Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilized after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more

Chinese warplanes buzz line dividing Taiwan Strait before expected Pelosi visit – source

Chinese warplanes buzz line dividing Taiwan Strait before expected Pelosi visit - source

TAIPEI, Aug 2 (Reuters) – US House of Representatives Speaker Nancy Pelosi was expected to arrive in Taipei later on Tuesday, people briefed on the matter said, as several Chinese warplanes flew close to the median line dividing the Taiwan Strait, a source told Reuters. China has repeatedly warned against Pelosi going to Taiwan, which … Read more

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

Staff work inside a non woven filter fabric factory, where the fabric is used to make surgical face masks, in Taoyuan, Taiwan, March 30, 2020. REUTERS/Ann Wang/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, Aug 1 (Reuters) – Factories across the United States, Europe and Asia struggled for momentum in July … Read more

On navy day, Putin says United States is main threat to Russia

On navy day, Putin says United States is main threat to Russia

Russia’s President Vladimir Putin attends a parade marking Navy Day in Saint Petersburg, Russia July 31, 2022. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register ST PETERSBURG, Russia, July 31 (Reuters) – President Vladimir Putin on Sunday signed a new naval doctrine which cast the United States as Russia’s main rival and … Read more

US House Speaker Pelosi begins Asia tour, no mention of Taiwan

US House Speaker Pelosi begins Asia tour, no mention of Taiwan

Chess pieces are seen in front of displayed China and Taiwan’s flags in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register BEIJING, July 31 (Reuters) – US House of Representatives Speaker Nancy Pelosi starts a tour of four Asian countries on Sunday, her office said, without … Read more

World stocks eye best month since late 2020, dollar slips

World stocks eye best month since late 2020, dollar slips

MSCI World index up 0.3%; nearly 6% for the month Dollar down 0.5% against a basket of major peers Markets bet US slowdown to temper rate tightening LONDON/SINGAPORE, July 29 (Reuters) – Global stocks rose on Friday, on course for their best month since late 2020 as traders bet a weakening US economy could slow … Read more

Spirit ends sale to Frontier as JetBlue talks continue

Spirit ends sale to Frontier as JetBlue talks continue

July 27 (Reuters) – Spirit Airlines Inc. (SAVE.N) canceled its $2.7 billion sale to Frontier Group Holdings Inc (ULCC.O) on Wednesday after Spirit shareholders balked at supporting it, leaving JetBlue Airways Corp (JBLU.O) with an opening to clinch a deal. The development, first reported by Reuters on Wednesday, came after Spirit pushed back a shareholder … Read more

Exclusive: Sherman, Kennedy to visit Solomons, where fathers fought and US now lives with China

Exclusive: Sherman, Kennedy to visit Solomons, where fathers fought and US now lives with China

US Deputy Secretary of State Wendy Sherman speaks during a panel with the Friends of Europe in Brussels, Belgium, April 21, 2022. REUTERS/Johanna Geron/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 24 (Reuters) – US Deputy Secretary of State Wendy Sherman and US Ambassador to Australia Caroline Kennedy plan next … Read more

Japan government approves state funeral date for Abe, plan sparks protests

Japan government approves state funeral date for Abe, plan sparks protests

A mourner offers flowers next to a picture of late former Japanese Prime Minister Shinzo Abe, who was shot while campaigning for a parliamentary election, on the day to mark a week after his assassination at the Liberal Democratic Party headquarters, in Tokyo, Japan July 15 , 2022. REUTERS/Issei Kato Register now for FREE unlimited … Read more

World shares hit three-week high on easing recession fears

World shares hit three-week high on easing recession fears

European stocks steady, US futures up 0.4% Asian stocks rise 1%, Nikkei up 2.67% Oil rallies more than $1 a barrel LONDON/BEIJING, July 20 (Reuters) – World shares hit a three-week high on Wednesday as strong US corporate earnings and the expected resumption of Russian gas supply to Europe allayed fears of a recession, though … Read more