LONDON (Reuters) – Russia’s central bank jacked up its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate move to try and halt the rouble’s recent slide after a public call from the Kremlin for tighter monetary policy. The extraordinary rate meeting came after the rouble plummeted past the 100…
MILAN (Reuters) – Sentiment among global investors improved in August to its least bearish since February 2022 with cash allocations falling to a 21-month low, a Bank of America survey showed on Tuesday. The poll of fund managers with $545 billion of assets found that investors remain of the view that global growth will weaken…
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -A broad array of Chinese data on Tuesday highlighted intensifying pressure on the economy from multiple fronts, prompting Beijing to cut key policy rates to shore up activity but analysts say more support is needed to revitalise growth. Just before the release of a batch of July…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka on Tuesday lifted a ban on imports of trucks and other heavy vehicles for the first time since March 2020, according to a gazette notification. Sri Lanka has been gradually easing import restrictions, which were imposed as the country’s economy tottered from a financial crisis caused by a…
By Ben Makori LONDON (Reuters) – Almost two centuries after Charles Darwin’s voyage around the world, environmentalists plan to follow in his footsteps by undertaking a two-year journey across four continents to study endemic wildlife and boost conservation. The group will set sail on board a 105-year-old schooner on Tuesday from the southern English port…
LONDON (Reuters) – Moody’s Investors’ Service said on Tuesday that estimated insured losses from wildfires on Maui in Hawaii will be at least $1 billion. More than 2,000 structures were damaged or destroyed and more than 2,700 structures exposed, Moody’s said in a report, citing estimates from The Pacific Disaster Center and FEMA. With the…
By James Davey LONDON (Reuters) -British grocery inflation eased for a fifth straight month in August while wet weather dented sales growth, industry data showed on Tuesday. Market researcher Kantar said annual grocery inflation was 12.7% in the four weeks to August 6 versus 14.9% in its July data set. It said the outcome was…
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…
