By Noel Randewich and Devik Jain (Reuters) – Wall Street ended lower after a choppy session on Tuesday, with geopolitical tensions flaring after U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan. Pelosi said her trip demonstrated American solidarity with the Chinese-claimed self-ruled island, but China condemned that first such visit in 25 years as …
S&P 500 ends see-saw session lower as Pelosi visits Taiwan Read More »
By Lindsay Dunsmuir and Dan Burns (Reuters) -A trio of Federal Reserve officials from across the policy spectrum signaled on Tuesday that they and their colleagues remain resolute and “completely united” on getting U.S. interest rates up to a level that will more significantly curb economic activity and put a dent in the highest inflation …
Fed officials stay resolute on need to make policy more restrictive Read More »
By Giulia Paravicini ADDIS ABABA (Reuters) – European Union and U.S. officials said on Tuesday that “there should be no obstacle” to restoring banking and telecommunications services to the country’s isolated northern Tigray region. War erupted in Tigray in November 2020 and spilled into neighbouring regions a year ago. The fighting eased in March after …
EU, U.S. officials call for banking, telecoms restoration in Ethiopia’s Tigray Read More »
By Daina Beth Solomon MEXICO CITY (Reuters) -A Mexican union on Tuesday said it will request a U.S. labor complaint over alleged worker rights violations at a BBB Industries auto-parts plant in northern Mexico, the latest effort to leverage terms of a regional trade deal. U.S. labor authorities have filed five complaints since last year, …
Mexican union urges U.S. labor complaint at BBB auto-parts plant Read More »
MOSCOW (Reuters) – The Russian rouble stabilised near the 60 mark against the dollar on Tuesday, losing momentum after a short-lived rally, while stock indexes declined on lower oil prices and uncertainty related to the return of foreign investors. At 0754 GMT, the rouble was flat at 60.23 against the dollar, trading at a distance …
Rouble steadies near 60 vs dollar, X5 shares outperform wider market Read More »
ZURICH (Reuters) – The Swiss purchasing managers’ (PMI) index fell by 1.1 points in July, according to data published on Tuesday, but remained in positive territory despite concerns about rising energy prices and a slowdown in export markets. The manufacturing index dropped to a seasonally adjusted 58.0 points in July from 59.1 points in June …
Swiss PMI dips slightly but industry stays in growth mode Read More »
By Wayne Cole SYDNEY (Reuters) -Australia’s central bank on Tuesday raised interest rates for a fourth month running, but tempered guidance on further hikes as it forecast faster inflation but also a slowdown in the economy. Wrapping up its August policy meeting, the Reserve Bank of Australia (RBA) lifted its cash rate by 50 basis …
Australia’s central bank hikes rates, says policy not on pre-set path Read More »
A look at the day ahead in markets from Anshuman Daga Just as markets seemed to factor in a less hawkish Federal Reserve and relief for economies and businesses, politics is playing spoilsport. Tensions have flared up with the U.S. House of Representatives Speaker Nancy Pelosi preparing to arrive in Taiwan on Tuesday, as part …
BANGKOK (Reuters) – Thailand’s economy is expected to grow 3.3% this year and 4.2% next year, helped by increased tourism, the prime minister said on Tuesday. The economy in the second quarter showed a good direction, Prayuth Chan-ocha told a news conference, citing economic reports presented at a cabinet meeting. (Reporting by Satawasin Staporncharnchai and …
MANILA (Reuters) – The Philippine central bank will continue supporting the economy’s recovery despite a planned 25 or 50 basis point rate hike this month, its governor said on Tuesday. Current policy rates remain accommodative, Bangko Sentral ng Pilipinas Governor Felipe Medalla told a business forum. Policymakers will meet on August 18 to adjust its …
Philippine central bank to continue supporting economic recovery despite rate hikes Read More »
