LONDON (Reuters) – Pay awards by British employers remained the highest in more than 30 years in the three months to May, keeping pressure on the Bank of England which looks set to raise interest rates again on Thursday in a bid to tame high inflation. Human resources data firm XpertHR said the median basic…
LONDON (Reuters) – Secretary of State Antony Blinken said on Tuesday that the United States would have deep concerns about Chinese military activities in Cuba, after the Wall Street Journal reported that Beijing was planning a new training facility there. Speaking at a press conference in London after wrapping up a trip this week to…
(Reuters) – Ball Corp, the world’s largest supplier of beer cans, said on Tuesday it was considering options for its aerospace business, days after a report said the company was looking to sell the unit for more than $5 billion. The business has attracted the interest of large defense companies such as BAE Systems and…
(Reuters) -UBS Group AG faces hundreds of millions of dollars in penalties over Credit Suisse’s mishandling of Archegos Capital, after UK, Swiss and U.S. regulators completed their investigations, Financial Times reported on Monday. UBS has asked the U.S. Federal Reserve, the Swiss Financial Market Supervisory Authority and UK’s Prudential Regulation Authority to publish their findings…
(Refiles to add dropped day in paragraph 1) By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK (Reuters) -The U.S. dollar edged higher against the euro on Tuesday after data showed U.S. housing starts surged and as traders awaited Federal Reserve Chair Jerome Powell’s congressional testimony later this week for clues to the outlook for…
By Scott DiSavino NEW YORK (Reuters) -Oil futures eased in choppy trading on Tuesday on forecasts for slower oil demand growth in China, the world’s second-biggest oil consumer, and disappointment with the size of cuts in China’s key lending rates. Adding to the bearish market sentiment, traders noted crude supplies from Iran and Russia have…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -German stocks fell on Tuesday as shares of speciality chemicals maker Lanxess plunged after lowering its earnings forecast, while a modest interest rate cut by Beijing did little to lift investor sentiment among Europe’s China-exposed shares. Germany’s DAX index closed 0.6% lower, retreating further from a record…
By Luc Cohen NEW YORK (Reuters) – JPMorgan Chase Chief Executive Jamie Dimon may have ordered a 2019 review of the bank’s relationship with the late financier and sex offender Jeffrey Epstein, the U.S. Virgin Islands said. The U.S. territory, where Epstein owned two neighboring islands, made the claim in a letter made public on…
LONDON (Reuters) – U.S. Secretary of State Antony Blinken said he would set out a new assistance package for Ukraine on Wednesday at a conference aimed at encouraging private companies to invest in the country’s reconstruction after Russia’s invasion. Kyiv and London will host the Ukraine recovery conference in London on Wednesday and Thursday, when…
By Joanna Plucinska and Valerie Insinna PARIS (Reuters) -Ukraine is in negotiations with Western arms manufacturers to boost production of weapons, including drones, and could sign contracts in coming months, a Ukrainian minister told Reuters. Since Russia’s invasion of Ukraine last year Ukraine has been scrambling to secure weapons ranging from munitions to rocket launchers…
