By Sakura Murakami and Tim Kelly TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida will join NATO leaders in Lithuania on Tuesday to remind an alliance focused on Ukraine to pay heed to Chinese and Russian activity in Asia, which Japan sees as a threat to global security. Kishida’s second visit to a North Atlantic Treaty…
By Marc Jones LONDON (Reuters) – Stock markets were sluggish and the dollar and bond yields shuffled higher on Thursday as the likelihood of a further jump in global borrowing costs, including a possible 100 basis point U.S. rate hike next week, kept the bears on the prowl. With recession worries still nagging, Wall Street…
By Jesús Aguado MADRID (Reuters) -Caixabank on Friday beat first-quarter net profit forecasts, helped by higher lending income, which the Spanish bank said would rise more than 30% in 2023 after raising its guidance, even as retail deposits dipped compared with December. Banks across Europe are benefiting from higher interest rates, and Caixabank’s net interest…
Stocks wobbled to a mixed close on Wall Street Friday, but every major index notched weekly gains in a holiday-shortened week. Investors faced a relatively quiet day, though concerns about inflation, high interest rates and a potential recession still hover over Wall Street. Markets were closed on Thursday for the Thanksgiving holiday and closed at…
(Reuters) – Banco Bilbao Vizcaya Argentaria, Banco Santander SA and Bank of America Corp together plan to fund Mexico’s $6 billion deal to purchase power plants from Spain’s Iberdrola, Bloomberg News reported on Thursday citing people familiar with the talks. The three lenders are among a consortium looking to finance the deal, the report said,…
By Gabrielle Tétrault-Farber and Emma Farge GENEVA (Reuters) -Former White House adviser Amy Pope was elected to head the U.N. migration agency, prevailing on Monday in a tense contest against a Portuguese incumbent who had the support of European countries. The International Organization for Migration (IOM) said Pope would become the first woman to lead…
NAIROBI, Kenya (AP) — East Africa’s leaders have responded to the threat of war between Rwanda and Congo by instructing a new regional force to deploy in eastern Congo and ordering an immediate cease-fire. A statement after the leaders’ meeting in Kenya’s capital, Nairobi, didn’t give details on the date of the force’s deployment or…
By Lewis Krauskopf NEW YORK (Reuters) -A U.S. stocks rally is cruising into a month that has proven strong in recent years, though equities must navigate employment data and an earnings season that could be precarious, with the Federal Reserve bent on raising U.S. interest rates. The S&P 500 defied recession fears and a U.S….
By Christian Kraemer and Leika Kihara NIIGATA, Japan (Reuters) -Finance leaders of the Group of Seven (G7) rich nations warned of heightening global economic uncertainty on Saturday, as they wrapped up a three-day meet overshadowed by a U.S. debt ceiling stalemate and fallout from Russia’s invasion of Ukraine. Their gathering in the Japanese city of…
By Jesús Aguado, Andres Gonzalez and Iain Withers MADRID/LONDON (Reuters) – Santander is accelerating growth of its investment bank by hiring at least 50 bankers primarily in the United States, two people with knowledge of the matter told Reuters. Spain’s biggest bank is best-known as a retail lender in Europe and Latin America, but wants…
