By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will keep its key interest rate unchanged at 3.85% on Tuesday despite inflation well above the target range, according to a Reuters poll of economists who were divided on when and where rates would peak this year. The Reserve Bank of Australia (RBA) raised rates last…
By Rocky Swift TOKYO (Reuters) – Japanese stocks rose on Friday, with the benchmark Nikkei index closing at a three-decade high, after U.S. lawmakers voted to raise the debt limit and on signs central bankers are in no hurry to tighten the monetary policy. SoftBank Group Corp rose 4.3% amid speculation its chip unit will…
By Joanna Plucinska and Angelo Amante LONDON/ROME (Reuters) – Lufthansa’s purchase of a minority stake in Italy’s loss-making ITA Airways injects fresh momentum into a wave of consolidation in Europe’s fragmented aviation market that could see more mid-tier national carriers snapped up. The German group will be judged on whether it can make the successor…
By CarloGiovanni Boffa and Chiara Elisei (Reuters) – Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have changed: they may not get paid. Banks typically sold these perpetual bonds – known as AT1 bonds – with five years before an option to…
By Tommy Wilkes LONDON (Reuters) -The success of Republicans in triggering the break-up of a coalition of insurance firms aimed at tackling climate change is down to U.S. states being the industry’s primary regulator, interviews with industry executives and former officials show. The U.N.-backed Net-Zero Insurance Alliance (NZIA), formed in 2019 to get insurers to…
By Yoruk Bahceli (Reuters) -Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate hikes are nearing an end. Borrowing costs, or bond yields, in the benchmark euro area issuer are down at least 20 basis points (bps) this…
A look at the day ahead in European and global markets from Ankur Banerjee A risk-on rally fuelled by rising expectations the Federal Reserve will stand still on interest rates in two weeks, and by relief that the congress approved a U.S. debt-limit suspension, took hold in Asia and looked set to continue as Europe…
By Jonathan Landay and Arshad Mohammed WASHINGTON (Reuters) -The United States said it will stop providing Russia some notifications required under the New START arms control treaty from Thursday, including updates on its missile and launcher locations, to retaliate for Moscow’s “ongoing violations” of the accord. In a fact sheet on its website, the State…
By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said the central bank did not have a set time frame for achieving its 2% inflation target due to uncertainty over the price outlook. Ueda’s approach contrasts with that of his predecessor Haruhiko Kuroda, who deployed in 2013 a massive asset-buying programme to…
By Stella Qiu SYDNEY (Reuters) -Australia will raise the minimum wage by 5.75% from July 1 as families grapple with soaring living costs, a decision that businesses and some economists say risks further stoking inflation and interest rates. The independent Fair Work Commission (FWC) on Friday decided on a 5.75% pay rise for workers on…
