By Laila Bassam, Maya Gebeily and Timour Azhari BEIRUT (Reuters) -Lebanon will adopt a new official exchange rate of 15,000…
Biden to ask McCarthy to show Republican budget in White House meeting
WASHINGTON (Reuters) – President Joe Biden will release his proposed budget on March 9, the White House said on Tuesday,…
Italy’s economy contracts in Q4, raising recession fears
By Gavin Jones ROME (Reuters) – Italy’s economy shrank by 0.1% in the fourth quarter of last year from the…
Brazil’s Finance Ministry not discussing changes to inflation targets
BRASILIA (Reuters) – Brazil’s economic policy secretary Guilherme Mello said on Tuesday that discussions on changing inflation targets were not…
EU tests banks’ ability to withstand ‘high-for-long’ interest rates
By Huw Jones LONDON (Reuters) – European Union banking regulators on Tuesday launched a stress test to check how banks…
Russia recommends investors convert FX bonds amid asset freeze
By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s central bank recommended on Tuesday that retail investors convert their foreign currency Eurobonds…
EU commissioner: we don’t want a subsidy war with U.S
BERLIN (Reuters) – The European Union does not want to wage a subsidy war against the United States over its…
Cash is king in Lebanon as banks atrophy
By Maya Gebeily CHTAURA, Lebanon (Reuters) – The money exchange shop in Lebanon’s Bekaa Valley was buzzing with business. Cellphones…
Turkey expects to collect $5.32 billion in debt restructuring before elections
ANKARA (Reuters) – Turkey’s government is expecting some 100 billion lira ($5.32 billion) in payment as part of a restructuring…
Marketmind: ‘Soft landing’ or ‘no landing’?
A look at the day ahead in U.S. and global markets from Mike Dolan There’s an uncomfortable feeling in markets…