PARIS (Reuters) – Ratings agency S&P spared France on Friday the embarrassment of downgrading the country’s sovereign debt, but remained cautious about the outlook on account of the strained public accounts. S&P left the country’s AA rating untouched after a regular review and said that the outlook remained negative due to “downside risks to our …
(Reuters) – Federal Reserve Chair Jerome Powell held a phone call with the head of UBS Group AG in the days before the bank was propelled by Swiss authorities to buy smaller rival Credit Suisse, just one of the dozens of calls and meetings Powell held from mid-March as a banking crisis unfolded. Powell’s monthly …
Logs show Fed’s Powell in whirlwind of meetings during March banking turmoil Read More »
MOSCOW (Reuters) – Russia’s Black Sea port of Taman is poised to suspend exports of highly-explosive liquefied petroleum gas (LPG) because of concerns linked to drone attacks, three sources with knowledge of the situation told Reuters on Friday. Russia has come under repeated attack in recent weeks, suffering a major cross-border incursion and drone attacks …
Exclusive-Russia’s Taman port set to suspend LPG exports over drone danger Read More »
(Reuters) – Britain’s Unite union on Friday announced that more than 2,000 security officers at Heathrow airport will go on a summer strike over low pay. “There will be substantial industrial action but the dates will change,” Unite’s spokesperson told Reuters. The union, however, did not specify when the strike dates would be. Responding to …
UK’s Unite union announces strike at Heathrow airport Read More »
By Mitch Phillips LONDON (Reuters) – English Premiership rugby club London Irish were hit with three winding up petitions from the Government’s tax authority HMRC on Friday, furthering the likelihood of their financial demise before the RFU’s June 6 deadline. According to filings at London’s High Court, HMRC applied to wind up the club’s parent …
Rugby: London Irish hit with winding up petitions Read More »
By Johann M Cherian and Shashwat Chauhan (Reuters) – British equities rose on Friday as investors adopted a risk-on mood after the U.S. passed a deal to avert a catastrophic debt default, while shares of Dechra Pharmaceuticals surged after the veterinary drugmaker agreed to be taken private. All major FTSE 350 sectors closed in the …
London stocks rise as US averts default; Dechra surges Read More »
MADRID (Reuters) – Spain wants to delay the presentation of priorities for its upcoming EU presidency until months after assuming the bloc’s rotating leadership in July 1 due to a snap election, which some diplomats fear could disrupt Europe’s agenda. The move contrasts with the Spanish government’s earlier claims that the elections would in no …
Spain seeks delay of PM’s EU presidency speech due to election Read More »
By Kate Abnett BRUSSELS (Reuters) – European Union countries want to water down parts of the bloc’s flagship nature law by adding loopholes to dodge certain targets, as they attempt to find a deal on the contested proposal, a draft document showed. The EU’s proposed law would set binding targets for countries to restore damaged …
EU countries weaken nature law in hunt for deal -document Read More »
WARSAW (Reuters) – A Polish court ruled on Friday that the president was within his rights to pardon a government minister found guilty of abuse of power in a previous post, saving the government from a potentially damaging dismissal in an election year. The ruling comes amid an intensifying conflict over democratic standards in Poland, …
Polish court rules president had right to pardon minister in abuse of power case Read More »
LISBON (Reuters) – Portugal wants to keep a strategic stake in state-owned airline TAP and will not offer all its capital in the upcoming privatisation, the secretary of state for finance, Joao Nuno Mendes, said on Friday. The government in April mandated state holding company Parpublica to pick two independent assessors to value TAP ahead …
Portugal wants to keep strategic stake in TAP privatisation Read More »
