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Gold rush to endure through 2024 though $3,000 mark may prove elusive
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French renewable energy sector says far-right victory risks trouble for industry
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Wall St rallies, dollar drops after cooler US inflation; Fed in the wings
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EU sets duties on Chinese electric vehicles of up to 38%
Germany’s May inflation rises 2.8% on higher services prices
Date: June 12, 2024
Germany’s May inflation rises 2.8% on higher services prices By Maria Martinez BERLIN (Reuters) -German inflation rose in May due to higher services prices, the federal statistics office said on Wednesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, rose 2.8% in May from a year earlier. They had...
UK economy shows no growth in April – ONS
Date: June 12, 2024
UK economy shows no growth in April – ONS (Reuters) -A swift rebound in Britain’s economy in early 2024 came to a halt in April, driven by sharp declines in industrial and construction output in another challenging set of data for Prime Minister Rishi Sunak ahead of the July 4 election. Gross domestic product was...
Exclusive-Capital Group shakes up strategy to hit $4 trillion by 2031
Date: June 12, 2024
Exclusive-Capital Group shakes up strategy to hit $4 trillion by 2031 By Iain Withers LONDON (Reuters) – Capital Group aims to grow its fixed income business, accelerate overseas expansion and diversify away from its core equities franchise to stem client withdrawals and compete with faster-growing fund rivals, its CEO Mike Gitlin told Reuters. Over its...
Dollar calm ahead of inflation test, Fed decision
Date: June 12, 2024
Dollar calm ahead of inflation test, Fed decision By Brigid Riley TOKYO (Reuters) – The dollar steadied on Wednesday after hitting a four-week high against peer currencies overnight as market players awaited key U.S. inflation data and the Federal Reserve’s updated interest rate projections due later in the day. Ahead of those crucial events, markets...
Oil climbs on optimistic demand outlook
Date: June 12, 2024
Oil climbs on optimistic demand outlook By Emily Chow SINGAPORE (Reuters) -Oil prices ticked higher on Wednesday amid upbeat global demand views from the U.S. Energy Information Administration and OPEC, reinforced by industry data showing U.S. crude oil inventories fell more than expected last week. Brent crude futures rose 37 cents, or 0.45%, to $82.29...
Johnson & Johnson reaches $700 million talc settlement with US states
Date: June 12, 2024
Johnson & Johnson reaches $700 million talc settlement with US states By Jonathan Stempel NEW YORK (Reuters) – Johnson & Johnson has agreed to pay $700 million to settle an investigation by 42 U.S. states and Washington, D.C. into its marketing of baby powder and other talc-based products blamed for allegedly causing cancer. The settlement...