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Investing

Saudi Arabia considering investing in ‘Made in Italy’ fund

Italian Prime Minister Giorgia Meloni and Polish Prime Minister Mateusz Morawiecki hold a joint press conference in Warsaw, Poland, July 5, 2023, REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsEnergy projects focal point of agreementSaudis could invest in 'Made in Italy' fundPM has sought closer ties with Gulf countriesMILAN, Sept 4 (Reuters) - Italy and Saudi Arabia are in talks about a potential Saudi investment in Rome's new strategic fund, Italy's Industry Minister Adolfo Urso said on Monday, as the two signed a deal to forge closer economic relations, particularly in energy.The...
Banking

EU to prepare ground for sanctions on Niger coup leaders – Borrell

The EU High Representative for Foreign Affairs and Security Policy Josep Borrell speaks next to Spain's Minister of Defence Margarita Robles (not pictured) at a press conference during the informal EU ministerial meeting on defence in Toledo, Spain August 30, 2023. REUTERS/Isabel Infantes/File Photo Acquire Licensing RightsTOLEDO, Spain, Aug 30 (Reuters) - The European Union is moving ahead with the legal groundwork to impose sanctions on members of a junta that seized power in Niger last month, EU foreign policy chief Josep Borrell said on Wednesday.In deciding on sanctions, the...
Banking

Russia prepares decree to unfreeze and swap assets with foreign investors

A Russian state flag flies over the Central Bank headquarters in Moscow, Russia, August 15, 2023. A sign reads: "Bank of Russia". REUTERS/Shamil Zhumatov/File Photo Acquire Licensing RightsAug 23 (Reuters) - Russian authorities are working on a draft presidential decree to give the country's retail investors a way to unblock their frozen assets held in overseas accounts and sell them to foreign parties, the central bank said on Wednesday.International sanctions against Moscow over its invasion of Ukraine have blocked many Russian investors' access to securities held in jurisdictions outside the...
Funds

US seeks focused, efficient fund for climate disasters

A man rides a boat past toll plaza amid flood water on main Indus highway, following rains and floods during the monsoon season in Sehwan, Pakistan, September 15, 2022. REUTERS/Akhtar Soomro/File Photo Acquire Licensing RightsWASHINGTON, Aug 23 (Reuters) - When countries adopt a global fund for climate disaster losses and damages at this year's U.N. climate conference, the U.S. will be arguing to efficiently limit its use, said U.S. officials giving a first glimpse of how Washington is seeking to shape the new fund.With wealthy nations slow to deliver $100...
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