Surprise UK wage jump raises likelihood of higher interest rates
By Andy Bruce LONDON (Reuters) -British wage growth soared and employment also jumped in the three months to April, raising…
Economy
Fed still waiting on a core services price crash
By Howard Schneider WASHINGTON (Reuters) -Hotel executives see no letup in demand even with the Federal Reserve trying to stomp…
Tunisia preparing alternative IMF proposal, official says
TUNIS (Reuters) – Tunisia is preparing an alternative proposal to put to the International Monetary Fund (IMF) after President Kais…
Fed seen holding rates steady this week after inflation data
(Reuters) -Federal Reserve policymakers are seen as far more likely to skip raising interest rates this week after government data…
Japan’s Kishida unveils new child care plan amid election rumours
By Tetsushi Kajimoto and Sakura Murakami TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida unveiled on Tuesday a package of wide-ranging…
Biden: Inflation data ‘good news’ for US families, more work to do
WASHINGTON (Reuters) – U.S. President Joe Biden hailed Tuesday’s inflation data as “good news for hard working families” and said…
Wells Fargo CFO expects upside in net interest income
NEW YORK (Reuters) – Wells Fargo & Co expects an upside in net interest income going ahead, Chief Financial Officer…
Brazil’s Azul launches exchange offer as part of restructuring plan
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul on Tuesday launched exchange offers aimed at pushing forward bonds…
Odey Asset Management freezes funds as clients pull money, prime brokers flee
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management (OAM) is closing one fund and restricting money clients can pull from…
Cool US May CPI rise supports Fed pause argument
NEW YORK (Reuters) – U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in…