By Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose against the rouble on Monday, although it had pulled back from the 15-month high hit earlier in the session, while the Japanese yen gained modestly against the greenback following comments from the country’s top currency diplomat. After last being seen on Saturday night, the leader…
(Reuters) -Aston Martin Lagonda has forecast it would hit targets of 500 million pounds ($635.85 million) in adjusted profit and 2 billon pounds in revenue by 2024-2025, the Financial Times reported on Monday. The luxury carmaker, which had the capacity to sell 10,000-15,000 models a year, will likely sell “maybe 17 (thousand) at its peak…
By Shariq Khan BENGALURU (Reuters) -Oil prices rose slightly in choppy trading on Monday, as investors balanced concerns about global demand growth against upcoming supply disruptions that could be exacerbated by political instability in Russia. Brent crude futures rose 33 cents, or 0.5%, to settle at $74.18 a barrel, while U.S. West Texas Intermediate (WTI)…
By Jonathan Cable LONDON (Reuters) – The Bank of England will raise borrowing costs 50 basis points higher than was thought only two weeks ago, in two quarter-point moves, as elevated inflation proves tricker to bring down than had been expected, according to economists polled by Reuters. Last week, the central bank surprised investors by…
By Amruta Khandekar and Siddarth S (Reuters) -European shares inched lower on Monday, led by healthcare, while defence stocks fell after an aborted weekend mutiny in Russia. The pan-European STOXX 600 index slipped 0.1% as of 1600 GMT, extending losses for its sixth straight session. Russia sought to restore calm on Monday after the aborted…
LONDON (Reuters) – Britain’s finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates to savers and this is a problem that needs to be resolved. Banks have moved quickly to pass on higher interest rates to their mortgage customers, but moved much more…
By Mai Shams El-Din CAIRO (Reuters) – A Sudanese-Canadian citizen has been separated from an adopted sister and her children and is trying to help them secure safe passage out of Sudan where they have been stranded for over 10 weeks by the war between rival military factions. Sami Atabani said he hoped the Canadian…
LONDON (Reuters) – British retail sales fell again in June as household finances were squeezed by the rising cost of living but stores expected sales volumes to stabilise next month, a survey showed on Monday. The Confederation of British Industry’s (CBI) monthly distributive trades index fell to -9 from -10 in May. Martin Sartorius, CBI…
A look at the day ahead in U.S. and global markets from Mike Dolan. More perplexed by events than anything else, world markets stayed relatively calm on Monday after a dramatic Russian military mutiny at the weekend was uneasily quelled. Fractious geopolitics have been front of mind for global investors ever since the pandemic and…
By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia has moved to contain the fallout from a scandal over the misuse of confidential government tax plans by selling its government consulting unit to Allegro Funds and flying in an executive from Singapore to lead the local firm. Here is what you need…
