By Andy Bruce LONDON (Reuters) – Promises of tax cuts from candidates to succeed British Prime Minister Boris Johnson pose another inflationary risk which could pressure the Bank of England to raise interest rates more aggressively, cancelling out any …
Oil steadies as China COVID fears face tight supply concerns
By Scott DiSavino NEW YORK (Reuters) – Oil prices were little changed on Monday as markets balanced an expected drop in demand due to mass testing for COVID-19 in China against ongoing concerns over tight supply. Brent futures for September delivery g…
Asia shares open gingerly on U.S. inflation, earnings season
By Wayne Cole SYDNEY (Reuters) – Asian shares started cautiously on Monday as investors braced for a U.S. inflation report that could force another super-sized hike in interest rates, and the start of an earnings season where profits could be under pre…
Dufry to acquire Italy’s Autogrill
(Reuters) -Dufry said on Monday it will acquire Italian airport and motorway caterer Autogrill, expanding the Swiss duty-free retailer’s growth opportunities in international markets. Italy’s Benetton family – the largest investor in Autogrill through …
IMF’s Georgieva warns against ‘complacency’ on global debt problems
By Andrea Shalal (Reuters) – IMF Managing Director Kristalina Georgieva is pushing China and other Group of 20 economies to speed up debt relief for a growing number of heavily indebted countries, warning that failure to do so could unleash a damaging …
Brazil party official shot dead as pre-election political violence escalates
SAO PAULO (Reuters) – A local official from Brazil’s leftist opposition Workers’ Party (PT) was shot dead on Saturday by a federal prison guard shouting support for right-wing President Jair Bolsonaro, according to a state civil police report and a wit…
Danske cuts profit outlook due to challenging financial market conditions
(Reuters) – Danske Bank on Sunday reduced its full-year net profit outlook, hurt by rapidly rising interest rates and unfavorable financial market conditions. Danske revised net profit to 10 billion to 12 billion Danish crowns ($1.64 billion) from the …
Ukraine and Russia: What you need to know right now
(Reuters) – Ukraine’s President Volodymyr Zelenskiy sacked the head of the country’s domestic security service and state prosecutor, citing hundreds of cases of alleged treason and collaboration with Russia, as Moscow appeared set to step up military o…
Ukraine tells residents to leave occupied south due to counter-attack plans
By Max Hunder KYIV (Reuters) – Ukraine’s deputy prime minister on Sunday urged civilians in the Russian-occupied southern region of Kherson to urgently evacuate as Ukraine’s armed forces were preparing a counter-attack there. Ukraine lost control of mo…
Cricket-Yadav’s sparkling ton in vain as England earn consolation win
NOTTINGHAM, England (Reuters) – Suryakumar Yadav’s brilliant century proved to be in vain as England beat India by 17 runs on Sunday to earn a consolation victory in the Twenty20 series which the touring side won 2-1. Chasing 216, India made a poor sta…