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Stocks, dollar slip ahead of Fed decision on rates
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Teva Pharm sees lower 2024 profit after large Q4 beat
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Iceland builds defences for a future of increased volcanic activity
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German inflation eases to 3.1% in January
Sterling slips versus dollar before BoE and Fed meetings
Date: January 31, 2024
Sterling slips versus dollar before BoE and Fed meetings By Samuel Indyk LONDON (Reuters) – Britain’s pound was falling against a stronger dollar on Wednesday ahead of policy announcements by both the Bank of England and Federal Reserve over the next two days. The pound was last down 0.2% against the dollar to $1.2671, and...
Five ways the BoE could signal a change in rates stance
Date: January 31, 2024
Five ways the BoE could signal a change in rates stance By William Schomberg LONDON (Reuters) – The Bank of England is expected to offer a first hint on Thursday that it is tentatively moving towards cutting interest rates, having raised them to their highest since 2008 over the past couple of years. Governor Andrew...
Boeing execs stand by 2025-26 financial guidance; near-term focus is safety
Date: January 31, 2024
Boeing execs stand by 2025-26 financial guidance; near-term focus is safety By Valerie Insinna and Abhijith Ganapavaram (Reuters) -Boeing Co executives on Wednesday stood by their financial targets for 2025-2026 and said the company is working hard to regain the confidence of regulators and customers after a mid-air cabin-panel blowout on a 737 MAX aircraft,...
Industry pain abounds as electric car demand hits slowdown
Date: January 30, 2024
Industry pain abounds as electric car demand hits slowdown By Nick Carey and Joseph White (Reuters) – While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies, scrapped initial public offerings and production cuts. Investment in capacity and technology development has outrun actual...
Dollar mixed in tight trading range before Fed statement
Date: January 30, 2024
Dollar mixed in tight trading range before Fed statement By Karen Brettell NEW YORK (Reuters) – The dollar edged lower against the euro and higher against the yen on Tuesday, but failed to find strong direction ahead of the conclusion of the Federal Reserve’s two-day meeting. The U.S. central bank is expected to leave rates...
ECB hints at greener monetary policy in new climate plan
Date: January 30, 2024
ECB hints at greener monetary policy in new climate plan FRANKFURT (Reuters) – The European Central Bank on Tuesday hinted it could make its monetary policy greener as part of a new push to take climate change into account in its work. Some activists have been calling for years for the ECB to attach climate...