FRANKFURT (Reuters) – European Central Bank President Christine Lagarde on Monday acknowledged “signs of moderation” in core inflation in the euro zone but reaffirmed it was too early to call a peak in that key gauge of price growth. Lagarde’s comments were likely to cement market expectations for more interest rate increases from the ECB…
By Milounee Purohit BENGALURU (Reuters) – Average home prices in Canada are set to fall around 9% this year and then rise into 2024 and beyond as buyers bet interest rates have already peaked alongside strong demand for housing, according to property analysts polled by Reuters. The Bank of Canada raised rates rapidly from near-zero…
By Milounee Purohit BENGALURU (Reuters) – Average home prices in Canada are set to fall around 9% this year and then rise into 2024 and beyond as buyers bet interest rates have already peaked alongside strong demand for housing, according to property analysts polled by Reuters. The Bank of Canada raised rates rapidly from near-zero…
HONG KONG/BEIJING (Reuters) -China’s CITIC Securities is cutting pay across its investment banking division, lowering base salaries by up to 15%, two sources said, in a rare move in the country’s financial sector as Beijing pushes to bridge income disparity. The country’s top investment bank by market value has also yet to pay bonuses to…
SYDNEY (Reuters) – A woman imprisoned for 20 years over the deaths of her four children was pardoned by New South Wales state on Monday after a judicial review found there was reasonable doubt about the original convictions. Kathleen Megan Folbigg was convicted in 2003 for the murder of her three children and manslaughter of…
By Gibran Naiyyar Peshimam LAHORE, Pakistan (Reuters) – Pakistan’s embattled former Prime Minister Imran Khan has accused the powerful military and its intelligence agency of openly trying to destroy his political party, saying he had “no doubt” he would be tried in a military court and thrown in jail. Khan has hinted previously at the…
By Francois Murphy VIENNA (Reuters) – The U.N. nuclear watchdog’s chief denied on Monday that his agency had watered down its standards in an investigation into past Iranian activities after Israel accused it of “capitulation to Iranian pressure”. The dispute centres on the International Atomic Energy Agency’s years-long investigation into the origin of uranium particles…
By Joanna Plucinska, Aditi Shah and Tim Hepher ISTANBUL (Reuters) – Global airlines on Monday more than doubled their forecast for the industry’s 2023 profit but warned delays in getting planes to cope with rising demand could dampen their post-pandemic recovery. “The pandemic years are behind us and borders are open as normal,” Willie Walsh,…
By YP Rajesh NEW DELHI (Reuters) -India and the United States have concluded a roadmap for defence industry cooperation for the next few years, the two countries said on Monday, a landmark move expected to bolster New Delhi’s defence manufacturing ambitions. Washington is working to deepen ties with India and sees stronger military-to-military and technology…
By Belén Carreño and Philip Blenkinsop MADRID/Brussels (Reuters) -The European Commission has said it is a priority to conclude a long-delayed trade deal with South America’s Mercosur bloc, as the EU seeks new allies to reduce its dependence on China and the United States, according to a document seen by Reuters. The policy paper, due…
