International News

  Bloomberg If Mario Draghi brought a souvenir back from his trip to Washington, it might just be an olive branch. As the European Central Bank prepares for a policy decision this week, its president will return to his desk armed with an endorsement of stimulus by the International Monetary Fund, and an apparent truce with one of his most ...

  Bloomberg Investors in Brazil may find that getting what they wished for isn’t all it was cracked up to be. The real and the Ibovespa slumped even after the lower house of Congress voted to proceed with President Dilma Rousseff’s ouster. The scope of gains going forward is seen as limited given the difficulty in tackling the country’s economic ...

  Bloomberg Verizon Communications Inc. is the leading suitor for Yahoo! Inc. after a number of bidders decided not to make an offer for the struggling Web company, according to the Wall Street Journal. Time Inc., Alphabet Inc. and IAC/InterActiveCorp have dropped out, while Advent International is among the buyout firms looking at making a bid, the Journal reported, citing ...

  Bloomberg The tap in her apartment yields water only every two weeks. It comes out yellow. Her 8-month-old granddaughter is ill. And as Yajaira Espinoza, a 55-year-old hairdresser, made her way down the halls of Caracas university hospital on Friday, Zika cases evident in the rooms around her, a dense ash-filled smog enveloped the city. “I am so sorry ...

  Bloomberg PepsiCo Inc. posted first-quarter profit that beat analysts’ estimates after North American snack sales rose, helped by price increases. Earnings were 89 cents a share, excluding some items, the Purchase, New York-based company said in a statement on Monday. Analysts estimated 81 cents, according to data compiled by Bloomberg. Sales fell 2.9 percent to $11.9 billion, matching analysts’ ...

  Bloomberg Greece’s finance minister arranged a last-minute follow-up meeting with International Monetary Fund Managing Director Christine Lagarde before returning to Athens from a gathering of global policy makers in Washington, as the nation seeks to unlock more bailout funds from creditors. The creditors are considering proposing additional austerity measures that would kick in if the nation missed budget targets, ...

  Athens / AFP Greek Prime Minister Alexis Tsipras said reform talks with the country’s EU-IMF creditors, delayed by disagreements over pension cuts and bad loans, could conclude by May 1. “I believe the target I have specified, to conclude (the talks) by Orthodox Easter (on May 1)… is feasible,” Tsipras told state television ERT. “We are on the verge, I ...

  Bloomberg Banks and asset managers moved closer to winning easier rules for derivatives as European Union member states signaled support for amending regulations as part of a delay in the wider law that revamps oversight of trading across the continent. EU states are considering attaching the policy changes to legislation postponing until January 2018 the vast MiFID II law ...

  AFP Germany’s healthcare system is losing as much as a billion euros a year to scammers, some of whom are linked to the Russian mafia, according to a media report on Sunday. One scam involves health workers who charge for 24-hour care but are alleged to only check on their patients two or three times a day, said the ...

  Bloomberg Banks around Europe are trying to figure out how to provide their services to asylum seekers while making sure they stick to strict rules blocking money laundering & terror financing. By compelling banks to verify the identity of their customers, the requirements make it harder for would-be refugees without a valid ID to open a bank account. Without ...