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

Parts of Australia’s Great Barrier Reef show highest coral cover in 36 years

Parts of Australia's Great Barrier Reef show highest coral cover in 36 years

MELBOURNE/SYDNEY, Aug 4 (Reuters) – Two-thirds of Australia’s Great Barrier Reef showed the largest amount of coral cover in 36 years, but the reef remains vulnerable to increasingly frequent mass bleaching, an official long-term monitoring program reported on Thursday . The recovery in the central and northern stretches of the UNESCO world heritage-listed reef contrasted … 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

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

Australian inflation speeds to 21-year high, peak still to come

Australian inflation speeds to 21-year high, peak still to come

Q2 CPI rises 1.8% q/q, 6.1% y/y just under forecasts Core inflation up record 4.9% y/y vs RBA target of 2-3% RBA seen hiking 50bps next week, less chance of 75bps SYDNEY, July 27 (Reuters) – Australian inflation sped to a 21-year high last quarter and is likely to accelerate even further as food and … 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

Ford announces series of deals to accelerate EV push

Ford announces series of deals to accelerate EV push

Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, US April 26, 2022. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register DETROIT, July 21 (Reuters) – Ford Motor Co. (FN) on Thursday announced … 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