By Marianna Parraga HOUSTON (Reuters) -Toronto-listed miner Gold Reserve on Monday accused firms advising a U.S. court on the auction of Citgo Petroleum’s parent of receiving some $170 million in fees from a bidder that was recommended as the winner of the process and parties that would obtain proceeds as a result. The auction of …
Gold Reserve says fees totaling $170 million jeopardize Citgo auction Read More »
By Nupur Anand, Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -Jitters around U.S. banks’ exposure to loan losses have fueled expectations for more mergers and acquisitions as big buyers may be spurred to look to absorb smaller or weaker rivals, according to four senior industry sources. More than two years after the sudden failure …
Analysis-US bank rout prompts deal speculation as credit worries loom Read More »
By Sukriti Gupta and Purvi Agarwal (Reuters) -European shares closed higher on Monday, as initial concerns over the stability of the U.S. banking sector eased, while fresh comments from U.S. President Donald Trump helped calm trade tensions, encouraging investors to move toward riskier assets. The continent-wide STOXX 600 index jumped back from its nearly 1% …
European shares recover as easing US bank jitters drive risk appetite Read More »
LONDON (Reuters) -Turkey will stick to its push to bring down inflation with the country’s finance minister pointing to temporary factors for a loss of momentum on the disinflation path, the president of the European Bank for Reconstruction and Development told Reuters. Odile Renaud-Basso, just returned from the International Monetary Fund and World Bank annual …
EBRD president says Turkey will stick with push to curb inflation Read More »
LONDON (Reuters) -JPMorgan reduced its forecast for Turkey’s interest rate cut on Monday and revised its inflation outlook higher, warning that domestic political developments posed upside risks for both benchmark rates and price pressures. The Wall Street bank said it now expected the central bank, which meets on Thursday, to lower its one-week repo rate …
JPMorgan trims Turkey rate cut forecast, ups inflation predictions, flags risks ahead Read More »
BEIJING (Reuters) -Chinese exports to North Korea soared in September from a year earlier, posting a two-digit increase after recording 2025’s first on-year decline in August, customs data showed on Monday. Shipments to North Korea reached $228.1 million last month, up 30.75% year-on-year, data from China’s General Administration of Customs showed. Exports grew 54.53% on …
Chinese exports to North Korea surge in September Read More »
By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s annual inflation accelerated in the third quarter, coming in at 3.0%, in line with analysts’ forecasts and at the top end of the central bank’s target range, official data showed on Monday. The consumer price index rose 1.0% in the third quarter from the previous quarter, Statistics New …
New Zealand inflation hits 3%, top of central bank’s target band Read More »
By Andrea Shalal WASHINGTON (Reuters) -New Zealand Finance Minister Nicola Willis said regional and bilateral trading relationships will continue to strengthen against the backdrop of the worsening U.S.-China trade war, as small countries like hers adjust to a new reality and hold fast to priorities such as fighting climate change. Willis said in an interview …
New Zealand’s Finance Minister eyes stronger regional ties in face of US-China trade war Read More »
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -International Monetary Fund chief Kristalina Georgieva on Friday said she hoped the U.S. and China could ease trade tensions and avoid a cutoff in the flow of rare earths to the global economy that she said would have a “material impact” on growth. Such a scenario would …
IMF chief hopes for easing of US, China tensions to avoid hit to global economy Read More »
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Friday gave specific marching orders for the International Monetary Fund and World Bank to take tougher stances on China’s state-driven economic practices as part of his push to get the global lenders to refocus on their core missions. In a statement …
Bessent urges IMF, World Bank to take tougher stance on China’s economic practices Read More »
