SEOUL (Reuters) – South Korea’s central bank said on Monday that upward risks to core inflation were “a little high” amid strong consumption and employment trends, raising the prospect of higher inflation lasting longer than expected. “While there is high uncertainty regarding global energy prices, domestic and global economic growth and public price hikes over…
By Timour Azhari, Amina Ismail and Ahmed Rasheed BAGHDAD (Reuters) -Helped by buoyant oil prices and a period of political calm at home and in the region, Iraq appears more stable than any time since the U.S.-led invasion, although the government’s bid to cement gains with a budget splurge may prove a shaky foundation. In…
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank risks losing sight of corporate profits as a driver of inflation – or “greedflation” in market parlance – by zeroing in on wage growth which still lags far behind prices, economists said on Friday. ECB President Christine Lagarde singled out rising salaries as…
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank risks losing sight of corporate profits as a driver of inflation – or “greedflation” in market parlance – by zeroing in on wage growth which still lags far behind prices, economists said on Friday. ECB President Christine Lagarde singled out rising salaries as…
HONG KONG (Reuters) – Cathay Pacific Airways Ltd said on Monday it would in July launch initiatives to improve Mandarin language and cultural understanding, including hiring cabin staff from mainland China, after three crew were fired over discrimination. The announcement, sent in an internal memo to staff and seen by Reuters, said all cabin crew…
MELBOURNE (Reuters) -Rio Tinto was working on Monday to recover about 30 wagons of a self-driving iron ore train that derailed in Western Australia, an accident that analysts said had the potential to disrupt its exports, although no one was injured. Saturday’s incident was the second such event after peer BHP Group derailed a…
By Stella Qiu SYDNEY (Reuters) – Asian shares started cautiously on Monday after their best weekly run in five months, as investors looked ahead to China’s rate decision and U.S. Federal Reserve Chair Jerome Powell’s testimonies for clues on the path ahead. Both S&P 500 futures and Nasdaq futures were mostly flat after Wall Street’s…
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been predictably subdued in Asia as a U.S. holiday provides a convenient excuse for stocks to consolidate recent hefty gains before a bevy of central bank meetings this week. Most indices are down, with the…
By Rory Carroll LOS ANGELES (Reuters) -American Wyndham Clark announced himself as golf’s newest star with a gutsy U.S. Open triumph at the Los Angeles Country Club on Sunday to claim his first major title. Facing off against some of the game’s biggest names in the shadow of Hollywood, Clark tuned out some late drama…
