archiveEUROP

Banking

US banks, tech firms offer support for Israel victims, announce aid

Oct 13 (Reuters) - As big U.S. corporations kicked off corporate earnings season this week, executives addressed the Israel-Hamas conflict and some companies launched fundraising efforts."I just want to say how deeply saddened that we all are about the recent horrific attacks on Israel ... Terrorism and hatred have no place in our civilized world," JPMorgan Chase (JPM.N) CEO Jamie Dimon said on a post-earnings call before diving into results.He warned that the war in Ukraine, compounded by the attacks on Israel, could have "far-reaching impacts on energy and food...
Funds

Twenty arrested in Hong Kong over false document pension withdrawals amid row over UK passport

An evening view of the financial central district of Hong Kong, China October 3, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsHONG KONG, Oct 13 (Reuters) - Hong Kong’s anti-corruption agency said on Friday 20 people had been arrested suspected of taking bribes to help people apply for early withdrawal of government pension funds with false documents, amid a row over new passports offered by Britain.Hong Kong pension funds have been in the spotlight since the emigration of more than 140,000 Hong Kong people to Britain after 2020 when China imposed...
Currencies

No ‘big opening’ for rate cuts in central Europe, IMF says

The logo of the Polish Central Bank (NBP) is seen on their building in Warsaw, Poland, September 25, 2023. REUTERS/Kacper Pempel Acquire Licensing RightsCEE should maintain tight monetary stance -IMF directorBe ready to raise rates again if needed, he saysPolish, Hungarian CPI to remain among highest in EuropeFiscal policy should also support disinflation -IMFBUDAPEST, Oct 13 (Reuters) - Central Europe's central banks should maintain a tight monetary stance for a "considerable time" to ensure inflation is kept in check, and be ready to raise interest rates again if needed, a...
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