By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares briefly hit their lowest level in nearly three months on Thursday, with London stocks falling after a bigger-than-expected rate hike by the Bank of England (BoE) . The pan-European STOXX 600 index closed 0.5% lower, after falling as much as 1.3% earlier in the day,…
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday he had discussed the war between Russia and Ukraine and an upcoming BRICS summit with his South African counterpart Cyril Ramaphosa as they met in Paris. Ramaphosa recently led a delegation of African leaders to Russia and Kyiv seeking to share…
By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM (Reuters) – Poland’s third-largest city Wroclaw beat rivals last week to be home to the next multi-billion dollar Intel chip factory in Europe, with a two-year campaign promising subsidies, infrastructure, talent and a slice of American life. In the face of an unprecedented semiconductor shortage, Europe is…
(Corrects acronym of project to ‘ELMED’ in paragraph 3) TUNIS (Reuters) – The World Bank Group has lent Tunisia $268.4 million to finance an electrical interconnection project with Italy that will link energy networks between Tunisia and Europe, TAP state news agency said on Thursday. The agreement ends a temporary pause in the bank’s work…
By Victoria Waldersee BERLIN (Reuters) – While investors welcomed Volkswagen’s decision to audit its jointly-owned plant in Xinjiang, China, some are questioning how it will be run and whether it is enough to eliminate the risk of forced labour in the supply chain. Deka, Union Investment and the Dachverband Kritische Aktionaere (Umbrella Organisation for Critical…
By John McCrank NEW YORK (Reuters) – Nasdaq’s eye-popping $10.5 billion bet on the little known financial software company Adenza will help the exchange operator vastly expand the market for its products, from risk management and regulatory software to anti-financial crime technology. Nasdaq said on June 12 it would buy Adenza from private equity firm…
(Reuters) -Accenture fanned concerns about dwindling IT spending on Thursday with a quarterly revenue forecast that was below Wall Street estimates, sending its shares down more than 5%. CEO Julie Sweet said clients were “holding back on small deals” in the face of an uncertain economic outlook, mirroring remarks from Cognizant Technology Solutions last month….
(Reuters) – U.S. existing home sales ticked higher in May to snap a two-month skid with condominium sales accounting for the modest gain, and selling prices nationally fell from a year earlier by the most in more than a decade, showing the uneven nature of the sector’s recovery from last year’s downdraft. Existing home sales…
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve Gov. Michelle Bowman said Thursday that “additional policy rate increases” will be needed to control inflation she feels has essentially flatlined at a high level since late last year. The U.S. central bank “has made progress in lowering inflation, but despite the significant tightening of monetary…
(Reuters) -Mexico’s annual inflation hit its lowest in more than two years ahead of a monetary policy decision on Thursday that is expected to leave interest rates at a cycle high as the consumer price index remains above target. In Latin America’s second largest economy, 12-month headline inflation reached 5.18% in the first half of…
