By Naomi Rovnick and Stella Qiu LONDON, SYDNEY (Reuters) -Global shares fell from 14-month highs hit last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks softened by 0.3%, with Wall Street markets closed for the…
By Philip Pullella VATICAN CITY (Reuters) – U.S. climate envoy John Kerry said on Monday that the United States and China – the world’s two biggest greenhouse gas emitters – must create a partnership to tackle climate change without allowing their differences on other issues get in the way. Kerry spoke to Reuters in front…
FRANKFURT (Reuters) -The European Central Bank should err on the side of further interest rate hikes as inflation could come in even higher than it expects, two ECB policymakers said on Monday, even as the bank’s chief economist opened the door to a pause. The ECB has raised rates by a combined four percentage points…
(Reuters) – Drugmaker AstraZeneca is drafting a plan to spin off its China business, and listing a separate unit in Hong Kong is being viewed as an option, the Financial Times reported on Sunday. A separation might not ultimately take place, the report said, citing people familiar with the matter, with one of them saying…
By Ahmed Eljechtimi RABAT (Reuters) – The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday. “CBDCs should not be fragmented national propositions… To have more efficient and fairer transactions we need systems that connect countries:…
MADRID (Reuters) – The European Central Bank is likely to raise interest rates again next month but it is too early to predict the decision of the September meeting, which will be shaped by incoming data, the ECB’s chief economist Philip Lane said on Monday. The ECB raised euro zone borrowing costs to their highest…
PARIS (Reuters) – GE Chairman and GE Aerospace CEO Larry Culp said on Monday all options were on the table, when asked whether the company would be interested in investing in a new engine for a potential larger version of the Airbus A220 jet. “I don’t think we would rule anything in or rule anything…
By Allison Lampert, Joanna Plucinska and Maiya Keidan PARIS/TORONTO (Reuters) -A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the Paris Airshow it is on track to ferry customers around the sporting showcase and take off globally. The world’s largest air show tends to focus on military…
By Uditha Jayasinghe COLOMBO (Reuters) – The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March. The economy of the country of 22 million is…
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Sales on JD.com’s e-commerce site during China’s mid-year shopping festival – the first major shopping event since the country’s reopening – grew more than expected, according to brokerages’ estimates based on data they have received. The Chinese e-commerce giant saw sales rise 6-8% over the 618 festival…
