Blinken, Wang meet again for talks aimed at managing U.S.-China competition
By Gayatri Suroyo, David Brunnstrom and Simon Lewis JAKARTA/WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken held “candid and…
Economy
Explainer-How big oil won the bidding for German offshore wind sites
By Vera Eckert and Susanna Twidale FRANKFURT/LONDON (Reuters) – Energy majors BP and TotalEnergies have won a 7 gigawatt (GW)…
Brazil economic team supports interest rate cut of more than 25bps
By Bernardo Caram and Rodrigo Viga Gaier BRASILIA/RIO DE JANEIRO (Reuters) -Leading members of Brazil’s economic team said on Thursday…
US producer inflation muted; labor market still tight
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices barely rose in June and the annual increase in producer inflation…
Bank of Canada’s record tightening campaign exposes lenders’ mortgage risks
By Nivedita Balu TORONTO (Reuters) – The Bank of Canada’s interest rate hike on Wednesday and prospects of more increases…
Alphabet shares soar after it expands AI chatbot internationally
By Bansari Mayur Kamdar (Reuters) – Shares in Google parent Alphabet Inc were up 4.9% on Thursday after it said…
European shares rise as tech leads gains on Fed rate optimism
By Matteo Allievi and Shreyashi Sanyal (Reuters) -European shares closed higher on Thursday led by technology stocks, as hopes grew…
IMF says China growth slowing after strong Q1 reopening
WASHINGTON (Reuters) -China’s economy is slowing due to weaker private investment, slowing exports and reduced domestic demand after a strong…
Back-to-school sales to hit new record as shoppers keep up with essential buys – NRF
(Reuters) – U.S. shoppers plan to spend a record $41.5 billion during the upcoming school year, a trade group forecast…
US Fed’s Daly says rate hikes essential to bring down prices
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday reiterated that rate hikes will be essential to…