By Laura Matthews NEW YORK (Reuters) – The dollar strengthened against the euro on Thursday, after better-than-expected U.S. economic data continue to foil investors’ expectation for relatively dovish monetary policy from the Federal Reserve. A recent string of strong data show that, for now, the U.S. is staving off a recession, increasing the likelihood that…
By Joice Alves and Hannah Lang LONDON/WASHINGTON (Reuters) – The euro gave back earlier gains on Wednesday after European Central Bank President Christine Lagarde said the era of ultra low inflation that preceded the pandemic is unlikely to return. Speaking at a panel at the ECB Forum in Sintra, Portugal, alongside U.S. Federal Reserve Chairman…
KYIV, Ukraine (AP) — A massive barrage of Russian strikes hit critical infrastructure in Kyiv, Kharkiv and other Ukrainian cities on Monday morning, knocking out water and power supplies in apparent retaliation for what Moscow alleged was a Ukrainian attack on its Black Sea Fleet over the weekend. Russia has intensified its attacks on Ukraine’s…
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) – A gauge of global stocks rallied and bond yields were steady on Thursday after moderating U.S. producer prices and a jump in weekly jobless claims bolstered bets that the Federal Reserve may soon pause its hiking of interest rates to tame high inflation. Gold hit…
By Daniel Wiessner (Reuters) – Tesla Inc has asked a California judge to pause a state agency’s lawsuit that accuses the electric car maker of widespread race discrimination at its flagship assembly plant, saying the state must further investigate the claims and allow a chance to settle the litigation. Tesla in a filing in state…
By David Randall NEW YORK (Reuters) -Several indicators that pointed to upside for U.S. stocks this year have shifted to a more neutral outlook, potentially leaving equities vulnerable to turbulence from a recent surge in bond yields and worries over China’s economy, investors said. Some investors watch so-called contrarian indicators to gauge the market’s mood,…
HONG KONG (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon on Wednesday warned “uncertainty” caused by the Chinese government could hurt investor confidence at home and abroad, and said the U.S. and China need “real engagement” on security and trade issues. Dimon is on his first visit to China since the beginning of the…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Contract drugmaker Catalent, which is being pushed to make changes to its board by Elliott Investment Management, had at least two other activist investors in its stock at the end of the second quarter, according to new regulatory filings. Keith Meister’s Corvex Management and Scott Ferguson’s Sachem Head…
KHARTOUM (Reuters) -Sudanese are pinning their hopes on talks in Saudi Arabia between envoys of warring factions to end bloodshed that has killed hundreds and triggered a mass exodus, but there is no sign lasting relief will come anytime soon. There has been no word on the progress of the talks which began on Saturday…
Asian shares bounced back Friday from losses earlier in the week, shrugging off data showing U.S. wholesale prices soared 11% in April from a year earlier. The regional rally followed a mixed and muted close on Wall Street. Oil prices and U.S. futures also were higher. Investors are puzzling over what’s next with inflation and…
