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HANOI (Reuters) -The Vietnamese government will aim to raise its gross domestic product by 8.3% to 8.5% for this year, Prime Minister Pham Minh Chinh said on Wednesday, despite challenges. The target, which compares with growth of 7.09% last year, will “create a firm foundation for double-digit growth in the 2026-2030 period,” Chinh said at …

Vietnam targeting 8.3%-8.5% GDP growth this year, PM says Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September. Softening demand as consumers hunker down, however, is limiting price increases …

US consumer prices rise in June as tariff pass-through begins Read More »

By William Schomberg LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday the International Monetary Fund had a key role to play in tackling the buildup of risky imbalances in the world economy, many of them coming from the United States and China. In a speech he was due to give to Britain’s …

Bank of England’s Bailey backs IMF to help fix problems in global economy Read More »

By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) -MSCI’s global equities index lost ground on Tuesday after touching a record high, while U.S. Treasury yields hit their highest level in more than a month, as investors digested a slight rise in U.S. inflation and took a mixed view of quarterly results from big banks.  …

Equities lose earlier gains and US bond yields rise with inflation in focus Read More »

By David French (Reuters) -The Nasdaq Composite posted its latest record finish on Tuesday, supported by a jump in shares of heavyweight Nvidia, but the other Wall Street benchmarks dropped as a key inflation report and a flurry of bank earnings failed to excite investors. It was the fourth session in five that the technology-heavy …

Nasdaq ends at another record high on Nvidia’s China chip cheer Read More »

ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  The S&P 500 and Nasdaq leaped to new highs on Tuesday thanks to a surge in Nvidia shares, but closed mixed as investors digested a pick-up in U.S. inflation, a raft of major U.S. financial firms’ earnings …

Trading Day: Bond blues mar stocks’ joy Read More »

By Duncan Miriri NAIROBI (Reuters) -The global destruction of wetlands, which support fisheries, agriculture and flood control, may mean the loss of $39 trillion in economic benefits by 2050, according to a report by the Convention on Wetlands released on Tuesday. Some 22% of wetlands, both freshwater systems such as peat lands, rivers and lakes, …

World risks up to $39 trillion in economic losses from vanishing wetlands, report says Read More »