A look at the day ahead in European and global markets from Tom Westbrook British inflation figures this morning could take traders’ minds off England’s cricket defeat, should they show the slowdown that economists are hoping for. Reuters’ poll shows expectations that headline month-on-month CPI eases to 0.5% in May from 1.2% a month earlier,…
By Chris Taylor NEW YORK (Reuters) – You might assume that with U.S. interest rates at new highs, Americans are getting terrific returns on savings. You assume wrong. In fact, while the Federal Reserve raised the Fed funds target rate to 5-5.25%, the average yield for savings accounts is still a miniscule 0.25%, according to…
By Joe Cash BEIJING (Reuters) – A slowdown in both the Chinese and global economies is the biggest issue affecting European firms in China, beating political tensions with the United States and decoupling, according to the European Chamber of Commerce in China. The number of European firms that see China as a top-three destination for…
By Leika Kihara (Reuters) -Bank of Japan (BOJ) policymakers agreed to keep ultra-low interest rates at Governor Kazuo Ueda’s debut meeting but some saw the need to avoid being too late in raising interest rates, minutes of the April rate review showed on Wednesday. While Japan was making progress toward achieving the BOJ’s 2% inflation…
By Hussein Waaile, YP Rajesh and Tanvi Mehta NEW YORK/NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi arrived in the United States on Tuesday for a state visit that has been projected as a milestone in ties between the two countries that would deepen and diversify their partnership. Modi has been to the U.S. five times…
NEW YORK (Reuters) – New York-based hedge fund Two Sigma Investments said in a regulatory filing that a rift between its top managers poses governance challenges and a material risk for the firm. Two Sigma, which ended December with roughly $70 billion in assets, said its management committee has been unable to agree on topics…
By Brendan Pierson (Reuters) – A Christian-owned wellness center is exempt from the federal law prohibiting employers from discriminating on the basis of sexual orientation and gender identity, a federal appeals court ruled Tuesday. The unanimous three-judge panel of the New Orleans-based 5th U.S. Circuit Court of Appeals found that Braidwood Management, which runs an…
LONDON (Reuters) – Pay awards by British employers remained the highest in more than 30 years in the three months to May, keeping pressure on the Bank of England which looks set to raise interest rates again on Thursday in a bid to tame high inflation. Human resources data firm XpertHR said the median basic…
By Tetsushi Kajimoto TOKYO (Reuters) – Business morale at big Japanese manufacturers edged up in June, staying in positive territory for a second straight month and reflecting a post-COVID economic recovery though uncertainty remains high amid slowing global growth, a Reuters poll showed. Underlining the prospects for a service sector-led recovery, the non-manufacturers’ index hovered…
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Pressure is mounting on China’s cash-strapped local governments as authorities move to shut a private funding route for their financing arms, according to planned new rules and people familiar with their aims, raising credit risks and default worries. Beijing has been tightening rules on local government…
