top-stories
Top Stories
Swiss National Bank will examine persistence of inflation – Vice Chairman
Top Stories
Italy revises up Q1 GDP to +0.1% q/q vs prelim -0.2%, supported by investments
Top Stories
Russian central bank plays down role of dollar and euro at home and globally
Top Stories
Exclusive-Glencore helps Zambia’s Mopani Copper Mines pay bills
Germany’s Merck to open semiconductor base in China
Date: May 31, 2022
By Brenda Goh and Sarah Wu SHANGHAI/TAIPEI (Reuters) – German supplier of chemicals and materials used in making semiconductors, Merck KGaA, said on Tuesday it had signed a contract to open a semiconductor base in the Chinese city of Zhangjiagang, describing it as its largest single electronics business investment in the country. The company said...
Wild swings of May not necessarily the end of market turmoil
Date: May 31, 2022
LONDON (Reuters) – Sell in May? They certainly did, but rather than go away as the old stock market adage suggests, traders returned to aggressively buy the dip, causing some of the wildest monthly swings in recent times. There was plenty of selling in the first half of the month across asset classes, driven by...
ECB’s Visco says rate hikes must be gradual
Date: May 31, 2022
By Valentina Za and Stefano Bernabei ROME (Reuters) – The European Central Bank should proceed gradually in raising interest rates, and keep a flexible approach so as to prevent financing conditions from diverging across euro zone countries, ECB policymaker Ignazio Visco said on Tuesday. Euro zone inflation rose more than expected to yet another record...
Reforms, cost cutting and malaise push French diplomats to strike
Date: May 31, 2022
By John Irish PARIS (Reuters) – French diplomats will go on strike for the first time in 20 years on Thursday in protest against a perceived lack of recognition and reforms pushed by the president that they say could damage France’s global standing. The action won support from 500 foreign ministry civil servants in a...
Electric vehicles not the only way to meet CO2 targets, Italy car lobby says
Date: May 31, 2022
MILAN (Reuters) – Electric vehicles are not the only effective route to reducing carbon emissions produced by the car industry, the head of Italy’s automotive lobby said on Tuesday. Other technologies could help to decarbonise the industry, meeting the same targets on emissions while preserving know-how and jobs in Italy, said Paolo Scudieri, the chairman...
Oil surge fans inflation fears, dampens stocks
Date: May 31, 2022
By Sujata Rao LONDON (Reuters) -European shares fell on Tuesday and Wall Street was tipped to start weaker as surging oil prices fanned fears of further acceleration in global inflation that would keep the U.S. Federal Reserve and other central banks raising interest rates. Markets looked past signs that China’s economic pain might be abating...