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BoE’s Pill warns big rate rises risk roiling markets
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Suspect in Chicago-area parade shooting due in court to face 7 counts of murder
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Amazon teams up with Just Eat on U.S. food delivery with Grubhub investment
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European shares climb on easing energy worries as Norway strike ends
UK construction activity slowest in nine months -PMI
Date: July 6, 2022
By David Milliken LONDON (Reuters) – Activity in Britain’s construction sector slowed sharply last month, with the weakest expansion since September 2021, as fears for the economic outlook caused house-building to contract for the first time since early in the COVID-19 pandemic. The S&P Global Purchasing Managers’ Index (PMI) for the construction sector dropped to...
Global markets steady but recession fears remain
Date: July 6, 2022
By Tom Wilson, Sam Byford and Tom Westbrook LONDON/SINGAPORE/TOKYO (Reuters) – Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above $100 a barrel following a near 10% plunge a day earlier. The single currency traded at $1.025, a fraction above its weakest...
Pilot strike grounds more SAS flights as Chapter 11 court date nears
Date: July 6, 2022
STOCKHOLM (Reuters) – Scandinavian airline SAS headed into the third day of a crippling pilot strike, cancelling well over half its flights on Wednesday, as it geared up for the first court date in its bankruptcy proceedings later in the week. The carrier, whose biggest owners are the Swedish and the Danish states, filed for...
BoE will do what it takes to tackle inflation risks, Cunliffe says
Date: July 6, 2022
LONDON (Reuters) -Bank of England Deputy Governor Jon Cunliffe said the British central bank will do “whatever is necessary” to prevent the recent surge in inflation from becoming embedded in the economy. Britain’s main inflation rate hit a 40-year high of 9.1% in May and the BoE has forecast it will top 11% in October....
Hungary’s unadjusted May output rises by 9.4% y/y, above forecast -stats
Date: July 6, 2022
BUDAPEST (Reuters) – Hungary’s industrial output rose by an annual 9.4% in May, picking up from 3.1% in April based on preliminary unadjusted data and coming in above analyst forecasts for a 2.8% increase, the Central Statistics Office (KSH) said on Wednesday. Adjusted for the effect of working days, output increased by 3.4% year-on-year. The...
Oil prices bounce back from Tuesday tumble as supply concerns return
Date: July 6, 2022
By Arathy Somasekhar and Emily Chow KUALA LUMPUR (Reuters) – Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger. Brent...