MANILA (Reuters) – Philippine Finance Secretary Benjamin Diokno said he expected the central bank, of which he is a policymaker, to take a “long pause” in raising interest rates steady as inflation is expected to ebb. The bank held its key policy rate steady at 6.25% for a second straight meeting on Thursday. “I think…
By Andrew Gray BRUSSELS (Reuters) – Ukraine’s work with allies to build broad international support for a peace blueprint has made progress but any summit to endorse a document is at least months away, officials said. Senior officials from Ukraine, G7 countries, the European Union and nations such as Brazil, India, Saudi Arabia, South Africa…
By Jeff Mason and Jarrett Renshaw WASHINGTON (Reuters) – The White House on Monday divvied up $42 billion among the nation’s 50 states and U.S. territories to make access to high-speed broadband universal by 2030, as it launched a new publicity campaign for President Joe Biden’s economic policies. The funding under the Broadband Equity Access…
WASHINGTON (Reuters) -The U.S. Army said on Monday it had selected General Dynamics and American Rheinmetall to compete to replace the Bradley fighting vehicle, in a deal that could be worth more than $45 billion to the winner. The two, narrowed from an original field of five, will get contracts to develop detailed digital designs…
(Reuters) – Costa Rica has unlocked a total of around $519 million for its economic reform program and a climate and sustainability program, the International Monetary Fund (IMF) said on Monday. Around $274 million went to the economic reform program, which is one installment in the more than $1 billion Costa Rica has received from…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Tuesday are set to open on the defensive, pressured by worries over inflation and ‘higher for longer’ interest rates globally more than fallout from the brief uprising by Russian mercenaries against the…
By Ismail Shakil OTTAWA (Reuters) -The aborted mutiny in Russia is an internal issue for Moscow and speculation over it could prove counterproductive, Canadian Prime Minister Justin Trudeau said on Monday, joining Western allies in taking a wait-and-see approach to a revolt that has sown doubt over President Vladimir Putin’s grip on Russia. Senior Russian…
ISLAMABAD (Reuters) -Pakistan’s foreign ministry on Monday summoned the U.S. embassy’s deputy chief of mission to express concern over a statement last week by U.S. President Joe Biden and Indian Prime Minister Narendra Modi that called on Pakistan to ensure its territory was not used as a base for militant attacks. The statement from the…
(Reuters) -Russian President Vladimir Putin made a defiant televised address on Monday evening, saying he had deliberately let Saturday’s 24-hour mutiny by the Wagner militia go on as long as it did to avoid bloodshed, and that it had reinforced national unity. The statement, his first on the issue since he spoke on Saturday promising…
By David Brunnstrom and Eric Beech WASHINGTON (Reuters) -U.S. Chief of Naval Operations Admiral Michael Gilday said on Monday the United States did not underestimate the difficulties ahead in realizing a three-nation project to supply Australia with nuclear-powered submarines and still did not know exactly where the initial batch of vessels would come from. U.S….
