LIMA (Reuters) – Peru’s gross domestic product (GDP) expanded 0.31% in April compared with the same month last year, the government’s INEI statistics agency said on Thursday, nevertheless landing below analysts’ expectations. Analysts polled by Reuters had forecast growth of 1.5% increase, after a 0.22% rise recorded in March. The increase marks the second consecutive…
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose over 2% to a one-week high on Thursday as the U.S. dollar weakened and data showed a jump in refinery runs in top crude importer China. Brent futures rose $1.76, or 2.4%, to $74.96 a barrel by 11:21 a.m. EDT (1521 GMT). U.S. West Texas Intermediate…
By Andrew Gray and Sabine Siebold BRUSSELS (Reuters) -Top U.S. defence officials said on Thursday Ukraine faces a tough fight in its counter-offensive against Russian forces and urged Kyiv’s allies to “dig deep” to provide more arms and ammunition. “Ukraine has begun their attack and they are making steady progress. This is a very difficult…
ROME (Reuters) -Generali will buy out the Spanish unit of U.S. insurer Liberty Mutual for 2.3 billion euros ($2.51 billion), in a move aimed at strengthening its property and casualty segment, Italy’s top insurer said on Thursday. “Generali is acquiring a profitable insurance business in three growing European markets with very attractive characteristics, that will…
By Victoria Waldersee BERLIN (Reuters) -Tesla will hire fewer temporary workers at its plant outside Berlin than it did in its ramp-up phase and refrain from Saturday shifts, but it is still on track to achieve its production targets, the company said on Thursday. The comments followed a report by Business Insider earlier on Thursday…
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank raised borrowing costs to their highest level in 22 years on Thursday and left the door open to more hikes, extending its fight against inflation that remains stubbornly high even as the euro zone economy flags. The ECB increased its key interest rate…
By Fergal Smith TORONTO (Reuters) – Canada’s housing market showed further signs of recovery in May following a yearlong slump, data on Thursday showed, a factor that could support additional Bank of Canada interest rate hikes. Canadian home sales rose 5.1% in May from April and were up 1.4% year-over-year, the first increase on an…
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is reassessing how it plans to deal with billions of euros’ worth of loans it guaranteed during the pandemic and energy crises in the event borrowers run into trouble, three people familiar with the matter said. The sources said Prime Minister Giorgia Meloni’s administration has…
By Elizabeth Piper and William James LONDON (Reuters) -Boris Johnson deliberately misled the British parliament in an unprecedented way over rule-breaking parties at his office during COVID-19 lockdowns, a committee said on Thursday in a damning verdict that further tarnished the former prime minister Almost a year ago, Johnson was talking about remaining prime minister…
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) – Faced with a $42 billion budget hole so far this year, Russian officials on Thursday acknowledged the need for more efficient budget spending but clashed over the prudence of further increases in the tax burden. With soaring military spending and sanctions squeezing Russia’s energy revenues, Moscow…
