By Gergely Szakacs BUDAPEST (Reuters) – The National Bank of Hungary is expected to leave its base rate steady at 13% at next Tuesday’s policy meeting, where the bank has flagged a cut in the top of its interest rate corridor, citing a reduction in market risks. With many economists saying inflation in central Europe…
LONDON (Reuters) – Oscar-winning actor Kevin Spacey appeared by videolink for a brief hearing at a London court on Friday ahead of his trial on sex offence charges in June. Spacey has previously pleaded not guilty to 12 charges relating to alleged offences against four men, which are said to have taken place between 2001…
BERLIN (Reuters) – Rail workers went on strike across Germany on Friday, mostly bringing national operator Deutsche Bahn’s services to a halt in the morning hours, as protests over pay in Europe’s largest economy widened. Germany has witnessed some of its most disruptive strikes in decades since last year, when the war in Ukraine sent…
BEIRUT/PARIS (Reuters) – French prosecutors have told Lebanon’s central bank governor Riad Salameh they plan to press preliminary fraud and money laundering charges against him, partly based on allegedly forged bank statements used to conceal his wealth, according to French court documents seen by Reuters. The accusation of using fake account statements, which had not…
HELSINKI (Reuters) – The European Central Bank should maintain a tightening monetary policy that restricts demand, Finnish central bank Governor Olli Rehn said in a speech on Friday. “In monetary policy, we have moved into an area that restricts aggregate demand, and there is no reason for us to abandon it or exit it prematurely,”…
(Reuters) – The Kremlin said on Friday it was monitoring reports of a possible ban on exports to Russia by Western countries, and that new sanctions would damage the global economy. “We are carefully monitoring this, we are aware that both the U.S. and the EU are actively considering new sanctions,” Kremlin spokesman Dmitry Peskov…
By Nell Mackenzie PARIS (Reuters) – The biggest threat to the economic outlook is a credit squeeze that has not finished filtering through the financial system, a senior official at Fidelity International told a European equities conference on Wednesday. For asset managers, hedge funds and traders gathered in Paris for the Tradetech equity trading conference,…
OSLO (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors, on Friday posted a 5.9% return on investment for the first quarter boosted by rising equity markets. “It’s actually one of the strongest quarters we ever had,” Deputy CEO Trond Grande said in a video posted on LinkedIn. Despite market turmoil…
PARIS (Reuters) – French police is allowed from Friday to use drones equipped with cameras for a wide range of tasks including crowd monitoring and border control, following the publication of a decree in the Official Journal on Thursday. This comes just over a year before the Paris 2024 Olympics and at a time when…
BERLIN (Reuters) – German business activity expanded for a third month running in April, boosted by a services sector revival that more than offset a manufacturing decline in Europe’s largest economy, a preliminary survey showed on Friday. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to a 12-month high…
