By Karen Brettell NEW YORK (Reuters) – The dollar hit a three-month month high against a basket of currencies on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is likely to raise rates more than previously expected and warned that the process of getting inflation back to 2% has “a long …
Dollar jumps as Powell flags higher terminal rate Read More »
By Bharat Gautam (Reuters) – Gold prices fell more than 1% on Tuesday, as the dollar jumped after Federal Reserve Chair Jerome Powell indicated rate hikes could come at a faster pace from the U.S. central bank in his testimony to a congressional committee. Spot gold was down 1.8% at $1,813.11 per ounce by 1:54 …
Gold down over 1% after Powell’s hawkish testimony boosts dollar Read More »
(Reuters) – Britons aged over 75 and those in care homes will be offered COVID-19 booster shots in spring, Britain’s vaccine advisers said on Tuesday. The Joint Committee on Vaccination and Immunisation (JCVI)said in January that plans should be made to offer COVID-19 booster vaccination programmes in spring and autumn this year to those at …
Britons aged over 75 to be offered COVID-19 booster shot in spring Read More »
By Johann M Cherian and Shristi Achar A (Reuters) -Britain’s FTSE 100 closed down on Tuesday after hawkish comments from U.S. Federal Reserve Chair Jerome Powell spurred risk-off moves globally, but weakness in the pound limited losses in the exporter-heavy index. The FTSE 100 slipped 0.1% and the mid-cap FTSE 250 fell 0.5%. The pound …
UK stock indexes close down after Powell’s hawkish remarks Read More »
JOHANNESBURG (Reuters) – South Africa’s rand extended its losses against the U.S. dollar on Tuesday after new data showed the economy contracted more than expected in the last quarter of 2022. At 1546 GMT, the rand traded at 18.5300 to the dollar, about 1.5% weaker than its previous close, and the lowest it has been …
South African rand extends losses after Q4 GDP slump Read More »
By Davide Barbuscia NEW YORK (Reuters) – Spooked by a flurry of hotter-than-expected U.S. economic and inflation data last month, investors are reviving trading strategies that bet on a higher peak in interest rates. The recalibration in inflation expectations has led some investors to bet on a policy rate of 6% or even higher. Risk …
Analysis-Investors revive inflation trades as 6% Fed rate risk grips Wall Street Read More »
By Hyunsu Yim SEOUL (Reuters) -South Korean tech group Kakao launched a 1.25 trillion won ($962 million) offer for K-pop agency SM Entertainment on Tuesday, escalating a takeover battle with BTS manager HYBE, whose proposal did not win enough support from SM investors. The offer sent SM shares up nearly 15% to 149,200 won on …
S.Korea’s Kakao makes $962 million tender offer for K-pop agency SM Read More »
By Liz Hampton and Erwin Seba (Reuters) – U.S. energy executives and top OPEC officials on Monday discussed concerns about a lack of spare oil production capacity at a private dinner on the sidelines of a Houston conference, an executive who attended said. The dinner with shale producers and OPEC officials continued a tradition that …
CERAWEEK-OPEC, US energy executives discuss tight capacity at Houston huddle Read More »
(Reuters) – Meta Platforms Inc will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on Monday, only a few months after the Facebook-parent reduced more than 11,000 people from its workforce. The new round of job cuts is being driven by financial targets and is …
Meta plans to cut thousands of jobs as soon as this week – Bloomberg News Read More »
By Ben Blanchard and Ryan Woo TAIPEI/BEIJING (Reuters) – Taiwan will not allow “repeated provocations” from China, the island’s defence minister said on Tuesday, as China’s foreign minister said Taiwan was the “first red line” that must not be crossed in Sino-U.S. relations. Tensions over democratically governed Taiwan, which China views as its own territory, …
Taiwan warns of China’s ‘repeated provocations’, China tells U.S. not to cross red line Read More »
