By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar crashed to its lowest in more than a year on Wednesday after data showed the rise in U.S. consumer prices moderated in June, suggestin[...]
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Asia
Oil prices settle up as mild US inflation data calms fear of Fed rate hike
By Laura Sanicola (Reuters) -Oil prices settled higher on Wednesday, with benchmark Brent futures breaching $80 a barrel for the first time since May, after U.S. inflation data spurred hopes the Feder[...]
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Tesla says Model 3 consumer tax credits likely to be reduced after Dec.31
By Hyunjoo Jin and David Shepardson SAN FRANCISCO (Reuters) -Tesla said the $7,500 federal tax credits for its Model 3 electric vehicles are likely to be reduced after Dec. 31, according to its websit[...]
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G20 finance chiefs set to discuss reforms to development banks, crypto, debt
NEW DELHI (Reuters) – Finance ministers and central bank governors of the G20 member nations are set to meet and discuss reforms to multilateral development banks, a framework for crypto assets[...]
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IMF board approves Pakistan bailout programme
(Reuters) – The board of the International Monetary Fund (IMF) approved a $3 billion, nine-month bailout programme for Pakistan on Wednesday, the IMF said. Pakistan and the Fund had reached a st[...]
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Global public debt hits record $92 trillion – UN report
By Jorgelina do Rosario LONDON (Reuters) -Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being fel[...]
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Microsoft’s $69 billion Activision deal gets US judge go-ahead, UK softens opposition
By Diane Bartz WASHINGTON (Reuters) -Microsoft cleared major hurdles to its plan to buy videogame maker Activision Blizzard on Tuesday, after a U.S. judge gave a thumbs-up to the $69 billion deal and[...]
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China’s Huawei poised to overcome US ban with return of 5G phones -research firms
By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies is plotting a return to the 5G smartphone industry by the end of this year, according to research firms, signalling[...]
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India’s Adani aims to close planned $4 billion fundraising by end-December-source
By Dhwani Pandya MUMBAI (Reuters) – India’s Adani Group is aiming to close its planned up to $4 billion fundraising before the end of 2023, and is actively talking to global investors abou[...]
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