By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England likely has one more hike in its tightening cycle but it was a close call for a final quarter-point rate lift in May, according to a Reuters poll of economists who said the bigger risk was inflation being higher than they expect. Even though the…
By Oliver Hirt ZURICH (Reuters) – The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the rescue of Credit Suisse, according to state procurement platform Simap.ch on Monday. Swiss authorities last month engineered a takeover of struggling Credit Suisse by…
FRANKFURT (Reuters) – Germany’s crude oil imports rose 8.5% in 2022 as Europe’s biggest economy recovered from the COVID-19 pandemic and the bill for its purchases soared as oil prices surged, official data showed on Monday. Russia remained Germany’s biggest supplier but its share dropped to 25.4% from 34.1% in 2021, statistics issued by the…
FRANKFURT (Reuters) – The European Central Bank should stop relying on banks’ self-assessments when setting capital requirements and do its own homework instead, independent experts said on Monday. It was the most notable recommendation in a report commissioned by the ECB to evaluate its work on the key task as the euro zone’s top financial…
(This April 16 story has been corrected to say “setbacks”, not “delays”, in paragraph 2) By Rozanna Latiff and Yantoultra Ngui KUALA LUMPUR/SINGAPORE (Reuters) – Malaysia plans to introduce a second 5G network from next year, four sources told Reuters, in the latest policy shake-up aimed at dismantling monopolies and promoting competition by Prime Minister…
By Giulio Piovaccari MILAN (Reuters) -Exor the holding company of Italy’s Agnelli family, will seek further opportunities to expand in healthcare after investing almost one billion euros ($1.1 billion) in the industry last year, CEO John Elkann said on Monday. After completing the sale of its reinsurer PartnerRE, Exor has around 6.5 billion euros in…
By Alicia Powell NEW YORK (Reuters) – Musical “The Phantom of the Opera” ended a record-breaking 35-year Broadway run on Sunday when, amid predictions that the show would one day return, teary-eyed cast members took a final bow alongside its original stars. Composer Andrew Lloyd Webber dedicated the final Broadway performance to his son Nicholas,…
MOSCOW (Reuters) – Facing up to a quarter of a century in jail on treason charges he denies, Kremlin critic Vladimir Kara-Murza is expected to learn his fate on Monday when a Moscow court pronounces a verdict and sentences him. Kara-Murza, 41, a father of three and former journalist who holds Russian and British passports,…
A look at the day ahead in U.S. and global markets from Mike Dolan. As U.S. banking giants calm the horses, global investors are now concentrated on world growth and earnings signals more than interest rate rises for direction – with an assumption the latter are near an end anyway. Sending its stock price surging…
ISTANBUL (Reuters) – Turkey’s central government budget recorded a deficit of 47.22 billion lira ($2.46 billion) in March, the Finance Ministry said on Monday, while the cumulative deficit for 2023 so far widened to 250 billion lira, mainly due to devastating earthquakes. The primary balance, which excludes interest payments, logged a deficit of 2.15 billion…
