By Jorgelina do Rosario LONDON (Reuters) – Foreign investors funneled over $3 billion into Chinese debt in July in the first net monthly inflows this year for the world’s second-largest economy, data from the Institute of International Finance (IIF) showed on Thursday. Inflows were less than a third of the $10.6 billion poured into Chinese…
FRANKFURT (Reuters) -Members of the German pilots’ union VC have voted by a large majority to back a wage deal with Lufthansa, a spokesperson for the union told Reuters on Thursday. This eliminates the risk of a pilots’ strike for now at the German flag-carrier. After a chaotic summer 2022 due to walkouts over pay,…
By Rachel Savage and Brenda Goh JOHANNESBURG/SHANGHAI (Reuters) – Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS countries needs to increase its local currency fundraising and lending, South Africa’s finance minister told Reuters. South Africa will host leaders of the other BRICS nations…
By Michelle Nichols UNITED NATIONS (Reuters) – The United Nations Security Council will meet publicly to discuss human rights abuses in North Korea next week, a move requested by the United States, Albania and Japan that is likely to anger Pyongyang and face opposition from China and Russia. It will be the first formal public…
By Ann Saphir (Reuters) – Federal Reserve policymakers are unlikely to raise interest rates again in 2023 and will probably start cutting them early next year, traders bet on Thursday, after a U.S. government report showed consumer prices rose only moderately last month. Traders of futures tied to the Fed’s policy rate now see less…
NEW YORK (Reuters) – U.S. consumer prices increased moderately in July amid lower costs for goods, including used motor vehicles, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month. The CPI rose 0.2% last month, matching the gain in June, the Labor Department said on Thursday. Though the increase…
By Mark Miller (Reuters) – Should you keep working as you get older, or retire and claim Social Security when you first become eligible for benefits? Some people do both, and not necessarily by choice. Twenty percent of older workers claim Social Security as soon as they become eligible at age 62 – and while…
By Carolina Pulice MEXICO CITY (Reuters) – The wholesale arm of Carrefour Brasil added 15,000 direct and indirect jobs in the first six months of 2023, the retailer said on Thursday, as it continues to expand in South America’s largest nation. The unit, Atacadao, which operates warehouse stores and distribution centers across Brazil, did not…
By Guy Faulconbridge and Gleb Stolyarov MOSCOW (Reuters) -Russian President Vladimir Putin on Thursday asked the state-owned VTB bank to manage the state’s 100% stake in United Shipbuilding Corporation (USC), Russia’s largest shipbuilder, to solve financial problems at the firm. Putin’s decision effectively transfers control of Russia’s premier shipbuilding assets to Moscow-based VTB, which has…
(Reuters) – The 75th Emmy Awards ceremony has been postponed to Jan. 15, the Television Academy and broadcast network Fox said on Thursday, as Hollywood writers and actors strike over labor disputes with major studios. The Emmys were originally slated to air on Fox on Sept. 18 and nominations for the highest honors in television…
