By Nupur Anand, Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -U.S. banking heavyweights reaped windfalls from higher interest payments in the first quarter, brushing off a crisis prompted by the collapse of two regional lenders and setting aside billions of dollars in case loans turn sour as the economic outlook dims. First-quarter 2023 earnings …
US bank giants ride rate rises, keep storm clouds at bay Read More »
NEW DELHI (Reuters) – India’s pace spearhead Jasprit Bumrah has begun his rehabilitation after undergoing back surgery in New Zealand, the country’s cricket board said on Saturday. The 29-year-old right-arm seamer has been sidelined since September and missed last year’s T20 World Cup in Australia and the ongoing Indian Premier League. Bumrah is also set …
Cricket-India’s Bumrah begins rehab after back surgery Read More »
BERLIN (Reuters) – The head of Germany’s antitrust regulator says it may investigate energy suppliers amid consumer complaints about price hikes and possible abuse of a government energy price cap. “We have already started to implement the ban on abuse. In particular, the planning of specific investigative measures is already well advanced,” Cartel Office President …
German cartel office mulls energy suppliers probe over pricing – newspaper Read More »
BEIJING (Reuters) – Shanghai will encourage SAIC Motor and other vehicle manufacturers to actively participate in automotive chip investment, as well as support the formation of expert groups and industry alliances, government media The Paper reported on Saturday. (Reporting by Beijing newsroom; Writing by Liz Lee; Editing by Alex Richardson)
(Reuters) -Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), said hedge funds and other parts of the shadow banking system need to face greater scrutiny after last month’s upheaval in U.S. government bonds, the Financial Times reported on Saturday. Gensler told the newspaper that reducing the risks from speculative funds and …
US regulator calls for greater scrutiny of hedge funds after bond turmoil- FT Read More »
KAMPALA (Reuters) – Uganda’s assistant finance minister has been arrested and detained on accusations of diverting metal roofing sheets meant for a relief program in the restive northeastern Karamoja region, police said late on Friday. Amos Lugoloobi’s arrest is the second of a minister in recent weeks over the roofing sheets’ diversion. Police said Lugoloobi’s …
Uganda arrests second minister over alleged iron sheet theft – police Read More »
(Reuters) -Bank of England policymaker Silvana Tenreyro said past interest rate rises would take time to bear down on inflation, and that it was important not to over-adjust policy while the impact of these past rate rises was feeding through. “We need to be patient,” she said at a panel discussion hosted by the International …
Bank of England’s Tenreyro says patience needed to lower inflation Read More »
By Kantaro Komiya and Chris Gallagher TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida was evacuated unhurt after a suspect threw what appeared to be a smoke bomb at an outdoor speech in western Japan on Saturday. Kishida took cover after a loud explosion was heard while police subdued a man at the scene, Japanese media …
Japan PM Kishida unhurt in ‘smoke bomb’ scare, resumes campaigning Read More »
NAIROBI (Reuters) – Fifteen “radicalised” Kenyan Christians were rescued on Friday from a fast which began after they were told they were going to meet their maker, but four died during the rescue mission, police said. All 15 were members of the Good News International Church in the coastal county of Kilifi, police said. “In …
Four Kenyans, told their work on Earth was done, fast to death, police say Read More »
(Reuters) – The International Monetary Fund is seeking “necessary” financing assurances from Pakistan as soon as possible to conclude a bailout pact with the South Asian nation, Bloomberg News reported on Saturday. Meetings between Pakistan and the IMF achieved agreement on the need to maintain strong policies and secure sufficient financing to support the country’s …
IMF seeks more funding assurances before pact on Pakistan aid – Bloomberg News Read More »
