BEIJING (Reuters) – China will lower financing costs for firms, stabilise market expectations and support the property sector in coming months, the central bank said on Tuesday amid a flagging economic recovery. The world’s No.2 economy staged a better-than-expected recovery in the first quarter following COVID reopening but has lost steam since the April-June quarter…
Federal Reserve Governor Christopher Waller on Wednesday said he is concerned about the lack of progress on inflation, and while skipping an interest rate hike at the U.S. central bank’s meeting next month may be possible, an end to the hiking campaign isn’t likely. “I do not support stopping rate hikes unless we get clear…
By Aditi Shah ISTANBUL (Reuters) – Japan’s All Nippon Airways (ANA) wants to grow its short and medium-haul fleet by 2030, especially expanding the Boeing 787 planes it has on order, CEO Shinichi Inoue said on the sidelines of an aviation conference in Istanbul on Monday. ANA is still not operating the number of aircraft…
NEW YORK (Reuters) – U.S. consumer prices increased in April on higher gasoline costs and rents, while underlying inflation remained strong as used motor vehicle prices rebounded, potentially ensuring that the Federal Reserve keeps interest rates elevated for a while. The Consumer Price Index (CPI) rose 0.4% last month after gaining 0.1% in March, the…
By Aidan Lewis and Khalid Abdelaziz CAIRO (Reuters) – Shooting their way through truces, Sudan’s warring factions have shown the limited leverage the United States, Saudi Arabia and other foreign powers have in ending a two-month conflict that is driving the nation deeper into disaster. Neither the army nor the paramilitary Rapid Response Forces (RSF)…
By Matt Spetalnick, John Geddie, Lili Bayer WASHINGTON/TOKYO/BRUSSELS (Reuters) -He has launched an unprecedented global tariff war and slashed U.S. foreign aid. He has disparaged NATO allies and embraced Russia’s narrative about its invasion of Ukraine. And he has spoken about annexing Greenland, retaking the Panama Canal and making Canada the 51st state. In the…
By Nancy Lapid (Reuters) – Wildfires are increasingly causing destruction and illness around the world, but the smoke drifting southward from eastern Canada this week is a new experience for the tens of millions who live in the U.S. Northeast. Many in those states are wondering what they need to know about a first-time wildfire…
(Reuters) -Global recruiter PageGroup Plc reported a 25.5% rise in quarterly profit on Wednesday, supported by strong hiring demand from companies amid staff shortages and higher resignations. The recruitment sector is continuing to benefit from pent-up demand as businesses recover from the COVID-19 pandemic, with employers looking for suitable talents in a tight labour market….
(Reuters) – Blackstone Inc has warned of possible delays to the launch of a new private equity fund designed for wealthy individuals, as it copes with heavy investor withdrawals at two other funds in real estate and credit aimed at a similar clientele, the Financial Times reported on Saturday. The New York-based investment manager has…
BERLIN (Reuters) -Google and Porsche are in talks over a possible deal to allow Google Apps to be used in Porsche cockpits, German business magazine Manager Magazin reported on Thursday, citing managers from both companies. A focus of the deal would be access to Google Maps, the report added. Spokespeople for Porsche and Google were…
