By Leika Kihara and Tetsushi Kajimoto (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda said on Tuesday there was still some distance to sustainably and stably achieving the central bank’s 2% inflation target, signalling his resolve to maintain ultra-loose monetary policy for the time being. “We have patiently continued our ultra-loose monetary policy under yield…
By Mike Stone WASHINGTON (Reuters) – The United States will announce a new pledge to buy $1.3 billion worth of military aid for Kyiv in its conflict with Russia in the coming days, two U.S. officials said. The previously unreported weapons package includes air defenses, counter-drone systems, exploding drones and ammunition, one of the U.S….
By Jennifer Rigby and Kate Turton LONDON (Reuters) – The world is baking under extreme heat – with Asia, Europe and the United States all dealing with scorching temperatures. WHAT ARE THE HEALTH RISKS? Heat affects health in several ways. Heat exhaustion, which can include dizziness, headaches, shaking and thirst, can affect anyone, and is…
By Chiara Elisei and Dhara Ranasinghe LONDON (Reuters) – The spectre of rising corporate debt defaults exacerbating a global economic slowdown has for months been largely brushed aside by resilient credit markets. Now, long-feared corporate debt woes are starting to hit home, while more companies are being downgraded to a junk credit rating – facing…
WASHINGTON (Reuters) – Production at U.S. factories unexpectedly fell in June, but rebounded in the second quarter as motor vehicle output accelerated after two straight quarterly declines. Manufacturing output dropped 0.3% last month, the Federal Reserve said on Tuesday. Data for May was revised down to show production at factories falling 0.2% instead of edging…
By Safiyah Riddle (Reuters) – U.S. home builder sentiment hit a 13-month high in July as limited housing stock continued to drive demand for new houses, according to a survey on Tuesday, but the report also hinted at increasing challenges from tightening credit conditions in the months to come. The National Association of Home Builders/Wells…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Blackstone Group LP is to invest $150 million in London-based Astaris Capital Management which will be split between the firm’s existing hedge fund and a new pool of capital with a drawdown structure, two sources said. Astaris specializes in event-driven credit and equity investments in Europe and was…
(Reuters) – Chipotle Mexican Grill will enter the Middle East next year through its first franchise deal that will see the American chain open restaurants that sell burritos and tacos in Dubai and Kuwait. The company on Tuesday signed a partnership agreement with Kuwait-based firm Alshaya Group and said it would expand operations across the…
WASHINGTON (Reuters) – A U.S. soldier has crossed the inter-Korean border into North Korea, two U.S. officials told Reuters on Tuesday, speaking on condition of anonymity. One of the officials said the soldier was believed to be in North Korean custody. The officials did not immediately offer further information. The United Nations Command that oversees…
(Reuters) – Canada’s annual inflation rate slowed to 2.8% in June on lower prices for gasoline as a result of the base-year effect, while food and mortgage interest costs remain high, Statistics Canada said on Tuesday. This beat analysts’ expectations for annual inflation to fall to 3.0%, down from 3.4% in May. STORIES: Market reaction:…
