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Traders scale back peak interest rate bets as recession fears grip
Investing
Taiwan pension fund awards $2.3 billion ESG mandate to HSBC, Morgan Stanley, 3 others By Selena Li
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Wildfire in southwest Turkey enters third day
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Global M&A braces for dry spell as boardrooms put expansion on hold
Analysis: Swiss policy pivot signals exit for big stock and bond investor
Date: June 24, 2022
By Yoruk Bahceli, Saikat Chatterjee and Tommy Wilkes LONDON (Reuters) – From Silicon Valley shares to U.S. and European government bonds, securities that are already under heavy pressure stand to lose a major buyer as Switzerland ends its long-standing policy of recycling euros and dollars into foreign markets. The Swiss National Bank recently delivered a...
Exclusive-Boris Johnson signals UK’s willingness to demine, help export grain from Ukraine
Date: June 23, 2022
By Andrew MacAskill KIGALI (Reuters) – Prime Minister Boris Johnson said on Thursday Britain was willing to assist with demining operations off Ukraine’s southern coast and was considering offering insurance to ships to move millions of tonnes of grain stuck in the country. Russia’s Feb. 24 invasion of Ukraine and blockade of its Black Sea...
Analysis: UK’s Brexit woes threaten another flagship policy – levelling-up
Date: June 23, 2022
By Andy Bruce LONDON (Reuters) – Dashed hopes, so far at least, that Brexit would tilt Britain’s economy towards growth driven by trade and investment are threatening another of Prime Minister Boris Johnson’s flagship policies: “levelling up” the regions outside of London. Six years on from the vote to leave the European Union, the classic...
British Airways staff vote spells ‘summer of strikes’ at London’s Heathrow
Date: June 23, 2022
By Sachin Ravikumar and Farouq Suleiman LONDON (Reuters) – British Airways staff at London’s Heathrow airport voted on Thursday to strike over pay, threatening disruption at one of Europe’s busiest aviation hubs during an already chaotic summer for air travellers. Air passengers across Europe have already faced lengthy delays and cancellations of hundreds of flights...
UK’s Johnson steps back from row with Prince Charles over Rwanda policy
Date: June 23, 2022
By Andrew MacAskill KIGALI (Reuters) – British Prime Minister Boris Johnson moved away from a confrontation with Prince Charles over the government’s immigration deal with Rwanda after his spokesman said the matter would not likely be raised in talks with the heir to the throne. Under an agreement struck between London and Kigali, Britain will...
Italy’s Monte dei Paschi seeks 2.5 billion euros for latest relaunch plan
Date: June 23, 2022
By Valentina Za and Silvia Ognibene SIENA, Italy (Reuters) -Italy’s Monte dei Paschi di Siena (MPS) is to seek 2.5 billion euros ($2.6 billion) in cash to fund a new strategy, as the bailed-out bank aims to triple its net profit in the next three years. Italy owns 64% of MPS after a 2017 rescue...