By Aftab Ahmed and Sarita Chaganti Singh NEW DELHI (Reuters) -Surging food prices accelerated India’s annual retail inflation rate in June, snapping four months of easing and erasing any chance of a rate cut by the central bank this year. June retail inflation rose to 4.81%, higher than both the revised 4.31% for the previous…
By Ann Saphir (Reuters) -Inflation is slowing rapidly enough to allow the Federal Reserve to stop tightening U.S. monetary policy after what is still widely expected to be an interest-rate hike at its meeting in two weeks’ time, traders bet on Wednesday. Implied yields on futures tied to the U.S. central bank’s policy rate fell…
NEW YORK (Reuters) – U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside, but probably not fast enough to discourage the Federal Reserve from resuming raising interest rates later this month. The Consumer Price Index gained 0.2% last month after edging…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen’s trip to China has raised hopes in Beijing that Trump-era tariffs on Chinese imports may be eased as she tries to smooth relations between the two nations, but strong anti-China sentiment in the U.S. may make that impossible. Trade and political…
By Sam Tobin and Kirstin Ridley LONDON (Reuters) -Barclays on Wednesday won a UK Supreme Court appeal that turned on the extent of banks’ duties to protect customers from fraudsters, in a closely watched decision lawyers say could stem a flood of litigation. Fiona Philipp, a music teacher and long-time customer, sued the bank in…
(Reuters) – The interest rate on the most popular U.S. home loan leapt back over 7% last week for the first time since last fall as financial markets adjusted to an expectation that the Federal Reserve would need to keep its benchmark rate higher for longer to beat back inflation. The average contract rate on…
By David Milliken, Huw Jones and William Schomberg LONDON (Reuters) -Britain’s economy is so far proving resilient to a surge in interest rates over the past year and a half, but it will take time for the full impact to feed through, the Bank of England said on Wednesday. The Bank last month raised rates…
By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will broadly fall over the coming year on expectations the Federal Reserve will soon end its hiking cycle, according to fixed-income strategists polled by Reuters, who also predicted a steeper yield curve in the year ahead. Since its March 24 low, the yield on the U.S….
By Dhwani Pandya MUMBAI (Reuters) – India’s Adani Group is aiming to close its planned up to $4 billion fundraising before the end of 2023, and is actively talking to global investors about participating, a source with direct knowledge of the matter said on Wednesday. The group’s flagship, Adani Enterprises, and Adani Green have board…
By Mariko Katsumura TOKYO (Reuters) – A third-year student at one of Japan’s top engineering universities, Yuna Kato has her sights set on a career in research but fears it might be short-lived if she has children. Kato says relatives have tried to steer her away from science, technology, engineering and mathematics, on the notion…
