PORTOROZ, Slovenia (Reuters) - The European Central Bank is likely to cut interest rates in June but the bank is not in a hurry to ease policy, so subsequent moves could be spaced out to give time for assessment, ECB policymaker Martins Kazaks said on Thursday.
The ECB has all but promised a rate cut on June 6 so the discussion has shifted to how quickly its next move should come and what conditions must be met for more easing.
"I think... (continue reading...)
ATHENS (Reuters) - Greece's prime minister reiterated on Thursday his intention to thwart North Macedonia's bid to join the EU after its newly elected president referred to her country as "Macedonia", reigniting a dispute with Athens over the name.
Gordana Siljanovska-Davkova - who had the backing of a resurgent nationalist party in last week's vote - referred to the former name of Macedonia during her inauguration on Sunday, violating a U.N.-brokered... (continue reading...)
(Reuters) - Johnson & Johnson on Thursday said it would acquire privately held Proteologix for $850 million in cash, with potential for an additional milestone payment.
(Reporting by Sriparna Roy in Bengaluru; Editing by Anil D'Silva)
By Uditha Jayasinghe
COLOMBO (Reuters) - Sri Lanka will dispatch a high-level delegation to Russia to investigate the fate of hundreds of nationals reportedly fighting in the war in Ukraine, a top official said on Thursday.
Social media campaigns via WhatsApp have targeted ex-military personnel with promises of lucrative salaries and promises of citizenship, the Defence Ministry has said, warning its nationals not to be duped.
... (continue reading...)(Reuters) -Apparel maker Under Armour forecast its annual revenue and profit below analysts' expectations on Thursday, a sign of soft demand for its sportswear in the U.S. as consumers cut back on discretionary spending in the face of sticky inflation.
Shares of the company, which have fallen 22% so far this year, were down 15% in premarket trading.
The company has also outlined a restructuring plan and expects to incur total estimated... (continue reading...)
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