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Sterling little changed near 21-month low ahead of BoE, Fed
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Staff at UK markets watchdog begin unprecedented strike
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StanChart CEO says bank’s global focus still valid amid calls for HSBC break-up
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India’s $2.7 billion LIC IPO subscribed 67% on first day
Analysis-Consumer boom nearly over as Central Europe heads into “decade of peril”
Date: May 4, 2022
By Gergely Szakacs, Alan Charlish and Jason Hovet VELENCE, Hungary/WARSAW/PRAGUE (Reuters) – War may be raging on their doorstep but Central Europe’s economies are outpacing their euro zone peers as consumer spending booms. A reversal could come as soon as this summer, however, leaving a painful, inflation-laced hangover. Economists are already sounding the alarm about...
Dollar slips before expected Fed rate hike
Date: May 4, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar fell against a basket of currencies on Wednesday ahead of the outcome of a Federal Reserve meeting, as investors evaluated how much expected U.S. central bank hawkishness is already priced into the greenback. The Fed is expected to hike rates by 50 basis points, which would...
French left agrees rare coalition deal to take on Macron
Date: May 4, 2022
By Elizabeth Pineau, Michel Rose and Ingrid Melander PARIS (Reuters) – France’s Socialist Party and the hard-left La France Insoumise (LFI) agreed in principle on Wednesday to run together in June parliamentary elections and try to deprive newly re-elected President Emmanuel Macron of a majority. If confirmed, the coalition pact, which the Greens and Communists...
New evidence found in Madeleine McCann case, says German prosecutor
Date: May 4, 2022
By Catarina Demony LISBON (Reuters) – Investigators have found new evidence potentially incriminating the key suspect in the disappearance of British toddler Madeleine McCann 15 years ago, said Hans Christian Wolters, the German prosecutor who has been investigating the case since 2020. In an interview with Portuguese TV channel CMTV on Tuesday, Wolters said detectives...
Germany needs ‘political solution’ to Russian oil refinery
Date: May 4, 2022
By Joseph Nasr BERLIN (Reuters) -Economy Minister Robert Habeck appeared to suggest on Wednesday that Germany could take control of a refinery run by Russian state-owned firm Rosneft to avoid shortages once an EU ban on imports from Russia goes into effect. The PCK refinery in Schwedt accounts for almost all of Germany’s remaining Russian...
Analysis-Barely visible wage growth already a trigger for ECB
Date: May 4, 2022
By Balazs Koranyi FRANKFURT (Reuters) – Wage growth in Europe is still barely visible but underlying pressures are intense and the European Central Bank may already have left it too late to stop strong income growth from seeping into record-high inflation. The ECB has been curbing stimulus by the smallest possible increments despite record inflation,...