By Aidan Lewis CAIRO (Reuters) – Israeli and Palestinian officials agreed on Sunday to establish a mechanism to curb violence and incitement, in talks that stressed the need to prevent any disruptive actions at Jerusalem’s holy sites when Ramadan starts later this week. In a joint statement following talks in Egypt attended by U.S., Egyptian …
Israel, Palestinians pledge moves to curb violence ahead of Ramadan Read More »
By Stefania Spezzati, Oliver Hirt and John O’Donnell (Reuters) -Some of the world’s largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG on Sunday to buy rival Credit Suisse Group AG in a historic deal. UBS will pay 3 billion Swiss francs ($3.23 …
Central banks try to calm markets after UBS deal to buy Credit Suisse Read More »
BERLIN (Reuters) – Britain is ready to help Poland fill its air defence gaps caused by Warsaw sending some of its MiG-29 fighter jets to Ukraine but Poland has not yet made such requests, British Armed Forces Minister James Heappey was quoted as saying on Monday. Poland last week said it would send Ukraine four …
LONDON (Reuters) – The Bank of England welcomed moves by the Swiss authorities to broker a take-over by UBS of Credit Suisse on Sunday, indicating it would support approval of the deal, and it said the British banking system was well funded. UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss …
Bank of England welcomes Credit Suisse deal, says UK banks are safe Read More »
LONDON (Reuters) – Britain’s Financial Conduct Authority said on Sunday it was minded to approve Swiss bank UBS’ takeover of Credit Suisse bank, both of which have operations in London, to support financial stability. “Earlier today, the Swiss authorities announced a wide range of actions to support financial stability. The FCA has been in contact …
UK’s FCA says minded to back Swiss moves to support financial stability Read More »
(Reuters) -British retailer John Lewis, which has been 100% owned by its staff, is considering diluting its partnership structure, The Sunday Times reported on Saturday. The report said that the company would consider selling only a minority stake and its priority would be to maintain majority employee ownership. Chairperson Sharon White is in the early …
UK’s John Lewis eyes end of 100% staff ownership – The Sunday Times Read More »
By Stefania Spezzati and Elisa Martinuzzi LONDON (Reuters) – At least two major banks in Europe are examining scenarios of contagion possibly spreading in the region’s banking sector and looking to the Federal Reserve and the ECB to step in with stronger signals of support, two senior executives with knowledge of the deliberations told Reuters. …
By John O’Donnell FRANKFURT (Reuters) – Swiss authorities are examining imposing losses on Credit Suisse bondholders as part of a rescue of the bank, two sources with knowledge of the matter said on Sunday. However, European regulators are apprehensive about such a move for fear that it could hit investor confidence elsewhere in Europe’s financial …
Exclusive: Swiss authorities mull imposing losses on Credit Suisse bondholders Read More »
BELGRADE (Reuters) – Serbia wants normal relations with Kosovo but still won’t sign any agreement with it, President Aleksandar Vucic said on Sunday, a day after he verbally agreed to implement a Western-backed plan for the normalisation of ties. Serbia wants to join the European Union, and a condition of membership is that it normalise …
Serbia wants to normalise ties with Kosovo but will not sign any agreement Read More »
DUBAI (Reuters) – Syrian President Bashar al Assad arrived in the United Arab Emirates (UAE) on Sunday for an official visit, accompanied by his wife Asma al Assad, at a time when more Arab states have signalled openness to easing the isolation of Damascus. The visit was marked with more ceremony than his previous trip …
