By Elizabeth Piper and Alistair Smout LONDON (Reuters) – It was a bruising meeting with her Conservative lawmakers this week that finally shook British Prime Minister Liz Truss’s earlier unwavering faith that she could weather the market fallout from h…
Ukraine’s Marchenko to chair IMF, World Bank governing boards in 2023
By Andrea Shalal WASHINGTON (Reuters) -The shareholders of the International Monetary Fund and World Bank on Friday selected Ukrainian Finance Minister Serhiy Marchenko as the next rotating chair of the boards of governors of both institutions in 2023….
Danone to shed Russian dairy business with 1 billion euro write-off
By Silvia Aloisi and Richa Naidu PARIS (Reuters) -French food company Danone will shed control of its dairy food business in Russia in a deal that could lead to a write-off of up to 1 billion euros ($978 million), it said on Friday. Joining a lengtheni…
Good day for UK gilts turns bad after PM Truss gives statement
By Andy Bruce and David Milliken LONDON (Reuters) – Bond investors were unconvinced by British Prime Minister Liz Truss’s partial reversal of her economic plan on Friday, as gilts gave up early gains to end the day down sharply, especially for long-dat…
Zelenskiy promises victory as Ukraine marks Defenders Day
KYIV (Reuters) – President Volodymyr Zelenskiy marked Ukraine’s Defenders Day holiday on Friday by promising victory over Russia and freedom for Ukraine. In a video address delivered on hills outside the capital Kyiv, Zelenskiy thanked Ukraine’s armed …
Vodafone in advanced talks to finalise Vantage stake sale by Nov. 15 – sources
By Pamela Barbaglia and Andres Gonzalez LONDON (Reuters) – Vodafone is speeding up talks with a handful of financial investors to sell a slice of its wireless towers unit as it hopes to agree a deal by Nov. 15 in conjunction with its half-year earnings…
Monte dei Paschi to pay 125 million euros in fees for share sale
MILAN (Reuters) – Italy’s Monte dei Paschi di Siena said a new share sale to raise up to 2.5 billion euros ($2.4 billion) would cost it 132 million euros, mostly due to fees paid to financial institutions backstopping the issue. Monte dei Paschi (MPS) …
Jeremy Hunt brought in from the cold to be UK’s new finance minister
By Alistair Smout, Michael Holden and Elizabeth Piper LONDON (Reuters) – Jeremy Hunt was named Britain’s new finance minister on Friday, the latest senior ministerial role for the self-proclaimed entrepreneur regarded by many in his Conservative Party …
Afghan refugees camp out in Brazilian airport in search of new life
By Fernando Cardoso SAO PAULO (Reuters) – Blankets and luggage carts have become the makeshift homes to more than a hundred Afghan migrants in Sao Paulo’s international airport, serving as a temporary shelter for refugees after their year-long odyssey …
Musk says SpaceX cannot fund Ukraine’s vital Starlink internet indefinitely
WASHINGTON (Reuters) -Elon Musk said on Friday his rocket company SpaceX cannot indefinitely fund its Starlink internet service in Ukraine, which has helped the country’s civilians and military stay online during the war with Russia. Musk’s comment on …