A look at the day ahead in European and global markets from Wayne Cole It could have been worse, is about the best that can be said of China’s data dump today. The Q2 GDP number of +0.8% q/q just pipped forecasts, but y/y undershot at 6.3% suggesting revisions somewhere to the past. Industrial output…
By James Davey LONDON (Reuters) – British consumer group Which? has urged the government to take action to support households when the competition watchdog publishes its review of grocery pricing, saying some food prices have jumped by as much as 175% since 2021. Based on analysis of more than 21,000 food and drink products at…
LONDON (Reuters) – Asking prices for residential homes in Britain fell in July as rising mortgage costs and increasing buyer affordability constraints prompted sellers to tempered their price expectations, an industry survey showed on Monday. Property website Rightmove said average asking prices of homes coming onto the market declined by 0.2% last month, compared with…
By Pritha Sarkar LONDON (Reuters) -Carlos Alcaraz heralded the changing of the guard in men’s tennis as he ended Novak Djokovic’s long reign at Wimbledon with a rip-roaring 1-6 7-6(6) 6-1 3-6 6-4 victory to win the All England Club title for the first time on Sunday. The 36-year-old Serbian had been indestructible on Wimbledon’s…
(Reuters) – Along with offering a place in the tennis history books, the four Grand Slams – the biggest events on the tennis calendar – also provide serious financial incentives for the champions. Here is what you need to know about the prize pot on offer at Wimbledon: WHAT IS THE TOTAL PRIZE FUND IN…
(Reuters) – UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse’s accounts from 2024, the Financial Times reported on Sunday, citing people with knowledge of the decision. The size of the contract will require the Big Four accounting firm to call in staff from other countries…
By Lucy Craymer AUCKLAND (Reuters) -Members of a major trans-Pacific trade pact said on Sunday they were gathering information on China, Taiwan and other countries interested in joining the agreement to see whether they were able to meet the pact’s “high standards”. The comments followed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) meeting…
By Jonathan Stempel NEW YORK (Reuters) -The U.S. Virgin Islands said it wants JPMorgan Chase to pay at least $190 million, and possibly much more, to resolve its lawsuit accusing the largest U.S. bank of ignoring the disgraced late financier Jeffrey Epstein’s sex trafficking. In a Friday filing in federal court in Manhattan, the territory…
(Corrects 2nd paragraph to make it “June 2022” instead of “last month”) By Curtis Williams (Reuters) – Chevron Corp is comfortable with buying U.S. liquefied natural gas (LNG) on long-term contracts rather than constructing its own U.S. domestic export facility, said Freeman Shaheen, the company’s head of global gas. The second largest U.S. oil and…
(Reuters) – Aspartame, one of the world’s most popular sweeteners, has been deemed a “possible carcinogen” by two groups linked to the World Health Organization, though it remains safe for consumption at already-agreed levels. The sugar substitute, used in products from diet sodas to sugar-free yoghurts and cough drops, is a combination of two amino…