Exclusive, India’s largest lender asks exporters to trade with Bangladesh in rupees and taka

NEW DELHI (Reuters) – State Bank of India is the largest lender (SBI.NS) It has asked exporters to avoid settling deals with Bangladesh in dollars and other major currencies as it seeks to limit exposure to Dhaka’s declining reserves, according to an internal document and a source. Bangladesh’s $416 billion economy is grappling with rising … Read more

Frugal is the new cool style for young Chinese at a time when the economy is faltering

BEIJING (Reuters) – Before the epidemic, Doris Fu imagined a different future for herself and her family: a new car, a bigger apartment, and fine dining on weekends and vacations on tropical islands. Instead, the 39-year-old Shanghai marketing consultant is one of many Chinese in their 20s and 30s who are cutting spending and providing … Read more

In the beginning, the European Union moves to cut money to Hungary because of damage to democracy

Register now to get free unlimited access to Reuters.com Register EU executive proposes taking 7.5 billion euros from Hungary He says the treatments proposed by Hungary can work if they are done well 27 EU countries have three months to decide, no veto EU tests new democratic sanctions for the first time Hungary pledges to … Read more

Wall Street Week Ahead: With Markets Volatile, Investors Hide in Liquidity Despite High Inflation

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, US, December 28, 2016. REUTERS/Andrew Kelly Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – A tough year in the markets has led some investors to seek a haven for … Read more

Germany seizes Russian refinery amid energy crisis

Register now to get free unlimited access to Reuters.com Register German energy industry reeling since war in Ukraine The German regulator now controls the Schwidt refinery The Schwedt refinery is a major fuel source for Berlin PKN interested in taking control of a stake in a refinery – sources BERLIN (Reuters) – Germany seized a … Read more

Ukraine and Russia: What you need to know now

Firefighters work at the site of a thermal power plant damaged by a Russian missile strike, amid Russia’s attack on Ukraine, in Kharkiv, Ukraine September 11, 2022. Ukraine State Emergency Service Press Service / Posted via Reuters Register now to get free unlimited access to Reuters.com Register (Reuters) – Ukrainian forces moved deeper into territory … Read more

Putin casts doubt on Ukraine’s grain deal and gas supplies to Europe

Putin accuses Kyiv and the West of violating the grain deal He says he wants to discuss changing the terms of the deal Threatens to cut off energy exports if Europe imposes price controls Kyiv (Reuters) – President Vladimir Putin said on Wednesday he wanted to discuss reopening a United Nations-brokered deal allowing Ukraine to … Read more