds received about $17.67 billion worth…
By Cecile Mantovani KUESNACHT, Switzerland (Reuters) – Well-wishers gathered outside the lakeside home of Tina Turner on Thursday to pay tribute to the music legend who had made Switzerland her home for nearly three decades. Flowers and cards lay outside the house in the picturesque town of Kuesnacht, on the shore of Lake Zurich, where…
By Can Sezer and Jonathan Spicer ISTANBUL (Reuters) – President Tayyip Erdogan has defied forecasts of his political demise in Turkey’s elections, rallying voters with a potent mix of religious conservatism and nationalism that looks set to propel his rule into a third decade on Sunday. Though he has yet to clinch victory – Erdogan…
ROME (Reuters) – Italy’s second-largest bank UniCredit said on Friday it had entered into an enlarged payments partnership with Mastercard. The agreement covers 13 banks in 12 markets, totalling 20 million cards, and will help deliver payment innovation and enhanced digital experiences to customers, UniCredit said. “This is the first time any large commercial bank…
DUBROVNIK, Croatia (Reuters) – Falling energy prices will lower underlying inflation in the euro zone and rapid wage growth is not putting undue pressure on prices, European Central Bank Chief Economist Philip Lane said on Friday. Inflation has been stubbornly high for nearly two years and some policymakers have been warning that underlying inflation was…
A look at the day ahead in U.S. and global markets from Mike Dolan As the AI-led tech stock boom unfolds, there’s light at the end of the U.S. debt ceiling saga – only markets now reckon the Federal Reserve will tighten policy even further this summer. Investors juggled these three strands over the past…
By Gopal Sharma KATHMANDU (Reuters) – A renowned U.S. mountain guide has achieved the rare Mount Everest region “triple crown” of climbing the Everest, Lhotse and Nuptse peaks in one season, a hiking firm said on Friday, as the season’s death toll on the world’s highest mountain hit 12. Garrett Madison, 44, climbed Lhotse, the…
By Anirban Sen and Karl Plume (Reuters) -Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd, a person familiar with the matter said, in a potential mega deal that would reshape the top tier of global grains merchants. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading…
By Olena Harmash and Gleb Garanich KYIV (Reuters) -Ukraine shot down 10 missiles and over 20 drones launched by Russia in overnight attacks on the capital Kyiv, the city of Dnipro and eastern regions, Ukrainian officials said on Friday. President Volodymyr Zelenskiy’s office said in a statement that a fire had broken out on the…
By Tommy Wilkes, Alexander Hübner and Tom Sims LONDON/FRANKFURT (Reuters) -A United Nations-convened climate alliance for insurers suffered at least three more departures on Thursday including the group’s chair, as insurance companies take fright in the face of opposition from U.S. Republican politicians. At least seven members of the Net-Zero Insurance Alliance (NZIA), which launched…
