(Reuters) – The number of people filing for state unemployment benefits for the first time held steady at a 20-month high last week, remaining elevated for a third straight week in what may be an early indication of a softening labor market in the face of the Federal Reserve’s aggressive credit tightening. Data from the…
By Daniel Trotta, Brad Brooks (Reuters) -Experts raised safety concerns in 2018 about the submersible vessel that has been missing since Sunday, when it descended with tourists on a deep ocean journey to view the wreckage of the Titanic. The pilot and four passengers are aboard and the available oxygen on the vehicle has been…
(Reuters) -U.S. semiconductor toolmaker Applied Materials will invest $400 million over four years in a new engineering center in India, the company said on Thursday. Indian Prime Minister Narendra Modi had met with the company’s CEO Gary Dickerson in Washington on Wednesday and invited Applied to strengthen the chip industry in the country. Applied’s investment…
LONDON (Reuters) – Two creditors of France’s Orpea have filed an application in a U.S. court against another creditor and the creditor’s financial adviser to obtain and use documentation related to the care home operator’s French legal proceedings, a source close to the situation said. Orpea creditors Kyma Capital and LMR Partners lodged on Tuesday…
LONDON (Reuters) -The Bank of England raised interest rates more than expected by half a percentage point on Thursday after it said there had been “significant” news suggesting British inflation would take longer to fall. The BoE’s Monetary Policy Committee (MPC) voted 7-2 to raise its main interest rate to 5% from 4.5%, its highest…
By John Revill ZURICH (Reuters) -The Swiss National Bank raised its policy interest rate by 25 basis points on Thursday as the central bank pressed ahead with its campaign to dampen stubborn inflation and signalled that more tightening was likely to come. Chairman Thomas Jordan pointed to rising inflationary pressures and the danger of price…
By John Revill ZURICH (Reuters) -The Swiss National Bank raised its policy interest rate by 25 basis points on Thursday as the central bank pressed ahead with its campaign to dampen stubborn inflation and signalled that more tightening was likely to come. Chairman Thomas Jordan pointed to rising inflationary pressures and the danger of price…
PARIS (Reuters) – Following are highlights of what world leaders said at a summit in Paris on Thursday to boost crisis financing for poor countries, reform post-war financial systems and free up funds to tackle climate change. ON REFORM “Even with the capital that the World Bank and the MDBs (multinational development banks) have, there…
LONDON (Reuters) – Turkey’s new central bank governor Hafize Gaye Erkan delivered a smaller-than-expected interest rate hike at her first rate meeting on Thursday, sending the lira and the country’s dollar-denominated sovereign bonds sharply lower. The bank lifted its key rate 650 basis points to 15% compared to the median of 21% expected in a…
By Andrew Osborn and Olzhas Auyezov (Reuters) -Ukrainian missiles struck the Chonhar road bridge connecting Crimea with Russian-held parts of the southern Kherson region overnight, forcing traffic to be diverted to a different route, Russian-appointed officials said on Thursday. The so-called “gate to Crimea”, known by Russians with a different spelling as the Chongar Bridge,…
