By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve interest rate hikes. Yellen said in a “Fareed Zakaria GPS” interview that policy actions to stem the…
MOSCOW (Reuters) -Ukrainian and Russian armed forces are fighting extraordinarily bloody battles in the smashed eastern city of Bakhmut, but pro-Kyiv forces are still holding on, Ukraine’s military said on Saturday. Russia’s defence ministry said earlier in the day that fighters from the Wagner mercenary group had captured two more areas of Bakhmut, the main…
By Andrea Shalal and Jorgelina do Rosario WASHINGTON (Reuters) – A new international economic support package of $115 billion gives Ukraine more confidence that it can prevail in battling Russia’s invasion, amid growing recognition that the war could continue for longer than expected, Ukrainian Finance Minister Serhiy Marchenko said on Saturday. Marchenko said Group of…
By Valentina Za and Giulio Piovaccari MILAN (Reuters) – In 1977, a Ferrari owner offloaded his 1962 250 GTO because his wife complained it was too noisy, recounts Andrea Modena, head of Ferrari’s classic car division. It was either her or the car. “Nowadays, I’m not sure the wife would have won out.” Times have…
(Reuters) – Ducati’s reigning MotoGP world champion Francesco Bagnaia smashed the circuit lap record to take pole position for the Grand Prix of the Americas in Austin, Texas, on Saturday. The pole was the Italian’s first of the season, and 12th of his career, after starting the previous two races in Portugal and Argentina on…
By Chiara Elisei LONDON (Reuters) – Some holders of bonds issued by French food retailer Casino are working with financial adviser Perella Weinberg Partners to push for better terms should the company’s planned tie-up with smaller food firm Teract proceed, three sources familiar with the matter said. The investors, who hold some Casino bonds maturing in 2026 and…
By Kai Pfaffenbach SLOVIANSK, Ukraine (Reuters) – Russian missiles hit residential buildings in the eastern Ukrainian city of Sloviansk on Friday, killing 11 people, wounding 21 and reducing parts of apartment blocks to a tangled mess of metal and concrete. Eleven people were killed and 21 wounded, Ukrainian public braodcaster Suspilne reported on Saturday, citing…
By Joe Bavier WASHINGTON (Reuters) – Africa is struggling with the triple shock of rising debt burdens, an ongoing food crisis and climate change fallout and needs more help from international institutions and wealthy nations to cope, African finance ministers said on Saturday. Developing African economies were only beginning to recover from the COVID-19 pandemic…
(Reuters) – Rovio Entertainment, the company behind the mobile game Angry Birds, confirmed on Saturday that it is in talks with Japan’s Sega Sammy Holdings Inc over a possible tender offer. Rovio announced the start of a strategic review and preliminary non-binding discussions regarding a potential tender offer for its shares in February, a statement…
PARIS (Reuters) -French President Emmanuel Macron on Saturday signed into law a deeply unpopular bill to raise the state pension age, infuriating unions that called for months of mass protests to continue. The proclamation of the law in the government’s official journal came hours after France’s Constitutional Council had approved the main pension-age increase in…
