Fed Seen Sharpening Rate Hikes To Smother Searing Inflation
Stubbornly hot U.S. inflation is fueling bets that the Federal Reserve will get more aggressive in its bid to cool price pressures, with chances of a jumbo-sized interest rate hike seen rising and the policy rate expected to top 3% by year end.
At Asia Security Summit, Japan Vows To Boost Regional Security Role
Japan's Prime Minister Fumio Kishida pledged on Friday to boost its regional security presence to counter multiple threats, from China's expansion in the South China Sea to North Korea's nuclear missile programme.
U.S., Dominican Republic To Work On Better Labor Law Enforcement In Dominican Sugar Sector
The United States and the Dominican Republic on Friday said they would form a technical working group to help improve labor law enforcement in the Dominican sugar sector amid concerns voiced by U.S.
Netflix Shares Slide As Goldman Downgrades On Grim Economic Picture
Netflix Inc shares fell 5% on Friday after Goldman Sachs downgraded the streaming pioneer over risks of slower consumer spending and tough competition from Amazon and Walt Disney Co.
The Sea Mines Floating Between Ukraine's Grain Stocks And The World
As the United Nations tries to broker a path for grain from Ukraine and temper worries about a global food crisis, hundreds of mines laid along the Black Sea present a practical nightmare that will take months to resolve even after any agreement.
Analysis-The Sea Mines Floating Between Ukraine's Grain Stocks And The World
As the United Nations tries to broker a path for grain from Ukraine and temper worries about a global food crisis, hundreds of mines laid along the Black Sea present a practical nightmare that will take months to resolve even after any agreement.
Czech Finance Minister Outlines Plan To Let Firms To Pay Taxes In Euros, Look At More Euro Debt
The Czech government's plan to let companies pay taxes in euros from 2024 will enable the state to raise its borrowing in euros and it expects "low tens of percent" of firms to make the switch, Finance Minister Zbynek Stanjura told Reuters.
Explainer-What Does A Diplomatic Row Mean For Spain's Algerian Energy Supplies?
Algeria suspended a 20-year friendship treaty with Spain this week and moved to limit trade with its northern neighbour, raising more questions about the potential impact on the long-established gas business between the two countries.
Trump's Air Force One Paint Scheme Scrapped By Biden
The Biden administration will scrap a paint scheme for Air Force One proposed by former President Donald Trump, after the Air Force determined the design would create too much heat for the presidential aircraft, a U.S.
Exclusive-Russia's State-owned RNRC To Reinsure Russian Oil Shipments, Sources Say
State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot's fleet, after Western insurance firms withdrew cover for Russian shipowners, three people familiar with the matter told Reuters.
Exclusive-Czech Minister Plans Lower 2023 Deficit To Keep Fiscal Plans On Track
The Czech Republic's finance minister told Reuters he aimed to keep next year's budget deficit target below this year's plan - after a report last week showed a higher gap - to help bring the fiscal gap within EU limits by 2024.
ECB Bond Reinvestments No 'Panacea' For Southern European Debt, UBS Warns
Gearing reinvestments of pandemic-era bond purchases back into stressed markets may not be enough to prevent unmanageable divergences in borrowing costs across the euro area as the ECB hopes after ending its bond buying, UBS warned on Friday.
US Inflation Skyrockets, Piling Pressure On Biden
US inflation skyrockets, piling pressure on Biden
Germany Pledges Medical Aid To Ukraine
Germany will help Ukraine provide medical help for war victims by helping build trauma centres for the wounded, donating prosthetic limbs and deploying German doctors to the country, Health Minister Karl Lauterbach said on Friday.
Uvalde Schools Police Chief Says He Did Not Consider Himself Incident Commander
Uvalde schools police chief Pete Arredondo said he never considered himself the incident commander of the scene of last month's school shooting in Texas that killed 19 children and two teachers, and that he did not order police to hold back on breaching the building.
Hit By War, Ukraine Toy Maker Back In Business
Hit by war, Ukraine toy maker back in business
Canada Jobless Rate Hits Record Low, Bolstering Case For 75-bps Rate Hike
Canada's jobless rate inched down to a new record low after adding more jobs than expected in May, and wage growth picked up steam, official data showed on Friday, bolstering the case for an even larger rate increase next month by the central bank.
Biden Promised Bolsonaro U.S. Would Reconsider Tariffs On Brazil Steel -sources
U.S. President Joe Biden has promised his Brazilian counterpart Jair Bolsonaro the United States will reconsider tariffs levied on Brazilian steel as they met on Thursday, two Brazilian government sources said.
Biden Promised Bolsonaro U.S. Would Reconsider Tariffs On Brazil Steel - Brazil Govt Sources
U.S. President Joe Biden has promised his Brazilian counterpart Jair Bolsonaro the United States will reconsider tariffs levied on Brazilian steel as they held a bilateral meeting on Thursday, two Brazilian government sources said.
'Girls' Education Is A Climate Solution': Malala Yousafzai Joins Climate Protest
The fight against climate change is also a fight for the right to education of girls, millions of whom lose access to schools due to climate-related events, Nobel Peace Prize laureate Malala Yousafzai told Reuters on Friday.
U.S. Pledges More Visas For Cubans, Haitians At Summit Of The Americas
The Biden administration will spend $314 million to support Venezuelan migrants across the Western Hemisphere and restart programs allowing some Cubans and Haitians to reunite with family members in the United States, U.S.
U.S. Summit Plan Eyes Better Job And Legal Conditions For Migrants
Signatories to a declaration at the U.S.-hosted Summit of the Americas on Friday will pledge to expand temporary work programs for migrants and improve their legal options as the region works to manage record levels of migration, U.S.
Sri Lanka Tycoon Dhammika Perera To Replace President's Brother In Parliament
One of Sri Lanka's richest businessmen will replace the president's brother in parliament, a ruling party official said on Friday, as the cash-strapped country moves forward on talks for a bailout plan with the International Monetary Fund (IMF).
Pope Cancels Africa Trip, Raising Concerns For Future Mobility
Pope Francis' trip to Africa next month has been cancelled because of the 85-year-old pontiff's knee ailment, the Vatican said on Friday, raising questions about his ability to walk during the rest of his papacy.
Knee Problem Forces Pope Francis To Cancel July Africa Trip
Pope Francis' July 2-7 trip to Democratic Republic of Congo and South Sudan has been cancelled because of the 85-year-old pontiff's knee ailment, the Vatican said on Friday.
Exclusive-Former Amazon India Seller Says Antitrust Raid Illegally Detained Employees
A former top seller for Amazon in India, Cloudtail, has accused India's antitrust agency of illegally detaining its employees during a raid over suspected competition law violations, court documents seen by Reuters show.
Biden Leads Americas Pledge On Migration After Contested Summit
Biden leads Americas pledge on migration after contested summit
Indonesia Armed Forces Chief Investigating Report Navy Asked For Payment To Release Tanker
Indonesia's head of the armed forces said on Friday that he is investigating a Reuters report that navy officers asked for a payment of $375,000 to release a fuel tanker detained last week on suspicion of anchoring illegally in its waters.
Wall St Unnerved As Hot Inflation Sparks Fears Of More Combative Fed Policy
U.S. stock indexes slid on Friday as consumer prices rose more than expected in May, dashing hopes that inflation is peaking and fanning worries about more aggressive steps by the Federal Reserve to tame it.
Wall St Set To Fall 1% As Rising Gas Prices Keep Inflation High
U.S. stocks were set to open sharply lower on Friday as consumer prices rose more than expected in May, dashing hopes that inflation is peaking and fanning worries about more aggressive steps by the Federal Reserve to tame it.