MUMBAI, June 1 (Reuters) – A surge in investments that offset sluggish consumption to boost India’s growth in 2022-23 is expected to power the economy in the current financial year as the government pushes ahead with massive capital expenditure plans, economists said. This, in turn, could reflect across sectors like construction, which have a multiplier […]
June 1 (Reuters) – Gemini will “soon” start the process of buying a crypto license to operate in the United Arab Emirates, and the team has met stakeholders throughout the region to learn more about local regulatory requirements, the crypto exchange said late on Wednesday. Gemini, founded by cryptocurrency pioneers and identical twins Cameron and […]
Fund aims to ease procurement of critical raw materials Can invest in listed non-financial companies, draft shows Rome seeks at least 500 mln euros from private investors ROME, May 31 (Reuters) – Italy’s cabinet on Wednesday approved a bill to create a fund to support domestic firms, the industry minister said in a statement, in […]
WASHINGTON, May 30 (Reuters Breakingviews) – The U.S. government could soon shrink one of its most promising investments. The budget deal agreed to by President Joe Biden and top congressional Republican Kevin McCarthy would move $20 billion away from the Internal Revenue Service over the next two years. The change shores up cash for other […]
No misconduct by Temasek’s investment team Team, senior management took “collective accountability” Temasek did not detail the amount of compensation cut May 29 (Reuters) – Singapore state investor Temasek Holdings (TEM.UL) said on Monday it had cut compensation for the team that recommended its investment in the now-bankrupt FTX cryptocurrency exchange, as well as for […]
[1/2] Pakistan’s Finance Minister Ishaq Dar gestures during a news conference to announce the economic survey of fiscal year 2016-2017, in Islamabad, Pakistan, May 25, 2017. REUTERS/Faisal Mahmood ISLAMABAD, May 28 (Reuters) – Pakistan will share its upcoming budget details with the International Monetary Fund (IMF) in order to unlock stalled funds, Finance Minister Ishaq […]
NEW YORK, May 27 (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government’s $31.4 trillion debt ceiling, ending a months-long stalemate, two sources familiar with the negotiations said on Saturday. But the deal still faces a difficult path to pass through Congress […]
US GDP estimates, initial jobless claims due at 1230 GMT Dollar scales more than 2-month high May 25 (Reuters) – Gold prices edged up on Thursday, as investors awaited developments in the drawn-out debt ceiling negotiations in Washington, with gains in bullion capped by the U.S. dollar rising to an over two-month high. Spot gold […]
May 25 (Reuters) – Bankrupt crypto lender Celsius Network LLC said on Thursday it has chosen Fahrenheit’s proposal as the winning bid to manage a new entity to be owned by its creditors, directing itself out of bankruptcy. Fahrenheit, a consortium that includes blockchain-based venture capital firm Arrington Capital, will provide the capital, management team […]
[1/2] Italian Prime Minister Giorgia Meloni attends the European Union leaders summit in Brussels, Belgium March 23, 2023. REUTERS/Johanna Geron/File Photo ROME, May 24 (Reuters) – Italy, the biggest beneficiary of the EU’s 724 billion euro ($797 billion) post-pandemic recovery fund (RRF), is struggling to meet the goals laid down by Brussels to receive the […]
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