By Marc Jones LONDON (Reuters) – Shares hit a two-month high and the dollar swooped towards a three-month low on…
Foxconn apologises for pay-related error at China iPhone plant after worker unrest
By Yimou Lee and Brenda Goh TAIPEI/SHANGHAI (Reuters) – Foxconn said on Thursday a pay-related “technical error” occurred when hiring…
G7 to discuss Ukraine winter aid in Bucharest next week, Germany says
BERLIN (Reuters) – Foreign ministers from the Group of Seven (G7) will discuss how to further support Ukraine in ensuring…
Analysis-Slower Fed hikes spell relief from Tokyo to Buenos Aires
By Balazs Koranyi and Karin Strohecker FRANKFURT (Reuters) – The Federal Reserve’s signalling of a slowdown in the pace of…
ECB’s Schnabel pushes back on smaller rate hikes
LONDON (Reuters) – European Central Bank board member Isabel Schnabel pushed back on Thursday against calls from many of her…
BoE won’t accept interference over interest payments to banks – Pill
By Andy Bruce and David Milliken LONDON (Reuters) -The Bank of England will not accept interference with the system of…
EU to approve Hungary’s recovery plan, hold cash until conditions met
By Jan Strupczewski BRUSSELS (Reuters) -The European Commission is likely to approve next week Hungary’s post-pandemic recovery plan to keep…
China banks pledge $162 billion in credit to developers, shares rally
By Xie Yu and Ziyi Tang HONG KONG/BEIJING (Reuters) – China’s biggest commercial banks have pledged at least $162 billion…
Euro area inflation likely near its peak, ECB’s De Guindos says
MILAN (Reuters) – Inflation in the euro area will hover around its current level over the next few months before…
ECB accounts show inflation fears justifying more rate hikes
FRANKFURT (Reuters) – European Central Bank policymakers feared that inflation may be getting entrenched at their last policy gathering so…