KYIV (Reuters) – Ukrainian troops are advancing in all directions of their counteroffensive against occupying Russian forces, a senior defence official said on Friday. Since the start of the counteroffensive this month, Ukraine says it has reasserted control over clusters of villages in the southeast although Russia still holds swathes of territory in the east,…
By Huw Jones LONDON (Reuters) – Global shares were steady on Friday as investors scrutinised inflation data from both sides of the Atlantic to cap a rollercoaster quarter for markets that upended bets on interest rates peaking. Oil was poised for its first monthly gain this year, as a big drawdown in U.S. oil stocks…
PARIS (Reuters) – MG Motor, owned by Chinese company SAIC Motor, on Friday announced a new leasing offer whereby drivers in France can get for 99 euros ($107.6) a month its MG4 electric car, matching a scheme the French government would like to see benefiting cars made in Europe. The offer runs from July 1…
By David Milliken and Andy Bruce LONDON (Reuters) -Britain’s economy made a lacklustre start to 2023 as inflation ate into households’ disposable income, official figures showed on Friday, and economists expect higher interest rates to keep up the pain even as inflation eases. Friday’s figures showed no change to the Office for National Statistics’ (ONS)…
SHANGHAI/BEIJING (Reuters) – China’s central bank has surveyed some foreign banks in the past week about the interest rates they offer to their clients for dollar deposits, people familiar with the matter said, as authorities step up efforts to slow the yuan’s depreciation. The central bank also guided one commercial lender to lower such rates,…
STOCKHOLM (Reuters) – Sweden’s prime minister said on Friday his Hungarian counterpart had assured him that Budapest would not delay the Nordic country’s NATO accession, following reports that Hungary’s parliament would delay a ratification of the membership. Sweden applied last year to join NATO following Russia’s invasion of Ukraine but Turkey and Hungary have so…
KARACHI, Pakistan (Reuters) – Pakistan reached a staff-level agreement with the International Monetary Fund (IMF) to release $3 billion in critical bailout funds following a long drawn-out review process for the cash-strapped economy since November last year. The agreement is under a Stand-By Arrangement (SBA), as the existing Extended Financing Facility (EFF) programme signed in…
KYIV (Reuters) – Russia is gradually reducing the number of personnel at the occupied Zaporizhzhia nuclear power station in southern Ukraine, Ukraine’s military intelligence agency said on Friday. It did not say why some people had left and Reuters could not independently verify the information. Russia, which has occupied the plant since March 2022, did…
By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON/NEW YORK/HONG KONG (Reuters) -For hedge funds, the second half of 2023 is all about pouncing on the ways in which inflation, aggressive rate hikes and decarbonisation are shaping the economy. Major central banks have collectively raised rates by more than 3,750 basis points since September 2021,…
By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON/NEW YORK/HONG KONG (Reuters) -For hedge funds, the second half of 2023 is all about pouncing on the ways in which inflation, aggressive rate hikes and decarbonisation are shaping the economy. Major central banks have collectively raised rates by more than 3,750 basis points since September 2021,…
