By Andrea Shalal, Jonathan Landay and Arshad Mohammed WASHINGTON (Reuters) -The World Bank’s management has approved a plan to use some $1 billion in a frozen Afghanistan trust fund for education, agriculture, health and family programs, according to a bank paper and two sources, in what would be a major boost to efforts to ease …
Exclusive-World Bank proposal would shift about $1 billion from Afghan trust Read More »
WASHINGTON (Reuters) -A move banning Russia from the SWIFT financial system is unlikely to be included in an initial sanctions package against Russia if it invades Ukraine, a White House official said on Friday, noting that allies are converging on a final suite of measures. Speaking at a White House press briefing, deputy national security …
SWIFT banking curbs unlikely to be in initial Russia package, White House says Read More »
(Reuters) -The United States on Friday ended a ban on imports of avocados from Mexico’s Michoacan state and restarted an agricultural inspection program it had halted out of concern for the safety of U.S. workers. In its announcement, the U.S. Department of Agriculture (USDA) said imports could resume immediately. The United States had paused its …
U.S. will immediately resume Mexican avocado imports, USDA says Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – After a turbulent start to the year, investors are betting stock market volatility isn’t going away anytime soon. While tensions between Russia and Ukraine have been the most recent driver of stock market gyrations, many expect inflation, uncertainty over monetary policy and stretched valuations to keep stirring …
As stocks swing, investors bet choppy markets are here to stay Read More »
KUALA LUMPUR (Reuters) – Malaysia’s exports rose 23.5% from a year earlier in January, government data showed on Friday. Imports in January grew 26.5% year-on-year, while the trade surplus for the month came in at 18.4 billion ringgit, data from the International Trade and Industry Ministry showed. (Reporting by Rozanna Latiff; Editing by Shri Navaratnam)
BEIJING (Reuters) -China’s state planner on Friday issued rules to promote a faster recovery from the COVID-19 pandemic in the services sector, including providing tax incentives to the catering, retail, tourism and aviation industries. The National Development and Reform Commission also said it would guide online food delivery platforms to lower operating costs for catering …
China issues new measures to spur COVID recovery for services sector Read More »
By Fergal Smith TORONTO (Reuters) – The Canadian dollar was little changed against its safe-haven U.S. counterpart on Thursday despite Wall Street tumbling on geopolitical worries, with investors sticking to bets that the Bank of Canada would hike interest rates multiple times in 2022. The loonie was nearly unchanged at 1.2686 to the greenback, or …
C$ weathers Ukraine risk as rate hike bets remain intact Read More »
By Michelle Price and Katanga Johnson WASHINGTON (Reuters) -U.S. authorities filed criminal and civil charges against the founder and former chief investment officer of investment adviser Infinity Q Capital Management LLC, alleging he engaged in a fraudulent scheme to inflate the value of assets the firm advised. Infinity Q was forced last year to liquidate …
U.S. authorities sue Infinity Q Capital Management, alleging fraud Read More »
By Davide Barbuscia NEW YORK (Reuters) – Lockstep declines in bonds and stocks are sending investors into defensive products such as credit swaps, convertibles and even cash as they seek refuge from the market’s recent gyrations. BlackRock Inc’s iShares iBoxx $ Investment Grade Corporate Bond ETF has fallen by nearly 7% year-to-date to its lowest …
Analysis-‘Few places to hide’: investors seek shelter as stocks, bonds fall together Read More »
By Nerijus Adomaitis OSLO (Reuters) -Norway’s oil and gas firms plan to invest almost $18 billion this year, more than originally expected, as they take advantage of pandemic-era tax incentives, a national statistics office (SSB) survey showed on Thursday. The forecast is bound to draw criticism from environmentalists, who argue companies should be reining in …
