By Lucy Craymer WELLINGTON (Reuters) – The New Zealand central bank’s aggressive hiking of the cash rate likely pushed the country into a technical recession in the first quarter, a Reuters poll found, giving traction to the idea the cash rate may have peaked. Gross domestic product (GDP) is expected to be down 0.1% in…
By Abhirup Roy (Reuters) -Electric vehicle charging companies are cautiously embracing Tesla’s charging technology as the main U.S. standard, mere days after Ford and GM said they were adopting it, but questions remained about how any interoperability would work. The rare agreements between Tesla Inc and each of the two U.S. automakers, who among them…
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent Markets face a question heading into Tuesday’s action — will the U.S. inflation report spoil the mood? Asian investors are waking up to another upbeat session in global stock markets. Wall Street’s major averages continued…
By Sinéad Carew and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – Global stocks gained ground, hitting their highest level in more than a year on Monday, while U.S. Treasury yields and the dollar were virtually unchanged ahead of key U.S. inflation readings and interest rate decisions later this week from the U.S. Federal Reserve and other…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar inched higher on Monday, trading in a narrow range as investors remained cautious ahead of several key policy decisions due this week, with the Federal Reserve expected to keep rates on hold for the first time since January 2022. Monetary policy meetings at the Fed, the…
By Renju Jose SYDNEY (Reuters) -A man was charged with dangerous driving on Monday after at least 10 wedding guests were killed when the bus they were travelling in crashed at a roundabout in Australia’s worst bus accident in almost 30 years, police said. Twenty-five people were injured in the accident around 11:30 p.m. (1330…
(Reuters) – Australian lender Westpac Banking Corp will cut around 300 jobs in its consumer and business banking segments at a time of strong profit growth amid rising interest rates and soaring inflation, a local trade body said. The Finance Sector Union of Australia (FSU) said on Friday the country’s third-largest bank would reduce headcount…
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf. Asian markets will turn their attention to a series of central bank meetings after ending last week on a buoyant note. MSCI’s gauge of world stock markets on Friday hit its highest point in 13 months. Wall Street…
By Elvira Pollina and Akriti Sharma MILAN (Reuters) -U.S. fund KKR strengthened its lead in the race to secure the landline grid of Telecom Italia (TIM) when it offered to raise its bid by up to or over 2 billion euros ($2.2 billion), two people with knowledge of the matter said. The value of KKR’s…
By Naomi Rovnick and Koh Gui Qing NEW YORK/LONDON (Reuters) -U.S. shares struck new highs for the year on Friday and helped lift world stocks to a 13-month peak, as rising bets that the Federal Reserve will skip a rate hike next week overshadowed worries about U.S. markets being drained of cash. Helped by a…
