By Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) – Inflation in the euro area is too high for comfort, meaning markets expect the European Central Bank to deliver its seventh straight interest rate hike on Thursday. With some stability returning to banks after a March rout, hawks may feel confident pushing for a larger hike,…
(Reuters) -Meetings at the U.S. Federal Reserve, the European Central Bank and Australia’s central bank top the agenda, while megacap Apple brings the U.S. earnings season to an end, as markets work through fresh banking tremors. Here’s a look at the week ahead in markets from Ira Iosebashvili and Lewis Krauskopf in New York, Dhara…
(Reuters) – Over 200 law enforcement officers in Texas searched on Sunday for a man accused of shooting to death five neighbors after being asked to stop firing a semiautomatic rifle in Cleveland, Texas. Francisco Oropesa, 38, is accused of opening fire on neighbors after being asked to stop shooting an AR-15-style rifle late Friday…
TOKYO (Reuters) – Sony Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units….
TOKYO (Reuters) – Sony Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units….
(Reuters) -Undermining Russia’s logistics is one of the elements of preparation for the expected Ukrainian counter-offensive, a Ukrainian military spokeswoman said on Sunday, after a fire destroyed a large Russian fuel depot in Crimea. While not directly admitting to striking the fuel storage facility in the Crimean port of Sevastopol, Ukraine’s military command said that…
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – A group of investors led by prominent activist shareholder Yoshiaki Murakami said a push by the Tokyo bourse for better capital efficiency will strengthen their crusade to reduce Japan’s unusually high number of chronically undervalued stocks. Japan is almost unique among major economies in the number…
By Chris Prentice, Nupur Anand and Saeed Azhar NEW YORK (Reuters) -PNC Financial Services Group, JPMorgan Chase & Co and Citizens Financial Group Inc were among banks that submitted final bids for First Republic Bank on Sunday in an auction by U.S. regulators, sources familiar with the matter said. The Federal Deposit Insurance Corp had…