LONDON (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight sticky inflation. The 25-basis-point increase to the ECB’s three policy rates was the smallest since it started lifting them last summer and the central bank …
Instant View: ECB delivers seventh consecutive rate hike Read More »
(Reuters) -Italy’s ‘Ndrangheta has supplanted Sicily’s Cosa Nostra as the country’s most powerful mafia organisation, and has spread across Europe and the rest of the world. Here are a few facts about the fearsome group. ORIGIN, CELEBRITY KIDNAPPING AND COCAINE The ‘Ndrangheta originates from Calabria, the impoverished southern region at the tip of Italy’s boot. …
The ‘Ndrangheta: Italy’s most powerful mafia group Read More »
By Andrey Sychev (Reuters) -Adecco Group beat first-quarter sales expectations on Thursday as companies turned to temporary workers after laying off staff to cope with economic uncertainty. The group reported an 8% rise in quarterly sales to 5.89 billion euros ($6.53 billion), beating analysts’ consensus forecast of 5.83 billion euros. Sales in its biggest unit …
Adecco sales top forecast as corporate Europe hires temps Read More »
LONDON (Reuters) – Euro zone government bond yields fell along with the euro on Thursday after the European Central Bank raised interest rates by 25 basis points (bps), as expected. The two-year German yield, which is sensitive to interest rate expectations, was last down 10 bps to 2.58%, its lowest level in a month, compared …
Euro zone bond yields and euro fall after ECB hikes rates Read More »
By Lewis Jackson SYDNEY (Reuters) – Australia has lowered its forecast for the cost of servicing government debt over the next three years, though the government still sees annual repayments rising to a peak in fiscal 2025/26 before declining slightly. Interest payments on Australian government securities are forecast to total A$85.8 billion ($57.18 billion) between …
Australia budget to trim forecast for cost of servicing debt for next three years Read More »
TOKYO (Reuters) – Japan has not made any concrete plans for high-level talks with China, Japanese Prime Minister Fumio Kishida said on Thursday. Kishida made the comment at a press conference in Mozambique where he was wrapping up a trip to Africa. He said he had discussed the situation in Sudan with African leaders and …
Japan’s Kishida says no concrete plans on high-level talks with China Read More »
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Shipping group Maersk on Thursday reported first-quarter earnings above expectations and maintained its 2023 profit guidance as it expects a recent drop in demand for container shipments to stabilize around mid-year. Maersk, which transports goods for retailers and consumer companies such as Walmart, Nike and Unilever, said the number of …
Maersk expects recent drop in container demand to stabilize by mid-year Read More »
Por Pavel Polityuk KIEV (Reuters) – Rusia afirmó el jueves que Estados Unidos está detrás de lo que considera un ataque con drones contra el Kremlin que pretendía matar al presidente Vladimir Putin, mientras las fuerzas de Moscú lanzaron más drones de combate contra ciudades ucranianas, incluida la capital, Kiev. El presidente ucraniano, Volodímir Zelenski, …
FRANKFURT (Reuters) – The European Central Bank will stop reinvesting cash from maturing bonds bought under its 3.2 trillion Asset Purchase Programme from July, it said on Thursday, taking another small step towards shrinking its oversized balance sheet. The ECB has been allowing 15 billion euros’ worth of bonds, mostly government debt, to expire since …
ECB to stop reinvesting cash in largest bond scheme Read More »
By MacDonald Dzirutwe LAGOS (Reuters) – Nigerian law student Umar Yusuf Yaru was relaxing in his apartment when he first heard gunfire last month in his Khartoum neighbourhood. For the next nine days, Yaru hunkered down alone as the Sudanese armed forces clashed with the paramilitary Rapid Support Forces (RSF), hoping the fighting would end. …
Nightmare in Sudan: African expats struggle to find way out Read More »
