By Sabine Siebold and Paul Carrel (Reuters) – The European Central Bank (ECB) will likely need to raise interest rates further to tame persistent inflation, two leading hawks on the bank’s policymaking Governing Council said on Saturday, while playing down the risk of repeat of the 2008 financial crisis. The comments from the central bank …
ECB hawks press case for more rate hikes to fight dogged inflation Read More »
PARIS (Reuters) -Some 37% of operational staff at TotalEnergies’ refineries and depots were on strike on Saturday amid persisting protests in France against the government’s move to raise the retirement age by two years to 64. French fuel supplies could be put at risk again next week following union calls to extend 10 days of …
French protests: 37% of operational staff at TotalEnergies’ refineries on strike Read More »
By Joanna Plucinska BUDAPEST (Reuters) -Attila Knott has an empty clinic that he had planned to open as a dental hospital in Hungary in March of 2020. But the foreigners with bad teeth he had expected to treat then were deterred by COVID-19. The high cost of travel and economic uncertainty have emerged as concerns …
Medical tourism slow to recover as patients watch their spending Read More »
(Reuters) -Silicon Valley Bank’s UK arm handed out over 15 million pounds ($18 million) in bonuses days after its rescue deal this week by HSBC, Sky News reported on Saturday. Payouts to staff including senior executives were signed off by HSBC earlier in the week, the report said, adding that the bonuses would not have …
SVB UK handed out over 15 million stg in bonuses days after HSBC rescue – Sky News Read More »
(Reuters) – The Swiss National Bank and Swiss regulator FINMA have told their international counterparts they regard a deal with UBS Group as the only way to prevent a collapse in confidence in Credit Suisse Group, the Financial Times reported on Saturday. UBS, Credit Suisse and key regulators are rushing to finalise a deal on …
UBS, regulators race to seal Credit Suisse deal as soon as Saturday – FT Read More »
ASTANA (Reuters) – Britain will help Kazakhstan develop export routes bypassing Russia, British Foreign Minister James Cleverly said on a visit to the Central Asian nation on Saturday, where he also signed a memorandum on supplies of critical minerals. Cleverly said London valued the position of Astana – which has traditionally been closely allied with …
UK to help Kazakh exports bypass Russia, seeks critical minerals Read More »
By John O’Donnell FRANKFURT (Reuters) -UBS is examining a takeover of Credit Suisse that could see the Swiss government offer a guarantee against the risks involved, said two people with knowledge of the matter on Saturday. The people said that UBS was coming under pressure from the Swiss authorities to carry out a takeover. Under …
UBS mulls takeover of Credit Suisse with possible Swiss govt guarantees -sources Read More »
(Reuters) -BlackRock said on Saturday it had no plans or interest in acquiring embattled Swiss lender Credit Suisse, a spokesperson for the U.S. asset manager told Reuters. “BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,” the spokesperson said. The Financial …
BlackRock says not participating in any Credit Suisse takeover plan Read More »
FRANKFURT/BRUSSELS (Reuters) – The ECB is likely to keep raising interest rates as a repeat of the 2008 financial crisis is unlikely with European banks subject to tougher rules than regional U.S. banks, Belgian central bank chief Pierre Wunsch said. The European Central Bank raised rates by 50 basis points on Thursday, leaving the door …
ECB likely to keep boosting interest rates: ECB’s Wunsch Read More »
BERLIN (Reuters) – Germany’s Defence Ministry wants to buy 82 Airbus H-145M civilian helicopters and convert some of them into combat helicopters to replace its Tiger combat fleet, Business Insider reported, citing military internal documents. Germany last year shifted its defence policy after Russia invaded Ukraine, committing 100 billion euros ($107 billion) to modernize the …
Germany to buy Airbus civil helicopter and convert for combat – Business Insider Read More »
