News
Explainer-Can Iran legally impose tolls on the Strait of Hormuz?
2+ hour, 49+ min ago (500+ words) April 16 (Reuters) " Tehran has sought to tighten its grip over the Strait of Hormuz by charging tolls on vessels to ensure safe passage, in conjunction with Iran's Islamic Revolutionary Guard Corps. The following explains law governing toll collections and actions…...
How surging bond yields add to Europe's fiscal headaches
2+ hour, 48+ min ago (699+ words) LONDON, April 16 (Reuters) " European bond yields have jumped during the U. S. -Israeli war on Iran, pushing up government borrowing costs and adding to the pressure on the continent's fragile public finances, even before slower growth and fiscal support measures have an…...
Tom Tom's reorganization boosts operating profit in Q1
2+ hour, 25+ min ago (166+ words) April 16 (Reuters) " Dutch digital mapping specialist Tom Tom reported on Thursday higher than expected "operating profit for the "first-quarter of the year despite lower revenue following an internal reorganization. Its earnings before interest and taxes (EBIT) came in "at "13. 8million euros…...
ECB may not have rate-hike evidence by April 30 meeting, policymaker says
2+ hour, 51+ min ago (392+ words) WASHINGTON, April 16 (Reuters) " The European Central Bank may not have all the data this month to determine if interest rates will have to be raised to tame an inflation surge and the June "meeting will offer a greater body of…...
Ukraine says it downs 31 missiles, 636 drones in Russian attacks over past 24 hours
2+ hour, 35+ min ago (130+ words) April 16 (Reuters) - Ukraine's air force downed or "neutralised "31 Russian missiles and 636 drones in attacks "at "the "country over the "past 24 hours, it said on Thursday. "During "this period, the enemy "launched "two waves of "combined attacks on. .. April 16 (Reuters) " Ukraine's…...
Australia refinery fire worsens fuel supply crunch amid Iran war
3+ hour, 11+ min ago (665+ words) By Renju Jose, Lucy Craymer and Helen Clark SYDNEY, PERTH, April 16 (Reuters) " A fire at the largest of Australia's two oil refineries has hit petrol production, company and government officials said on Thursday, just as the nation faces pressure to…...
ECB must be patient, even if adverse scenario may be materialising: policymaker
2+ hour, 38+ min ago (379+ words) WASHINGTON, April 16 (Reuters) " The euro zone economy may be moving towards the European Central Bank's adverse scenario but policymakers need to remain patient and not rush any interest rate change "to tame inflation, ECB policymaker Alexander Demarco said. The ECB…...
Nepal panel to probe property, assets of politicians and officials
3+ hour, 18+ min ago (250+ words) KATHMANDU, April 16 (Reuters) " Nepal's new government, led by rapper-turned politician Balendra Shah, has set up a panel to investigate "the property and assets of past "and present politicians and officials, a move aimed at controlling corruption in the Himalayan nation....
Rory Mc Ilroy's Masters repeat scores CBS' best ratings in 11 years
4+ hour, 16+ min ago (329+ words) Rory Mc Ilroy's sixth career major title " his second consecutive win at the Masters " earned a major ratings boost for CBS in the final round on Sunday afternoon. The fourth "round averaged nearly 14 million viewers " 13, 995, 000, more precisely " "the most to…...
European banks can withstand current shocks, watchdog head says
3+ hour, 50+ min ago (388+ words) PARIS, April 16 (Reuters) " European lenders are resilient enough to absorb current financial and geopolitical shocks but need to prepare for future uncertainties including cybersecurity risks from AI, Fran'ois-Louis Michaud, the new head "of the European Banking Authority, said. Banks" ability…...