Reuters UK/EU

By Naomi Rovnick, Chiara Elisei and Kirstin Ridley LONDON (Reuters) – Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional Tier-1 (AT1) debt to be wiped out under its rescue takeover by UBS. These higher-yielding junior bonds emerged from the 2008-2009 crisis as a …

Explainer-Credit Suisse bondholders seek legal advice on AT1 wipe-out Read More »

By Pratima Desai and Polina Devitt LONDON (Reuters) – The London Metal Exchange (LME) said on Thursday it has no reason to believe any other LME-approved facility is affected by the “irregularities” found in nine nickel warrants last week at one LME-licensed warehouse. Last week, the LME cancelled the nine warrants – documents conferring ownership …

LME finds no further ‘irregularities’ in warranted nickel Read More »

By Pratima Desai LONDON (Reuters) – Buyers of nickel on the London Metal Exchange nervous about receiving material that does not meet specification are rolling their positions forward by selling nearby contracts and buying longer-dated ones, traders said. The LME said last Friday it had cancelled nine warrants or 54 tonnes of nickel which had …

LME nickel buyers worried about stones don’t want to take delivery Read More »

By Maya Gebeily BEIRUT (Reuters) -The International Monetary Fund warned on Thursday that Lebanon was in a very dangerous situation a year after it committed to reforms it has failed to implement and said the government must stop borrowing from the central bank. IMF mission chief Ernesto Rigo told a news conference in Beirut that …

IMF: Lebanon in ‘very dangerous situation’ with reforms stalled Read More »

ANKARA (Reuters) – The Turkish parliament’s foreign affairs commission approved a bill ratifying Finland’s bid to join NATO, state broadcaster TRT Haber reported on Thursday, effectively taking Helsinki another step toward membership of the trans-Atlantic pact. Parliament’s general assembly still needs to approve the bill and is expected to do so before it closes in …

Turkish parliamentary commission approves Finland’s NATO bid -TRT Haber Read More »

WARSAW (Reuters) -Britain’s Prince William met the Polish president in Warsaw on Thursday, on the second day of a visit to the country to thank troops and local people for their support for Ukraine. Before meeting President Andrzej Duda, the heir-to-the throne laid a wreath at the Tomb of the Unknown Soldier, a monument dedicated …

UK’s Prince William thanks Poland for helping Ukraine Read More »

LONDON (Reuters) -Unions representing junior doctors in England on Thursday announced a four-day strike next month, saying the government had failed to make a credible new pay offer. The British government is engaged in pay disputes across several sectors as workers demand higher wages to keep pace with surging inflation, with strikes in schools, on …

Junior doctors in England to strike for four days in April Read More »