FRANKFURT (Reuters) – The European Central Bank has banned its top officials from picking stocks and bonds or making short-term trades after a string of scandals at the Federal Reserve and backlash at home. Rate setters and bank supervisors at the ECB will no longer be allowed to invest in individual stocks or bonds but…
SHANGHAI (Reuters) – China aims to restore the country’s average daily passenger flight volumes to 70% of 2019 levels by Jan. 6, financial news outlet Caixin reported on Friday citing a document from the aviation regulator. The aim is part of a work plan the Civil Aviation Administration of China issued on Wednesday to encourage…
By Sinchita Mitra (Reuters) – The World Cup, cold weather and a lack of disposable income have left British punters spending less at casinos, gaming operator Rank Group said on Friday, and warned of lower annual profit, prompting its shares to drop 9%. The owner of the Mecca and Grosvenor Casinos brands said the soccer…
(Reuters) – The Bank of Japan will be the last of the major central banks to hold a policy meeting this year, and policy-makers in emerging economies also mark the year-end with rates decisions. The state of the U.S. housing market is in focus, while in Europe unusually cold weather has raised concerns of electricity…
(Corrects Dec. 15 story to change Robert Dishner’s location in paragraph 33 to London from Chicago. No other changes to text.) LONDON (Reuters) -The Bank of England on Thursday raised interest rates by a widely expected 50 basis points (bps) to 3.50%, in its ninth straight increase – and its eighth this year. The BoE,…
TOKYO (Reuters) -Sony Group Corp is considering an investment of about 800 billion yen ($5.83 billion) to build a factory to make smartphone image sensors in western Japan, the Nikkan Kogyo newspaper said on Friday. The plant would be located in Kumamoto prefecture and Sony plans to bring it online in 2025 at the earliest,…
A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down with their risk-off hat on, after a central bank bonanza this week (that’s seven central banks on Thursday and the Fed on Wednesday, for those counting) made it clear that interest rates will go up in 2023…
By Patricia Zengerle WASHINGTON (Reuters) -The U.S. Senate passed legislation on Thursday authorizing a record $858 billion in annual defense spending, $45 billion more than proposed by President Joe Biden, and rescinding the military’s COVID vaccine mandate. Senators supported the National Defense Authorization Act, or NDAA, an annual must-pass bill setting policy for the Pentagon,…
By Alexandra Alper WASHINGTON (Reuters) -The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC, long in the crosshairs of the U.S. government, was added to the list over fears it could…
TOKYO (Reuters) – Japan will extend tax breaks on low-emission cars and seek to shift its massive household savings into investment in the government’s annual tax code revision to be approved on Friday. The government will also raise corporate, income and tobacco taxes to pay for a scheduled doubling of Japan’s defence spending to 2%…
