‘imminent’

Israeli deputy says normalisation with Saudis does not appear imminent

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By Dan Williams JERUSALEM (Reuters) – A top Israeli lawmaker said on Sunday that any forging of relations with Saudi Arabia did not appear imminent, citing what he described as sticking points in negotiations currently being held between Riyadh and U.S. mediators. U.S. President Joe Biden, having dispatched his national security adviser to Saudi Arabia to discuss a possible normalisation deal with Israel that he deems a policy priority, said on Friday that “there’s a rapprochement maybe under way”. The idea has been under discussion since the Saudis gave their quiet assent to Gulf neighbours United Arab Emirates and Bahrain

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Russian inflation expectations jump to 11.1% with rate decision imminent

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MOSCOW (Reuters) – Inflationary expectations for the year ahead among Russian households climbed to 11.1% in July from 10.2% in June, the central bank said on Monday, just days before it is widely expected to raise its key interest rate from 7.5%. A Reuters poll on Monday suggested the Bank of Russia would hike rates to 8% at its meeting on Friday, increasing the cost of borrowing for the first time in over a year as the rouble’s sharp slide adds to inflationary pressures. The central bank targets inflation at 4%, which it aims to achieve by next year. It

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Pentagon says no imminent decisions on ATACM missiles for Ukraine

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WASHINGTON (Reuters) – The Pentagon said on Thursday it was not aware of any imminent decision about the provision of ATACM long-range missiles to Ukraine, following a news report from the Wall Street Journal suggesting Washington was close to providing them to Kyiv. Kyiv has long sought the U.S. Army Tactical Missile System, or ATACMS, arguing the missiles would help them strike Russian forces far behind the front lines. “I don’t have anything to announce regarding ATACMs and certainly I’m not aware of any imminent decisions as it relates to ATACMs,” Pentagon spokesperson Brigadier General Patrick Ryder told a press

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British teen jailed over ‘imminent’ terrorism plot

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LONDON (Reuters) – A British teenager who detectives believe may have been just hours away from launching an attack on police or soldiers, was on Friday sentenced to a minimum of six years in jail for terrorism offences. Matthew King, 19, who converted to Islam during the COVID-19 lockdown and then became quickly radicalised by watching extremist material on the internet, had scoped out military barracks and a police station, and posted an image online of officers guarding a courthouse with the caption “target acquired”. He had also discussed a desire to torture and kill a U.S. or British soldier,

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Default wave imminent, will peak in 2024- Deutsche Bank

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LONDON (Reuters) – A wave of debt defaults by companies in the United States and Europe is imminent, due in part to the fastest monetary tightening cycle in 15 years, Deutsche Bank said in its annual default study released on Wednesday. Deutsche expects default rates to peak in the fourth quarter of next year. It forecast peak default rates to reach 9% for U.S. high-yield debt, 11.3% for U.S. loans, 4.4% for European high-yield bonds and 7.3% for European loans. Aggressive interest rate hikes to tame inflation from major central banks, including the U.S. Federal Reserve, have raised global recession

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BlackRock CEO Fink trains successors, with no imminent plan to retire -WSJ

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(Reuters) – BlackRock Inc Chief Executive Officer Larry Fink has been preparing five key leaders to take his role whenever he decides to step down in the future, the Wall Street Journal reported on Saturday. Though Fink has no imminent plans to retire, he along with President Robert Kapito has been training these candidates for “The Great Race” – to choose the successor – in what Fink calls is the “No. 1 priority”, the report said, citing an interview with the CEO. The five contenders are Mark Wiedman, who runs the global commercial business; Chief Operating Officer Rob Goldstein; and

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Berkshire director: Buffett CEO heir an ideal fit, but changeover not imminent

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By Jonathan Stempel OMAHA, Nebraska (Reuters) – One of Berkshire Hathaway Inc’s longest-serving directors said Greg Abel has the ability and commitment to its culture that makes him an ideal fit to lead the $700 billion-plus conglomerate now run by Warren Buffett, but that a transition isn’t likely to happen soon. Questions about how long Buffett, 92, and his vice chairman Charlie Munger, 99, will be around to steer Berkshire, and how the Omaha, Nebraska-based company will manage a change to new leadership, have long been on investors’ minds. Ronald Olson, a Berkshire director since 1997, at an investing conference

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North Korea doesn’t appear poised for imminent nuclear test, U.S. official says

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By Phil Stewart WASHINGTON (Reuters) – North Korean leader Kim Jong Un does not appear poised to carry out a nuclear test during U.S.-South Korea military exercises, but the United States is staying vigilant, the director of the Defense Intelligence Agency said on Wednesday. U.S. officials have warned for nearly a year that North Korea may resume nuclear testing for the first time since 2017, a move that would be seen as a serious provocation by the United States, South Korea and Japan. National Security Advisor Jake Sullivan and other officials warned of that possibility in May 2022 ahead of

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Mexico’s top diplomat says met with Tesla brass, ‘good news’ imminent

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MEXICO CITY (Reuters) – Mexican Foreign Minister Marcelo Ebrard said on Tuesday he met with senior executives from electric automaker Tesla, teasing that “good news” is on the way, as speculation runs high over expected high-stakes investment decisions. Ebrard met with Rohan Patel, Tesla’s senior global director of public policy and business development, and Eugenio Grandio, director of business development and policy for Latin America, Mexico’s senior diplomat wrote in a post on Twitter. He did not go into further detail over what Tesla announcements are imminent.     Two local locations are primed for a potential Tesla plant, the country’s

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BOJ’s deputy governor Amamiya sees no imminent need to tweak YCC

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By Leika Kihara TOKYO (Reuters) – Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya, who is seen as a top contender to become next central bank chief, said on Friday he saw no imminent need to make further tweaks to its yield control policy. Speaking in parliament, Amamiya said he was mindful of the demerits of yield curve control (YCC), such as distortions in the yield curve caused by the BOJ’s huge bond buying to defend its 0.5% cap set for the 10-year bond yield. “YCC is an extraordinary policy, so we must carefully balance the benefits and costs,” Amamiya

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Australian banking system cushioned for imminent climate change-related risks – regulator

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(Reuters) – Potential economic downturns caused by climate change could pose risks to the loan books of Australia’s top five banks without resulting in any severe stress to the system and the economy, a risk study conducted by the country’s banking regulator showed. With global focus sharply pivoting towards climate change, banks have come under increased scrutiny for their ties with fossil fuel projects, prompting them to set goals to cut emissions and raise investments in clean energy projects. The Australian Prudential Regulation Authority (APRA) said on Wednesday risks associated with climate change for banks were likely to be concentrated

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Decision on North American auto rules dispute ‘imminent’, Canada says

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MEXICO CITY (Reuters) – A decision should be made very soon on a dispute pitting Canada and Mexico against the United States on the interpretation of regional trade rules in the auto industry, Canada Minister of International Trade Mary Ng said on Friday. Canada this year joined Mexico in a complaint against the United States over how to apply automotive sector content requirements under the United States-Mexico-Canada (USMCA) free trade agreement, which came into effect in 2020. “I’m looking forward to a decision. I understand it’s pretty imminent,” Ng told Reuters in Mexico City, where she was attending meetings of

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French finance minister: nomination of new boss for energy group EDF is imminent

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PARIS (Reuters) -French Finance Minister Bruno Le Maire said the government had chosen the person who would lead state-power group EDF, which is in the process of being fully nationalised, and that a nomination was “imminent”. EDF has been beset by problems this year and issued a profit warning earlier this month. An unprecedented number of reactor outages, partly caused by corrosion issues, has driven French nuclear power output to an historic low just as Europe scrambles to find alternative supplies to Russian gas. Le Maire also told France Inter radio that the top EDF job could be split into

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Workers at Chile’s Codelco say strike imminent if investment demands not met

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SANTIAGO – Workers at Chile’s state-owned Codelco, the world’s largest copper producer, will go on strike if they do not receive a favorable answer from the company’s board of directors Friday, the union said on Thursday. The union has insisted that Ventanas, in the central zone of the country where the smelter is located, needs $53 million worth of capsules to retain certain gases, allowing operations to continue while being environmentally compliant. “The call of the Federation of Copper Workers is to remain united, alert and mobilized, to reach the promised NATIONAL STRIKE in case the decision that the Board

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New Jersey Assemblyman Applauds Imminent Overturning of Roe vs. Wade

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TRENTON, NJ – New Jersey Republican State Senator Ed Durr today said the Supreme Court’s imminent and suspected reversal of Roe vs. Wade corrects a 50-year mistake made by the nation’s highest court. “As someone who believes in the sanctity of life, I am hopeful that Justice Alito’s draft decision proves to be the final opinion that is approved by the majority to overturn Roe v. Wade and reaffirm states’ rights when it comes to abortion,” said Durr (R-3). “While it’s possible things can change, it seems likely the Supreme Court is on the verge of fixing a 50-year mistake.

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U.S. recession not imminent despite yield curve inversion, BlackRock executive says

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NEW YORK – A U.S. recession is not imminent despite the inversion of a part of the U.S. Treasury yield curve which has been “artificially pressured” by some investors, BlackRock Inc, the world’s largest asset manager, said in a note on Friday. The closely watched gap between two-year and 10-year yields, whose inversion has preceded past recessions, turned negative last week, fueling a debate on whether the signal presages a downturn this time around. “We do not see a recession occurring in the near-term,” said Gargi Chaudhuri, head of iShares Investment Strategy, Americas, at BlackRock. “While we are hesitant to

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Argentina says IMF deal ‘imminent’; could go to Congress within days

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By Agustin Geist and Walter Bianchi BUENOS AIRES – Argentina is poised to “imminently” send an agreement with the International Monetary Fund (IMF) to the country’s Congress for approval, government spokeswoman Gabriela Cerruti said on Thursday, signaling the critical debt deal is drawing near. The South American country reached an understanding with the IMF in late January over a new deal to help push back over $40 billion in debts the country owes and cannot pay. That agreement still needed to be ironed out before getting final approval. “We hope it will happen in the next few days, so we

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Oil hits 7-yr highs as market fears Russian attack on Ukraine imminent

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By Stephanie Kelly NEW YORK – Oil prices surged over 2% on Monday to their highest in more than seven years as Ukraine’s president declared a “day of unity” for Feb. 16, a date that some Western media have cited as a possible start of a Russian invasion. Russia is one of the world’s largest oil and gas producers, and fears that it could invade Ukraine have driven the rally in oil closer to $100 per barrel, a level not seen since 2014. “The market remains hyper-sensitive to the developments over the Russian/Ukraine situation,” said John Kilduff, partner at Again

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German Chancellor Visits Ukraine As Fears Of Imminent Russian Invasion Grow

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German Chancellor Olaf Scholz traveled to Ukraine’s capital on Monday to discuss concerns that Russia is preparing to invade the country, DW News reported. “Germany stands close by your side,” Scholz said at a press conference after talks with Ukrainian President Volodymyr Zelensky, DW News reported. “My country is impressed by the democratic movement in Ukraine and supports the European path it has taken since 2014.” The U.S. believes there is a “distinct possibility” Russian President Vladimir Putin will attack Ukraine, national security adviser Jake Sullivan said Friday. Sullivan said the U.S. remains unaware of whether Putin has made up

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Separatists say they don’t see imminent all-out war in east Ukraine

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By Anton Zverev DONETSK, Ukraine – Politicians and military sources in Russian-backed breakaway regions of eastern Ukraine say they do not see an imminent risk of full-scale war while attempts are still under way to find a diplomatic solution. A long-simmering conflict between the Russian-backed separatists and the Ukrainian army is part of a deeper crisis between the two countries in which Russia has massed more than 100,000 troops near Ukraine’s borders, prompting U.S. warnings of a possible attack within days or weeks. Andrei Purgin, a local politician and former separatist leader, told Reuters he expected no significant changes for

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Ukraine Insists Russian Invasion Is Not Imminent

The Daily Caller0

Ukrainian leadership sought to assure its citizens on Tuesday that an invasion by Russian forces was not imminent, the Associated Press reported. “As of today, there are no grounds to believe” Russia is preparing to invade Ukraine imminently, Defense Minister Oleksii Reznikov said in parliament on Tuesday, the AP reported. Reznikov noted that troops had not formed what he reportedly called a battle group that could force its way through the border. “Don’t worry, sleep well,” the Ukrainian defense minister said. “No need to have your bags packed.” Multiple other Ukrainian officials have sought to calm the nation as fears

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