By Hari Kishan and Sarupya Ganguly BENGALURU (Reuters) – The outlook for most major housing markets has improved slightly from three months ago despite high interest rates, according to Reuters polls of property analysts who were mostly split on whether affordability would worsen or not. House prices rose at a blistering pace across the developed…
TAIPEI (Reuters) – Taiwan chipmaker TSMC is feeling “good” about talks towards setting up its first European factory in Germany, where it is in subsidy discussions with the government, the company’s chairman said on Tuesday. The world’s largest contract chipmaker, TSMC has been in talks with the German state of Saxony since 2021 about building…
LONDON (Reuters) – Investors have pulled around $780 million from crypto exchange Binance in the last 24 hours, data firm Nansen said on Tuesday, a day after the world’s biggest crypto exchange was sued by the U.S. Securities and Exchange Commission. Binance’s U.S. affiliate exchange registered net outflows of $13 million in the same period,…
By Riham Alkousaa BERLIN (Reuters) – United Nations climate talks in Germany kicked off on Monday without an agreed final agenda for technical discussions, a senior negotiator said, clouding optimism that the 10-day meeting would result in a clear programme for the COP28 conference in Dubai. The Bonn Climate Change Conference, designed to prepare decisions…
LONDON (Reuters) – Weak growth across Britain’s construction sector picked up modestly in May, despite an increasingly severe downturn in house-building activity prompted by rising interest rates, a survey showed on Tuesday. The S&P Global/CIPS UK Construction Purchasing Managers’ Index (PMI) rose to 51.6 from 51.1 in April. A Reuters poll of economists had pointed…
LONDON (Reuters) – UK investors backed money market funds in May at the fastest rate since the country’s failed ‘mini-budget’ last year, opting for caution after a volatile period in global banking, funds network Calastone said on Tuesday. Calastone’s fund flow index showed net inflows to money market funds of 419 million pounds ($521 million)…
FRANKFURT (Reuters) – Underlying price pressures in the euro zone may prove more difficult to tame but monetary policy is showing signs of effectiveness and further rate hikes must be done step by step, Dutch central bank chief Klaas Knot said on Tuesday. The ECB has raised rates by a combined 375 basis points over…
(Reuters) – GSK said on Tuesday that the U.S. Food and Drug Administration had granted file acceptance for its cancer drug, Jemperli, when combined with chemotherapy to treat adult patients with certain types of endometrial cancer. (Reporting by Radhika Anilkumar in Bengaluru; Editing by Savio D’Souza)
BUDAPEST (Reuters) – Hungary’s inflation will slow to single digit by end-2023 from 24% in April, allowing the central bank to sharply cut interest rates by next spring, Minister for Economic Development Marton Nagy said in an interview on Tuesday. Nagy told business website vg.hu that caps on households’ mortgage rates and small businesses’ loan…
By Valentyn Origenko KYIV (Reuters) – Russia launched a new wave of overnight air strikes on Kyiv, with officials at the Ukrainian capital saying that air defence systems downed more than 20 cruise missiles on their approach. “All were shot down, there were no hits,” Serhiy Popko, head of Kyiv’s military administration, said on the…
