By Lucy Craymer WELLINGTON (Reuters) – A 48-year-old homeless man appeared in New Zealand court on Friday on two charges of arson as police found a fifth body in the burnt out remains of a hostel in the capital Wellington. A blaze broke out on the top floor of the Loafers Lodge in the suburb of Newtown…
By David Randall NEW YORK (Reuters) – A potential deal to lift the U.S. debt ceiling could spur money managers to pare holdings in the massive technology and growth stocks that have been havens this year and shift into the rest of the market, some investors believe. Strong balance sheets and predictable cash flows have…
By Joice Alves LONDON (Reuters) – Big European companies have delivered significantly stronger than expected first-quarter results, defying a challenging economic backdrop that includes surging inflation and rising interest rates. But European stocks are down from a 14-month high in April, as investors worry about the health of the global economy, falling customer demand and…
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad on Thursday suggested that the country’s new government is looking at adjusting the timeline for achieving its inflation target. He said in an interview with CNN that he thinks it makes no sense to commit to achieving an inflation target by the end of each year, adding:…
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad on Thursday suggested that the country’s new government is looking at adjusting the timeline for achieving its inflation target. He said in an interview with CNN that he thinks it makes no sense to commit to achieving an inflation target by the end of each year, adding:…
By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan’s core consumer inflation stayed well above the central bank’s 2% target in April and a key index stripping away the effects of fuel hit a fresh four-decade high, keeping alive expectations of a tweak to its massive stimulus this year. The reading comes a few days…
A look at the day ahead in European and global markets from Vidya Ranganathan Several key central bankers, including Fed Chair Jerome Powell, appear at a variety of events today, ensuring investors have plenty of commentary, and nearly similar synopses. The Bank of England’s Jonathan Haskel is up first. The messaging from the BOE after…
By Jeff Mason HIROSHIMA, Japan (Reuters) -Democratic negotiators told President Joe Biden on Friday that they are making “steady progress” in talks with Republicans aimed at avoiding a U.S. default, according to a White House official. Biden received an update on the talks with aides to Republican House of Representatives Speaker Kevin McCarthy on Friday…
MEXICO CITY (Reuters) – Mexico’s president said on Thursday that construction and operation of a tourist train project that could cost up to $20 billion is a matter of national security, offering new legal protections for the high-profile public work. In a decree published in Mexico’s official gazette, President Andres Manuel Lopez Obrador invoked government…
By Laura Sanicola (Reuters) – Oil prices fell slightly in early Asian trade on Friday as optimism that a U.S. debt default will be avoided weighed against sticky inflation data that could portend more interest rate hikes from global central banks. Brent futures were down 2 cents at $75.84 a barrel as at 0015 GMT….
