WASHINGTON – The International Monetary Fund on Thursday said it was having constructive, ongoing discussions with Pakistan as part of a seventh program review of a $6 billion rescue package. …
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IMF says Fed tightening appropriate, adds to risks for emerging markets
by Reutersby ReutersWASHINGTON – The U.S. Federal Reserve is acting “appropriately” to tighten monetary policy and signal a higher future rate path, but the policy shift does bring risks for emerging market …
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Russia says medicine production stable as drugmakers pull out -RIA
by Reutersby Reuters– Russian Health Minister Mikhail Murashko on Thursday said the situation with medicines was stable in Russia and that all producers were continuing to work, the RIA news agency reported. …
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China says to protect rights of its telecoms firms after U.S. move
by Reutersby ReutersBEIJING – China opposes a U.S. crackdown on its telecom companies, the commerce ministry said on Thursday, after a U.S. regulator stripped Pacific Networks and its ComNet unit of authorisation …
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Rate hike, intervention can’t reverse weak yen, says former Japan currency diplomat
by Reutersby ReutersBy Leika Kihara and Yoshifumi Takemoto TOKYO – Tightening monetary policy or intervening in the currency market will do little to reverse unwelcome yen declines that inflate already rising fuel …
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China’s Shenzhen city says will allow firms to resume work in an orderly manner
by Reutersby ReutersSHANGHAI – Shenzhen city in China, a key technology and manufacturing hub that had halted operations of companies to tackle rising COVID-19 cases, will allow them to resume work and …
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Tesla says it is trying to keep production going at Shanghai factory
by Reutersby ReutersSHANGHAI – Tesla said on Thursday it was doing its best to keep production going at its Shanghai factory while it cooperates with China’s COVID-19 prevention measures. Reuters reported on …
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Mexico must enact reform to boost productivity, says World Bank
by Reutersby ReutersMEXICO CITY – Mexico should enact a series of reforms to boost the country’s low productivity, the World Bank said in a report released on Wednesday. It said the need …
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Top Climate Democrat Says US Needs More Domestic Oil Production In ‘Short Term’
Top Climate Democrat Says US Needs More Domestic Oil Production In ‘Short Term’ Thomas Catenacci on March 16, 2022 Democratic California Rep. Ro Khanna, an advocate of aggressive climate policies, …
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Russia’s Demands For Peace Are Now ‘More Realistic,’ Zelenskyy Says Sebastian Hughes on March 16, 2022 Ukrainian President Volodymyr Zelenskyy said Russia’s peace talk demands now “sound more realistic,” Axios …
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Schumer says Congress will call oil and gas company CEOs to testify on energy prices
by Reutersby ReutersWASHINGTON – Congressional leaders in the coming weeks will call on chief executives of major oil and gas companies to testify about recent spikes in U.S. energy prices, Senate Majority …
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Putin says Russia will achieve goals in Ukraine, won’t bow to West
by Reutersby ReutersLONDON -President Vladimir Putin said on Wednesday that Russia would achieve its goals in Ukraine and would not submit to what he called a Western attempt to achieve global dominance …
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Governor Murphy says Nursing Home Death Narrative is Misinformation, Blames Healthcare Providers
by Phil Stiltonby Phil StiltonTRENTON, NJ – New Jersey Governor Phil Murphy has made it “crystal clear”, it wasn’t his fault at all, period, full stop. In an interview with CBS this week Murphy …
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Maxwell says juror sought ’15 minutes of fame’; prosecutors call trial fair
by Reutersby ReutersBy Luc Cohen NEW YORK – A juror in Ghislaine Maxwell’s sex trafficking trial who did not reveal before trial that he was sexually abused as a child was seeking …
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Italy needs at least 3 years to replace Russian gas imports, minister says
by Reutersby ReutersROME -Italy will need at least three years to completely replace its gas imports from Russia with other energy sources, Ecological Transition Minister Roberto Cingolani said on Wednesday. Rome imports …
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– Russia’s central bank does not need to print money and the country has enough financial resources to fight current challenges, President Vladimir Putin said on Wednesday. “Our economy and …
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World Bank says Ukraine war may prompt grain shortages in poor countries
by Reutersby ReutersBy David Lawder WASHINGTON -The World Bank on Wednesday said a number of developing countries face near-term wheat supply shortages due to their high dependence on Ukrainian wheat exports that …
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Putin says keeping Russia in check is West’s long-term policy
by Reutersby Reuters– President Vladimir Putin said on Wednesday that keeping Russia in check was a long-term policy of the West, and that its economic sanctions against Russia were short-sighted. Putin said …
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Ball in U.S. court on Russian Eurobond payments, Finance Minister says
by Reutersby Reuters– The ball is in the United States’ court as to whether payments due on Wednesday on two Russian dollar-denominated Eurobonds will go through, and Washington should clarify whether the …
- Financial News
No confirmation yet of key Russian bond payment, bondholder says
by Reutersby ReutersLONDON – International bondholders were still waiting on Wednesday to see whether or not Russia would make crucial coupon payments due on two of its government bonds. One bondholder who …
- Financial News
Ukraine crisis may reshape role of central bank digital currency, says ex-BOJ official
by Reutersby ReutersBy Leika Kihara and Takahiko Wada TOKYO – Sanctions imposed on Russia could prod more countries like China to look at central bank digital currencies (CBDC) as a tool to …
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Russia’s Lavrov says some deals with Ukraine close to being agreed
by Reutersby ReutersLONDON – Russian Foreign Minister Sergei Lavrov said on Wednesday that some formulations for agreements with Ukraine were close to being agreed, with neutral status for Kyiv under “serious” consideration. …
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China says Taiwan ‘taking advantage’ of Ukraine as island sends more aid
by Reutersby ReutersBEIJING/TAIPEI – China’s government on Wednesday lambasted Taiwan’s humanitarian aid for Ukraine and sanctions on Russia as “taking advantage of other’s difficulties” after the island announced it was sending more …
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U.S. judge says no immunity for ex-Venezuela general accused of drug trafficking
by Reutersby ReutersBy Luc Cohen NEW YORK – A U.S. judge on Tuesday rejected a bid by a retired Venezuelan general to dismiss drug trafficking charges against him on the basis of …
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UK retail bank capital rules could ‘ossify’ sector, says review
by Reutersby ReutersBy Huw Jones LONDON – Rules forcing Britain’s banks to wrap their retail arms with a bespoke cushion of capital should be retained for now, though they could “ossify” the …