Analysis: Banks face reversal of fortune from war and runaway inflation
New era of rising rates renews focus on lending risks Policymakers run recession gauntlet to curb inflation War, geopolitics threaten long-lasting economic pain LONDON/BERLIN, May...
U.S. Treasury’s Yellen, White House say World Bank needs major ‘reboot’
U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on “the State of the International Financial System,” on Capitol Hill in...
Poor countries face food, energy, finance crises due to Ukraine war, UN chief says
United Nations Secretary-General Antonio Guterres speaks to the media regarding Russia’s invasion of Ukraine, at the United Nations Headquarters in New York City, U.S., March...
U.S. aircraft carrier deploys off Korean peninsula amid tensions with North
SEOUL, April 12 (Reuters) – The USS Abraham Lincoln strike group is operating in waters off the Korean peninsula, the U.S. Navy said on Tuesday,...
China tells EU it will pursue Ukraine peace in its own way
Russia’s invasion of Ukraine dominates virtual summit First EU-China virtual summit since 2020 China’s Xi hopes for ‘independent’ EU BRUSSELS/BEIJING, April 1 (Reuters) – China...
Ukraine says ‘confrontational’ Russia talks moving forward as West plans more sanctions
Biden to announce more sanctions on visit to Europe Air strikes turning Mariupol into ‘ashes’ – council At least 100,000 people want to leave city...
New wave of inflation – and disruptions – hits U.S. factory floors
A worker operates one of the metal cutting machines at Gent Machine Co.’s factory in Cleveland, Ohio, U.S., May 26, 2021. REUTERS/Timothy Aeppel Register now...
Goldman, JPMorgan unwind Russia business, EU banks disclose more exposures
Credit Suisse, Deutsche Bank detail Russia exposure Financial firms scramble to distance themselves from Russia BNP Paribas cuts Russia workforce off from systems LONDON/NEW YORK,...
Lavrov says Russia will continue Ukraine war till ‘the end’
MOSCOW, March 3 (Reuters) – Russian Foreign Minister Sergei Lavrov said on Thursday he believed some foreign leaders were preparing for war against Russia and...
Putin likens Western sanctions to war as Russian assault traps Ukrainian civilians
Russia, Ukraine trade blame over stalled evacuation Up to 1.5 million refugees expected by Sunday night In call with U.S. Senate, Zelenskiy requests more help...