LONDON (Reuters) -A committee that reviews disputes in the credit default swaps (CDS) market said on Monday that UBS is the sole successor to Credit Suisse Group following the merger of the two banks. This means that Credit Suisse will no longer be the reference entity for its outstanding CDS, which are a type of…
By Nigel Hunt and Jonathan Saul LONDON (Reuters) – A deal allowing Ukraine to export grain via the Black Sea will expire at the end of Monday after Russia said it will suspend its participation. The deal, brokered by the United Nations and Turkey last July, aimed to alleviate a global food crisis by allowing…
(Reuters) – Russian President Vladimir Putin said on Monday his defence ministry was preparing proposals for a response to an overnight attack that damaged the road bridge linking Crimea to southern Russia, for which he blamed Ukraine. At the end of a televised video meeting with national and regional officials to assess the consequences of…
MADRID (Reuters) -Spaniards will interrupt their summer holidays to vote for a new parliament on July 23, after an election campaign in which no one party has established a decisive lead and featuring irate exchanges between the main candidates for prime minister. Polls show the conservative opposition People’s Party (PP) of Alberto Nunez Feijoo beating…
By Amruta Khandekar, Shreyashi Sanyal and Shristi Achar A (Reuters) -European shares fell on Monday as Richemont led a slide among luxury firms on weaker-than-expected organic sales growth and as lacklustre economic growth in China raised concerns about demand from the world’s second-biggest economy. The pan-European STOXX 600 index closed 0.6% lower, with luxury giants…
By Daphne Psaledakis and Anna Voitenko WASHINGTON/KYIV (Reuters) -U.S. aid chief Samantha Power on Monday announced more than $500 million in humanitarian assistance during a visit to Ukraine, where the United Nations says some 17 million people need help following Russia’s invasion. She made the aid announcement, first reported by Reuters, at the State Emergency…
MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador on Monday urged Mexican-Americans not to vote for Texas Governor Greg Abbott in response to Texas putting a barrier of orange buoys in the Rio Grande to stop migrants crossing into the United States. Mexico’s incoming foreign minister, Alicia Barcena, said last week that the barrier…
MOSCOW (Reuters) – Inflationary expectations for the year ahead among Russian households climbed to 11.1% in July from 10.2% in June, the central bank said on Monday, just days before it is widely expected to raise its key interest rate from 7.5%. A Reuters poll on Monday suggested the Bank of Russia would hike rates…
ZURICH (Reuters) – A Swiss investors’ association is planning to file a lawsuit seeking compensation for former Credit Suisse shareholders, the latest legal action triggered by the bank’s emergency takeover by its cross-town rival UBS. “Due to the large number of inquiries, the Swiss Association for the Protection of Investors (SASV) has decided to coordinate…
By Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s central bank is expected to raise its policy rate by 500 basis points to 20% this week, a Reuters poll showed on Monday, making good on its pledge of further tightening with another sharp hike to curb inflation which is set to rise again. The central bank raised…
