By John Revill ZURICH (Reuters) -The Swiss National Bank raised its policy interest rate by 25 basis points on Thursday as the central bank pressed ahead with its campaign to dampen stubborn inflation and signalled that more tightening was likely to come. Chairman Thomas Jordan pointed to rising inflationary pressures and the danger of price…
PARIS (Reuters) – Following are highlights of what world leaders said at a summit in Paris on Thursday to boost crisis financing for poor countries, reform post-war financial systems and free up funds to tackle climate change. ON REFORM “Even with the capital that the World Bank and the MDBs (multinational development banks) have, there…
MOSCOW (Reuters) -The Russian chapter of the global environmental campaign group WWF on Thursday said it had cut ties with WWF International after Russia designated WWF as an “undesirable organisation”. The label is equivalent to a ban on the group’s activities in Russia. On Wednesday, the prosecutor-general had accused WWF-Russia of presenting “security threats in…
By Louise Dalmasso PARIS (Reuters) -A French robot that can dive to 20,000 feet (6,000 metres) underwater is on its way to help find a tourist submersible that vanished as it descended to the Titanic wreck and it could help free the sub if it is trapped, its operator said on Wednesday. The unmanned robot,…
A look at the day ahead in U.S. and global markets from Mike Dolan Even if investors sense light at the end of the tunnel, Western central banks are clearly not finished tightening credit just yet – certainly not in ‘inflation outlier’ Britain. Federal Reserve chair Jerome Powell threw more cold water on hopes for…
MOSCOW (Reuters) – A Russian court on Thursday rejected U.S. reporter Evan Gershkovich’s appeal against his pre-trial detention on charges of espionage that he denies, a Reuters reporter at the court said. Gershkovich, 31, was arrested in March and accused by the FSB security service of collecting military secrets in the Urals city of Yekaterinburg….
ZURICH (Reuters) – The Swiss National Bank will consider closely the size of UBS following the completion of its takeover of Credit Suisse, the central bank’s vice-chairman said on Thursday. “Of course because it is such a big bank it needs to have higher capital requirements,” Martin Schlegel told an news conference in Zurich. He…
BERLIN (Reuters) – The German government has loosened its requirements for export credit guarantees for companies doing business with Ukraine in an effort to shore up economic recovery in the country, the economy ministry said Thursday. Effective immediately, the application procedure will no longer require bank guarantees if the risk is justifiable, replacing a stricter…
By Asif Shahzad (Reuters) -Pakistan’s Prime Minister Shehbaz Sharif on Thursday briefed International Monetary Fund’s managing director Kristalina Georgieva on the economic outlook of the cash-strapped South Asian nation, hoping for the release of critical stalled funds. The meeting on the sidelines of the Global Financing Summit in Paris came with about a week left…
KYIV (Reuters) – Ukraine’s military on Thursday reported “partial success” in fighting in the southeast and east, where it said its troops were continuing to conduct offensive operations. Kyiv’s forces, which began a military push against Russian forces this month, were reinforcing the positions they reached after attacking towards the southeastern villages of Rivnopil and…
