By Richa Naidu LONDON (Reuters) -This Valentine’s Day is set to look different after a year of record food inflation that has sent up prices of everything from flowers to chocolates and dining in restaurants. COVID-era supply chain logjams and Russia’s invasion of Ukraine have meant that Britons paid a record 16.7% more for food …
Love in a time of inflation: how much will Valentine’s Day set you back? Read More »
By Karen Lema MANILA (Reuters) -China should restrain its forces to prevent them committing any “provocative act”, the Philippine military said on Monday, after Manila accused China’s coast guard of using a laser to try to disrupt a resupply mission to troops in the South China Sea. The Philippine coast guard (PCG) said its vessel …
Philippines urges China to prevent any ‘provocative act’ after complaint over laser Read More »
By Martin Quin Pollard and Trevor Hunnicutt BEIJING/WASHINGTON (Reuters) -China said on Monday that U.S. high altitude balloons had flown over its airspace without permission more than 10 times since the beginning of 2022, drawing a swift denial from Washington. China’s accusation widened a dispute with the United States that began after the U.S. military …
White House rejects Beijing claims of U.S. balloons over China Read More »
By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – Wall Street equity indexes closed up more than 1% on Monday and U.S. Treasury yields slipped as investors bet that key U.S. economic data due out on Tuesday would show inflation is easing. The U.S. Bureau of Labor Statistics is scheduled on Tuesday to release …
Shares rise, bond yields dip ahead of U.S. inflation data Read More »
By Arpan Chaturvedi, Aditya Kalra and Jayshree P Upadhyay NEW DELHI (Reuters) – Adani Group sought to reassure investors on Monday, saying it had strong cashflows and its business plans were fully funded, as an Indian regulator confirmed it was investigating a critical report by a short-seller that has battered the group’s stocks. Led by …
India’s Adani tries to calm investors as regulator confirms probe Read More »
LONDON (Reuters) – Financial firms in Britain and the European Union remained under significant pressure to comply with diverging environmental, social and governance (ESG) rules over the past six months, KPMG’s Regulatory Barometer showed on Monday. The barometer, aimed at helping firms with compliance planning, also tracks the scale of the divergence between UK and …
ESG tops regulatory demands in finance as UK, EU rules diverge – KPMG Read More »
(Corrects title of Babatunde Ojo in paragraph seven) By Rachel Savage JOHANNESBURG (Reuters) -Voters in Nigeria go to the polls on Feb. 25 and international investors are cautiously hopeful that whoever is elected as the next president of Africa’s largest and most populous economy will be more market-friendly than the current government. While there are …
What is at stake for investors in Nigeria’s election? Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) -Britain’s FTSE 100 edged higher on Monday, supported by gains in defence stocks, while investors awaited U.S. inflation data due later in the week that could offer clues on the future monetary tightening path. The blue-chip FTSE 100 rose 0.8% to 7,947.60, hitting its record closing high, …
FTSE 100 climbs on boost from defence stocks, U.S. CPI data awaited Read More »
(Reuters) – Zambia’s finance minister criticised the prolonged nature of the country’s debt restructuring talks, the Financial Times reported on Monday, after a Chinese call for the World Bank and other multilateral lenders to offer debt relief sparked concern about further delays. In an interview with the newspaper, Situmbeko Musokotwane said that “time is of …
Zambia criticises debt restructuring delays – FT Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Monday against a weaker U.S. dollar, after hitting a three-month low earlier in the day amid concerns about persistent power cuts. At 1803 GMT, the rand traded at 17.8400 to the dollar, about 0.3% stronger than its previous close. Earlier in the day, it broke above 18 …
South African rand strengthens against weaker dollar Read More »
