ECB needs to keep interest rates ‘sustainably high’ to combat inflation – Lagarde
MADRID (Reuters) – The European Central Bank needs to keep interest rates high to curb inflation in the medium term, its preside..
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Oil rebounds on fading risk of U.S. debt default
LONDON (Reuters) -Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimisti..
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Siemens Energy close to selling stake in Windar Renovables – source
(Reuters) – Siemens Energy is close to striking a deal to sell Siemens Gamesa’s 32% stake in Windar Renovables, a source c..
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Stocks reach one-month high on U.S. debt ceiling hopes
LONDON, SINGAPORE (Reuters) -Global shares rose to a one-month high and the dollar trounced major currencies on Friday as markets refl..
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Allianz Trade Secures Seventh Consecutive Win as Best Trade Credit Insurance Company Asia Pacific at the 2023 Global Banking & Finance Awards®
Allianz Trade cements its leadership in Trade Credit Insurance, clinching top honors at the Global Banking & Finance Awards® 2023..
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UK’s Nationwide to pay 340 million pounds to customers after profit leap
LONDON (Reuters) -British lender Nationwide will pay its customers 340 million pounds ($429 million) through payments to their current..
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Japan’s inflation stays above BOJ’s target, key gauge hits four-decade high
TOKYO (Reuters) -Japan’s core consumer inflation stayed well above the central bank’s 2% target in April and a key index s..
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Wall Street gains, dollar climbs on solid data, debt ceiling progress
NEW YORK (Reuters) -Wall Street turned higher and the dollar reached a seven-week peak on Thursday as discount retail giant Walmart In..
Finance
Ripple buys crypto custody firm Metaco for $250 million
(This May 17 story has been corrected to clarify that the token is called XRP, not Ripple, in paragraph 9) LONDON (Reuters) – U...
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Burberry shares drop as weak US demand overshadows China rebound
LONDON (Reuters) -British luxury fashion brand Burberry on Thursday reported stronger-than-expected fourth quarter sales driven by a r..
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