Analysis: Why is China not rushing to fix its ailing economy?
By Laurie Chen and Yew Lun Tian BEIJING (Reuters) – With China at risk of tipping into prolonged stagnation and…
2023
Rouble strengthens as market anticipates possible capital controls
By Alexander Marrow and Elena Fabrichnaya (Reuters) – The Russian rouble strengthened to 93 against the dollar on Thursday, in…
Euro zone swings into trade surplus in June as Russia imports plummet
BRUSSELS (Reuters) – The euro zone swung back into a large trade surplus in June from a similar size deficit…
Stellantis invests more than $100 million in California lithium project
By Ernest Scheyder (Reuters) – Automaker Stellantis said it would invest more than $100 million in California’s Controlled Thermal Resources,…
Marketmind: Accelerating US economy sideswipes markets
A look at the day ahead in U.S. and global markets from Mike Dolan Far from the recession forecasts of…
Norway central bank raises rate to 4.0%, eyes September hike
By Gwladys Fouche and Terje Solsvik ARENDAL, Norway (Reuters) -Norway’s central bank raised its benchmark interest rate by 25 basis…
South Korea’s Yoon heads to US for summit with Biden, Kishida
By Soo-hyang Choi SEOUL (Reuters) – South Korean President Yoon Suk Yeol departed for the United States on Thursday for…
Analysis-Israel-Hezbollah tensions elevate risks of conflict
By James Mackenzie, Dan Williams, Maya Gebeily and Laila Bassam JERUSALEM/BEIRUT (Reuters) – An escalating war of words between Israel…
Exclusive-China’s state banks seen selling dollars for yuan in London and New York hours
SHANGHAI (Reuters) -China’s major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore…
With a Gallic shrug, Fed bids adieu to the recession that wasn’t
By Howard Schneider, Indradip Ghosh WASHINGTON (Reuters) -Blame it on economic theory not matching reality, groupthink among forecasters, or political…