By Ann Saphir SAN FRANCISCO (Reuters) – Two more U.S. interest-rate hikes this year is a “very reasonable” projection, San Francisco Federal Reserve Bank President Mary Daly said, but given how fast rates have risen already and how close they are to where they probably need to be, it’s better to move more slowly and…
COPENHAGEN (Reuters) -Danish brewer Carlsberg said on Friday it had signed an agreement to sell its Russian business but did not name the buyer or the agreed price for the transaction, which is subject to an extensive regulatory review by Moscow. Carlsberg, the Western brewer most exposed to Russia, said last year it expected a…
By Richa Naidu and Sybille de La Hamaide LONDON/PARIS (Reuters) – Danone and Kellogg are among 75 consumer goods companies that French authorities have asked to cut prices, according to a list seen by Reuters that sources say the government is using for the initiative. Finance Minister Bruno Le Maire said on June 9 he…
By Allison Lampert and Tim Hepher PARIS (Reuters) – Jean Blondin usually attends the world’s largest air show to find new contracts. This year, he has made the journey from Canada to look for something equally precious – workers. Labour shortages are an urgent topic at this week’s Paris Airshow, with gaps in the workforce…
WASHINGTON (Reuters) – Indian Prime Minister Narendra Modi will meet U.S. and Indian business leaders in Washington on Friday, the final day of a state visit marked by pledges of deeper U.S.-India cooperation on areas including space, artificial intelligence and quantum computing. President Joe Biden rolled out the red carpet for Modi on Thursday, declaring…
By Shreyashi Sanyal (Reuters) -European shares dipped on Friday at the end of a central bank policy-packed week that reinforced views that interest rates could stay higher for longer, while shares of Siemens Energy plunged as it withdrew its annual profit outlook. The STOXX 600 index edged 0.1% lower. The index has lost 2.7% for…
(Reuters) -GSK reached a settlement with a U.S. citizen who alleged its discontinued heartburn drug Zantac caused cancer, the British pharmaceutical giant said on Friday, preventing the first such lawsuit from going to trial. The case, brought by California resident James Goetz in Alameda County Superior Court, was to go to trial on July 24…
(Reuters) -Thyssenkrupp and Industrie De Nora on Friday set the price range for the initial public offering (IPO) of their joint venture Thyssenkrupp Nucera below the expected value. Up to 30.3 million shares in Nucera will be offered to investors at a price between 19 euros ($20.76) and 21.50 euros, corresponding to a stock market…
By Rae Wee SINGAPORE (Reuters) – The dollar drew support from a bout of risk aversion on Friday as hawkish comments from global central banks, including the Federal Reserve, stoked fears that their aggressive monetary tightening could push economies into a deeper downturn. Sterling struggled to hold gains from a larger-than-expected 50-basis-point rate rise from…
A look at the day ahead in European and global markets from Tom Westbrook A red tide swept over Asia-session screens on Friday as markets took a hot Japanese inflation reading and the Bank of England’s super-sized rate hike as bad news for growth. Japan’s Nikkei looks set to snap a 10-week winning streak and…
