By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending fell for a second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation continued to subside, which could give the Federal Reserve room to further slow the pace of its interest rate hikes next week. The report from …
U.S. consumer spending ends 2022 on weaker footing; inflation slowing Read More »
By Emma Farge GENEVA (Reuters) -China and the United States exchanged sharp criticism at a World Trade Organization meeting on Friday, with Beijing calling Washington a “unilateral bully” and the U.S. accusing its rival of illegal retaliatory measures. China’s ambassador to the WTO Li Chenggang spoke at a meeting on trade disputes shortly after the …
LONDON (Reuters) -A prominent Russian businessman cannot pause an $850 million fraud lawsuit brought by two Russian banks despite one of the banks being subject to British sanctions, the High Court in London ruled on Friday. Boris Mints and his sons Dmitry, Alexander and Igor are being sued by National Bank Trust, which is 99% …
By Seher Dareen (Reuters) – Gold slipped on Friday as the dollar gained some ground in the wake of U.S. economic data, with investors still trying to pin down the Federal Reserve’s likely move on interest rates next week. Spot gold fell 0.2% to $1,925.99 per ounce by 11:05 a.m. ET (1605 GMT), giving up …
Gold dips as dollar gains after U.S. data; focus shifts to Fed Read More »
(Reuters) – Shares of India’s Adani Enterprises sank nearly 20% on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate’s listed firms, casting doubts on how investors will respond to the company’s record $2.45 billion secondary sale. Seven listed companies of the Adani conglomerate – controlled by one …
By Sarah Young LONDON (Reuters) – Shares in Rolls-Royce fell as much as 4% on Friday after its new CEO warned staff the aerospace company, Britain’s premier blue-chip engineering group, was a “burning platform”. According to the Financial Times, Tufan Erginbilgic told staff at Rolls-Royce’s main British site in Derby, central England, that the company’s …
Rolls-Royce slumps as new CEO warns of ‘last chance’ to change Read More »
By Tom Käckenhoff and Christoph Steitz DUESSELDORF (Reuters) -Uniper employees would oppose a break-up of Germany’s biggest gas importer, a labour leader said in an interview published on Friday, after the idea was floated in a discussion paper regarding the nationalised company’s future. Uniper was told to sell assets last year in exchange for European …
Uniper employees would oppose a break-up, labour boss says Read More »
LONDON (Reuters) – Britain’s competition and aviation regulators have warned airports not to share confidential information and breach competition law, following a tip off that they were doing so. The Competition and Markets Authority and the Civil Aviation Authority on Thursday publicly shared a letter sent to airport operators after receiving intelligence about information sharing. …
Britain warns its airports over competition law after tip-off Read More »
By Tom Balmforth and Ivan Lyubysh-Kirdey KYIV (Reuters) -Ukraine on Friday battled Russian troops trying to pierce its lines in the east and northeast before Kyiv takes delivery of tanks from its Western allies, saying the fighting showed it needed more weapons to repel the invaders. Kyiv said fierce battles were under way, a day …
Ukraine says fighting fierce after tank pledges, seeks more arms Read More »
By William Schomberg and Andy Bruce LONDON (Reuters) -Finance minister Jeremy Hunt pushed back against talk of a decline in Britain on Friday, promising that Brexit would catalyse a new age of growth for an economy that has increasingly lagged behind its peers. Hunt, who steadied financial markets after the turmoil of former prime minister …
‘Stop declinist talk’, UK’s Hunt pledges to boost growth Read More »
