Fed could slow rate hikes, but policymakers say more is needed

Fed could slow rate hikes, but policymakers say more is needed

The Federal Reserve Building is pictured in Washington, DC, U.S. August 22, 2018. REUTERS/Chris Wattie/File Photo Join now for FREE unlimited access to Reuters.com Register Kashkari sticks to his view of a 3.9% fed funds rate at the end of 2022 Evans sees a key rate of 3.4% this year Both push back on market … Read more

Japanese PM shakes up cabinet as anger grows over Unification Church ties

Japanese PM shakes up cabinet as anger grows over Unification Church ties

Voters’ support plummets over party’s ties to church Upheaval comes sooner than analysts expected The Church defends its right to participate in politics Kishida has only chosen ministers who will ‘review’ ties with the group TOKYO, Aug 10 (Reuters) – Japanese Prime Minister Fumio Kishida shuffled his cabinet on Wednesday as he battled growing public … Read more

Cryptoverse: blockchain bridges fall into troubled waters

Cryptoverse: blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last … Read more

Global stocks rebound after US jobs sold

Global stocks rebound after US jobs sold

Euro STOXX gains 0.8% Wall Street should win Markets cut odds of 75 basis point hike ahead of US CPI The dollar is falling Oil recovers its first losses and tries to rally LONDON/SYDNEY, Aug 8 (Reuters) – Stocks gained ground on Monday, regaining their footing after a strong U.S. jobs report last week bolstered … Read more

Chinese exports pick up, but outlook darkens as global growth slows

Chinese exports pick up, but outlook darkens as global growth slows

China’s July exports rise at a faster pace than expected Imports disappoint again, highlighting weak domestic demand The trade balance hit a record high in July Weak foreign demand adds stress to trade and economic outlook BEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly accelerated in July, providing an encouraging boost to the economy … Read more

Bombing hits power lines of Ukrainian nuclear power plant, both sides accuse each other

Bombing hits power lines of Ukrainian nuclear power plant, both sides accuse each other

Technicians shut down the reactor of Europe’s largest nuclear power plant Three grain ships leave Ukrainian Black Sea ports Turkey’s Erdogan meets Putin in Russia The fighting in the east centers on the fortified village KYIV, Aug 5 (Reuters) – Bombings hit a high-voltage power line at a major Ukrainian nuclear power plant captured by … Read more

European stocks slide, oil rallies, traders await US jobs data

European stocks slide, oil rallies, traders await US jobs data

LONDON, Aug 5 (Reuters) – European stocks fell slightly on Friday but were still poised for a weekly gain as traders waited for U.S. jobs data later in the session to give hints on the health of the world’s largest economy. The MSCI Global Equity Index, which tracks stocks from 47 countries, rose 0.2% and … Read more