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…
Economy
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…
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…
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…
Private equity firm Apollo makes $1.33 billion bid for Spain’s Applus
MADRID (Reuters) -U.S. buyout firm Apollo made a cash bid for Applus Services on Friday which values the Spanish industrial…
Cautious optimism drives inflows to U.S. equity funds amid positive growth outlook
(Reuters) – U.S. equity funds attracted inflows during the week ending June 28, buoyed by positive growth expectations as robust…
Ukraine to receive $1.5 billion from World Bank to support reconstruction
KYIV (Reuters) -Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal…
Sodexo raises outlook for voucher business a second time
By Diana Mandia (Reuters) -French catering and food services group Sodexo on Friday raised the full-year outlook of its voucher…
China raises relending, rediscounting quotas for farm sector, small firms by $27.5 billion
BEIJING (Reuters) – China’s central bank said on Friday it will increase its relending and rediscount quotas by 200 billion…