A look at the day ahead in European and global markets from Brigid Riley The Wednesday “hump” may have passed, but the week is far from over as we head into this data-heavy day, with a Bank of England rate decision and Apple earnings topping the schedule. The BOE is leaning toward a 25 basis…
By Lewis Jackson SYDNEY (Reuters) – Australia’s office vacancy rates crept higher in the first half to levels not seen since the 1990s, according to new research on Thursday which underscores the challenges facing landlords struggling to fill buildings emptied during COVID amid a slowing economy. Vacancies in downtown Sydney, Melbourne and Perth, where most…
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will raise interest rates by 25 basis points next quarter in their last hike of the cycle, economists polled by Reuters said following a surprise pause on Tuesday. On Aug. 1, the Reserve Bank of Australia left rates unchanged for a second straight month, stating the…
(Reuters) – Russian forces have made no headway along the front lines, but are entrenched in heavily mined areas they control, making it difficult for Ukrainian troops to move east and south, Ukrainian officials said on Wednesday. Russian accounts of the fighting on the frontline said 12 Ukrainian attacks had been repelled in Donetsk region…
By Clare Jim HONG KONG (Reuters) -Shares of Evergrande Property Services Group shed 50% of their value on Thursday when trading resumed after 16 months, following the release of its financial results and the end of an investigation into misused funds involving its parent. The property services firm was dragged into financial troubles after its…
(Reuters) -A federal jury on Wednesday voted to sentence Robert Bowers to death for killing 11 worshippers at Pittsburgh’s Tree of Life synagogue in 2018, the deadliest antisemitic attack in U.S. history. In June, the jury found Bowers, 50, guilty of dozens of federal hate crimes in a trial held at the U.S. District Court…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire investor William Ackman on Wednesday said his hedge fund Pershing Square Capital Management has placed a bet against U.S. 30-year Treasuries, calling it both a hedge on the impact of higher long-term rates on stocks and a good standalone bet. “We are short in size the 30-year…
By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – The Indian rupee will trade in a narrow range over the coming three months and then strengthen slightly in a year as the Reserve Bank of India uses its vast foreign exchange reserves to keep the currency stable, a Reuters poll found. Expected volatility in the…
By Simon Lewis and David Brunnstrom WASHINGTON (Reuters) – Mongolia will deepen cooperation with Washington to mine rare earths, the country’s Prime Minister L. Oyun-Erdene said on a visit to Washington on Wednesday, but he warned that a “new Cold War” between the U.S. and China would harm the global economy. Mongolia has extensive deposits…
By Wayne Cole SYDNEY (Reuters) -Australian retail sales volumes fell again in the June quarter as cost of living pressures and rising borrowing costs ate into consumer spending power, hampering economic growth and weakening the case for further interest rate hikes. Data from the Australian Bureau of Statistics on Thursday showed real retail sales fell…
