(Reuters) -The Federal Reserve can downshift to smaller interest rate hike increments from next month as it fine-tunes its policy actions to help bring down high inflation while keeping the economy humming, Cleveland Fed President Loretta Mester said on Monday. “I think we can slow down from the 75 at the next meeting. I don’t …
Fed’s Mester says she supports smaller rate hike in December Read More »
By Carolina Mandl (Reuters) – Wall Street’s main indexes ended Monday roughly down on fears that China could resume stricter measures to fight COVID-19 after it said it faces its most severe test of the pandemic. Beijing said on Monday it would shut businesses and schools in hard-hit districts and tighten rules for entering the …
Wall Street slips as concerns rise of stricter China COVID curbs Read More »
By Jonathan Stempel (Reuters) -A U.S. appeals court on Monday decertified a class-action lawsuit accusing Boeing Co and Southwest Airlines Co of covering up a fatal flaw in the design of the Boeing 737 MAX 8 plane, and ordered the lawsuit be dismissed. In a 3-0 decision, the 5th U.S. Circuit Court of Appeals in …
U.S. court voids class action against Boeing, Southwest over 737 MAX safety Read More »
By Clare Baldwin HONG KONG (Reuters) – Conservation group The Nature Conservancy’s vision for the future of coral protection involves speed boats, and a global army of snorkellers and divers deployed when tropical storms and hurricanes damage reefs. On Monday, the global ‘Reef Brigades’ plan came closer to reality when it bought an insurance policy …
Analysis-First U.S. coral insurance marks the rise of the reef brigades Read More »
By Michael S. Derby (Reuters) -San Francisco Federal Reserve President Mary Daly said on Monday the real-world impact of the U.S. central bank’s interest rate hikes is likely greater than what its short-term rate target implies. Against the Fed’s current short-term target rate of between 3.75% and 4.00%, Daly said some researchers have found “the …
Real impact of Fed hikes likely bigger than what target rate implies, Daly says Read More »
(Reuters) – Goldman Sachs on Monday warned that the global equity bear market is not over as the markets are yet to see a trough in the momentum of global growth deterioration, a peak in interest rates and valuations lowered to reflect a likely recession. The Wall Street investment bank expects returns to be a …
Global equity bear market not over yet – Goldman Sachs Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -A last-minute decision to ban the sale of alcohol at Qatar’s World Cup stadiums will seriously limit Budweiser sales in the Gulf state, but will not derail its owner’s global campaign during the tournament, industry analysts said. Soccer world governing body FIFA’s announcement of the ban on Friday, just two …
Budweiser World Cup campaign curbed, not crashed, by Qatar beer ban Read More »
(Reuters) – The most important day for U.S. retailers is here and questions are rife on whether king dollar is set to lose its crown. Global purchasing managers data will shine a light on the health of the world economy, while markets want to see whether Beijing could step up some of its promised support. …
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Bob Iger is returning to Walt Disney Co. as chief executive less than a year after he retired, a surprise comeback that coincides with the entertainment company’s attempt to boost investor confidence and profits at its streaming media unit. Iger, who retired last year after …
Disney brings back Bob Iger as CEO in bid to boost growth Read More »
A look at the day ahead in European and global markets from Anshuman Daga: Enthusiasm over recent moves by Chinese authorities to adjust the country’s zero-COVID policy is giving way to renewed caution as COVID cases ticked up in Beijing, stoking a risk-off mood in stocks and currencies, while oil prices hit two-month lows. We …
