FRANKFURT (Reuters) -Christine Lagarde is determined to complete her eight-year term as president of the European Central Bank, the ECB said on Wednesday after the Financial Times reported that she held talks about leaving early to lead the World Economic Forum. The newspaper said Lagarde, who still has more than two years left in her …
ECB’s Lagarde determined to complete her term, spokesperson says Read More »
By Giuseppe Fonte and Angelo Amante ROME (Reuters) -Italian Economy Minister Giancarlo Giorgetti said on Wednesday he would resign if he were overruled on “golden power” conditions the government has tied to UniCredit’s bid for smaller bank Banco BPM. Giorgetti, from the hard-right League party, was speaking after reports in Italian newspapers, citing government sources, …
Italy Finance Minister says could quit as government splits on UniCredit Read More »
By Darya Korsunskaya and Alexander Marrow (Reuters) -Finance Minister Anton Siluanov said on Wednesday an adjustment to the $60 oil cut-off price for Russia’s budget rule should be considered, marking a potential policy shift that could impact Moscow’s ability to raise spending and build up cash reserves. Under the budget rule, the Finance Ministry sells …
Russian finance minister returns to idea of adjusting oil price budget rule Read More »
BRUSSELS (Reuters) – The European Union lifted economic sanctions on Syria on Wednesday in an effort to support the country’s transition and recovery after the toppling of former president Bashar al-Assad. The move follows a political agreement reached last week by EU foreign ministers to lift the sanctions. The EU will keep sanctions related to …
MOSCOW (Reuters) -Russia’s central bank defended its tight monetary policy in a report on Wednesday, saying high rates had contributed to a slowdown in lending and fostered signs of disinflation, but pointed to low oil prices as a key risk for the Russian economy. The central bank, battling stubbornly high inflation, has stood firm for …
Russian central bank warns of oil price risks as it defends high rates Read More »
By Leigh Thomas PARIS (Reuters) -French taxi drivers are protesting regularly over proposed government cuts to cash for ferrying patients to and from medical appointments, highlighting the challenge Prime Minister Francois Bayrou faces as he seeks to slash next year’s budget. Bayrou is hoping to push through a 40 billion euro ($45 billion) budget squeeze …
French taxi protests test PM’s budget-cutting resolve Read More »
LONDON (Reuters) -London’s Heathrow Airport responded well to a major power outage in March that forced Europe’s busiest hub to shut down for almost a day, a review commissioned by the airport concluded on Wednesday. The March 21 closure of Heathrow cost airlines tens of millions of pounds and stranded hundreds of thousands of passengers. …
UK’s Heathrow responded well to outage in March, internal review finds Read More »
ZURICH (Reuters) -The Swiss government wants to resolve customs issues with the United States and has agreed a draft negotiating mandate on trade and economic matters to be sent to parliament’s foreign policy committees and the cantons, it said on Wednesday. Bern does not expect an economic slump as a result of U.S. tariffs although …
Swiss government agrees negotiating mandate on tariffs with U.S Read More »
By Valentina Za and Lefteris Papadimas MILAN/ATHENS (Reuters) -UniCredit has doubled its stake in Greece’s Alpha Bank to nearly 20% subject to regulatory approval, the Italian bank said on Wednesday, as it diverted its attention away from M&A stumbling blocks elsewhere. UniCredit has challenged in court government conditions hampering a bid for domestic peer Banco …
UniCredit doubles stake in Greek bank Alpha in latest M&A twist Read More »
By Linda Pasquini (Reuters) -Sterling was steady against the dollar on Wednesday, hovering near Monday’s three-year high, as it continued to be supported by favourable economic data last week as well as Britain’s recent trade deals. Investors also looked towards a multi-year spending review by finance minister Rachel Reeves in two weeks which will set …
Sterling steady against the dollar as economic data, trade deals offer support Read More »
