By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s current account recorded a surplus in March, the highest in two years, the country’s central bank and market analysts said, following stringent import restrictions to manage the South Asian economy’s turmoil. Islamabad is trying to get an IMF bailout back on track and both sides have been engaged…
By Orhan Coskun and Birsen Altayli ANKARA (Reuters) – International investors are looking to increase investments in Turkey, notably in mergers and acquisitions, as they anticipate a shift to a more orthodox economic policy after May 14 elections, four government officials and analysts said. Opinion polls show President Tayyip Erdogan facing the greatest electoral challenge…
DUBLIN (Reuters) -Growth in services across the euro zone is still accelerating but the steady improvement in business and consumer sentiment may have stalled, European Central Bank chief economist Philip Lane said on Wednesday, calling recent developments mixed. The ECB has raised interest rates at its past six meetings and said that unless the economy…
By Soyoung Kim, Ju-min Park and Hyonhee Shin SEOUL (Reuters) – South Korea might extend its support for Ukraine beyond humanitarian and economic aid if it comes under a large-scale civilian attack, President Yoon Suk Yeol said, signalling a shift in his stance against arming Ukraine for the first time. In an interview with Reuters…
By Jason Lange WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval fell to 39% this month, nearing the lowest level of his presidency, as the U.S. economy showed signs of losing steam, a Reuters/Ipsos poll showed. The three-day poll, which ended on Sunday, showed a modest decline from last month, when 42% of respondents…
By Arshad Mohammed and Jonathan Landay WASHINGTON (Reuters) – It was huge, expensive and top secret. In the early 1970s the CIA built a gigantic ship called the Hughes Glomar Explorer to lift a sunken Soviet submarine from the bottom of the Pacific Ocean, according to a declassified history by the U.S. intelligence agency. But…
A look at the day ahead in U.S. and global markets from Mike Dolan For an investment world now so convinced of looming recession and substantially positioned for it, the incoming growth, inflation, banking and earnings pictures still won’t play ball. That leaves Wall St stocks in something of a sideways shuffle that has crushed…
(Reuters) – Mercedes-Benz has agreed on a buyback option for its Russian assets, the sale of which has now been granted official approval, the German carmaker said on Wednesday, bringing its exit from Russia one step closer. Mercedes, which suspended exports to Russia and local manufacturing in early March 2022, last year agreed to sell…
(Reuters) – Rheinmetall and Krauss-Maffei Wegmann (KMW) have received an order from the German army to upgrade 143 Puma infantry fighting vehicles, the companies said on Wednesday The order for their joint venture PSM is valued at around 770 million euros ($843.92 million), they said in a joint statement. According to the companies, they will…
By Helen Coster and Jack Queen WILMINGTON, Delaware (Reuters) -Fox Corp and Fox News on Tuesday settled a defamation lawsuit by Dominion Voting Systems for $787.5 million, averting a trial putting one of the world’s top media companies in the crosshairs over its coverage of false vote-rigging claims in the 2020 U.S. election. The settlement,…
