Category Archives:
Insured losses from Maui wildfires at least $1 billion – Moody’s
LONDON (Reuters) - Moody's Investors' Service said on Tuesday that estimated insured losses from wildfires on Maui in Hawaii will be at least $1 billion. More than 2,000 structures were damaged or des...
Aug 15, 2023
Russian central bank hikes rates by 350 bp to 12% in extraordinary meeting
MOSCOW (Reuters) - Russia's central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate move to try and halt the rouble's weakening past 100 to the dollar after a...
Aug 15, 2023
European shares dip as real estate falls offset retail gains
(Reuters) - European shares inched lower on Tuesday as declines in real estate stocks amid rising bond yields offset gains in retailers, led by Britain's Marks & Spencer as it raised its profit outloo...
Aug 15, 2023
India’s Ola Electric launches its most affordable e-scooter
By VarunVyas Hebbalalu and Riddhima Talwani POCHAMPALLI, TAMIL NADU (Reuters) - Ola Electric, India's largest maker of electric scooters, launched its most affordable ride on Tuesday, in an effort to ...
Aug 15, 2023
UK grocery inflation continues to cool, rain dampens demand – Kantar
By James Davey LONDON (Reuters) - British grocery inflation eased for a fifth straight month in August while wet weather dented sales growth, industry data showed on Tuesday. Market researcher Kantar ...
Aug 15, 2023
El Nino call likely between Sept to Nov, Australian weather bureau says
SYDNEY (Reuters) - Australia's weather bureau said on Tuesday the El Nino weather event, associated with hotter, drier weather, was likely to hit during the southern hemisphere spring, between Septemb...
Aug 15, 2023
UK basic wage growth hits record, adding to Bank of England’s worries
LONDON (Reuters) -Basic wages in Britain surged to hit a new record growth rate, figures showed on Tuesday, adding to worries for the Bank of England about long-term inflation pressures even after 14 ...
Aug 15, 2023
Japan’s Suzuki: Not targeting absolute levels on FX intervention
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Tuesday that authorities are not targeting absolute currency levels when it comes to intervening in the market. ...
Aug 15, 2023
Sterling rises as UK basic wage growth hits record high
LONDON (Reuters) - Sterling rose on Tuesday after data showed British wages grew at a record pace in the second quarter, adding to the Bank of England's worries about inflation. The pound was last 0.2...
Aug 15, 2023
Britain’s M&S raises profit outlook after strong trading
(Reuters) -British retailer Marks & Spencer raised its profit outlook on Tuesday, saying it was continuing to win market share in both its clothing & home and food businesses. The group said it now ex...
Aug 15, 2023
Peoria, IL, USA
64 °F Partly cloudy
