U.S. Summer Stock Rally At Risk As September Looms
By David Randall NEW YORK (Reuters) -The 10.7% rally in the S&P 500 from its June lows is stumbling as…
Reuters
Brazil Soccer Clubs Poised For Gold Rush To Reduce Gap To Europe’s Elite
By Tatiana Bautzer and Aluisio Alves SAO PAULO (Reuters) – A new law allowing soccer clubs in Brazil to seek…
Sinopec’s Interim Profit Soars On Stronger Oil, Gas Prices
(Reuters) – China Petroleum and Chemical Corp, or Sinopec Corp, reported interim net income surged 10.4% to a record 43.53…
Bank Of Korea’s Rhee Says Rates To Rise Until Inflation Defeated
By Howard Schneider, Ann Saphir and Cynthia Kim JACKSON HOLE, Wyo./SEOUL (Reuters) – Bank of Korea Gov. Rhee Chang-yong said…
In Poland, Where Coal Is King, Homeowners Queue For Days To Buy Fuel
By Marek Strzelecki and Kuba Stezycki WARSAW/BOGDANKA (Reuters) – In Poland’s late summer heat, dozens of cars and trucks line…
Dell Ceases All Russian Operations After August Offices Closure
MOSCOW (Reuters) -Dell Technologies Inc. said on Saturday it had ceased all Russian operations after closing its offices in mid-August,…
Central Banks Must Tighten Policy Even Into A Recession, ECB’s Schnabel Says
By Balazs Koranyi JACKSON HOLE, Wyo. (Reuters) -Central banks around the world risk losing public trust and must now act…
ECB Needs To Act Forcefully Against Inflation To Maintain Trust, Schnabel Says
JACKSON HOLE, Wyo. (Reuters) – The European Central Bank needs to act forcefully to combat inflation and preserve the public’s…
ECB Needs ‘significant’ Rate Hike In Sept, Villeroy Says
JACKSON HOLE, Wyo. (Reuters) – The European Central Bank (ECB) needs another significant interest rate hike in September and should…
Central Banks Will Fail To Tame Inflation Without Better Fiscal Policy, Study Says
JACKSON HOLE, Wyo. (Reuters) – Central banks will fail to control inflation and could even push price growth higher unless…