A look at the day ahead in U.S. and global markets from Mike Dolan A semblance of banking calm has allowed markets to pick a lane and bet one last U.S. interest rate hike later on Thursday – but[...]
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March 22, 2023
Argentina drought saps dollar reserves, pressuring FX crawling peg
By Walter Bianchi and Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s slow-and-steady currency devaluation plan is coming under rising pressure as a historic drought pummels exports of c[...]
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Italy makes biofuel demand as EU attempts to unblock combustion engine phase-out
By Kate Abnett BRUSSELS (Reuters) – Italy has warned the European Commission that it will only support a solution to unblock the EU’s planned phase-out of combustion engine cars by 2035 if[...]
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Computing networking pioneer Metcalfe wins top industry prize
By Stephen Nellis (Reuters) – Computing networking pioneer Bob Metcalfe on Wednesday won the industry’s most prestigious prize for the invention of the Ethernet, a technology that half a c[...]
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Explainer-What are e-fuels, and can they help make cars CO2-free?
By Victoria Waldersee and Kate Abnett BERLIN/BRUSSELS (Reuters) – Germany has declared last-minute opposition to a landmark European Union law to end sales of CO2-emitting cars in 2035, demandin[...]
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Fox faces skeptical judge in Dominion defamation suit
By Jack Queen and Helen Coster WILMINGTON, Delaware (Reuters) -Lawyers for Fox Corp faced a skeptical judge on Tuesday as they sought to block a $1.6 billion defamation lawsuit by Dominion Voting Syst[...]
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Market turmoil is doing central bankers’ jobs for them
By Yoruk Bahceli (Reuters) -Tighter financing conditions in markets sparked by banking sector turmoil may have done much of central banks’ jobs for them, boosting the case for an end to interest[...]
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Jittery markets attempt risk-on rally while waiting for Powell
A look at the day ahead in European and global markets from Ankur Banerjee With about 12 hours still to go before the Fed announces its policy decision, investors are attempting a bit of a risk-on ral[...]
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Bundesbank chief: rate-setters must be ‘stubborn’ in inflation fight -FT
(Reuters) – Eurozone policy-setters must be “stubborn” and continue increasing borrowing costs to battle inflation, Bundesbank chief Joachim Nagel told the Financial Times in comment[...]
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