By Lewis Krauskopf NEW YORK (Reuters) -Some Wall Street banks are sounding caution on the U.S. stock rally, warning that stretched valuations have made equities more vulnerable to declines. The S&P 500 pulled back for the week though it is up more than 13% since the year began, fueled by signs of moderating inflation, excitement…
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s parliament on Sunday approved the government’s 2023-24 budget which was revised to meet International Monetary Fund conditions in a last ditch effort to secure the release of more bailout funds. The IMF in mid-June expressed dissatisfaction with the country’s initial budget, saying it was a missed opportunity to…
(Reuters) – Russian state television on Sunday showed Russian President Vladimir Putin expressing confidence in plans for Ukraine in an interview that appeared to have been recorded before Saturday’s aborted revolt by the Wagner group of mercenaries. “We feel confident, and, of course, we are in a position to implement all the plans and tasks…
BANGKOK (Reuters) – Thailand’s policy interest rate remains low and further tightening will be gradual to curb inflation risks as the economy continues to recover, a deputy central bank governor said on Sunday. The Bank of Thailand raised its main interest rate six times since August to 2% to tame inflation and policymakers have pledged…
VATICAN CITY (Reuters) – Pope Francis on Sunday offered prayers and solidarity to the family of a Vatican schoolgirl who went missing 40 years ago in one of Italy’s most enduring mysteries. Emanuela Orlandi, the 15-year-old daughter of a Vatican usher, failed to return home on June 22, 1983, after a music lesson in central…
MEXICO CITY (Reuters) – Hundreds of same-sex couples and transgender people in Mexico City celebrated weddings and the completion of administrative processes to change their gender on Friday, in a mass ceremony a day before the city’s annual gay pride march. Some 120 couples met the requirements to get married under the slogan “Hand in…
By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation. Despite the relentless rise in rates over the last 18 months, inflation…
HONG KONG (Reuters) – Hong Kong plans to “fine-tune” the maximum size of mortgages available to first-time homebuyers, Financial Secretary Paul Chan said in a radio interview on Sunday. Chan told Commercial Radio Hong Kong that residents want to upgrade homes after starting families so the government is discussing with the de facto central bank…
By Steve Gorman and Joseph Ax (Reuters) – Canadian safety officials on Friday opened an investigation into the undersea implosion of a tourist submersible that killed all five people aboard while diving to the century-old wreck of the Titanic, raising questions about the unregulated nature of such expeditions. A debris field from the submersible Titan…
By Lewis Jackson SYDNEY (Reuters) -PwC Australia on Sunday entered an exclusivity agreement with private equity firm Allegro Funds to sell its government practice for A$1 as it brought in an executive from Singapore to lead its local firm through the fallout from a national scandal. The scandal, which broke in January, revolves around a…
