Town Hall News

By John O’Donnell and Alexandra Schwarz-Goerlich VIENNA (Reuters) – Russia will always remain important for Europe, Austria’s foreign minister said, saying that to think otherwise was delusional. Alexander Schallenberg also defended the country’s second-biggest bank, Raiffeisen Bank International, saying it was unreasonable to single out the lender for doing business in Russia while so many other Western firms did the same. “To think that there won’t be Russia anymore and […]

(Reuters) -China’s President Xi Jinping left Russia on Wednesday after a grandiose display of solidarity with President Vladimir Putin against the West, that ended with the two autocrats pledging to work together to shape a new world order. During his two-day visit Xi barely mentioned the Ukraine conflict and said on Tuesday in final remarks that China had an “impartial position”. There was no sign that Xi’s efforts to play […]

(Reuters) -China’s President Xi Jinping left Russia on Wednesday after a grandiose display of solidarity with President Vladimir Putin against the West, that ended with the two autocrats pledging to work together to shape a new world order. During his two-day visit Xi barely mentioned the Ukraine conflict and said on Tuesday in final remarks that China had an “impartial position”. There was no sign that Xi’s efforts to play […]

(Reuters) -China’s President Xi Jinping left Russia on Wednesday after a grandiose display of solidarity with President Vladimir Putin against the West, that ended with the two autocrats pledging to work together to shape a new world order. During his two-day visit Xi barely mentioned the Ukraine conflict and said on Tuesday in final remarks that China had an “impartial position”. There was no sign that Xi’s efforts to play […]

(Reuters) -China’s President Xi Jinping left Russia on Wednesday after a grandiose display of solidarity with President Vladimir Putin against the West, that ended with the two autocrats pledging to work together to shape a new world order. During his two-day visit Xi barely mentioned the Ukraine conflict and said on Tuesday in final remarks that China had an “impartial position”. There was no sign that Xi’s efforts to play […]

By Yoruk Bahceli (Reuters) -Tighter financing conditions in markets sparked by banking sector turmoil may have done much of central banks’ jobs for them, boosting the case for an end to interest rate hikes soon. In less than two weeks, U.S. banking shares alone have slid over 15%, weaker companies’ borrowing costs have jumped and the risk premium on U.S. financial debt is at its highest since May 2020. Such […]

By Yoruk Bahceli (Reuters) -Tighter financing conditions in markets sparked by banking sector turmoil may have done much of central banks’ jobs for them, boosting the case for an end to interest rate hikes soon. In less than two weeks, U.S. banking shares alone have slid over 15%, weaker companies’ borrowing costs have jumped and the risk premium on U.S. financial debt is at its highest since May 2020. Such […]

A look at the day ahead in European and global markets from Ankur Banerjee With about 12 hours still to go before the Fed announces its policy decision, investors are attempting a bit of a risk-on rally. Comments from U.S. Treasury Secretary Janet Yellen, who told bankers that she was prepared to intervene to protect depositors in smaller banks, have helped calm some of the market’s nerves, even as a […]

A look at the day ahead in European and global markets from Ankur Banerjee With about 12 hours still to go before the Fed announces its policy decision, investors are attempting a bit of a risk-on rally. Comments from U.S. Treasury Secretary Janet Yellen, who told bankers that she was prepared to intervene to protect depositors in smaller banks, have helped calm some of the market’s nerves, even as a […]