By Naomi Rovnick LONDON (Reuters) – If you looked at red-hot stock markets without following central banks, you could well assume interest rates are being cut. Of course, they are not. The U.S. Federal Reserve this week paused its most aggressive interest rate rise cycle in decades, but laced the decision with a warning of…
By Jan Strupczewski BRUSSELS (Reuters) – France and Germany clashed on Friday over how to reform the European Union’s fiscal rules and both claimed they had the backing of many other EU governments in a dispute that is unlikely to be resolved before the end of the year. The fiscal rules, called the Stability and…
By Howard Schneider, Balazs Koranyi and Leika Kihara WASHINGTON/FRANKFURT/TOKYO (Reuters) -Two years into confronting rising inflation, the world’s top central banks are still waiting for a decisive turn in their favor, with monetary policy edging ever tighter and policymakers maintaining their pursuit of a common 2% inflation target. The European Central Bank on Thursday raised…
(Reuters) – Global equity funds witnessed their largest inflow in 12 weeks, as stocks surged on expectations that subdued U.S. inflation data would prompt the Federal Reserve to pause rate hikes for now. As anticipated, the Federal Reserve left interest rates unchanged on Wednesday, breaking a streak of 10 consecutive rate hikes. In the week…
By Giulio Piovaccari MILAN (Reuters) – Italian electric-vehicle startup Aehra on Friday unveiled its new, European-made sedan which will serve the high-premium market segment and which joins the firm’s sport-utility vehicle which was first displayed late last year. Both models will start production in 2026, Aehra said. They will be priced in the 160,000 to…
WARSAW (Reuters) – Polish Prime Minister says Intel’s new semiconductor assembly and test facility near Wroclaw, western Poland, will the biggest greenfield investment in the country and that he hoped it would attract other investors. Intel announced on Friday it will invest up to $4.6 billion in the new facility as part of a multi-billion-dollar…
(Reuters) -German Finance Minister Christian Lindner said there were many member states that share Germany’s position on reforms to the European Union’s debt rules, ahead of a finance ministers meeting in Luxembourg on Friday to discuss the issue. “We need common rules that are the same for everyone. We need a reliable path to lower…
(Reuters) -Major global investment banks lifted their terminal rate forecast for the European Central Bank to 4% in September, after the ECB raised borrowing costs and indicated further hikes. J.P.Morgan, Goldman Sachs, BNP Paribas, Unicredit and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points…
By Jan Schwartz and Victoria Waldersee (Reuters) – Volkswagen will face investors hungry for answers at its capital markets day next Wednesday on how it will achieve high cost-cutting targets and whether it will heed their calls for an independent audit of its co-owned Xinjiang plant. Pressure is high after a turbulent shareholder meeting in…
By Vitalii Hnidyi SOUTHEASTERN UKRAINE (Reuters) – Russia announced plans on Thursday to stage elections in occupied parts of Ukraine in just three months, Moscow’s latest bid to signal it is in control even as a Ukrainian counteroffensive has pushed its forces back in some areas. The Ukrainian assault is in its early stages, and…
