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 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…
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…
By Michael Holden and Steve Holland LONDON (Reuters) -U.S President Joe Biden arrived in London late on Sunday for the start of a three-nation tour that will include meetings with Prime Minister Rishi Sunak and a discussion on climate change with King Charles at Windsor Castle on Monday. The White House had said the trip…
LONDON (Reuters) – U.S President Joe Biden arrived in London late on Sunday for the start of a three-nation tour that will include a meeting with Prime Minister Rishi Sunak at 10 Downing Street and talks about climate change with King Charles at Windsor Castle on Monday. Biden will travel to Vilnius, Lithuania, on Monday…
By David Carnevali NEW YORK (Reuters) – Barclays Plc has hired Jim Birchenough from Wells Fargo & Co as its chairman of global healthcare investment banking, a spokesperson for the British bank confirmed, after Reuters reported on the appointment on Friday. Birchenough last served as vice chairman of biopharma investment banking at Wells Fargo. A…
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar slumped on Friday after signs of a less resilient U.S. labor market reduced the outlook for how long the Federal Reserves will keep interest rates higher, while the yen surged on concerns the 10-year Treasury’s yield rose above 4%. The U.S. economy added the…
BRUSSELS (Reuters) – NATO allies have reached agreement to raise the alliance’s target for military spending to at least 2% of national GDP, two diplomats told Reuters late on Friday. The 31 allies agreed on “an enduring commitment to invest at least 2%” of their GDP into their militaries in the future, two diplomats said,…
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.95, or 2.6%, to settle at $78.47 a barrel, while U.S. West Texas…
PARIS (Reuters) – Two years after the world’s largest jetliner rolled out of its Toulouse factory for the last time, Airbus is preparing to bring some A380 superjumbos back to their birthplace for wing inspections even as it re-dedicates the plant to smaller jets. A380 production stopped in 2021 and part of the giant Jean-Luc…
