July 20, 2019 CAIRO (Reuters) – British Airways and Lufthansa abruptly suspended flights to Cairo from Saturday over security concerns, but giving no details about what may have prompted the move. “We constantly review our security arrangements at all our airports around the world, and have suspended flights to Cairo for seven days as a [...]

July 20, 2019 By Angeliki Koutantou and Michele Kambas ATHENS (Reuters) – Greece will submit a 2020 budget later this year that will fully respect the fiscal targets agreed with its lenders, newly elected Prime Minister Kyriakos Mitsotakis said on Saturday. Outlining his main policies after a landslide victory in a July 7 election, Mitsotakis [...]

July 20, 2019 By Abhirup Roy and Aditya Kalra MUMBAI/NEW DELHI (Reuters) – Credit rating agencies for years assigned high ratings to India’s Infrastructure Leasing & Financial Services (IL&FS) and its group companies despite its deteriorating finances, according to a special audit. Audit firm Grant Thornton was appointed by IL&FS’ new board to conduct the [...]

July 20, 2019 (Reuters) – CBS Corp <CBS.N> and AT&T Inc <T.N> failed to renew their contact, resulting in millions of DirecTV subscribers losing access to CBS programming. CBS television stations in over a dozen U.S. cities, including New York and Los Angeles, went dark for DirecTV customers effective 0200 ET (0600 GMT), CBS said [...]

July 20, 2019 By Philip Blenkinsop BRUSSELS (Reuters) – The global march towards lower interest rates reaches Europe this week with the European Central Bank expected at least to signal easier monetary policy, while Turkey’s new banking chief is seen taking an ax to the country’s rates. Slowing global growth, increased protectionism and in some [...]

July 19, 2019 By David Randall, Trevor Hunnicutt and Lewis Krauskopf NEW YORK (Reuters) – When New York Fed President John Williams talked about the need to “vaccinate the economy” on Thursday, markets listened. And when the New York Fed itself spoke up later to clarify his remarks, investors were again all ears. In fact, [...]

July 19, 2019 NEW YORK (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Friday denounced an economic philosophy that encourages the use of government spending as a primary policy tool to boost employment. Speaking on a panel at an academic conference in New York, Kuroda said he disagrees with Modern Monetary Theory (MMT). He [...]

July 19, 2019 LONDON (Reuters) – 1/ROAD TO NO. 10 Investors will wake on July 24 to a new British prime minister. Boris Johnson, the face of the Leave campaign in the 2016 Brexit referendum, is — if betting markets are to be believed — almost certain to capture the majority of Conservative Party members’ [...]

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