top-stories
Investing
European shares slip as Credit Suisse drags banks lower after profit warning
Top Stories
A new spring for green govt bonds after Ukraine war freeze
Top Stories
Britain’s political risks, economic fears keep sterling under pressure
Top Stories
Polish banks team up to create protection scheme
‘Widen gaze from Ukraine’ to avert famine in Somalia, U.N. agency warns
Date: June 7, 2022
LONDON (Reuters) – The world must “widen its gaze from the war in Ukraine” to prevent Somalia sliding into famine, the United Nations’ children’s agency said on Tuesday, warning only a third of the $250 million needed to stave off catastrophe had so far been raised. Four consecutive rainy seasons have failed in the Horn...
Factbox-What’s on the table in EU parliament’s bumper climate vote?
Date: June 7, 2022
By Kate Abnett BRUSSELS (Reuters) – The European Parliament will vote on Wednesday on eight climate change policies to slash emissions faster this decade, with outcomes uncertain as lawmakers are split on whether to boost or weaken the plans. The package of proposals aims to deliver the 27-country European Union’s target of reducing net greenhouse...
Dollar hits 2-decade high vs yen, sterling struggles
Date: June 7, 2022
By Samuel Indyk LONDON (Reuters) – The U.S. dollar rose to a two-week high as rising U.S. Treasury yields supported the greenback, pushing the Japanese yen to its lowest level against the dollar in two decades. The yen dropped to a 20-year low of 133 per dollar, levels that had previously been highlighted as intervention...
Leave post-Brexit shift in euro clearing to markets, industry tells EU
Date: June 7, 2022
By Huw Jones LONDON (Reuters) – Relocating euro clearing from London to the European Union must be “market-led” rather than mandatory, with the shift already well underway, the head of Eurex Clearing said on Tuesday. After Brexit, the European Union has said it will not allow EU market participants to clear euro derivatives in London...
Allianz Trade wins Global Banking & Finance Review’s Best Trade Credit Insurance Company Asia Pacific 2022
Date: June 7, 2022
Leading credit insurer formerly known as Euler Hermes wins award for sixth consecutive year Allianz Trade, the world leader in trade credit insurance, was awarded Global Banking & Finance Review’s Best Trade Credit Insurance Company Asia Pacific 2022 honour this month. It was the sixth consecutive year that the company was awarded the prestigious accolade...
Stocks slip as Australia rate hike heightens policy worries
Date: June 7, 2022
By Danilo Masoni MILAN (Reuters) – World shares fell on Tuesday and bond yields dipped from recent highs as a surprise 50-basis-point rate increase in Australia raised concern over policy tightening ahead of U.S. inflation data and a European Central Bank meeting this week. The Reserve Bank of Australia (RBA) raised rates by the most...