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Top StoriesNorway’s Wealth Fund Loses $174 Billion in First Half of 2022
InvestingEuropean Stocks Rally for Fifth Day as Defensives, Miners Climb
Top StoriesMarketmind: Growth Pangs Linger
Top StoriesDollar Bid on Global Growth Fears After Weak Chinese Data
Factbox – Why Low Water Levels on the Rhine River Hurt Germany’s Economy
Date: August 15, 2022
BERLIN (Reuters) – Water levels on the Rhine river are very low because of unusually hot and dry weather, preventing many vessels from navigating the critical European shipping route fully loaded. Here are some facts about why shipping on the Rhine river is important for the economy: WHY IS RHINE RIVER SHIPPING IMPORTANT? Flowing from...
Modi Says India Aims to Become Developed Nation in 25 Years
Date: August 15, 2022
By Manoj Kumar NEW DELHI (Reuters) – India will aim to become a developed nation within 25 years, Prime Minister Narendra Modi said in a national day address on Monday, with policies to support domestic production in power, defence and digital technology. Speaking from the 17th century Red Fort in Delhi as India celebrates its...
Marketmind: Fasten Your Seat Belts
Date: August 15, 2022
A look at the day ahead in markets from Anshuman Daga Just as investors were starting to get more confident about a soft landing for the world’s largest economy, with strong jobs growth and cooling inflation, China is playing spoilsport. A slew of data from the second-largest economy missed market forecasts on Monday, forcing the...
Waning Fears Over U.S. Inflation Push FTSE 100 to Fourth Weekly Rise
Date: August 12, 2022
By Sruthi Shankar (Reuters) -Britain’s top share index logged its fourth consecutive week of gains on Friday, as global sentiment got a boost from signs of waning U.S. inflation even as domestic data showed Britain’s economy contracted in the second quarter. The blue-chip FTSE 100 ended 0.5% higher at a two-month high. The index has...
U.s., World Stocks Upbeat on Fed View
Date: August 12, 2022
By Carolyn Cohn LONDON (Reuters) – U.S. stock index futures were indicating a positive start to Wall Street on Friday and world stocks headed for a fourth straight week of gains as investors scaled back views on how far U.S. interest rates and inflation can climb. Oil lost some shine on Friday but has still...
FTSE 100 Climbs on Smaller-Than-Expected GDP Contraction, Gsk Rebound
Date: August 12, 2022
By Sruthi Shankar (Reuters) – London’s FTSE 100 rose on Friday after data showed Britain’s economy contracted less than feared in the second quarter, while drugmaker GSK steadied after heavy selling this week on litigation concerns. The FTSE 100 rose 0.6% and was on course for a fourth straight weekly gain, while the FTSE 250...