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Column-Euro FX reserve demand returns after years of neglect: McGeever

Column-Euro FX reserve demand returns after years of neglect: McGeever

© Reuters. FILE PHOTO: 20 Euro banknotes are displayed is this picture illustration taken November 14, 2017. REUTERS/Benoit Tessier/Illustration By Jamie McGeever ORLANDO, Fla. (Reuters) – The euro’s share of world currency reserves has been depressed for years as negative euro zone interest rates and bond yields have spurred huge bond outflows. But these dynamics…

Texas governor snarls border traffic, buses migrants in effort to pressure White House

Texas governor snarls border traffic, buses migrants in effort to pressure White House

© Reuters. Trucks wait in a queue to cross into the United States as Mexican truck drivers block the Jeronimo-Santa Teresa International Bridge connecting the city of Ciudad Juarez to Santa Teresa, Nuevo Mexico, to protest truck inspections imposed by Texas Governor By Ted Hesson and Lizbeth Diaz (Reuters) -A federal-state dispute over U.S. immigration…

Diversifying supply chains from China ‘probably good for everyone’ -World Bank chief

Diversifying supply chains from China ‘probably good for everyone’ -World Bank chief

© Reuters. FILE PHOTO: World Bank President David Malpass attends the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 3, 2021. REUTERS/Yves Herman By Andrea Shalal and David Lawder (Reuters) – Countries around the world are working to diversify their supply chains and reduce their dependence on China, which is “probably good for…

Credit determinations committee agrees to look into Russia’s potential failure to pay

Credit determinations committee agrees to look into Russia’s potential failure to pay

© Reuters. FILE PHOTO: A Russian rouble coin and a U.S. dollar banknote in this picture illustration taken October 26, 2018. REUTERS/Maxim Shemetov LONDON (Reuters) – The EMEA Credit Derivatives Determinations Committee (CDDC) on Tuesday accepted a request to address the question of whether a potential failure to pay occurred on Russia’s hard-currency bonds, possibly…

New mechanisms needed for debt stress as poor countries hit by surging prices -IMF

New mechanisms needed for debt stress as poor countries hit by surging prices -IMF

© Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas By Andrea Shalal WASHINGTON (Reuters) – Sharply higher global food and energy prices due to the war in Ukraine are hitting poor countries, and better mechanisms for dealing with sovereign debt…