By Orathai Sriring and Panarat Thepgumpanat BANGKOK (Reuters) -An eight-party alliance seeking to form Thailand’s next government reaffirmed its backing for Pita Limjaroenrat to become prime minister, Pita said on Monday, despite his defeat last week in a parliamentary vote. Pita, leader of the progressive Move Forward party – the surprise winner of a May…
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…
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s central bank is expected to hike rates to 8% on Friday, increasing the cost of borrowing for the first time in over a year as the rouble’s sharp slide adds to inflation pressure, a Reuters poll showed. The bank has held rates at 7.5% since…
(Reuters) – Russia refused on Monday to extend the agreement that has enabled Ukraine to export grain from its Black Sea ports for the past year, complaining that promises to free up its own shipments of food and fertilisers had not been kept. Russia’s Foreign Ministry said it had notified Ukraine, Turkey and the United…
By Vivian Sequera CARACAS (Reuters) – The families of Venezuelan migrants lost in the Caribbean sea are demanding their government investigate the disappearance of their loved ones after years of stasis. At least 150 people have gone missing in connection with a series of vessels which have sunk between Venezuela’s north coast and islands in…
By Elisha Bala-Gbogbo and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s inflation rose for the sixth month in a row in June, to 22.79% year-on-year from 22.41% in May, putting pressure on the central bank to tighten policy further when it meets to set interest rates next week. Next week’s meeting will be the first since…
By Dan Williams JERUSALEM (Reuters) – Israeli Prime Minister Benjamin Netanyahu pledged to crack down on Monday against threatened no-shows for military reserve duty by opponents of his judicial overhaul plan, saying such actions were anti-democratic and risked emboldening the country’s foes. With the religious-nationalist coalition set to ratify a key reform before parliament goes…
By Ross Kerber (Reuters) – The world’s top asset manager BlackRock said it will offer proxy voting choices to U.S. retail investors of its biggest exchange-traded fund, expanding a strategy that could blunt criticism of how the firm considers environmental, social and governance (ESG) matters. A representative for New York-based BlackRock said it plans to…
(This July 16 story has been corrected to fix David Sandalow’s quote to say ‘climate diplomacy,’ not ‘diplomacy,’ in paragraph 6) By Valerie Volcovici WASHINGTON (Reuters) – The United States and China will look to revive efforts to combat global warming this week, in bilateral meetings that observers hope will raise the bar on ambitions…
A look at the day ahead in U.S. and global markets from Mike Dolan China’s spluttering recovery set the tone for world markets on Monday after a bumper week of U.S. disinflation news was capped with impressive bank results and rising consumer confidence. In what was read as another underwhelming collection of macro updates, China…
