Europe’s banks flash some good news but downbeat on economy
By Tom Sims and Sinead Cruise FRANKFURT/LONDON – European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of …
But
N.Korea’s economy shrinks for two straight years but pace of slowdown eases -S.Korea central bank
By Soo-hyang Choi SEOUL – North Korea’s economy shrank in 2021 for a second straight year after suffering its biggest contraction in more than two …
Analysis: Tunisia’s Saied savours near total power but faces looming economic tests
By Tarek Amara and Angus McDowall TUNIS – By ramming through his new constitution, President Kais Saied has cemented his role as master of Tunisia, …
Russia raps Israel on Ukraine but plays down Jewish Agency court case
By Dan Williams JERUSALEM -Russia criticised Israel’s stance on the war in Ukraine but said on Tuesday that a dispute over a Jewish emigration agency …
Taiwan Q2 GDP to gain from chip exports, but face COVID headwinds – Reuters poll
TAIPEI – Taiwan’s trade-reliant economy is expected to have expanded on the back of strong global demand for computer chips, though COVID-19 lockdowns in top …
U.S. weighs jets for Ukraine but not near-term, White House says
WASHINGTON – The U.S. Department of Defense is considering whether it can send fighter jets to Ukraine in the future, a White House spokesman told …
Airbus mulls fighter options but focuses on FCAS – CEO
By Tim Hepher FARNBOROUGH, England – Europe’s Airbus, locked in a dispute with Dassault Aviation over the next stage of a Franco-German-Spanish fighter project, is …
US Army Abandons Recruitment Goals, But Not Its Woke Policies
US Army Abandons Recruitment Goals, But Not Its Woke Policies Micaela Burrow on July 20, 2022 The Army cut its force size projections for 2022 …
Italian PM Draghi wins confidence vote, but three parties snub motion
ROME – Italian Prime Minister Mario Draghi won a confidence motion in the upper house Senate on Wednesday, but three main coalition parties refused to …
Protesters sombre after Wickremesinghe’s win in Sri Lanka, but some vow to fight on
By Alasdair Pal COLOMBO – Sri Lanka’s imposing presidential secretariat which was stormed by a sea of protesters in early July, forcing out then incumbent …
Big UK firms gird for a recession but still plan to invest-Deloitte
LONDON – Major British firms are preparing for a recession by focusing on cost-cutting but their investment plans remain strong which suggests they do not …
KKR has no plans to lead Toshiba bid, but could join a deal – sources
By Makiko Yamazaki, Scott Murdoch and Kane Wu TOKYO/HONG KONG – KKR & Co does not plan to lead a bid for Japanese conglomerate Toshiba …
EasyJet CEO: We’ve stabilised operations but melting runways don’t help
FARNBOROUGH, England – The chief executive of EasyJet said the low-cost airline had stabilised it flight operations after cutting its summer schedule last month, but …
Privately issued but regulated digital currencies have benefits -cbank chiefs
By Alun John (Reuters) -Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, …
SAS and striking pilots closer to deal but issues remain, mediator tells E24
STOCKHOLM – Crisis-hit airline SAS and unions have made progress on a new savings deal to end a 13-day pilots’ strike, but significant issues have …
NYC Paid Teachers Millions For Failing ‘Biased’ Licensing Tests. But The Reasons Don’t Add Up
NYC Paid Teachers Millions For Failing ‘Biased’ Licensing Tests. But The Reasons Don’t Add Up Reagan Reese on July 15, 2022 Thousands of black and …
Yellen sees some use for forex intervention, but not for competitive advantage
NUSA DUA, Indonesia – Emerging markets and low-income countries may benefit in some cases from capital flow management and foreign exchange intervention, but should not …
U.S. producer prices accelerate in June, but underlying inflation slowing
WASHINGTON – U.S. producer prices increased more than expected in June amid rising costs for energy products, but underlying producer inflation appeared to have peaked. …
Bank of Canada again hikes inflation forecast, eyes slower growth but no recession
OTTAWA, July 13 (Reuters)- The Bank of Canada on Wednesday dramatically upped its near-term inflation forecasts and said there was an increased risk of higher …
Biden: June inflation figures “unacceptably high” but out-of-date
WASHINGTON – U.S. President Joe Biden said June inflation figures were “unacceptably high” but also said they were out of date given the recent drop …
U.S. recession risk up, but returns set to improve – Vanguard
By Davide Barbuscia NEW YORK – Vanguard Group, the world’s second-biggest asset manager, said on Wednesday the U.S. economy had a growing chance of falling …
Shareholder ESG support down but not out, researchers say
By Ross Kerber (Reuters) – Average support for shareholder resolutions on environmental, social and governance (ESG) topics at U.S. companies dipped to 26.6% this year …
France sees weeks to save Iran nuclear deal, but U.S. sets no deadline
By John Irish and Arshad Mohammed PARIS/WASHINGTON -France’s new foreign minister said on Tuesday there were only a few weeks to revive Iran’s 2015 nuclear …
EURO HYPOCRISY: Leaders Condemn Roe Reversal But Have Stricter Abortion Laws Themselves
EURO HYPOCRISY: Leaders Condemn Roe Reversal But Have Stricter Abortion Laws Themselves Max Keating on July 8, 2022 Members of the European Parliament voted to …
Moody’s cuts Mexico’s credit rating by one notch, but improves outlook
MEXICO CITY – Moody’s Investors Service on Friday cut Mexico’s credit rating by one notch as it expects weak investment prospects and increased structural rigidities …
Exclusive-Peru’s Las Bambas copper mine revives after protest; but deal talks stall – data, sources
By Marco Aquino and Adam Jourdan LIMA – Copper output at Peru’s huge Las Bambas mine has returned to normal levels after a two-month shutdown …
Ukraine says Western weapons making a difference, but needs more
By Tom Balmforth and David Gauthier-Villars KYIV – The Western supply of high-precision weapons is helping Ukraine slow down Russia’s invasion, but the volumes of …
Bye bye Boris: UK PM Johnson bows out with regrets but no apologies
By Alistair Smout LONDON – Boris Johnson emerged to cheers from loyal lawmakers, his staff and wife but any sign of support from allies arranged …
Brazil real to firm, but pre-election fiscal loosening seen as risk – Reuters poll
By Gabriel Burin BUENOS AIRES – Brazil’s real is expected to firm over the next 12 months but will come under growing pressure from planned …
Israel finance ministry trims GDP forecasts but sees surge in tax income
By Steven Scheer JERUSALEM -Israel is on track to collect 45.5 billion shekels ($13 billion) more than initially expected in revenue in 2022, the Finance …
Brazil’s industrial output rises in May but below estimates
By Gabriel Araujo and Camila Moreira SAO PAULO – Industrial output in Brazil rose 0.3% in May from April, government statistics agency IBGE said on …
Independence Day but no fireworks for markets
A look at the day ahead in markets from Sujata Rao. Americans shopping for July 4 barbecues will pay an average 17% more than last …
MILLOY: SCOTUS Has Crippled Biden’s EPA, But There’s Only One Way To Stop Them For Good
MILLOY: SCOTUS Has Crippled Biden’s EPA, But There’s Only One Way To Stop Them For Good Steve Milloy on June 30, 2022 The Supreme Court …
Marketmind: End of H1 but expect no relief
A look at the day ahead in markets from Sujata Rao. The good news is the 2022 first-half is behind us — just looking at …
Austria’s WIFO revises up 2022 forecast but warns economy losing steam
BERLIN – Austria’s economic recovery is losing steam, the WIFO institute said on Thursday, even as its outlook for 2022 improved. Austrian gross domestic product …
Russia’s jobless rate falls to record low but economic hurdles mount
MOSCOW – Russia’s unemployment rate dropped to a record low in May but industrial output fell and consumer demand, measured by retail sales, waned after …
Death of Nelsonville Man Ruled Suicide, But Charges Filed Against Friend Who Gave Gun
ATHENS, OH – Police in Athens closed a yearlong investigation after determining Kyle Bridgeman, a 30-year-old who left his home to buy a video game …
France cuts growth outlook, but sticks to budget target – ministry
PARIS – France’s government cut its growth outlook sharply on Tuesday but kept its budget deficit forecast steady despite billions of extra spending on anti-inflation …
Fed’s Daly: growth will slow, but don’t expect economy to shrink
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Tuesday said she believes the U.S. economy will slow to below 2% annual growth …
China’s economy recovering but foundation not solid, premier says
BEIJING -China’s economy has recovered to some extent, but its foundation is not solid, state media on Tuesday quoted Premier Li Keqiang as saying. China …
Italy’s De Nora delivers on IPO, but prices at bottom of range
MILAN – Industrie De Nora will become the first company to debut on Italy’s main market since Russia’s invasion of Ukraine derailed new listings, though …
Spot Australian thermal coal has surged, but contract price is key: Russell
By Clyde Russell LAUNCESTON, Australia – The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights …
Spain leads EU pandemic funding race, but obstacles remain
MADRID – Spain, which was the first European Union country to receive a first tranche of pandemic recovery funding, on Monday was also the first …
Phil Murphy Wants Your Guns, But Not So Tough on Illegal Guns in the Hands of Criminals
TRENTON, NJ – In light of the Supreme Court ruling that removed New Jersey’s unconstitutional requirement to show justification for a concealed carry gun permit, …
Above His Paygrade, But Phil Murphy Promises to Thwart Constitutional Conceal Carry Decision
TRENTON, NJ – New Jersey Governor Phil Murphy openly admits the U.S. Constitution is above his pay grade, but when it comes to the rights …
German economy nervous, but no sign of recession for now – Ifo economist
BERLIN – Angst is growing in the German economy, Europe’s largest, but as yet there are no signs of recession, Ifo economist Klaus Wohlrabe told …
Brick’s Royal Farms is Finally Going to Open, But When?
BRICK TOWNSHIP, NJ – If you live in Brick, you’re probably thinking Royal Farms is never going to open. It seems like it’s been ready …
US Relies On One Country For Key Materials In Defense Production — But There’s A Problem
US Relies On One Country For Key Materials In Defense Production — But There’s A Problem Micaela Burrow on June 21, 2022 The U.S. depends …
Toledo Group Home Resident Still Missing One Year Later, But Search Continues
TOLEDO, OH – A man who went missing from a Toledo group home one year ago today remains missing, but relatives and the Toledo Police …
Bank Indonesia to hold rates in June but start hiking next quarter
By Arsh Tushar Mogre and Shaloo Shrivastava BENGALURU -Bank Indonesia will leave its key interest rate steady at 3.50% on Thursday but over one-quarter of …