By Joanna Plucinska and Allison Lampert LONDON/MONTREAL (Reuters) – Nikoleta Dodova is among a growing number of dissatisfied airline customers. Having bought her mother and niece airline tickets from Sweden to Macedonia last year, their flight was cancelled and they ended up at an airport over two hours away. She is still waiting for compensation….
By Mike Dolan LONDON (Reuters) – Britain’s interest rate horizon skyrocketed this week on another alarming inflation reading that some fear entrenches the economy as outlier among Western peers – and yet the pound didn’t know whether to laugh or cry. Unlike its dire reaction to UK bond market ructions surrounding last September’s government budget…
By Shankar Ramakrishnan and Nell Mackenzie (Reuters) -A measure of U.S. default risk is flashing red as talks over the government’s debt ceiling drag on, with speculation driven by the lure of a quick profit inflating the value of the derivative, market strategists and investors said. Spreads on U.S. government one-year credit default swaps (CDS)…
By Navya Mittal and Himanshi Akhand (Reuters) -Australia’s Latitude Group on Friday forecast a steep fall in fiscal 2023 earnings due to higher credit losses and provisions associated with a recent cyberattack, sending its shares nearly 10% lower. The company, which provides credit cards and personal loans for some of Australia’s biggest retailers, said in…
By Gertrude Chavez-Dreyfuss, Saeed Azhar and Davide Barbuscia NEW YORK (Reuters) – Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function, with some traders starting to avoid U.S. government debt that comes due in June and others preparing to deal with securities at risk of default. U.S. President Joe…
By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Core consumer inflation in Japan’s capital slowed in May, but a key index stripping away the effect of fuel hit a four-decade high, underscoring broadening price pressure that may keep alive expectations of a withdrawal of ultra-loose monetary policy. The data for Tokyo, which is seen as…
A look at the day ahead in European and global markets from Vidya Ranganathan The week draws to a close with pretty much the same buzz around artificial intelligence and U.S. debt diplomacy that it kicked off with. Stock markets were getting a breather after the excitement over the blowout forecast from chipmaker Nvidia Corp…
ANKARA (Reuters) – The Turkish central bank’s net forex reserves dropped into negative territory for the first time since 2002, standing at $-151.3 million on May 19, official data showed on Thursday, as it sought to counter forex demand ahead of Sunday’s runoff vote. President Tayyip Erdogan led rival Kemal Kilicdaroglu comfortably in the presidential…
By Kantaro Komiya TOKYO (Reuters) – The Bank of Japan (BOJ) will likely maintain its yield curve control (YCC) policy until at least next year, three quarters of economists polled by Reuters said, as expectations for a near-term policy shift by new governor Kazuo Ueda subside. At his first policy meeting in April, Ueda kept…
By Lucinda Elliott and Eliana Raszewski BUENOS AIRES (Reuters) – Argentine Vice President Cristina Fernandez de Kirchner slammed the International Monetary Fund (IMF) on Thursday, saying that the program agreed to with the multinational lender is holding back the country’s economy. Fernandez de Kirchner, speaking at an event commemorating Revolution Day in Buenos Aires’ historic…
