FRANKFURT, June 15 (Reuters) – The European Central Bank raised its key interest by 25 basis points on Thursday to 3.5% and left the door open to more hikes, extending its fight against high inflation even as the euro zone economy flags. Following are highlights of ECB President Christine Lagarde’s comments at a news conference…
LONDON (Reuters) -The European Central Bank raised interest rates for the eighth successive time, as expected, on Thursday and signalled further policy tightening, as it battles high inflation. The central bank for the 20 countries that share the euro also said it expected inflation to stay above its 2% target through 2025 and hinted once…
WASHINGTON (Reuters) – U.S. import prices fell in May and the annual decrease in prices was the sharpest in three years, providing another boost for the Federal Reserve in the fight against inflation. Import prices dropped 0.6% last month as the costs of energy products and food declined after increasing 0.3% in April, the Labor…
By Mayela Armas, Corina Pons and Rodrigo Campos CARACAS/MADRID/NEW YORK (Reuters) – Small funds and investors outside the United States are looking to increase their exposure to Venezuelan bonds, on the expectation of debt renegotiations or of legal action tied to a looming expiry of repayment rights, investors and four financial sector sources said. Many…
LONDON (Reuters) – Actor Glenda Jackson, a two-time Oscar winner who won acclaim for playing an English queen but later served as a socialist politician in the British parliament for 23 years, has died. She was 87. One of four daughters of a bricklayer and a cleaning lady in northwest England, Jackson never forgot her…
By Silvia Aloisi PARIS (Reuters) -Alibaba Group will make Europe top priority as it focuses on building local businesses and online platforms outside China, the president of the e-commerce giant said on Thursday. “What we will focus more for the future is to build local businesses, so you will see something called TMall which we…
By Magali Druscovich and Sheila Dang (Reuters) – To make sense of the unprecedented events of Jan. 6, 2021, Vitus “V” Spehar did what no traditional journalist would do – crawl under a desk and begin recording a video for TikTok. Like others who watched on TV as the storming of the U.S. Capitol unfolded,…
By Saeed Azhar, Lananh Nguyen and Tatiana Bautzer NEW YORK (Reuters) – Goldman Sachs Group Inc’s managing directors were invited to meetings this month to receive an ominous message: take even more painful steps to cut costs, according to four sources familiar with the situation. Belt-tightening on the agenda for meetings of Goldman’s top executives…
By Hyonhee Shin SEOUL (Reuters) -Several thousand South Korean and U.S. troops took part in joint live-fire exercises on Thursday, in a show of force after North Korea’s failed attempt last month to launch a spy satellite ratcheted up tensions in the region. The drills, overseen by South Korean President Yoon Suk Yeol, are also…
By David Lawder MANDEVILLE, Jamaica (Reuters) -World Bank President Ajay Banga wants to focus on improving the development lender so that he can earn the right to press member countries for more capital, as the new chief looks to expand its role in fighting climate change, pandemics and other crises. Banga said in an interview…
