By Mariano Valldolid and Marco Trujillo SILVES, Portugal (Reuters) -Police deployed heavy equipment and sniffer dogs on Wednesday, the second day of a search at a remote reservoir in Portugal for evidence linking a German suspect to the disappearance of British toddler Madeleine McCann 16 years ago. Emergency services brought in a remote-controlled tractor-mounted tree…
By John Revill (Reuters) -UBS has been a net gainer in customer balances following its rescue of Credit Suisse, Chairman Colm Kelleher said on Wednesday, citing positive feedback from wealthy clients. Bank mergers can sometimes lead to turbulence, with clients withdrawing their cash, although this tended to happen very quickly, Kelleher told a WSJ event…
By Andrew Osborn (Reuters) – One of Russia’s top spy chiefs on Wednesday said the West had sown the seeds of its own destruction by turning away from what he called its core traditions and told it to “go to the devil” and stop interfering in global affairs. In remarks at a security forum outside…
By Huw Jones LONDON (Reuters) – European Union plans to increase protections for consumers of financial services are reigniting a long-simmering power battle between national and EU regulators that could hamper how the tougher safeguards will be enforced. The European Commission, the EU’s executive body, on Wednesday proposed stricter rules on selling financial products, such…
By Lewis Jackson SYDNEY (Reuters) -The Australian Treasury has referred a confidential document leak scandal involving professional services firm PricewaterhouseCoopers (PwC) to police, Secretary to the Treasury Steven Kennedy said on Wednesday. The government, a PwC Australia client, has accused the firm of using confidential information about new anti-tax avoidance measures to win more business,…
By Mike Dolan LONDON (Reuters) -Hype or hope, this year’s boom in artificial intelligence along with other productivity-enhancing tech developments may be one of few ways to sustain an increasingly fragile “global balance sheet” over coming decades. There is little doubt about the market heat, corporate alarm and social anxieties created in the mere six…
A look at the day ahead in European and global markets from Kevin Buckland Britain gets a read on how much inflation is receding under the weight of 450 basis points of hikes since December 2021, when rates were near zero. The consensus call is for a retreat to 8.2% for April, ostensibly much less…
By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ output cuts. Brent crude futures rose 85 cents, or 1.1%, to settle at $76.84 a barrel, while the U.S. West Texas…
By Karen Brettell and Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar hit a two-month high against a basket of currencies on Tuesday as a lack of progress in talks over increasing the U.S. debt limit hurt investors’ appetite for risk-taking. Representatives of President Joe Biden and congressional Republicans ended another round of…
ZURICH (Reuters) – Credit Suisse senior managers will have their outstanding bonus payments for 2022 either cancelled or reduced following an order issued on Tuesday by the Swiss Finance Ministry. The order affects the top three levels of Credit Suisse management and follows the multi-billion franc state rescue of Switzerland’s second biggest bank. Governments rarely…
