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Oil edges higher on Russian supply concerns in volatile trade
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Britain wants to resolve post-Brexit trade row with EU quickly
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Japan intervenes to stop yen slide, after BOJ holds rates super low
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Exclusive-Credit Suisse sounds out investors about capital hike -sources
Tesla recalls nearly 1.1 million U.S. vehicles to update window reversing software
Date: September 22, 2022
By David Shepardson WASHINGTON (Reuters) -Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury. The electric vehicle manufacturer told the National Highway Traffic Safety Administration (NHTSA) that it would perform an over-the-air software update of the automatic...
Central banks raise rates again as Fed drives global inflation fight
Date: September 22, 2022
By Francesco Canepa and Howard Schneider FRANKFURT/WASHINGTON (Reuters) – Global central banks continued raising interest rates on Thursday, following the U.S. Federal Reserve in a fight against inflation that is sending shockwaves through financial markets and the economy. Japan, the outlier among major developed economies, kept interest rates steady on Thursday only to be punished...
Euro zone inflation broadening and will continue to rise, ECB’s Schnabel says
Date: September 22, 2022
LUXEMBOURG (Reuters) – Euro zone inflation is set to go higher and price growth is likely to be more persistent than earlier thought, European Central Bank board member Isabel Schnabel said on Thursday, defending the ECB’s plans to raise interest rates further. The ECB has lifted rates by a combined 125 basis points over its...
Analysis-Race to rein in strong dollar is on after Japan intervenes
Date: September 22, 2022
By Tommy Wilkes and Nell Mackenzie LONDON (Reuters) – The Bank of Japan’s intervention to prop up a freefalling yen has currency investors speculating about which central bank could move next in the face of a soaring dollar. Few think another G7 central bank would be bold enough to intervene directly as Japan did on...
Lights off, heat down: central Europe governments save power to set example
Date: September 22, 2022
By Jan Lopatka PRAGUE (Reuters) – Turning off lights, lowering thermostats and installing motion detectors are among the ways central European governments have begun energy saving, as part of efforts to trim costs and avoid shortages in the incoming heating season to address cuts in gas supplies from Russia. Central Europe is vulnerable to the...
UK midcaps at over 2-month lows after BoE hikes interest rates
Date: September 22, 2022
By Bansari Mayur Kamdar (Reuters) -UK shares fell on Thursday, with the midcap index touching the lowest in over two months on recession fears after the Bank of England joined several global central banks in hiking interest rates to tame inflation. The blue-chip FTSE 100 index closed down 1.1% at a three-week low, while FTSE...