By Andy Bruce LONDON (Reuters) -British wage growth soared and employment also jumped in the three months to April, raising expectations that the Bank of England will raise interest rates again, perhaps several times, to contain unrelenting inflationary pressures. Data from the Office for National Statistics (ONS) on Tuesday indicated the labour market was running…
By Howard Schneider WASHINGTON (Reuters) -Hotel executives see no letup in demand even with the Federal Reserve trying to stomp on spending. Air travel is hovering near or above 2019 levels, restaurant attendance is holding up, and based on the most recent Fed household data U.S. consumers likely still have a few hundred billion dollars…
TUNIS (Reuters) – Tunisia is preparing an alternative proposal to put to the International Monetary Fund (IMF) after President Kais Saied rejected the terms of a $1.9 billion loan agreement negotiated last year, a senior government official said. Talks on the bailout have been stalled since October when Tunisia and the IMF reached a preliminary…
(Reuters) -Federal Reserve policymakers are seen as far more likely to skip raising interest rates this week after government data Tuesday showed consumer price gains, while still too hot for comfort, slowed last month a bit more than expected. Traders of futures tied to the Fed’s policy rate now see about a 95% chance the…
By Tetsushi Kajimoto and Sakura Murakami TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida unveiled on Tuesday a package of wide-ranging measures to reverse a dwindling birthrate, saying the problem needed to be tackled as an ageing population threatens the world’s third-largest economy. Kishida’s flagship policy comes amid speculation that he will dissolve parliament’s lower house…
WASHINGTON (Reuters) – U.S. President Joe Biden hailed Tuesday’s inflation data as “good news for hard working families” and said there was more work to do to bring down the cost of living in the country, according to a statement released by the White House. U.S. consumer prices barely rose in May and the annual…
NEW YORK (Reuters) – Wells Fargo & Co expects an upside in net interest income going ahead, Chief Financial Officer Mike Santomassimo said on Tuesday. The bank had earlier issued guidance for a 10% higher net interest income this year, more than the full-year 2022 level of $45 billion. Santomassimo, who was speaking at a…
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul on Tuesday launched exchange offers aimed at pushing forward bonds originally set to mature in 2024 and 2026, the latest move in a broader restructuring plan it expects to remove an overhang on its stock. The exchange offers total $1 billion and follow a deal…
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management (OAM) is closing one fund and restricting money clients can pull from another, two investor letters showed, just as the hedge fund was scrambling on Tuesday to keep its prime brokers from ending vital relationships with the firm. These developments follow allegations of sexual misconduct by its…
NEW YORK (Reuters) – U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in more than two years, though underlying price pressures remained strong, supporting views that the Federal Reserve would keep interest rates unchanged on Wednesday while adopting a hawkish posture. The Consumer Price Index (CPI) increased 0.1%…
