Category Archives:
Take Five: Keep calm and raise rates
(Reuters) - The Bank of England is facing a stormy gilts market while Turkey's new governor is expected to ramp up rates sharply at central bank meetings in the week to come. There's a fresh read on t...
Jun 16, 2023
GSK says FDA extends review period for experimental drug momelotinib
(Reuters) - British drugmaker GSK Plc on Friday said the U.S. Food and Drug Administration has extended the review period for its experimental drug momelotinib, which is designed to treat anaemic pati...
Jun 16, 2023
South Korea, U.S. to hold high-level meeting on cyber security
SEOUL (Reuters) - South Korea and the United States will hold a high-level meeting on cyber security in Washington on June 20, the presidential office in Seoul said on Friday. The meeting is seen as a...
Jun 16, 2023
Euro zone needs still higher ECB rates, tighter fiscal policy -IMF
By Jan Strupczewski BRUSSELS (Reuters) - The European Central Bank should continue to raise rates to bring down inflation and euro zone governments should slash budget deficits to help it, and to crea...
Jun 16, 2023
Westpac raises Australia cash rate peak forecast to 4.6%
SYDNEY (Reuters) - Westpac on Friday lifted its forecast for Australia's cash rate peak to 4.6%, tipping quarter-point hikes in July and August, joining other major banks that are expecting higher rat...
Jun 16, 2023
U.S. hotel markets recover from the pandemic; San Francisco an outlier
By Doyinsola Oladipo NEW YORK (Reuters) - A snapshot of 15 major U.S. hotel markets shows that travel to cities is rebounding, with one notable exception: San Francisco. Several hotel activity metrics...
Jun 16, 2023
Micron nears $1 billion investment in India chip packaging plant – Bloomberg News
(Reuters) - Micron Technology Inc is close to committing at least $1 billion towards setting up a chip packaging factory in India, Bloomberg News reported on Friday. An announcement could be made when...
Jun 16, 2023
Analysis-Sweden braces for fallout from property slump
By Simon Johnson, John O'Donnell and Marie Mannes STOCKHOLM/FRANKFURT (Reuters) - Sweden's government is ready to step in to stem the fallout from a property rout if tumbling prices cause a wider cris...
Jun 16, 2023
Britain’s Tesco sticks to guidance after inflation boosts quarterly sales
LONDON (Reuters) - Tesco, Britain's biggest retailer, maintained its guidance for the year as it reported a 9% rise in underlying UK sales in its latest quarter, driven by inflation. The group, which ...
Jun 16, 2023
Bank of England set to raise rates to 4.75% as inflation slow to fall
By David Milliken LONDON (Reuters) - The Bank of England looks set to raise interest rates by a quarter point to a 15-year high of 4.75% on June 22, its 13th straight rate rise as it fights unexpected...
Jun 16, 2023
Peoria, IL, USA
68 °F Thunderstorm In Vicinity
