By William Schomberg and Andy Bruce LONDON (Reuters) -Basic wages in Britain hit a new record growth rate, figures showed on Tuesday, adding to worries for the Bank of England (BoE) about long-term inflation pressures even after 14 back-to-back increases in interest rates. Official data showed some fresh signs of cooling in the jobs market…
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Tuesday that authorities are not targeting absolute currency levels when it comes to intervening in the market. Suzuki made the remark at a news conference when asked about the government’s stance on intervention, as the dollar broke above the 145 yen threshold, a…
By Rupam Jain NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi said on Tuesday peace was returning to the strife-torn northeastern state of Manipur where at least 180 people have been killed and tens of thousands forced from their homes in sectarian clashes since May. The federal government has deployed security forces to the hilly…
By Laurie Chen and Albee Zhang (Reuters) -China suspended publication of its youth jobless data on Tuesday, saying it needed to review the methodology behind the closely watched benchmark, which has hit record highs in one of many warning signs for the world’s second-largest economy. The decision announced shortly after the release of weaker-than-expected factory…
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make more than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday. An amended indictment accused the 31-year-old former billionaire of directing two FTX executives to evade…
By Andy Sullivan, Joseph Ax and Sarah N. Lynch (Reuters) – Former U.S. President Donald Trump was hit with a sweeping fourth set of criminal charges on Monday when a Georgia grand jury issued an indictment accusing him of efforts to overturn his 2020 election loss to Democrat Joe Biden. The charges, brought by Fulton…
By Jorge Garcia and Mike Blake KAHULUI, Hawaii (Reuters) – Search teams with cadaver dogs have combed through 25% of the Lahaina disaster zone from the Maui wildfires, discovering the remains of a 99th victim on Monday, but perhaps hundreds more people were unaccounted for nearly a week after the disaster. Fueled by winds gusting…
By Tetsushi Kajimoto and Kantaro Komiya TOKYO (Reuters) -Japan’s economy grew much faster than expected in April-June, as brisk auto exports and tourist arrivals helped offset the drag from a slowing post-COVID consumer recovery, although global recession prospects cloud the outlook. The 6.0% annualised growth in Japan’s economy translated into a quarterly gain of 1.5%,…
A look at the day ahead in European and global markets from Ankur Banerjee A star-studded line up of economic events in Asia on Tuesday has kept investors busy, and jittery, with markets weighed down by yet another set of weak economic data from China, a day after contagion fears in the property sector also…
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s trade surplus shrank more than expected in July to $1.31 billion, as imports contracted less than predicted, data from the statistics bureau showed on Tuesday. A Reuters poll of economists had expected a July surplus of $2.53 billion. Trade surplus in the previous month was…
