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Hindenburg bet against India’s Adani puzzles rival U.S. short sellers

By Shankar Ramakrishnan, Svea Herbst-Bayliss and Carolina Mandl (Reuters) -When Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules make it hard for foreigners bet against companies there. Hindenburg’s bet has been lucrative so far. …

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Shun ethnic rivalry and corruption, pope tells African youth

By Philip Pullella and Paul Lorgerie KINSHASA (Reuters) -Pope Francis on Thursday urged young people in Democratic Republic of Congo to forge a new future without the ethnic rivalry, corruption and distrust that have fuelled so many bloody conflicts in Africa. Addressing more than 65,000 young people in Martyrs Stadium, Francis spoke of forgiveness and …

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Bank of England hints rates near peak after 10th hike

By William Schomberg and David Milliken LONDON (Reuters) – The Bank of England signalled the tide was turning in its battle against high inflation after it raised interest rates on Thursday for the 10th meeting in a row, prompting investors to prepare for the end of its run of higher borrowing costs. The BoE’s interest …

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UK stocks hold gains after BoE hints rates near peak; FTSE 250 jumps

By Sruthi Shankar and Shristi Achar A (Reuters) – The UK’s main stock indexes rose on Thursday after the Bank of England (BoE) said inflation had probably peaked and forecast a shallower recession in 2023 after raising interest rates in line with expectations. The blue-chip FTSE 100 rose 0.8%, hitting its highest level in two …

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Spain, Morocco seek reset of testy relationship at Rabat summit

By Belén Carreño and Ahmed Eljechtimi RABAT (Reuters) -Spain and Morocco have agreed to set aside their differences, Spanish Prime Minister Pedro Sanchez said on Thursday, as they seek to repair a relationship marked by frequent disputes over migration and territory. Sanchez was speaking at a summit in Rabat where the two countries signed as …

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EU drug regulator decides antibiotic shortage not a ‘major event’

By Natalie Grover LONDON (Reuters) -Europe’s drug regulator has decided not to label the antibiotic shortage on the continent a “major event”, given existing measures to tackle the shortfall were working in the short term, it said in a statement on Thursday, A “major event” label would allow the European Medicines Agency (EMA) to coordinate …

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Euro dips as ECB meets market expectations

By Karen Brettell NEW YORK (Reuters) – The euro dipped against the dollar on Thursday after the European Central Bank (ECB) hiked interest rates by a widely expected 50 basis points and offered no new hawkish surprises, while the Bank of England (BofE) adopted a more dovish tone on inflation. The ECB penciled in at …

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Former Wagner commander says he is sorry for fighting in Ukraine

By Nerijus Adomaitis, Janis Laizans and Gwladys Fouche OSLO (Reuters) – A former commander of Russia’s Wagner mercenary group who fled to Norway told Reuters he wanted to apologise for fighting in Ukraine and was speaking out to bring the perpetrators of crimes to justice. Andrei Medvedev, who crossed the Russian-Norwegian border on Jan. 13, …

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Fed rates up, BoE up, ECB up, stocks up

By Marc Jones LONDON (Reuters) – Higher stock markets showed the bulls were still firmly in charge on Thursday as the European Central Bank and Bank of England followed the U.S. Federal Reserve in extending one of fastest rise in global interest rates on record. Despite the harmony of hikes, traders were holding on to …

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ECB raises rates, signals at least one more hike

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank raised interest rates by 0.5% on Thursday and explicitly signalled at least one more hike of the same magnitude next month, reaffirming it would stay the course in the fight against high inflation. But financial markets immediately interpreted the move as suggesting …

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