Fed rates, projections, stability concerns a ‘mess’ to be sorted

By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve begins a two-day meeting on Tuesday, with some top central bank watchers saying it could well pause further rate hikes given recent trouble among banks or even delay releasing new economic projections because the outlook is so clouded. Or not. The Fed meeting concludes Wednesday …

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Pakistan’s parliament summoned in midst of crisis over former PM Khan

ISLAMABAD (Reuters) -Pakistan’s parliament is to meet in a special joint session on Wednesday to “take important decisions” to enforce the state’s authority, media reported, in the midst of prolonged anti-government defiance by former Prime Minister Imran Khan. Former cricket star Khan was prime minister from 2018 until 2022, when he was ousted from office …

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India’s Karnataka govt approves $968 million investment from Foxconn unit

BENGALURU (Reuters) – The southern Indian state of Karnataka has approved an 80 billion rupee ($967.91 million) investment in the state by a unit of Taiwan’s Foxconn. The investment will lead to the creation of 50,000 jobs, the government said in a statement on Monday. Foxconn, the world’s largest contract electronics manufacturer, has been in …

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Indian shares rise as financials rally on easing banking crisis fears

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares closed higher on Tuesday, as financials stocks rallied following a raft of measures to stabilise the global banking sector provided temporary relief. The Nifty 50 index closed 0.70% higher at 17,107.50, while the S&P BSE Sensex rose 0.77% to 58,074.68 in their biggest one-day gains since the collapse …

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Rusia vuela bombarderos estratégicos cerca de Japón mientras Kishida visita Ucrania

21 mar (Reuters) – Dos bombarderos estratégicos rusos sobrevolaron el mar de Japón durante más de siete horas, dijo el martes el Ministerio de Defensa ruso en un comunicado difundido mientras el primer ministro japonés iniciaba una visita a Ucrania. Los aviones Tupolev Tu-95MS son capaces de transportar armas nucleares y Moscú los hace volar …

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Anleger in AT1-Anleihen der Credit Suisse prüfen rechtliche Schritte

London (Reuters) – Die behördlich verfügte Komplettabschreibung auf AT1-Anleihen der Credit Suisse könnte ein juristisches Nachspiel haben. Anwälte aus der Schweiz, den USA und Großbritannien sprächen mit einer Reihe von Anleihe-Inhabern über mögliche rechtliche Schritte, wie die Anwaltskanzlei Quinn Emanuel Urquhart & Sullivan mitteilte. Quinn Emanuel befinde sich in Gesprächen mit den Anleihebesitzern der Credit …

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Factbox-Indonesian parliament passes decree to replace 2020 jobs law

By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s parliament on Tuesday passed into law an emergency decree on jobs and investment, eliminating legal uncertainty hanging over measures championed by President Joko Widodo to spur business sentiment in Southeast Asia’s largest economy. The decree was tabled in December 2022 to replace an almost identical 2020 law that …

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