By Saqib Iqbal Ahmed and John McCrank NEW YORK (Reuters) – The Swiss franc soared against the dollar and the euro on Thursday after the Swiss National Bank delivered a surprise interest rate hike, while the British pound rose after the Bank of England …
Revlon files for bankruptcy as online competition takes toll
By Praveen Paramasivam, Maria Ponnezhath and Dietrich Knauth (Reuters) -Revlon Inc has filed for bankruptcy after the U.S cosmetics firm buckled under debts it built up in a bid to compete with online-focused upstarts. Known for its nail polishes and l…
Sterling rises to one-week high on expectations of aggressive BoE
By Lawrence White and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) -Sterling hit one week-highs against the dollar and euro on Thursday, recouping earlier losses, amid broad weakness in the greenback, as investors bet on a more aggressive tighten…
Analysis-Blown off course again, Fed policymakers see near-record uncertainty
By Ann Saphir and Lindsay Dunsmuir (Reuters) – Federal Reserve policymakers are less confident than at any time since the height of the pandemic about what will happen with the economy, data published alongside their forecasts and the Fed’s hefty three…
Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme
By Jonathan Stempel NEW YORK (Reuters) – Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Kei…
Russia’s Tinkoff introduces 3% commission on incoming SWIFT FX transfers
(Reuters) – TCS Group Holding, which runs Russian online bank Tinkoff, on Thursday said it was introducing a 3% commission on incoming SWIFT transfers in dollars, euros and pounds and setting a minimum amount for outgoing transfers at $20,000. With the…
Tributes pour in for British reporter Dom Phillips, presumed killed in Amazon
By Anthony Boadle and Brendan O’Boyle BRASILIA (Reuters) -Indigenous groups, environmentalists, fellow reporters and family and friends paid tribute on Thursday to British journalist Dom Phillips and Brazilian isolated tribes expert Bruno Pereira who d…
ECB’s Lagarde tells ministers goal is not to close spreads, but to normalise -source
LUXEMBOURG (Reuters) -The head of the European Central Bank told euro zone finance ministers in a meeting on Thursday that the goal of the bank’s planned anti-fragmentation tool was not to close the spreads on bond yields of various euro zone countries…
Gymnastics-Physical and mental abuse was rampant in British gymnastics – report
(Reuters) – British gymnasts were subject to widespread physical and mental abuse in a system where such behaviour was condoned in the pursuit of national and international success, an independent report concluded on Thursday. The review, led by Anne W…
Europe’s energy security not at immediate risk from latest Russian gas cuts, EU says
BRUSSELS (Reuters) – Europe’s energy security is not at immediate risk as a result of Russia reducing gas supplies to more European countries on Thursday, a European Commission spokesperson said. “Based on our exchange with the national authorities thi…