ECB may need to keep raising rates beyond summer, Nagel says
FRANKFURT (Reuters) – The European Central Bank still needs several more interest rate hikes to rein in inflation and it…
Economy
ECB’s Lagarde sees no peak in core inflation despite ‘moderation’
FRANKFURT (Reuters) – European Central Bank President Christine Lagarde on Monday acknowledged “signs of moderation” in core inflation in the…
Canada home prices set to recover as demand stays strong: Reuters poll
By Milounee Purohit BENGALURU (Reuters) – Average home prices in Canada are set to fall around 9% this year and…
Global airlines more than double 2023 profit outlook
By Joanna Plucinska, Aditi Shah and Tim Hepher ISTANBUL (Reuters) – Global airlines on Monday more than doubled their forecast…
US, India agree roadmap for defence industry cooperation
By YP Rajesh NEW DELHI (Reuters) -India and the United States have concluded a roadmap for defence industry cooperation for…
Exclusive-EU Commission says Mercosur trade deal a priority as it seeks new allies
By Belén Carreño and Philip Blenkinsop MADRID/Brussels (Reuters) -The European Commission has said it is a priority to conclude a…
Qatar records budget surplus of $5.4 billion in Q1 – state news agency
DUBAI (Reuters) -Qatar recorded a budget surplus of 19.7 billion Qatari riyals ($5.4 billion) in the first quarter of 2023,…
Debt ceiling deal ignores US debt time bomb
By David Lawder and Andy Sullivan WASHINGTON (Reuters) – Republicans and Democrats are touting a hastily-written debt ceiling deal that…
US equity funds draw first weekly inflow in 10 weeks
(Reuters) – U.S. equity funds received their first weekly inflow in ten weeks in the week to May 31 on…
Morgan Stanley sees slump in US earnings in 2023, sharp rebound next year
(Reuters) – Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a…