[ad_1] LONDON (Reuters) – Central banks will ask world leaders to back a “roadmap” for cutting the cost of cross-border payments, the Bank for International Settlements said on Sunday. The headquarters of the Bank for
Virus uncertainty rules, but markets functioning OK – BIS
[ad_1] LONDON (Reuters) – The Bank for International Settlements said on Sunday that financial markets had functioned resiliently during last week’s coronavirus-sparked sell-off and this was a sign that post-crisis reforms were doing their job.
Malaysia and India aim to repair soured ties that hit palm trade
[ad_1] KUALA LUMPUR (Reuters) – Malaysia and India will work on improving ties that soured under former Malaysian Prime Minister Mahathir Mohamad and badly affected palm oil trade between the countries, officials from both nations
Small miners hungry for fresh capital despite rampant EV enthusiasm
[ad_1] TORONTO – Small miners hoping to take advantage of demand for battery metals are struggling to convert electric vehicle aficionados into investors, compounding the sector’s funding constraints even as analysts predict a long-term shortage
OPEC could deepen oil supply cuts with or without Russia – sources
[ad_1] (Reuters) – OPEC could agree on deeper oil supply cuts this week, with or without Russia’s support, to halt the slide in crude prices triggered by the global spread of the coronavirus, said two
Indian automakers say China coronavirus outbreak hitting parts supply
[ad_1] Mahindra Funster electric concept SUV is on display after it was unveiled at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020. REUTERS/Anushree Fadnavis NEW DELHI (Reuters) – Indian automakers Mahindra
Putin says Russia can handle oil slide but hints at OPEC cooperation
[ad_1] MOSCOW (Reuters) – Russian President Vladimir Putin said that Russia can cope with the recent decline in oil prices as the coronavirus has spread internationally but offered a chink of light to OPEC as
Italy prepares deficit hike to help economy cope with coronavirus
[ad_1] ROME (Reuters) – Italy will introduce this week measures worth 3.6 billion euros ($3.5 billion) to help the economy withstand the largest outbreak of coronavirus in Europe, Economy Minister Roberto Gualtieri said on Sunday.
Italy prepares deficit hike to tackle coronavirus impact
[ad_1] FILE PHOTO: Italy’s Minister of Finance Roberto Gualtieri attends a one day Italo-Franco summit in Naples, Italy February 27, 2020. REUTERS/Ciro De Luca/File Photo ROME (Reuters) – Italy will introduce this week measures worth
Germany has means to respond if coronavirus sparks economic crisis – finance minister
[ad_1] FILE PHOTO: German Finance Minister Olaf Scholz of the Social Democratic Party (SPD) speaks during an interview with Reuters in Berlin, Germany, February 19, 2020. REUTERS/Annegret Hilse/File Photo BERLIN (Reuters) – Germany would be