Category Archives:
ECB needs more rate hikes, smaller balance sheet, Nagel says
WASHINGTON (Reuters) - The European Central Bank (ECB) needs several more rate hikes to tame inflation despite what is likely to be a deep recession in Germany, and should also look into scaling down ...
Oct 15, 2022
Senior KFC executives opt for retirement as interest rates hit pension payouts -WSJ
(Reuters) - Three senior KFC executives have notified the U.S. fried chicken chain's parent company Yum Brands Inc that they will take early retirement as rising interest rates threaten to dent lump s...
Oct 15, 2022
Cevian slashes stake in Vodafone after calling for faster change -FT
(Reuters) - Europe's largest activist investor Cevian Capital has slashed its stake in UK-based Vodafone as scepticism grows that the telecoms company will be able to reverse its sluggish performance,...
Oct 15, 2022
Credit Suisse prepares Swiss business sales to raise capital – FT
(Reuters) - Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around 4.5 billion Swiss francs ($4.48 billion), the Financial Times reported ...
Oct 15, 2022
Eurowings warns pilot demands threaten jobs
FRANKFURT (Reuters) - Lufthansa's budget division Eurowings warned on Saturday that pilots' demands to ease their workloads is putting jobs at the airline at risk. The statement came in response to Fr...
Oct 15, 2022
Austria considers windfall tax on energy companies
(Reuters) - Austria is considering a windfall tax on the profits made by energy companies, Vice Chancellor Werner Kogler said on Saturday. The Green party politician said he wants to decide by the beg...
Oct 15, 2022
MOF’s Suzuki: Japan will act resolutely on forex volatility – Kyodo
TOKYO (Reuters) - There are no changes to Japan's position that it will act resolutely in case of volatility in the currency market, the Kyodo news agency quoted Japan's Finance Minister Shunichi Suzu...
Oct 15, 2022
How Britain’s pension scheme hedge became a trillion pound gamble
By Tommy Wilkes and Carolyn Cohn LONDON (Reuters) - It started out simply enough: British pension schemes were looking for a way to match their assets to future pension payments. Schemes run for pharm...
Oct 15, 2022
New UK finance minister warns some taxes will rise as difficult decisions loom
LONDON (Reuters) - Britain's new finance minister Jeremy Hunt said on Saturday that some taxes will go up and government spending will rise by less than previously planned as difficult decisions will ...
Oct 15, 2022
Hungary government expands scheme that caps mortgage rates – govt decree
BUDAPEST (Reuters) - Hungary's government has expanded its existing scheme that caps mortgage rates effective Nov. 1 to include mortgages carrying fixed interest rates up to 5 years, it said in a decr...
Oct 15, 2022
Peoria, IL, USA
84 °F Sunny
