Europe’s problems are far bigger than a shallow recession
FRANKFURT, Nov 14 (Reuters) - The euro zone appears to be in the middle of another recession but worries about...
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Morning Bid: Murky US inflation picture
A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market...
Focus: UniCredit CEO Orcel’s ‘bank of Europe’ ambition tough to realise
Shares have risen 190% since CEO took overDiscount to book value more than halvedStrong currency for M&A but deals hard...
ECB to hold rates through mid-2024 despite stalling economy- Reuters Poll
BENGALURU, Nov 14 (Reuters) - The European Central Bank will hold interest rates steady well into next year, with a...
New Slovak government eyes tax, spending hikes, slow deficit reduction
Slovakia's newly appointed Prime Minister Robert Fico attends the new cabinet's inauguration, at the Presidential Palace in Bratislava, Slovakia, October...
Britain’s Global Investment Summit draws top banking bosses
JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S....
Portugal’s PM soothes investors after resignation over corruption probe
Portugal's Prime Minister and Socialist Party (PS) Secretary General Antonio Costa looks on after winning the general election in Lisbon, Portugal, January 31, 2022. REUTERS/Pedro Nunes/File Photo Acquire Licensing RightsLISBON, Nov 11 (Reuters) - Portugal's premier Antonio Costa, who resigned this week, told foreign investors on Saturday the country was open for business and wanted to remain attractive despite an ongoing corruption probe into "green" energy projects.Costa stepped down on Tuesday over an investigation into alleged illegalities in his government's handling of lithium and hydrogen projects, as well as a...
Germany’s Scholz backs Spain’s Calvino for EIB presidency
International Monetary and Financial Committee (IMFC) chair Nadia Calvino attends a news conference during the annual meeting of the International...
EU’s 20 billion euro plan for Ukraine military aid hits resistance
A view shows residential buildings heavily damaged by permanent Russian military strikes in the front line town of Avdiivka, amid Russia's attack on Ukraine, in Donetsk region, Ukraine November 8, 2023. Radio Free Europe/Radio Liberty/Serhii Nuzhnenko via REUTERS/File Photo Acquire Licensing RightsBRUSSELS, Nov 10 (Reuters) - A European Union plan to spend up to 20 billion euros ($21.4 billion) on military aid for Ukraine is meeting resistance from EU countries and may not survive in its current form, diplomats say.Josep Borrell, the EU's foreign policy chief, proposed in July that...
Central banks need a word with budget masters
LONDON, Nov 10 (Reuters) - If a re-emerging risk premium in bonds is down to government debt sustainability worries, central banks may need to lobby their Treasuries that it's undermining their control of credit.U.S. Federal Reserve officials are puzzling over why bond borrowing rates spiked lately even as Fed policy expectations have remained largely unchanged. Whether a resurfacing "term premium'" now demanded to buy and hold longer-term bonds, is responsible is central to the conundrum.If a sustained or even more volatile risk premium tightens or loosens credit beyond what's intended...