US dollar share of global reserves edges up in Q1, euro’s share dips – IMF
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund…
Business
Euro zone inflation falls again in June as energy prices tumble
FRANKFURT (Reuters) – Inflation in the euro zone extended its decline in June as the cost of fuel tumbled, more…
Fashion industry driving demand for green shipping, Maersk says
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Fashion brands are a key driver of demand for green shipping fuels, according to…
Instant View: US consumer spending edges up in May; inflation still high
(Reuters) – U.S. consumer spending slowed sharply in May, but persistently strong underlying inflation pressures could compel the Federal Reserve…
Fed’s path to more tightening a little less sure after inflation data
(Reuters) – The Federal Reserve is seen slightly less locked in to a July interest rate hike, traders bet on…
Joby receives FAA nod to begin flight testing of electric air taxi
(This June 28 story has been corrected to add that Archer received certification to conduct flight testing of its demonstrator…
Dutch curb chip equipment exports, drawing Chinese ire
By Toby Sterling AMSTERDAM (Reuters) -The Dutch government on Friday announced new restrictions on exports of some semiconductor equipment, boosting…
Constellation Brands results top estimates on strong Modelo Especial sales
(Reuters) – Constellation Brands first-quarter results topped Wall Street expectations on Friday, as the Corona beer maker benefited from higher…
Sticky inflation complicating ECB rate path – Makhlouf
DUBLIN (Reuters) – Euro zone inflation is proving “stickier”, meaning the decision on when to stop raising interest rates is…
Russia’s rouble tumbles past 89 vs dollar to over 15-month low
By Alexander Marrow (Reuters) -The Russian rouble tumbled past 89 against the dollar for the first time in more than…