By Ann Saphir SAN FRANCISCO (Reuters) – Two more U.S. interest-rate hikes this year is a “very reasonable” projection, San Francisco Federal Reserve Bank President Mary Daly said, but given how fast rates have risen already and how close they are to where they probably need to be, it’s better to move more slowly and…
(Reuters) – New vehicle sales in the United States are seen to rise in June, according to a joint forecast from J.D. Power and GlobalData, as automakers are able to push more stock to dealers to meet the growing demand for personal mobility and new models. Total new-vehicle sales, including retail and non-retail transactions, in…
KYIV (Reuters) – The European Bank for Reconstruction and Development will provide a 50-million-euro ($54 million) loan to one of Ukraine’s biggest banks, state-owned Ukreximbank, under an agreement signed on Friday. Matteo Patrone, EBRD’s Managing Director for Eastern Europe and the Caucasus, said in a statement that the funding would help keep finance flowing to…
By John Irish and Leigh Thomas PARIS (Reuters) -Multilateral development banks like the World Bank are expected to find $200 billion in extra firepower for low-income economies by taking on more risk, a move that may require wealthy nations to inject more cash, world leaders said on Friday. The leaders, gathered at a summit in…
(Reuters) – U.S. equity funds recorded their biggest outflows in 12 weeks for seven days ended June 21 as the Federal Reserve’s hawkish stance sparked worries of more rate hikes this year. Investors offloaded U.S. equity funds worth a net $16.47 billion in their biggest weekly net selling since March 29. They had bought into…
ISTANBUL (Reuters) -Turkey’s lira weakened as much as 3.3% to a record low on Friday, extending losses a day after the central bank’s large rate hike failed to assure markets that President Tayyip Erdogan was abandoning his long-held unorthodox policies. The lira touched a record low of 25.74 against the dollar at 1006 GMT, down…
FRANKFURT (Reuters) – Deutsche Bank’s reported plans for possible job cuts at its German retail operations were roundly criticised by a union on Friday, foreshadowing tough labour negotiations ahead. Germany’s largest bank is drawing up plans to cut 10% of its 17,000 domestic retail jobs over the next few years as part of cost saving…
MADRID (Reuters) – Shop assistants at Swedish fashion retailer H&M in Spain extended a three-day strike planned in late June to demand pay raises into two more days in early July, unions said on Friday. The strikes, called by the CCOO and UGT trade unions, were scheduled for June 20, 22 and 26 and workers…
By Arriana McLymore and Katherine Masters NEW YORK (Reuters) -Amazon.com Inc isn’t the only U.S. retailer accused of using deceptive tactics to sell memberships to shoppers. From big-box chains Walmart and Best Buy to specialty retailers like Savage X Fenty and Adore Me, retailers’ subscription programs are facing growing scrutiny. Many collect monthly fees from…
By Stefano Rebaudo (Reuters) -Greece is heading into an election weekend with its public debt trading near the levels enjoyed by first-class peripheral countries, a decade after a debt crisis forced a dramatic reshaping of its borrowing. The premium investors demand to hold Greek debt instead of that of top-ranked peripheral countries such as Spain…
