Top Stories
Top Stories
Ukraine steps up drive to retake Russian-controlled south with air strikes
Top Stories
No deal with U.S. yet on Griner swap for ‘Merchant of Death’ arms dealer -Russia
Top Stories
Germany set to impose gas levy on consumers to support ailing importers
Top Stories
Barclays’ blunders overshadow strong trading performance
BlackRock’s Li says market too optimistic on European earnings
Date: July 28, 2022
By Lucy Raitano LONDON (Reuters) – Financial markets are too optimistic on the outlook for European earnings, given growing recession risks exacerbated by an energy crisis, BlackRock Investment Institute’s global chief investment strategist said on Thursday. European equities are trading around a seven-week high at the height of earnings season, but the outlook is darkening...
Russian rouble dives to over 2-week lows as tax period ends
Date: July 28, 2022
MOSCOW (Reuters) -The Russian rouble gave up early gains on Thursday to plunge to over two-week lows in volatile trade, pressured by the end of a favourable tax period and by expectations the government may try to curb the currency’s recent strengthening. Thursday marks the deadline for income tax payments that help support the rouble....
Spanish ruling coalition proposes windfall tax on utilities and banks
Date: July 28, 2022
By Christina Thykjaer and Jesús Aguado MADRID (Reuters) – Spain’s leftist ruling coalition introduced a draft bill on Thursday to create a temporary tax on banks and power utilities, aiming to raise 7 billion euros ($7 billion) by 2024 to fund measures to ease cost of living pressures. “There is no social justice without fiscal...
Rio Tinto signs rail, port JV with China-backed consortium for Guinea’s Simandou
Date: July 28, 2022
By Praveen Menon and Helen Reid SYDNEY/JOHANNESBURG (Reuters) -Rio Tinto’s Guinea subsidiary has formed an infrastructure joint venture with Winning Consortium Simandou (WCS) and the government, paving the way for work to resume on the world’s largest undeveloped iron ore project. The joint venture (JV) for the Simandou railway and port is a milestone for...
Dollar pares gains as US growth contracts for second quarter
Date: July 28, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar pared gains on Thursday after data showed that the U.S. economy contracted again in the second quarter, fueling speculation that the Federal Reserve will not raise rates as high as previously expected. Gross domestic product fell at a 0.9% annualized rate last quarter, the Commerce Department...
Motor racing-Vettel announces retirement, says his goals have shifted
Date: July 28, 2022
By Alan Baldwin (Reuters) -Four times world champion Sebastian Vettel announced on Thursday his retirement from Formula One at the end of the season, saying his goals had changed and he wanted to focus more on family and interests outside the sport. The 35-year-old German won his titles with Red Bull from 2010-13 and spent...