By Dhara Ranasinghe and Yoruk Bahceli LONDON (Reuters) – Italy led a selloff in southern European bonds on Thursday, after the European Central Bank delivered its first interest rate hike since 2011 but left some disappointed with an announcement on a …
‘Grim day’ for UK fraud office as third Unaoil conviction quashed
By Kirstin Ridley LONDON (Reuters) -Failings at Britain’s Serious Fraud Office (SFO) were in the spotlight on Thursday as a government-ordered review laid bare the agency’s missteps in a high-profile bribery case as a London court simultaneously quashe…
Extreme weather is Earth’s ‘chorus of anguish’, Pope says
By Philip Pullella VATICAN CITY (Reuters) -Pope Francis on Thursday called on world leaders to heed the Earth’s “chorus of cries of anguish” stemming from climate change, extreme weather and loss of biodiversity. In a message for the World Day of Praye…
Biden says he is ‘doing well,’ working after testing positive for COVID
By Trevor Hunnicutt, Steve Holland and Jeff Mason WASHINGTON (Reuters) -Joe Biden, the oldest person ever to serve as president of the United States, has tested positive for COVID-19, is experiencing mild symptoms and will continue working but in isola…
Danish central bank raises key interest rate in wake of ECB hike
COPENHAGEN (Reuters) – Denmark’s central bank raised its key interest rate by 0.5 percentage points to minus 0.1% on Thursday, following a rate hike earlier in the day by the European Central Bank. “The interest rate increase is a consequence of the in…
Euro rises vs dollar after ECB hikes faster than flagged
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The euro jumped against the U.S. dollar before paring gains in a choppy session on Thursday, after the European Central Bank (ECB) delivered a 50 basis point rate hike to tame inflation in its first rate increa…
ECB goes big with 50 basis point hike, ending negative rates era
(Reuters) – The European Central Bank on Thursday delivered its first interest rate hike in over a decade, joining other major central banks in the race to get on top of surging inflation. The United States, Canada, New Zealand and Switzerland among ot…
Valentino to open first monobrand stores in India after Reliance deal
MILAN (Reuters) – Italian fashion house Valentino will open its first mono-brand stores in India after signing a distribution agreement with the country’s biggest retailer Reliance, the companies said in a joint statement on Thursday. Though small for …
EU plan to curb gas use faces opposition from countries
By Kate Abnett BRUSSELS (Reuters) – A European Union proposal that member countries cut gas use by 15% to prepare for possible supply cuts from Russia is facing resistance from governments, throwing into doubt whether they will approve the emergency pl…
Credit Suisse banned from disposing of assets in Russia by Moscow court
MOSCOW (Reuters) – Credit Suisse has been banned from disposing of shares in its Russian unit by a Moscow court which also ordered the seizure of 10 million euros ($10.2 million) from the Swiss bank after it failed to repay a loan to a sanctioned bank….