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Search resuls for: "destabilised"


6 mentions found


☆ Australia's sovereign wealth fund buys gold, commodities as shadow of 1970s looms
  + stars: | 2022-12-19 | by ( Lewis Jackson | ) www.reuters.com   time to read: +2 min
SYDNEY, Dec 19 (Reuters) - Australia's A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it warns the future will echo the low-growth, high-inflation era of the 1970s. Investors large and small are scrambling to adjust portfolios and philosophies undermined by the simultaneous cratering of equity and bond markets. Investors now faced a world corrosive to asset prices: more war, the risk of capital controls and confiscations, bigger government, and the spectre of higher inflation. In response the Future Fund is implementing six broad sets of changes, including more focus on dynamic asset allocation and liquidity. Traditional approaches have delivered strongly, but it is doubtful they are fit for purpose in the future," it said.
☆ NATO to reassure Russia's neighbours fearful of instability
  + stars: | 2022-11-30 | by ( John Irish Luiza Ilie | John Irish | Luiza Ilie | ) www.reuters.com   time to read: +3 min
[1/4] U.S Secretary of State Antony Blinken attends the "Foreign Ministers of Partners at Risk of Russian Disinformation and Destabilization" session at the NATO foreign ministers meeting in Bucharest, Romania, November 30, 2022. REUTERS/Stoyan NenovBUCHAREST, Nov 30 (Reuters) - NATO foreign ministers will on Wednesday seek to reassure fragile countries in Russia's neighbourhood that they fear could be destabilised by Russia as the conflict in Ukraine drags on, squeezing energy supplies and pushing up prices. Estonian Foreign Minister Urmas Reinsalu told reporters that NATO wanted to be ensure that, after the war in Ukraine, Russia would have "no chance to dictate security options and a way of life to its neighbours". Bosnian Foreign Minister Bisera Turkovic, invited to join the NATO meeting, said she was concerned about Russia's intentions for her country. "The stability in western Balkans is important for peace," Italian Minister of Foreign Affairs Antonio Tajani said.
☆ Powers meet to pledge urgent support for Moldova as winter nears
  + stars: | 2022-11-21 | by ( John Irish | ) www.reuters.com   time to read: +1 min
PARIS, Nov 21 (Reuters) - Some 45 countries and institutions meet in Paris on Monday to pledge millions of euros of aid for Moldova, as fears mount that it could be further destabilised by the conflict in Ukraine. Largely dependent on Russia energy supplies, Moldova is facing more difficulties with winter arriving and Moscow cutting natural gas supplies by about 40%, hurting its ability to supply enough electricity to its population. Moldova is a former part of the Soviet Union, some of whose territory is occupied by Moscow-backed separatists. Donor conferences in Berlin and Bucharest earlier this year saw pledges in total of about 1.3 billion euros ($1.34 billion). Aid would be used to support Moldova's budget and electricity supplies as well as the costs for hosting thousands of Ukrainian refugees.
☆ Rishi Sunak's first speech as UK prime minister
  + stars: | 2022-10-25 | by ( ) www.reuters.com   time to read: +3 min
LONDON, Oct 25 (Reuters) - Rishi Sunak made his first speech as Britain's prime minister on Tuesday, acknowledging the mistakes of his predecessor Liz Truss while vowing to fix the economy, lead with integrity and fulfil the promises of the Conservative Party's 2019 manifesto. Below are the highlights from Sunak's speech:ON THE ECONOMY"Our country is facing a profound economic crisis. Register now for FREE unlimited access to Reuters.com Register"I will place economic stability and confidence at the heart of this government's agenda. And I have been elected as leader of my party and your prime minister, in part to fix them." ON BORIS JOHNSON"I will always be grateful to Boris Johnson for his incredible achievements as prime minister and I treasure his warmth and generosity of spirit.
☆ The destiny of Britain is Europe, Brexit was a "mirage," EU politician Breton says
  + stars: | 2022-10-23 | by ( ) www.reuters.com   time to read: 1 min
PARIS, Oct 23 (Reuters) - Britain's destiny lies in Europe and the country had been sold "a sort of mirage" with Brexit, said European Union industry chief Thierry Breton on Sunday, as he commented on the political turmoil currently afflicting the UK. "They had been sold a sort of mirage. Clearly its destiny is Europe," French politician Breton, who is the European Commissioner for the Internal Market, told RTL radio. "We have a country which is completely destabilised, and a political party as well," added Breton, referring to the troubles within the ruling Conservative Party after Liz Truss quit as Prime Minister last week. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sudip Kar-Gupta; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
☆ If Credit Suisse loves its bankers, set them free
  + stars: | 2022-10-21 | by ( Liam Proud | ) www.reuters.com   time to read: +6 min
LONDON, Oct 21 (Reuters Breakingviews) - Credit Suisse (CSGN.S) is a weak bank with some strong bankers. SECOND COMINGImagine, then, that Credit Suisse spins out its advisory and capital-markets business. But Credit Suisse has never quantified the business it wins from intragroup referrals, which suggests it is low. In this case, it will be higher if those people are no longer at Credit Suisse. First Boston was a U.S. investment bank in which Credit Suisse first bought a stake in 1978.
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