WASHINGTON (Reuters) – Banks in the Middle East and Central Asia have very limited exposure to last month’s banking turmoil in the United States and Europe, but financial pressures are adding to strains caused by high interest rates, volatile oil prices and years of double-digit inflation, a top IMF official said on Saturday. Jihad Azour, …
IMF sees high rates, oil prices and inflation worries in Middle East Read More »
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said banks are likely to become more cautious and may tighten lending further in the wake of recent bank failures, possibly negating the need for further Federal Reserve interest rate hikes. Yellen said in a “Fareed Zakaria GPS” interview that policy actions to stem the …
Yellen says US banks may tighten lending and negate need for more rate hikes Read More »
MEXICO CITY (Reuters) – Argentina is considering how to persuade the International Monetary Fund to further ease the economic targets embedded in the country’s $44 billion IMF loan program, a source said, as a severe drought hits exports and threatens to push the economy into recession. “All alternatives are on the table. Work will be …
Argentina looks to ease economic targets in IMF loan program, source says Read More »
MEXICO CITY (Reuters) – Mexico’s Navy and the United States are searching for three American sailors who were last seen on April 4 in the northwestern Mexican state of Sinaloa, the U.S. Coast Guard said. The three sailors reportedly left the port city of Mazatlan en route to San Diego and were due to stop …
Mexico and U.S. search for three American sailors last seen in Sinaloa Read More »
By Jorgelina do Rosario and Rodrigo Campos WASHINGTON/NEW YORK (Reuters) – Zambia last week gave its bondholders a “concrete proposal” for the restructuring of some $3 billion in eurobonds, the ministry of finance and national planning said on Friday. “We continue to engage actively with our bondholders and proposals are being exchanged,” the ministry told …
Zambia sent bondholders debt restructuring proposal, finance ministry says Read More »
(Reuters) – Peru’s gross domestic product (GDP) shrunk 0.63% in February compared with the same month last year, the government’s INEI statistics agency said on Saturday, beating expectations by analysts who forecast a bigger decline. It was a second successive month of decline after the economy began to contract in January following 22 months of …
Peru’s GDP declines 0.63% in Feb, beats expectations Read More »
(Reuters) – Rovio Entertainment, the company behind the mobile game Angry Birds, confirmed on Saturday that it is in talks with Japan’s Sega Sammy Holdings Inc over a possible tender offer. Rovio announced the start of a strategic review and preliminary non-binding discussions regarding a potential tender offer for its shares in February, a statement …
Angry Birds maker Rovio confirms talks with Sega over tender offer Read More »
By Nupur Anand, Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -U.S. banking heavyweights reaped windfalls from higher interest payments in the first quarter, brushing off a crisis prompted by the collapse of two regional lenders and setting aside billions of dollars in case loans turn sour as the economic outlook dims. First-quarter 2023 earnings …
US bank giants ride rate rises, keep storm clouds at bay Read More »
(Reuters) -Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), said hedge funds and other parts of the shadow banking system need to face greater scrutiny after last month’s upheaval in U.S. government bonds, the Financial Times reported on Saturday. Gensler told the newspaper that reducing the risks from speculative funds and …
US regulator calls for greater scrutiny of hedge funds after bond turmoil- FT Read More »
By Steve Holland and Trevor Hunnicutt KNOCK, Ireland (Reuters) -U.S. President Joe Biden said on Friday he has decided to run for a second term and would formally announce his re-election campaign “relatively soon.” “We’ll announce it relatively soon. But the trip here just reinforced my sense of optimism about what can be done,” Biden …
Biden says he will announce run for re-election ‘soon’ Read More »
