newszine

India’s jobs deficit: Project in Gujarat struggling to create employment

13 hours ago DieselGasoil Comments Off on India’s jobs deficit: Project in Gujarat struggling to create employment
GANDHINAGAR, India (Reuters) – When he was chief minister of the Indian state of Gujarat in 2011, Indian Prime Minister Narendra Modi kicked off an ambitious project to develop a financial hub in the style of Singapore or Dubai. People walk past buildings under construction at the Gujarat International Finance Tec-City (GIFT) at Gandhinagar, in Read More

Deutsche Bank CEO pledges tough investment bank cuts as shares hit low

22 hours ago DieselGasoil Comments Off on Deutsche Bank CEO pledges tough investment bank cuts as shares hit low
FRANKFURT (Reuters) – Deutsche Bank’s chief executive promised shareholders “tough cutbacks” at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany’s biggest lender, whose shares hit a record low. Ranked as one of the most important banks in the global financial system, the bank has been plagued Read More

In Fed policy review, labor may finally win out over inflation

2 days ago DieselGasoil Comments Off on In Fed policy review, labor may finally win out over inflation
MINNEAPOLIS (Reuters) – At 2.3 percent, Minneapolis’ jobless rate seems impossibly low, even with national unemployment at a 50-year trough. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo But that doesn’t mean full employment in North Minneapolis, where job advocate Tony Tolliver said half of Read More

Fed officials see past misses as trouble for any new inflation approach

3 days ago DieselGasoil Comments Off on Fed officials see past misses as trouble for any new inflation approach
ATLANTA/NEW YORK (Reuters) – The Federal Reserve is discussing whether a better way to get the U.S. economy to hit the central bank’s inflation target is to tolerate much higher price increases in some years to counter the weaker ones. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. Read More

Debut Dutch green bond lures more than 20 billion euros of orders

3 days ago DieselGasoil Comments Off on Debut Dutch green bond lures more than 20 billion euros of orders
LONDON (Reuters) – Investors piled into the Netherlands’ inaugural, triple-A rated sovereign green bond on Tuesday, placing 21.2 billion euros ($23.7 billion) of orders for the environmentally friendly paper. A rootop view of Amsterdam from SkyLounge on the 11th floor of the DoubleTree by Hilton Hotel in Amsterdam April 2, 2013. REUTERS/Michael Kooren The Dutch Read More

The Netherlands becomes first triple-A rated sovereign to launch green bond

3 days ago DieselGasoil Comments Off on The Netherlands becomes first triple-A rated sovereign to launch green bond
LONDON (Reuters) – The Netherlands became on Tuesday the first AAA-rated sovereign to offer investors a green bond, saying it would give preference to funds that prove their own environmentally friendly credentials. A rootop view of Amsterdam from SkyLounge on the 11th floor of the DoubleTree by Hilton Hotel in Amsterdam April 2, 2013. REUTERS/Michael Read More

‘We want nothing to do with you’: Salvini says Merkel and Macron ‘ruined’ Europe

1 week ago DieselGasoil Comments Off on ‘We want nothing to do with you’: Salvini says Merkel and Macron ‘ruined’ Europe
Italian Deputy Prime Minister and anti-immigration leader Matteo Salvini has fired back after German Chancellor Angela Merkel claimed she wouldn’t let his party work with her in the European Parliament. The two clashed just a week before the European elections. “We don’t want to stand with people who have ruined Europe for all these years,” Read More

Italy’s deputy PM Salvini: would be proud of a UniCredit bid for Commerzbank

1 week ago DieselGasoil Comments Off on Italy’s deputy PM Salvini: would be proud of a UniCredit bid for Commerzbank
Italian Deputy Prime Minister Matteo Salvini speaks during a joint news conference with Hungarian Prime Minister Viktor Orban in Budapest, Hungary May 2, 2019. REUTERS/Bernadett Szabo MILAN (Reuters) – Italy’s Deputy Prime Minister and League leader Matteo Salvini said he would hail a takeover bid by Italy’s UniCredit for German rival Commerzbank. “As an Italian, Read More

Fed needs to let inflation rise above 2%, Kashkari says

1 week ago DieselGasoil Comments Off on Fed needs to let inflation rise above 2%, Kashkari says
SANTA BARBARA, Calif. (Reuters) – Low U.S. inflation expectations are sapping the Federal Reserve’s ability to respond to a future downturn, Minneapolis Fed President Neel Kashkari said Thursday, calling for the Fed to allow inflation to rise above 2% to bring the economy back to full strength. President of the Federal Reserve Bank on Minneapolis Read More

Commerzbank to hold supervisory board meeting to discuss strategy: sources

1 week ago DieselGasoil Comments Off on Commerzbank to hold supervisory board meeting to discuss strategy: sources
FILE PHOTO: A sign for an ATM of Commerzbank is seen next to the headquarters of Deutsche Bank (R) in Frankfurt, Germany, March 19, 2019. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Commerzbank plans to hold an extraordinary meeting of its supervisory board on May 21 to discuss strategy, people familiar with the matter said on Read More