By Michal Aleksandrowicz (Reuters) -French defence and technology group Thales said on Wednesday it was in exclusive talks to buy aerospace supplier Cobham Aerospace Communications for $1.1 billion, pushing Thales shares up more than 3% as it bets on connected cockpits. The world’s third-largest producer of avionics for civil jetliners said the all-cash acquisition would…
MILAN (Reuters) – European shares, currencies and bonds rallied on Wednesday after U.S. inflation slowed in June, feeding bets the Federal Reserve is nearing the end of a series of steep interest rate rises. The U.S. consumer price index rose 3.0% year-on-year last month, scoring its smallest annual increase in more than two years, while…
SAO PAULO (Reuters) – Financial market participants in Brazil are increasingly optimistic about the country’s economic prospects under leftist President Luiz Inacio Lula da Silva, a poll showed on Wednesday, with the approval rating of his finance minister spiking. The survey by Genial/Quaest showed that 53% of market players now think Brazil’s economy will improve…
By Andrew Gray, Sabine Siebold and John Irish VILNIUS (Reuters) – Ukrainian President Volodymyr Zelenskiy meets NATO leaders on Wednesday after they declared his country’s future lay inside the alliance but rebuffed his call for a timeline to membership. Zelenskiy will join the NATO leaders on the second day of their summit in Vilnius for…
By Aftab Ahmed and Sarita Chaganti Singh NEW DELHI (Reuters) -Surging food prices accelerated India’s annual retail inflation rate in June, snapping four months of easing and erasing any chance of a rate cut by the central bank this year. June retail inflation rose to 4.81%, higher than both the revised 4.31% for the previous…
By Ann Saphir (Reuters) -Inflation is slowing rapidly enough to allow the Federal Reserve to stop tightening U.S. monetary policy after what is still widely expected to be an interest-rate hike at its meeting in two weeks’ time, traders bet on Wednesday. Implied yields on futures tied to the U.S. central bank’s policy rate fell…
NEW YORK (Reuters) – U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside, but probably not fast enough to discourage the Federal Reserve from resuming raising interest rates later this month. The Consumer Price Index gained 0.2% last month after edging…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen’s trip to China has raised hopes in Beijing that Trump-era tariffs on Chinese imports may be eased as she tries to smooth relations between the two nations, but strong anti-China sentiment in the U.S. may make that impossible. Trade and political…
(Reuters) – The number of people uprooted by a conflict between military factions in Sudan that erupted nearly three months ago has surpassed 3 million, according to estimates from the International Organization for Migration. More than 2.4 million people have been displaced internally and more than 730,000 have crossed into neighbouring countries, data published late…
By Sam Tobin and Kirstin Ridley LONDON (Reuters) -Barclays on Wednesday won a UK Supreme Court appeal that turned on the extent of banks’ duties to protect customers from fraudsters, in a closely watched decision lawyers say could stem a flood of litigation. Fiona Philipp, a music teacher and long-time customer, sued the bank in…
