NEW DELHI (Reuters) – Most G20 member nations are of the view that banking systems and regulations in their countries are steady, India’s chief economic advisor said on Wednesday. “Most country members who spoke expressed the view or the hope that their individual country regulations and banking systems were sound, and they don’t anticipate any…
By Richa Naidu LONDON (Reuters) – As a new European Union zero-tolerance deforestation law looms, several major investors told Reuters they are concerned about their exposure to the issue, with some saying they could quit consumer goods makers with “risky” supply chains. The EU agreed in December a new rule to prevent companies from selling…
By Pablo Mayo Cerqueiro LONDON (Reuters) – Deutsche Bank has added three senior dealmakers to its team of bankers advising other financial institutions, such as insurance companies and lenders, according to a memo seen by Reuters on Wednesday and confirmed by a company spokesperson. It has hired Marie-Soazic Geffroy as global co-head of its Financial…
By David Lawder KINGSTON, Jamaica (Reuters) – World Bank President Ajay Banga told Reuters that he will “push” the lender’s balance sheet hard to help fight climate change and other crises, but this may only yield tens of billions of dollars in additional annual lending, not the hundreds of billions hoped for by some. Banga…
(Reuters) – A look at the day ahead in U.S. and global markets from Harry Robertson. There’s only one show in town today: Jerome Powell’s mystery monetary tour. Powell’s Federal Reserve is embarking on something of a new era: instead of the strong “forward guidance” that has steered markets in recent years, officials have said…
By Katherine Masters NEW YORK (Reuters) – A bipartisan group of U.S. lawmakers planned to introduce a bill on Wednesday to eliminate a tariff exemption widely used by e-commerce sellers to send orders from China to U.S. shoppers, one of the sponsors said. The exception, known as the de minimis rule, exempts imports valued at…
By Guy Faulconbridge MOSCOW (Reuters) – Russian President Vladimir Putin in March announced a plan to deploy tactical nuclear weapons in Belarus, Moscow’s first move of such warheads outside Russia since the 1991 fall of the Soviet Union. What is known about the deployment? WHAT DID PUTIN SAY? Putin’s nuclear deployment is a message to…
BRUSSELS (Reuters) – EU antitrust chief Margrethe Vestager will hold a news conference on an antitrust case at 1045 GMT, the European Commission said on Wednesday without providing details. Vestager is expected to focus on alleged anti-competitive practices by Alphabet’s Google in its digital advertising business, a person familiar with the matter has previously told…
By Naomi Rovnick and Harry Robertson LONDON (Reuters) – Soaring interest rates, slowing economic growth and a banking sector still recovering from a March rout might suggest a note of market caution, yet world stocks are at 14-month highs, the S&P 500 stock index has entered a bull market and gauges of volatility are eerily…
By Andrea Shalal and Jeff Mason WASHINGTON (Reuters) -President Joe Biden on Tuesday denounced racism in the United States and said the Juneteenth holiday was meant to help underscore American values that he said were under threat. Speaking at the White House’s first big Juneteenth celebration, a concert that featured performances by singers Jennifer Hudson,…
