LONDON (Reuters) – Inflation is easing but major central banks remain hawkish, with a long-awaited pause from the U.S. Federal Reserve this week coming with a warning by the world’s most influential interest rate setter that the tightening cycle may not be over yet. Meanwhile, the European Central Bank on Thursday hiked rates by 25…
WASHINGTON (Reuters) – U.S. import prices fell in May and the annual decrease in prices was the sharpest in three years, providing another boost for the Federal Reserve in the fight against inflation. Import prices dropped 0.6% last month as the costs of energy products and food declined after increasing 0.3% in April, the Labor…
By Mayela Armas, Corina Pons and Rodrigo Campos CARACAS/MADRID/NEW YORK (Reuters) – Small funds and investors outside the United States are looking to increase their exposure to Venezuelan bonds, on the expectation of debt renegotiations or of legal action tied to a looming expiry of repayment rights, investors and four financial sector sources said. Many…
By Magali Druscovich and Sheila Dang (Reuters) – To make sense of the unprecedented events of Jan. 6, 2021, Vitus “V” Spehar did what no traditional journalist would do – crawl under a desk and begin recording a video for TikTok. Like others who watched on TV as the storming of the U.S. Capitol unfolded,…
By Saeed Azhar, Lananh Nguyen and Tatiana Bautzer NEW YORK (Reuters) – Goldman Sachs Group Inc’s managing directors were invited to meetings this month to receive an ominous message: take even more painful steps to cut costs, according to four sources familiar with the situation. Belt-tightening on the agenda for meetings of Goldman’s top executives…
By Hyonhee Shin SEOUL (Reuters) -Several thousand South Korean and U.S. troops took part in joint live-fire exercises on Thursday, in a show of force after North Korea’s failed attempt last month to launch a spy satellite ratcheted up tensions in the region. The drills, overseen by South Korean President Yoon Suk Yeol, are also…
By David Lawder MANDEVILLE, Jamaica (Reuters) -World Bank President Ajay Banga wants to focus on improving the development lender so that he can earn the right to press member countries for more capital, as the new chief looks to expand its role in fighting climate change, pandemics and other crises. Banga said in an interview…
AMSTERDAM (Reuters) – Uber said on Thursday it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share. The moves were “in line with our efforts to focus on markets where we have opportunities for sustainable growth”, a company spokesperson said. CEO Dara Khosrowshahi has said…
By Joseph White DETROIT (Reuters) – The venture capital arm of automaker Stellantis said on Thursday it will invest about 100 million euros ($108.3 million) in automotive and battery technology startups and a mobility venture fund. Stellantis Ventures, created last year with 300 million euros of initial capital, will put money in ten startups ranging…
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. A day after the Federal Reserve took markets by surprise with a hawkish message, it’s the European Central Bank’s turn in the hot seat. Short-dated government bond yields in the United States and Europe are heading back up and bullish stock…
