(Reuters) – U.S. Secretary of State Antony Blinken and Ukraine’s Foreign Minister Dmytro Kuleba said late on Sunday they held a phone call to discuss this week’s NATO summit and Kyiv’s counteroffensive campaign to reclaim land taken by Russia. “I had an important discussion with Ukrainian Foreign Minister Dmytro Kuleba today ahead of this week’s…
By Krishn Kaushik and David Brunnstrom NEW DELHI/WASHINGTON (Reuters) – India’s multi-billion-dollar purchases of U.S. arms are less about shifting its reliance on Russian defence equipment and moving towards the West – it’s more about developing its own domestic weapons industry, security officials and analysts say. India is the world’s biggest arms importer but almost…
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole China’s inflation data for June surprised on the downside, with consumer prices slipping 0.2% on the month to leave annual CPI dead flat. Producer prices fell 5.4% on the year, the sharpest decline since late 2015. On the face…
By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – Government bond markets from Europe to the United States and Australia are in a tailspin as the prospect of higher interest rates sparks a rout in longer-dated bonds, hurting investors seeking higher returns after a lacklustre first half. German and British two-year borrowing costs touched their highest…
By Leigh Thomas and Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) -An unusually long lag in the time interest rate hikes are taking to feed through to the economy has left corporate leaders guessing whether to prepare for a hard or soft landing. Although central banks in the United States and Europe have raised interest rates at…
By Marc Jones LONDON (Reuters) – An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published on Monday. The financial market rout last year caused widespread losses for sovereign money…
By Ezgi Erkoyun and Kanishka Singh ISTANBUL/WASHINGTON (Reuters) -U.S. President Joe Biden expressed a desire to see Sweden join NATO “as soon as possible” in a phone call with Turkish President Tayyip Erdogan in which they discussed Sweden’s bid to become a member of the Western alliance, the White House said on Sunday. Turkey, along…
LONDON (Reuters) – Pay pressures in Britain’s labour market cooled further in June, according to a survey of recruiters published on Monday that could help ease some of the Bank of England’s (BoE) concerns about inflation pressure. The Recruitment and Employment Confederation (REC) and accountants KPMG said increases in starting salaries for permanent and temporary…
(Reuters) – The foreign ministers of Russia and Turkey spoke by telephone on Sunday, a day after Ankara angered Moscow by sending five Ukrainian commanders home with President Volodymyr Zelenskiy in what Russia called a violation of a prisoner exchange agreement. The Russian and Turkish foreign ministries said Sergei Lavrov and Hakan Fidan discussed the…
By Steve Holland STANSTED, England (Reuters) – U.S. President Joe Biden arrived in Britain on Sunday, starting a three-nation trip that will be dominated by a NATO summit in Lithuania aimed at showing solidarity with Ukraine in its fight against Russia while not yet accepting Kyiv as a member of the alliance. But the challenges…
