PARIS (Reuters) -The European Central Bank interest rates are likely to reach their peak over the summer and a rate cut this year is out of the question, French ECB policymaker Francois Villeroy de Galhau said on Friday. In an effort to steer record inflation towards its 2% target, the ECB has hiked rates by …
ECB’s Villeroy sees summer rate peak, no cut this year Read More »
(Reuters) – U.S. bond funds witnessed their first weekly net selling in six weeks in the seven days to Feb. 15 as bond yields climbed on concerns over more Federal Reserve tightening after data showed resilient inflation. A report from the Labor Department on Thursday showed monthly producer prices accelerated in January, while the producer …
U.S. bond funds see first weekly outflow in six weeks on rate hike concerns Read More »
(Reuters) -Corebridge Financial Inc reported a smaller-than-expected drop in its quarterly profit on Friday, supported by higher investment income from its base portfolio that more than offset the decline in private-equity returns. The Houston, Texas-based life insurer’s base portfolio comprises income earned from interest, dividends and foreclosed real estate. Despite coming ahead of expectations, the …
Corebridge posts smaller-than-feared profit drop on strong investment income Read More »
BERLIN (Reuters) – German producer prices rose more than expected in January, though the rate of increase eased for the fourth month in a row, signalling that inflation in Europe’s largest economy could be starting to wane, according to data released on Friday. Producer prices of industrial products were up 17.8% on the same month …
German producer prices ease, but at lower pace than expected Read More »
(Reuters) – Global equity funds witnessed outflows in the week to Feb. 15, hit by worries about the U.S. Federal Reserve’s further monetary tightening, with recent data showing stickier-than-expected inflation. Refinitiv Lipper data showed investors disposed of a net $1.85 billion worth of global equity funds last week, compared with net purchases of $379 million …
Global equity funds see outflows on worries over Fed tightening Read More »
By Andrew Chung WASHINGTON (Reuters) – In 2021, a California state court threw out a feminist blogger’s lawsuit accusing Twitter Inc of unlawfully barring as “hateful conduct” posts criticizing transgender people. In 2022, a federal court in California tossed a lawsuit by LGBT plaintiffs accusing YouTube, part of Alphabet Inc, of restricting content posted by …
As U.S. Supreme Court weighs YouTube’s algorithms, ‘litigation minefield’ looms Read More »
By Steve Gorman (Reuters) -A 66-year-old immigrant farm worker accused of murdering seven colleagues in a mass shooting last month at two mushroom-growing sites near San Francisco pleaded not guilty on Thursday to all charges, according to the San Mateo County district attorney. Chunli Zhao, a Chinese citizen and lone suspect in the Jan. 23 …
California farm worker pleads not guilty to 7 murder counts Read More »
By Stella Qiu SYDNEY (Reuters) -Australia’s top central banker again projected further interest rate rises in coming months and said the pain was worth bearing to bring inflation down. Speaking before members of parliament for the second time this week, Reserve Bank of Australia (RBA) Governor Philip Lowe said the extent of further interest rate …
Australia’s central bank says more rate pain needed to tame inflation Read More »
By Richard Cowan EXETER, N.H. (Reuters) -Republican presidential hopeful Nikki Haley brought her nascent campaign to New Hampshire on Thursday, portraying herself as a conservative firebrand while warning that to win elections Republicans must stop rehashing “old issues”. Speaking to a crowd of around 300 inside the Exeter Town Hall, about 45 miles (70 km) …
Nikki Haley, Trump’s first major challenger, urges Republicans to turn the page Read More »
By David Shepardson and Brad Brooks (Reuters) -Environmental Protection Agency Administrator Michael Regan on Thursday sought to assure residents of East Palestine, Ohio, of the agency’s commitment to air and water testing after a Feb. 3 derailment of a train carrying toxic chemicals caused a fire that sent a cloud of smoke over the town. …
U.S. EPA chief works to reassure Ohio residents after train derailment Read More »
