By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) -Top U.S. and European investors are flagging their concerns about high prices to consumer goods companies, with Janus Henderson going so far as to cut some stakes it holds and shorting food makers it believes are at risk of losing customers. The industry, which is due…
By William Schomberg LONDON (Reuters) – Britain’s economy is showing some signs of strain from the Bank of England’s 13 back-to-back interest rate increases, but the jobs market is still generating inflationary heat and consumers have not reined in their spending sharply. The BoE is expected to keep on raising borrowing costs as it tries…
By John Irish and Niklas Pollard VILNIUS (Reuters) – G7 countries on Wednesday unveiled an international framework for the long-term security of Ukraine to boost its defences against Russia and deter Moscow from future aggression, officials said. Ukrainian President Volodymyr Zelenskiy was meeting leaders of NATO at a summit of the 31-member Western alliance, a…
VILNIUS (Reuters) -NATO leaders at this week’s summit in Vilnius said Ukraine should be able to join the military alliance at some point in the future but dashed Kyiv’s hopes for an immediate invitation. The guarded statement on Ukraine’s path into NATO irked President Volodymyr Zelenskiy. But after 16 months of war since Russia launched…
VILNIUS (Reuters) – G7 countries announced on Wednesday an international framework that paves the way for long-term security assurances for Ukraine to boost its defences against Russia and deter Moscow from future aggression. In a joint declaration, which other nations can join, the United States, Germany, Japan, France, Canada, Italy and Britain, as well as…
MILAN (Reuters) – European shares, currencies and bonds rallied on Wednesday after U.S. inflation slowed in June, feeding bets the Federal Reserve is nearing the end of a series of steep interest rate rises. The U.S. consumer price index rose 3.0% year-on-year last month, scoring its smallest annual increase in more than two years, while…
By Andrew Gray, Sabine Siebold and John Irish VILNIUS (Reuters) – Ukrainian President Volodymyr Zelenskiy meets NATO leaders on Wednesday after they declared his country’s future lay inside the alliance but rebuffed his call for a timeline to membership. Zelenskiy will join the NATO leaders on the second day of their summit in Vilnius for…
By Huw Jones LONDON (Reuters) -Britain’s eight largest lenders have enough capital to ride out a worse economic crisis than that seen in 2008, the Bank of England (BoE) said on Wednesday, as the sector faces sharply rising interest rates pummelling consumers and businesses. The test checked if banks had enough capital to weather theoretical…
A look at the day ahead in U.S. and global markets from Mike Dolan World markets leaned positively into another critical U.S. inflation report later on Wednesday, seeding a dollar slide to two-month lows that’s revved-up yen and sterling gains. The importance of the monthly U.S. consumer price report for Federal Reserve thinking and the…
A look at the day ahead in European and global markets from Ankur Banerjee While market participants are almost certain that the Federal Reserve will hike in July, the always important U.S. inflation report due later on Wednesday will likely help dictate how many more hikes are left in the tank. Economists polled by Reuters…