LONDON (Reuters) – A Washington stalemate on whether to increase the U.S. debt ceiling has raised the risk of a default as early as June and threatens a fresh rout in financial markets. While analysts reckon a crisis will be averted, just an increased probability of default would send shock waves across markets, said Janus …
By Gibran Naiyyar Peshimam and Asif Shahzad ISLAMABAD (Reuters) -The International Monetary Fund (IMF) is working with Pakistan to conclude a ninth review of a bailout programme, its mission chief said on Friday of the funding critical for the cash-strapped nation to avert an economic collapse. Pakistan and the IMF have been discussing fiscal policy …
IMF to wrap up Pakistan bailout review once financing in place Read More »
(Reuters) -Energy group Edison on Friday forecast its core earnings would increase to between 1.4 billion euros ($1.54 billion) and 1.6 billion euros this year after they rose 52.4% in the first quarter. The company, controlled by France’s EDF, said its earnings before interest, tax, depreciation and amortisation (EBITDA) reached 544 million euros in the …
Edison sees 2023 core profit rising after solid first quarter Read More »
By Geert De Clercq PARIS (Reuters) – The French government plans to spend two billion euros ($2.2 billion) through 2027 to improve cycle infrastructure and help people buy bikes in an effort to reduce car use and boost cycling, government ministers said on Friday. The aim will be to double the cycle lane network and …
France to spend 2 billion euros to boost bicycle usage Read More »
KYIV (Reuters) – Pink cherry blossom has brought a touch of spring to a Kyiv park still strewn with barbed wire and anti-tank barriers. Picking their way through the defences and past signs warning of landmines, Kyiv residents are revelling in the splash of colour in Kyoto Park, a symbol of Ukrainian-Japanese friendship on the …
Cherry blossom mingles with barbed wire and trenches in Kyiv park Read More »
Berlin (Reuters) – Das FDP-geführte Bundesfinanzministerium hat sich ablehnend zu Plänen von Wirtschaftsminister Robert Habeck (Grüne) geäußert, einen nach unten subventionierten Strompreis für die Industrie einzuführen. “Für dieses Vorhaben stehen keine Finanzmittel zur Verfügung”, sagte eine Sprecherin des Finanzministeriums am Freitag in Berlin. Auch eine Umwidmung der Mittel im Krisenfonds WSF sei aus Sicht von …
Finanzministerium lehnt Habeck-Konzept für Industriestrompreis ab Read More »
By Jonathan Saul LONDON (Reuters) – The pace of shipments from Ukraine under a U.N.-backed initiative has slowed as concerns grow over ships getting stuck if a deal is not renewed later this month, according to sources and data. Russia, which is one of the key parties involved, said it will keep talking although Moscow …
Shipments from Ukraine slowing as Black Sea grain deal deadline nears Read More »
(Reuters) -Economists at UBS expect the benchmark interest rate in the eurozone to peak at 3.75%, while Societe Generale sees it at 4% after the European Central Bank (ECB) signalled more tightening ahead. The central bank slowed the pace of rate increases on Thursday by delivering a quarter percentage point hike, raising the terminal rate …
UBS raises expectations for ECB’s terminal rate; SocGen sees it peaking at 4% Read More »
– von Alexandra Schwarz-Goerlich und Tom Sims Wien (Reuters) – Das Wiener Geldhaus Raiffeisen Bank International (RBI) profitiert weiter von seinem umstrittenen Russland-Geschäft. Das österreichische Institut verdreifachte seinen Gewinn in dem Land, das Krieg gegen die Ukraine führt, im ersten Quartal auf 301 Millionen Euro von 96 Millionen Euro, wie aus einer am Freitag veröffentlichten …
Raiffeisen Bank verdient prächtig in Russland und hebt Ziele an Read More »
By Krishn Kaushik GOA, India (Reuters) – The foreign ministers of India, Russia and Pakistan on Friday called for a representative government in Afghanistan and the protection of women’s rights, almost two years after the Islamist Taliban swept to power in Kabul. They were speaking at the day-long meeting of foreign ministers of the Shanghai …
India, Russia, Pakistan urge Taliban to respect rights of all Afghans Read More »
