EXCLUSIVE Sri Lanka to seek $3 billion to stave off crisis -finance minister

EXCLUSIVE Sri Lanka to seek  billion to stave off crisis -finance minister

Seeks further $500 mln from India for fuel Government priority to ensure supply of essentials To raise taxes and fuel prices within six months COLOMBO, April 9 (Reuters) – Sri Lanka will need about $3 billion in external assistance over the next six months to help restore supplies of essential items including fuel and medicine, … Read more

Wife of UK finance minister agrees to stop avoiding UK tax

Wife of UK finance minister agrees to stop avoiding UK tax

Sunak’s wife to pay British tax on global income Akshata Murthy is daughter of founder of Infosys Indian citizen previously only paid UK tax on UK income Row is latest setback for Sunak, possible future UK leader April 8 (Reuters) – Akshata Murthy, the wife of British finance minister Rishi Sunak, said on Friday that … Read more

Yemen president cedes powers to council as Saudi Arabia pushes to end war

Yemen president cedes powers to council as Saudi Arabia pushes to end war

Analysts see moves as effort to unite anti-Houthi factions Saudi urges new presidential council to negotiate with Houthis Houthis say move may lead to escalation UN is pushing to restart peace talks stalled since 2018 Saudi, UAE pledge financial aid after Hadi cedes power ADEN, April 7 (Reuters) – Yemen’s president delegated power to a … Read more

Fed officials to take clearer to balance sheet; ‘many’ back big rate hikes

Fed officials to take clearer to balance sheet;  ‘many’ back big rate hikes

April 6 (Reuters) – Federal Reserve officials in March “generally agreed” to cut up to $95 billion a month from the central bank’s asset holdings as another tool in the fight against surging inflation, even as the war in Ukraine tempered the first US interest rate increase. Minutes of the Fed’s March 15-16 meeting showed … Read more

Exclusive: Canada to invest C$2 billion on mineral strategy for EV battery supply chain

Exclusive: Canada to invest C billion on mineral strategy for EV battery supply chain

OTTAWA, April 4 (Reuters) – Canada’s federal budget will include an investment of at least C$2 billion ($1.6 billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said. Prime Minister Justin Trudeau’s government, which is due to release … Read more

Putin tells Europe: pay in rubles or we’ll cut off your gas

Putin tells Europe: pay in rubles or we’ll cut off your gas

Energy is Russia’s most powerful lever against West Western nations reject currency switch in gas deals Russia won’t export gas as ‘charity’, says Putin Europe already struggling to find alternative supplies BERLIN/LONDON, March 31 (Reuters) – Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in rubles from Friday or else have … Read more

Russia steps up economic retaliation with Eurobond ruble buyback offer

Russia steps up economic retaliation with Eurobond ruble buyback offer

A view shows Russian ruble coins in this picture illustration taken October 26, 2018. Picture taken October 26, 2018. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register Eurobond ruble payment offer revives default fears Moscow does not say if bondholders must take rubles Russia has already demanded gas payments in rubles Move … Read more

War in Ukraine causes German business morale to collapse

War in Ukraine causes German business morale to collapse

The skyline with the banking district is photographed in Frankfurt, Germany, September 22, 2021. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register BERLIN, March 25 (Reuters) – German business morale plummeted in March as companies worried about rising energy prices, driver shortages and the stability of supply chains in the wake of … Read more

Foreigners banned from selling Russian stocks as market set for limited reopening

Foreigners banned from selling Russian stocks as market set for limited reopening

March 23 (Reuters) – Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 ruble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – they will be barred from selling stocks and OFZ ruble bonds until April 1. Trading in blue chips, including … Read more

Putin says Russia will switch gas sales to rubles for ‘unfriendly’ countries

Putin says Russia will switch gas sales to rubles for ‘unfriendly’ countries

Russian President Vladimir Putin listens to Governor of the Novgorod Region Andrei Nikitin during a meeting at the Kremlin in Moscow, Russia March 22, 2022. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register March 23 (Reuters) – Russia plans to switch its gas sales to “unfriendly” countries to rubles, President … Read more