By Ann Saphir and Howard Schneider (Reuters) – Federal Reserve Chair Jerome Powell said this week he’s looking for compelling signs that inflation is cooling before the U.S. central bank will let up on what’s so far been its most aggressive set of interest rate hikes in decades. In data released on Friday, he largely …
Fed’s aggressive rate-hike path bolstered by new inflation, wage data Read More »
By Marc Jones LONDON (Reuters) – London’s High Court has rejected President Nicolas Maduro’s latest efforts to gain control of more than $1 billion of Venezuela’s gold reserves stored in the Bank of England’s underground vaults in London. The court ruled on Friday that previous decisions by the Maduro-backed Venezuelan Supreme Court, aimed at reducing …
London’s High Court rules against Venezuela’s Maduro in $1 billion gold battle Read More »
By Sachin Ravikumar LONDON (Reuters) -Britain’s competition regulator will investigate whether fashion brands ASOS, Boohoo and George at Asda are misleading shoppers with their environmental claims as it scrutinises retailers for evidence of “greenwashing”. The investigation comes as regulators heighten scrutiny of companies which may be exaggerating the their green credentials in an attempt to …
Britain to investigate ASOS, Boohoo and Asda’s environmental claims Read More »
AMSTERDAM (Reuters) – Dutch grid operator TenneT swung to an operating loss of 685 million euros ($700 million) in the first half of 2022, it said on Friday, largely because of higher costs it plans to recoup from customers later. In the same period a year earlier the state-owned company, which is the largest operator …
Dutch grid operator TenneT swings to first-half operating loss Read More »
(Reuters) – Portuguese consumer prices jumped 9.1% year-on-year in July, the fastest pace since November 1992, up from 8.7% in June, flash data from the National Statistics Institute (INE) showed on Friday. Core inflation, which strips out volatile food and energy prices, rose 6.2% in July year-on-year, the fastest rate since April 1994, up from …
Portugal’s July inflation rise at fastest pace since Nov 1992 Read More »
BRUSSELS (Reuters) – Euro zone economic growth accelerated quarter-on-quarter in the second quarter, preliminary data showed on Friday, defying expectations of a slowdown, thanks to a much stronger than forecast performance in Spain, France and Italy. The Eurostat preliminary estimate might be revised later, but it shows the resilience of the economy of the 19 …
Euro zone Q2 growth accelerates, defies expectations of slowdown Read More »
FRANKFURT (Reuters) – Euro zone inflation rose to another record high in July and its peak could still be months away, keeping pressure on the European Central Bank to opt for another big interest rate increase in September. Consumer price growth in the 19 countries sharing the euro currency accelerated to 8.9% in July from …
Euro zone inflation hits yet another record high after big jump Read More »
LONDON (Reuters) – Shares in Amundi fell 1.6% on Friday as the giant French asset manager reported a 4.8% drop in assets under management in the second quarter due to “unfavourable” markets. Asset managers have been suffering from the impact on markets of the war in Ukraine and from soaring inflation and interest rates. Amundi …
LONDON (Reuters) – British consumer credit growth accelerated in June to its fastest pace since May 2019, up 6.5% on the year, but the number of mortgages approved for house purchase fell to the lowest since June 2020, Bank of England data showed on Friday. Net consumer credit rose by 1.781 billion pounds ($2.17 billion), …
UK June consumer credit growth highest since 2019 – BoE Read More »
By Natalie Grover and Ludwig Burger (Reuters) -AstraZeneca said it expected prescriptions of its Evusheld injection to protect against COVID-19 to drive sales growth of more than 20% after the company on Friday posted second-quarter profit that topped analyst expectations. The London-listed company increased its full-year revenue guidance, saying it expects it to rise by …
AstraZeneca lifts revenue guidance on COVID treatment Read More »
