By Prerana Bhat BENGALURU (Reuters) – The European Central Bank will raise interest rates by 25 basis points on July 27, according to all economists in a Reuters poll, a slight majority of whom were now also expecting another hike in September. Inflation in the euro zone has almost halved, down to 5.5% in June…
(Reuters) – Chinese hacking teams have been blamed by Western intelligence agencies and cybersecurity groups for digital intrusion campaigns across the world, targeting everything from government and military organisations to corporations and media groups. Cybersecurity firms believe many of those groups are backed by China’s government. China’s authorities have consistently denied any form of state-sponsored…
By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will hold steady its policy including its yield control scheme at next week’s meeting, more than three-quarters of economists polled by Reuters said, as policymakers stress more time is needed for inflation stability. BOJ Governor Kazuo Ueda has signalled his resolve to maintain its massive…
By Jonathan Landay and Charlotte Greenfield WASHINGTON/ISLAMABAD (Reuters) – A U.S.-funded audit of Afghanistan’s Taliban-run central bank has failed to win Washington’s backing for a return of bank assets from a $3.5 billion Swiss-based trust fund, said two U.S. officials and a former U.S. official, a move that would help ease the country’s financial crisis….
By Amy Tennery AUCKLAND (Reuters) – The U.S. Center for SafeSport responded to criticism from United States national soccer team players on Friday, insisting their goals are aligned on preventing abuse in sport as the athletes called on Congress to change how the organisation operates. U.S. players, including all 23 who are kicking off their…
By David Shepardson WASHINGTON (Reuters) – U.S. Transportation Secretary Pete Buttigieg said he is willing to take a hard line with airlines when necessary as the Biden administration vows a sweeping upgrade in passenger consumer protections. “We’re continuing to work to make sure that airlines live up to their obligations, which we will enforce,” Buttigieg…
SEOUL (Reuters) – South Korea’s exports are expected to recover going forward, but at a sluggish pace compared with the past due to a narrower gap in competitiveness against China, the central bank said in a report published on Friday. “Even if the sluggishness of the information technology (IT) industry cycle eases from the second…
By David Shepardson and Mrinalika Roy (Reuters) -New York Governor Kathy Hochul on Thursday directed state departments to investigate health risks associated with old lead-clad cables left by telecommunication companies. The Wall Street Journal this month reported that telecom companies, including AT&T and Verizon Communications, had left toxic lead cables on poles, underwater and buried…
By Andrea Shalal WASHINGTON (Reuters) – The United States and Vietnam on Thursday said they had agreed to hold regular, senior staff-level talks on macroeconomic policies and efforts to maintain financial stability, and would also explore a possible technical assistance partnership. U.S. Treasury Secretary Janet Yellen and State Bank of Vietnam Governor Nguyen Thi Hong…
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -Japan’s core inflation stayed above the central bank’s 2% target in June for the 15th straight month but an index stripping away the effect of energy costs slowed, data showed, suggesting the prolonged commodity-driven price pressures may have peaked. Yet, with services price growth also slowing last…
