By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – U.S. home prices will decline less than previously expected this year before stagnating in 2024, despite widespread expectations interest rates will remain higher for longer, according to property analysts polled by Reuters. Even though the U.S. Federal Reserve has embarked on its most aggressive tightening cycle…
By Ju-min Park and Daewoung Kim SEOUL (Reuters) -Air raid sirens and a mobile phone alert calling for evacuations rattled residents of South Korea’s capital, Seoul, early on Wednesday after North Korea tried to launch what it said was a satellite. Nuclear-armed North Korea’s sixth satellite launch ended in failure, with the booster and payload…
By Julia Payne BRUSSELS (Reuters) -Ryanair delivered a petition signed by 1.1 million EU passengers to the European Commission on Wednesday, demanding overflights be protected from air traffic control (ATC) strikes, particularly in France, to help avoid travel disruption. Earlier this month, the trade group Airlines for Europe, which represents companies such as Lufthansa and…
(Reuters) – Wall Street’s main indexes opened lower on Wednesday as a deal to raise the nation’s debt ceiling headed for a pivotal vote by lawmakers, while another round of earnings highlighted the pinch of higher prices being felt by corporate America. The Dow Jones Industrial Average fell 94.07 points, or 0.28%, at the open…
By Ira Dugal MUMBAI (Reuters) -On a hot summer afternoon, 23-year old Nizamudin Abdul Rahim Khan is playing cricket on a muddy, unpaved road in the Rafiq Nagar slum in India’s financial capital, Mumbai. Here, there is scant evidence of India’s fast-growing economy. Bordering what was once Asia largest garbage dumping ground, Rafiq Nagar and…
By Guy Faulconbridge MOSCOW (Reuters) – Russia’s most powerful mercenary, Yevgeny Prigozhin, said on Wednesday that he had asked prosecutors to investigate whether senior Russian defence officials had committed any “crime” before or during the war in Ukraine. Prigozhin’s request is his most blatant public challenge to date against President Vladimir Putin’s top military brass,…
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s economy likely surged back to growth in the first quarter of the year, powered by record-breaking crops and solid crude oil output that more than offset the drag of subdued manufacturing activity, a Reuters poll of economists showed. Strong exports by commodities-producing sectors were seen adding to…
(This May 17 story has been corrected to say Marathon Petroleum, not Marathon Oil, in paragraph 8) By Trixie Yap and Florence Tan SINGAPORE (Reuters) – Finnish refiner Neste expects renewable fuels from its new facilities in Singapore and the U.S. to drive its growth this year despite expectations of lower oil product margins in…
By Soo-hyang Choi SEOUL (Reuters) – North Korean leader Kim Jong Un is believed to weigh over 140 kg (308 lb) according to an artificial intelligence (AI) estimate, a South Korean lawmaker said on Wednesday in a remark reflecting abiding interest in the health of the North’s secretive ruler. The health of North Korean leaders…
WASHINGTON (Reuters) – An apparent rebound in the residential housing market could impact the Federal Reserve’s inflation fight, with home prices “leveling out” even as the U.S. central bank awaits the impact of falling rents on headline inflation data, Fed Governor Michelle Bowman said on Wednesday. “We expect lower rents will eventually be reflected in…
