By Naomi Rovnick LONDON (Reuters) – If you looked at red-hot stock markets without following central banks, you could well assume interest rates are being cut. Of course, they are not. The U.S. Federal Reserve this week paused its most aggressive interest rate rise cycle in decades, but laced the decision with a warning of …
Marketmind: Stocks fight the Fed as markets still not listening Read More »
BELGRADE/SARAJEVO (Reuters) – Days of torrential downpours have caused flooding in Serbia and Bosnia, forcing authorities to declare a state of emergency in many areas on Friday, with the rain not expected to let up for another day. In Serbia, 1,300 rescuers and 22 boats were deployed to evacuate dozens of people in various locations, …
Heavy rains and floods trigger evacuations in Serbia and Bosnia Read More »
BEIJING (Reuters) – China’s fiscal revenues grew 14.9% in the first five months from a year earlier, quickening from a 11.9% rise in the first four months, data from the finance ministry showed. Fiscal spending rose 5.8% in the January-May period from a year earlier, slowing from a rise of 6.8% rise in the first …
By Jan Strupczewski BRUSSELS (Reuters) – France and Germany clashed on Friday over how to reform the European Union’s fiscal rules and both claimed they had the backing of many other EU governments in a dispute that is unlikely to be resolved before the end of the year. The fiscal rules, called the Stability and …
Germany, France clash over reform of EU fiscal rules, deal seen by end-2023 Read More »
Frankfurt (Reuters) – Die Nato-Luftwaffenübung “Air Defender” hat in dieser Woche nach Auswertung der Deutschen Flugsicherung (DFS) weniger Verspätungen ziviler Flüge verursacht als ursprünglich erwartet. “Die erste Woche der Großübung ‘Air Defender 2023’ ist ohne nennenswerte Störungen verlaufen”, teilte die DFS am Freitag mit. “Die Verspätung pro Flug lag im einstelligen Minutenbereich.” Insgesamt sei es …
Nato-Luftwaffenmanöver verursacht nur geringe Flugverspätungen Read More »
By Georgina Lee and Winni Zhou HONG KONG (Reuters) – The Hong Kong stock exchange will start offering yuan-denominated Chinese stocks from Monday in what it calls a dual counter, a scheme that is seen as part of China’s efforts to increase the yuan’s use overseas. The exchange will initially target the offerings at investors …
Explainer-What is Hong Kong’s new dual HKD/RMB share counter? Read More »
By Howard Schneider, Balazs Koranyi and Leika Kihara WASHINGTON/FRANKFURT/TOKYO (Reuters) -Two years into confronting rising inflation, the world’s top central banks are still waiting for a decisive turn in their favor, with monetary policy edging ever tighter and policymakers maintaining their pursuit of a common 2% inflation target. The European Central Bank on Thursday raised …
Central banks, waiting for relief on inflation, lean towards higher rates Read More »
Berlin (Reuters) – Die Inflationswelle im Euroraum ist trotz einer Zinserhöhungsserie der EZB noch immer nicht gebrochen. Die Verbraucherpreise stiegen im Mai binnen Jahresfrist um 6,1 Prozent, wie das Statistikamt Eurostat am Freitag mitteilte. Damit wurde eine frühere Schätzzahl bestätigt. Noch im April hatte die Teuerungsrate leicht auf 7,0 Prozent zugelegt – nach 6,9 Prozent …
Inflationsrate bleibt mit 6,1 Prozent weit über EZB-Ziel – Zinserhöhung naht Read More »
HONG KONG/BEIJING (Reuters) – Swiss agrichemicals and seeds group Syngenta’s initial public offering (IPO) application has passed a review by the listing committee of the Shanghai Stock Exchange, a filing posted on the exchange showed on Friday. The IPO still needs approval from China’s securities regulator before it can go ahead but the greenlight from …
Syngenta gets IPO greenlight from Shanghai Stock Exchange Read More »
By Samuel Shen and Georgina Lee SHANGHAI/HONG KONG (Reuters) – China’s gradual internationalisation of its currency will shift to its next leg on Monday when about two dozen Chinese companies start trading in their home currency in Hong Kong’s stock market. Hong Kong stocks such as Alibaba and Tencent are among the 24 stocks which …
China takes next step in currency globalization, with some HK stocks priced in yuan Read More »
