Middle East Headlines

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 2022-12-07 16:24 

FX Empire

Saudi Arabia approves 2023 budget, surplus seen shrinking Saudi media...

RIYADH (Reuters) Saudi Arabia approved on Wednesday a 1.114 trillion-riyal ($296 billion) budget for 2023 expected to post a surplus of 16 billion riyals, Saudi media outlets reported....

 2022-12-07 16:24 

FX Empire

Europe's BNP Paribas appoints senior executives to Global Markets Americas division...

(Reuters) BNP Paribas SA has appointed several senior executives to its Global Markets Americas division, the European bank said on Wednesday, in a move to further consolidate its presence in the United States....

 2022-12-07 16:22 

FX Empire

SEC chair says crypto intermediaries should come into compliance with law...

WASHINGTON (Reuters) U.S. Securities and Exchange Commission Chair Gary Gensler said that companies that help facilitate transactions in the cryptocurrency market should come into compliance with law....

 2022-12-07 16:21 

FX Empire

Price cap, oil embargo are 'new economic shock' for Russia, say central bank analysts...

MOSCOW (Reuters) A Western price cap and a European Union embargo on Russian oil are a new economic shock that could significantly reduce Russia's economic activity in the coming months, central bank analysts said in a report on Wednesday....

 2022-12-07 16:21 

FX Empire

Russian economy has overcome short-term slump caused by mobilisation central bank...

MOSCOW (Reuters) Russia's economy has overcome the short-term slump caused by President Vladimir Putin's partial mobilisation order, but the disinflationary impact it had in reducing consumer demand has practically disappeared, the central bank sa...

 2022-12-07 16:21 

FX Empire

Gas tariff hike accelerates rise in Russian weekly consumer prices...

MOSCOW (Reuters) -Consumer prices in Russia rose sharply in the week to Dec. 5, driven by higher electricity and gas tariffs, data published on Wednesday showed, a little over a week before the central bank will meet on interest rates for the final time t...

 2022-12-07 16:21 

FX Empire

U.S. crude stocks drop; fuel stocks post large builds -EIA...

By Stephanie Kelly (Reuters) U.S. crude stocks fell in the latest week while gasoline and distillate inventories posted big builds, as oil refiners' utilization climbed to the highest since 2019, the Energy Information Administration said on Wednesday...

 2022-12-07 16:21 

FX Empire

Elon Musk briefly loses title as world's richest person to LVMH's Arnault Forbes...

Twitter owner and Tesla Inc boss Elon Musk lost his title as the world's richest person on Wednesday, according to Forbes, following his expensive bets to buy the social media firm and selling stocks of his electric-car company to fund the $44 billion...

 2022-12-07 16:13 

FX Empire

Border Force workers at British airports to strike over Christmas union...

LONDON (Reuters) Border Force workers at several major British airports including the country's busiest, London's Heathrow, will go on strike for several days over the Christmas period in a dispute over pay, the PCS trade union said on Wednesday....

 2022-12-07 15:37 

FX Empire

Ghana hoping for IMF agreement by next week: finance ministry official...

By Cooper Inveen and Christian Akorlie ACCRA (Reuters) Ghana's economic recovery efforts could be delayed and complicated if a visiting team from the International Monetary Fund (IMF) leaves without a staff-level agreement next week, a finance ministr...

 2022-12-07 15:37 

FX Empire

Israeli bank regulator predicts profit slowdown after 2022 gains...

By Steven Scheer TEL AVIV (Reuters) Israeli bank profits will slow somewhat next year after a robust 2022, the country's banking regulator said....

 2022-12-07 15:37 

FX Empire

Amazon down for thousands of users Downdetector.com...

(Reuters) Amazon.com Inc was down for thousands of users on Wednesday, according to outage tracking website Downdetector.com....

 2022-12-07 15:37 

FX Empire

Soccer-Dutch skipper Van Dijk dodges Messi questions...

By Mark Gleeson DOHA (Reuters) Virgil van Dijk deflected several questions about his looming confrontation with Lionel Messi but admitted the Netherlands would be cautious in their approach against Argentina in Friday's World Cup quarter-final....

 2022-12-07 15:36 

FX Empire

Moldovan government backs draft 2023 budget with 6% deficit...

KYIV (Reuters) Moldova's government on Wednesday approved the main indicators of the 2023 state budget, forecasting economic growth of 2%, inflation of 15.7% and a deficit of 6% of gross domestic product....

 2022-12-07 15:36 

FX Empire

U.S. does not want to see military operations in northwest Syria -White House...

WASHINGTON (Reuters) The United States does not want Turkey to pursue military attacks in northwest Syria, even if it recognizes Turkey's right to defend itself, White House national security spokesman John Kirby said on Wednesday....

 2022-12-07 15:36 

FX Empire

UK in talks with Turkey over oil tanker delays -Telegraph newspaper...

LONDON (Reuters) -British officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, The Telegraph newspaper reported, after the G7 and European Union rolled out new restrictions aimed at Russian oil exports on Dec. 5....

 2022-12-07 15:36 

FX Empire

Bank of Canada increases rates by 50 bps, says hikes may be over...

TORONTO (Reuters) The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to 4.25%, the highest level in almost 15 years, and signaled the tightening campaign was near an end....

 2022-12-07 15:36 

FX Empire

Russian shelling kills at least six in east Ukraine president...

KYIV (Reuters) Russian shelling killed at least six people and set buildings ablaze in the town of Kurakhove in eastern Ukraine on Wednesday, President Volodymyr Zelenskiy said....

 2022-12-07 15:34 

FX Empire

Bank Of Canada Raises Interest Rate To The Highest Level Since 2008...

Canadian dollar gained upside momentum after the BoC Interest Rate Decision....

 2022-12-07 15:21 

FX Empire

New influx in far-right 'Reichsbuerger' scene German domestic spy agency chief...

BERLIN (Reuters) The far-right "Reichsbuerger" movement that denies the existence of the modern German state has seen a considerable influx in the past year and presents a persistently high level of danger, said the head of Germany's domestic ...

 2022-12-07 15:21 

FX Empire

Activists take Qatar workers protest to FIFA boss's home town...

By Arnd Wiegmann BRIG, Switzerland (Reuters) An activist group erected protest billboards in FIFA boss Gianni Infantino's Swiss home town of Brig on Wednesday to demand the world soccer body compensate migrant workers for alleged human rights abuses i...

 2022-12-07 15:21 

FX Empire

Bank of England set to raise rates to 3.5% after inflation hits 41-year high...

By David Milliken LONDON (Reuters) The Bank of England looks set to raise interest rates to 3.5% or more next week, but policymakers appear increasingly split on how much tightening is needed to tame double-digit inflation as the economy heads into recess...

 2022-12-07 15:21 

FX Empire

Used-car retailer Carvana slumps after Wedbush says bankruptcy risk rising...

(Reuters) Shares of Carvana Co fell 40% in morning trade on Wednesday after Wedbush raised the possibility of a debt default by the used-car retailer, which would increase the risk of bankruptcy, and cut its price target to a Wall Street low of $1....

 2022-12-07 15:21 

FX Empire

Russian ex-defence reporter's treason appeal rejected...

MOSCOW (Reuters) Former Russian defence reporter Ivan Safronov lost an appeal on Wednesday against a 22-year jail sentence on charges of treason, a Reuters journalist in the courtroom said....

 2022-12-07 15:11 

FX Empire

Bank of Canada makes oversized rate hike, says increases may be over...

By Steve Scherer OTTAWA (Reuters) The Bank of Canada is expected to hike its benchmark overnight rate on Wednesday to its highest level in 14 years as it seeks to tame inflation, and it may signal its tightening cycle is near an end as the...

 2022-12-07 15:09 

FX Empire

Supreme Court hears Republican bid to transform U.S. elections...

By Andrew Chung and Nate Raymond WASHINGTON (Reuters) The U.S. Supreme Court is set on Wednesday to hear a Republican appeal that could transform U.S. elections by giving politicians more power over voting rules and curbing the ability of state courts to ...

 2022-12-07 15:08 

FX Empire

UK orders thousands more anti-tank weapons...

LONDON (Reuters) Britain has ordered thousands of new anti-tank weapons in a 223 million pound ($272.04 million) deal with Swedish manufacturer Saab, the defence ministry said on Wednesday....

 2022-12-07 15:07 

FX Empire

French stock market watchdog AMF extends EDF buyout offer after legal challenge...

PARIS (Reuters) French stock market wathdog AMF said on Wednesday it had decided to extend the buyout offer the French state has launched on power group EDF pending a Paris Court of Appeal's decision on a legal challenge against the offer....

 2022-12-07 14:36 

FX Empire

White House mindful of China's attempts for influence in Middle East...

WASHINGTON (Reuters) The White House said on Wednesday that Chinese President Xi Jinping's visit to Saudi Arabia is an example of Chinese attempts to exert its influence around the world and it will not change U.S. policy toward the Middle East....

 2022-12-07 14:36 

FX Empire

Meta's Whatsapp loses action against EU Data Protection Board court statement...

PARIS (Reuters) The Court of Justice of the European Union said in a statement it had dismissed as inadmissible an action brought by WhatsApp against a decision of the European Data Protection Board....

 2022-12-07 14:36 

FX Empire

Putin says Russia will defend its interests with all available means...

(Reuters) President Vladimir Putin said on Wednesday that Russia would fight to defend its interests using all available means....

 2022-12-07 14:36 

FX Empire

Egypt expecting approval of IMF package next week-deputy minister...

CAIRO (Reuters) Egypt is expecting approval of a new $3 billion Extended Fund Facility package from the International Monetary Fund next week, Deputy Finance Minister Ahmed Kouchouk said on Wednesday....

 2022-12-07 14:36 

FX Empire

Washington DC AG sues Amazon over driver tips...

WASHINGTON (Reuters) The District of Columbia attorney general's office filed suit Wednesday against Amazon.com Inc alleging it previously withheld tips from delivery drivers....

 2022-12-07 14:19 

FX Empire

US Third-Quarter Labor Costs Revised Sharply Higher as Worker Productivity Falls...

The latest data shows the Fed is likely to keep upward pressure on interest rates until it's clear that inflation is trending lower....

 2022-12-07 14:07 

FX Empire

Athletics-Diamond League to return to China in 2023, finale in U.S...

(Reuters) The 2023 Diamond League season will begin with its traditional Doha meeting in May and stage its season finale in Eugene, Oregon in the United States in September, while two Chinese events return to the calendar after COVID disruptions....

 2022-12-07 14:06 

FX Empire

Suspicious packages sent to Ukrainian missions came from Germany Kyiv...

KYIV (Reuters) A series of suspicious packages sent to Ukrainian embassies all bore the address of a Tesla car dealership in Germany and were usually sent from post offices without video surveillance, Ukraine's foreign minister said on Wednesday....

 2022-12-07 14:06 

FX Empire

Blackrock says calls for increased overweight in inflation-linked bonds...

(Reuters) Asset manager Blackrock on Wednesday said that a new regime of greater macroeconomic and market volatility means that investors should demand more compensation for taking the same levels of risk and should increase their strategic allocations in...

 2022-12-07 14:06 

FX Empire

Wall Street cuts jobs as grim economic reality sets in Lazard CEO...

(Reuters) Wall Street banks are adjusting to a more sluggish economic environment by laying off staff even as they compete to retain and recruit top talent, Kenneth Jacobs, Chief Executive Officer of Lazard Ltd, told investors at a conference Wednesday....

 2022-12-07 14:00 

FX Empire

U.S. expands visa restriction policy related to Sudan...

WASHINGTON (Reuters) The United States is expanding its current visa restriction policy to hold to account military or political actors who undermine or delay the democratic process in Sudan, Secretary of State Antony Blinken said on Wednesday....

 2022-12-07 13:36 

FX Empire

Ukraine's Zelenskiy named Time's 2022 'Person of the Year'...

(Reuters) Time magazine named Ukrainian President Volodymyr Zelenskiy 2022's "Person of the Year" on Wednesday, saying he inspired Ukrainians and won global accolades for his courage in resisting Russia's devastating invasion....

 2022-12-07 13:28 

FX Empire

Food retailer Sligro acquires Metro activities in Belgium...

(Reuters) Dutch food retailer Sligro Food Group said on Wednesday it would acquire German distribution company Metro's activities in Belgium....

 2022-12-07 13:22 

FX Empire

British PM Sunak looking at further ways to limit strike impact of strikes spokesperson...

LONDON (Reuters) British Prime Minister Rishi Sunak is looking at further measures to tackle strikes which have spread to several sectors, his spokesperson said on Wednesday, raising the possibility of moves to ease industrial action in the health sector....

 2022-12-07 13:22 

FX Empire

Belarus protest leader's health problems caused by bad treatment in jail allies...

KYIV (Reuters) Political allies of jailed Belarusian protest leader Maria Kolesnikova said on Wednesday a rapid deterioration in her health last week and eventual hospitalisation were prompted by bad treatment in prison....

 2022-12-07 13:21 

FX Empire

Russia's December wheat exports close to record, experts say...

By Polina Devitt MOSCOW (Reuters) Wheat exports from Russia, the world's largest supplier, will be close to record highs in December, if disruptions caused by storms in its main sea route the Black Sea are limited, analysts and an association of expor...

 2022-12-07 13:21 

FX Empire

Dutch panel concludes Uber International's lobbying didn't influence taxes...

AMSTERDAM (Reuters) Experts for the Dutch government have found that an Uber lobbying campaign between 2013 and 2015 did not lead to special tax treatment for the U.S. company in the Netherlands, where it has its international headquarters....

 2022-12-07 13:21 

FX Empire

French environmentalists file complaint against Apple for wasteful practices...

PARIS (Reuters) A French environment campaign group filed a complaint against Apple Inc. over commercial practices restricting possibilities to repair products with spare parts, it said on Wednesday....

 2022-12-07 13:21 

FX Empire

Explainer-What's driving Haiti's humanitarian crisis?...

(Reuters) Haitians continue to flee their country amid gang violence that has left much of the Caribbean nation off limits to the government. Kidnappings have become increasingly frequent and gunbattles between police and crime groups a routine occurrence...

 2022-12-07 13:21 

FX Empire

Mobileye beats revenue estimates in first quarterly report since IPO...

(Reuters) Mobileye Global Inc beat estimates for revenue on Wednesday in its first quarterly report after going public in October, as the Intel Corp unit benefited from strong demand for its self-driving technology from carmakers....

 2022-12-07 12:51 

FX Empire

Analysis-East Europeans count their pennies for Christmas as food costs soar...

By Krisztina Than TISZAESZLAR, Hungary (Reuters) Consumers in Eastern Europe are saving up to put their favourite carp and pork dishes on the table for Christmas as food price inflation, especially in Hungary and the Baltics, outpaces that in the wider Eu...

 2022-12-07 12:51 

FX Empire

Russian officer who fled to Kazakhstan could be deported, family says...

By Olzhas Auyezov ALMATY (Reuters) A Russian military officer who illegally crossed into Kazakhstan because he objected to the invasion of Ukraine has been detained there, his family said, leaving Kazakh authorities with a diplomatic dilemma over whether ...

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