By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials, whose hike, skip or pause messaging on interest rates has become a high-stakes word puzzle for investors, seem ready to end the U.S. central bank’s run of 10 straight rate increases later this month while leaving the door open to a future rise in borrowing costs….
By Michael Holden LONDON (Reuters) – Prince Harry will become the first senior British royal to give evidence in court for 130 years when he testifies next week in his lawsuit against a newspaper group he accuses of unlawful behaviour. Harry, King Charles’ younger son, will appear in the witness box at London’s High Court…
WASHINGTON (Reuters) – The United States and United Nations on Friday criticized Vietnam’s detention of members of an environmental group including its founder, saying such actions were part of a broader trend toward curbing free speech. “The United States is concerned by the detention of leaders and staff of CHANGE, including the ongoing detention of…
By Ludwig Burger FRANKFURT (Reuters) – Novartis breast cancer drug Kisqali cut the risk of recurrence by more than 25% in a pivotal trial on women diagnosed at an early stage, positioning the Swiss drugmaker to win new patients and but facing strong competition from Eli Lilly. The company on Friday said the relative risk…
By Fergal Smith TORONTO (Reuters) – Greater Toronto Area (GTA) home prices increased in May from April and sales rose sharply, adding to evidence that the housing market is recovering after a year-long slump, a factor that could support additional Bank of Canada rate hikes. The average price of a GTA home rose to nearly…
SAO PAULO (Reuters) – Industrial production in Brazil fell by more than expected in April from March, data from government statistics agency IBGE showed on Friday, underscoring the difficulties faced by the sector against a backdrop of high borrowing costs. Output slipped 0.6% in the period, more than the 0.2% drop forecast by economists in…
LONDON (Reuters) – Veteran British stock-picker Richard Buxton is set to retire from Jupiter Asset Management at the end of the summer, the company said in a statement on Friday. Over a career spanning nearly four decades Buxton became one of Britain’s highest profile fund managers, rising up the ranks in the industry through stints…
By Joe Brock and Kanupriya Kapoor SINGAPORE (Reuters) -Australian Prime Minister Anthony Albanese on Friday called for greater engagement between the United States and China, saying a breakdown in dialogue between the superpowers could have devastating consequences for the world. The relationship between the United States and China is at its lowest point in decades,…
By Jonathan Cable LONDON (Reuters) – A crash in British home prices is unlikely but they will dip further this year than earlier thought as the cost of living crisis and rising borrowing costs take their toll on indebted buyers, a Reuters poll showed. As in much of the world, home prices soared during the…
BUDAPEST (Reuters) – Hungary should not consider adopting the euro before 2030 as joining the single currency zone before its economy is duly prepared would backfire, central bank governor Gyorgy Matolcsy said on Friday. Matolcsy said once Hungary reaches about 90% of the EU’s average level in terms of economic development, then the adoption of…
