Euro zone lending takes another hit from higher rates
FRANKFURT, May 30 (Reuters) - Euro zone bank lending slowed again in April, supporting the case for careful interest rate...
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ECB warns of hit to top European banks if funds run into trouble
FRANKFURT, May 30 (Reuters) - The euro zone's top banks may take a hit if their financial clients, such as...
European stocks steady as defensives rise amid US debt deal doubts
Euro zone consumer confidence data dueNestle, Unilever slip on CFO changeAroundtown bounces from record lowsMay 30 (Reuters) - European stocks...
European stocks slip as tech, bank drag; investors assess U.S. debt ceiling deal
SBB gains as it considers asset salesTrading volumes thin on U.S., UK holidaySpain's Sanchez gambles on snap electionMay 29 (Reuters)...
Analysis: Debt deal welcomed by investors, though risks loom
May 28 (Reuters) - Global investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers strive to pass the agreement through Congress before a June 5 deadline.A deal to lift the $31.4 trillion debt limit announced by the White House and House Republicans late Saturday would avert a catastrophic U.S. default and boost overall appetite for risk, while also buoying some of the sectors that have been left behind in this year’s tech-led rally, such as cyclical stocks and...
Dollar set for third week of gains as US debt talks loom large
WASHINGTON, May 26 (Reuters) - The dollar was set for a third straight weekly gain on Friday, as markets raised bets on higher-for-longer interest rates and amid closely watched last-ditch talks on the U.S. debt ceiling.Apparent progress in the talks between President Joe Biden and top congressional Republican Kevin McCarthy helped ease investor jitters, but doubts remained about when both sides would reach agreement.Biden and McCarthy are closing in on a deal that would raise the government's $31.4 trillion debt ceiling for two years while capping spending on most items,...
TSX futures tick higher on commodity strength, US debt deal hopes
May 26 (Reuters) - Canada's main stock index was set to open higher on Friday, recovering from three-straight sessions of...
U.S. debt ceiling deal takes shape with little time to spare
WASHINGTON, May 25 (Reuters) - U.S. President Joe Biden and top Republican lawmaker Kevin McCarthy on Thursday were edging close...
Why Italy is struggling to spend its EU post-COVID recovery funds
Italian Prime Minister Giorgia Meloni attends the European Union leaders summit in Brussels, Belgium March 23, 2023. REUTERS/Johanna Geron/File PhotoROME,...
Explainer: US debt ceiling focus on ‘discretionary spending’ means cuts ahead
WASHINGTON, May 24 (Reuters) - The central pillar of any debt-ceiling agreement between President Joe Biden and House Republican Kevin McCarthy is shaping up to be "discretionary spending" - the chunk of the United States' roughly $6 trillion annual federal budget that is set annually by Congress.Talks are fluid as Biden and McCarthy work towards a deal to raise the $31.4 trillion debt ceiling and avoid a default as soon as June 1. But cuts to Social Security and Medicare programs that eat up most of the U.S. budget are...