Bank of England may need to keep rates higher for longer, IMF says
By David Milliken LONDON (Reuters) -The Bank of England may have to keep interest rates high for an extended period…
Business
Foxconn targets India’s chip scheme after pulling plug on $19.5 billion JV
By Yimou Lee, Ben Blanchard and Dhwani Pandya TAIPEI/MUMBAI (Reuters) – Foxconn said it intends to apply for incentives under…
Applied Materials aims to boost chip factory productivity with new tech
By Stephen Nellis SAN FRANCISCO (Reuters) – Applied Materials on Tuesday released its first major update to some of its…
Global energy demand to rise 23% by 2045, OPEC says
By Elisha Bala-Gbogbo ABUJA (Reuters) -Global demand for all forms of energy is forecast to rise by 23% through 2045,…
OECD sees scope for profits to absorb wage hikes
PARIS (Reuters) – Companies in most countries have enough profit to be able to absorb an increase in wages needed…
World’s biggest gallium buyer says clients stockpiling
By Ludwig Burger FRANKFURT (Reuters) – China’s planned export controls on gallium have caused frantic stockpiling of speciality semiconductor wafers…
Marketmind: Bond yields recoil on disinflation buzz
A look at the day ahead in U.S. and global markets from Mike Dolan A volte face in Treasury yields…
UK wage growth matches record high but job market shows signs of cooling
By William Schomberg LONDON (Reuters) -A key measure of British wages rose at the joint fastest pace on record but…
Geely, Renault strike deal to develop gasoline engines, hybrid technology
(Reuters) -China’s Geely Automobile Holdings and French car maker Renault SA on Tuesday said they will invest up to 7…
UK mortgage rates surge to 15-year high after surpassing ‘mini-budget’ peak
By Suban Abdulla LONDON (Reuters) -A key British mortgage rate hit a 15-year high on Tuesday when it rose above…