By Lucinda Elliott ARTIGAS, Uruguay (Reuters) - Sandra Palleiro is on the hunt for her lost cows. The 60-year-old accountant is standing in a muddy field at the end of a farm track in Uruguay’s remote border region with Brazil. She has traveled 600 kilometers (370 miles) from the capital, Montevideo, to find 61 cattle she owns, at least on paper. The missing bovines were part of a "cow bond ...
By Davide Barbuscia and Pushkala Aripaka (Reuters) -Moody’s downgraded the U.S. sovereign credit rating on Friday due to concerns about the nation’s growing, $36 trillion debt pile, in a move that could complicate President Donald Trump’s efforts to cut taxes and send ripples through global markets. Moody’s first gave the United States its pristine "Aaa" rating in 1919 and is the last of t ...
ROME/BERLIN (Reuters) -Europe is a long way from talking about deploying troops in Ukraine as all its efforts are currently focused on securing an unconditional ceasefire from Russia, German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni said on Saturday. "The next step must be that the format for peace talks is made clear, as well as which security guarantees could possibly, ...
ROME (Reuters) -Germany does not expect Italy’s UniCredit to launch a full bid for German rival Commerzbank (ETR:CBKG) at present, German Chancellor Friedrich Merz said on Saturday. UniCredit disclosed last year that it had built a web of financial transactions through derivatives to secure a Commerzbank stake of around 28%, and in March received European Central Bank approval to get to 29.9%. ...