ISTANBUL (Reuters) -Turkey’s lira weakened as much as 3.3% to a record low on Friday, extending losses a day after the central bank’s large rate hike failed to assure markets that Presiden[...]
Read more
Europe
German unions criticise possible Deutsche Bank job cuts
FRANKFURT (Reuters) – Deutsche Bank’s reported plans for possible job cuts at its German retail operations were roundly criticised by a union on Friday, foreshadowing tough labour negotiat[...]
Read more
H&M shopworkers in Spain extend strike for two days early July
MADRID (Reuters) – Shop assistants at Swedish fashion retailer H&M in Spain extended a three-day strike planned in late June to demand pay raises into two more days in early July, unions sai[...]
Read more
Marketmind: Business brakes in June swoon, dollar jumps
A look at the day ahead in U.S. and global markets from Mike Dolan Just as world stock prices raced ahead this month, broader business activity appeared to be stalling again. Surprisingly soft reading[...]
Read more
Global equity funds see over $15 billion in outflows on rate hike worries
(Reuters) – Global equity funds suffered substantial outflows during the seven days to June 21 amid concerns over borrowing costs staying higher for longer as the European Central Bank raised in[...]
Read more
Epstein victims seek approval of JPMorgan $290 million settlement
By Jonathan Stempel NEW YORK (Reuters) – Jeffrey Epstein’s victims have formally asked a U.S. judge to preliminarily approve JPMorgan Chase’s $290 million settlement to resolve claim[...]
Read more
UK economy stumbles but price pressures remain high -flash PMI
LONDON (Reuters) – Britain’s economy showed signs of a slowdown this month but inflation pressures stayed high, according to a survey published a day after the Bank of England raised inter[...]
Read more
Hunting for returns, savers dash for euro zone government debt
By Yoruk Bahceli (Reuters) – Savers across the euro zone are dashing for government debt to secure returns on their cash as banks struggle to keep up with surging interest rates. Leading the way[...]
Read more
Marketmind: Fragile markets wait on PMIs
A look at the day ahead in European and global markets from Tom Westbrook A red tide swept over Asia-session screens on Friday as markets took a hot Japanese inflation reading and the Bank of England[...]
Read more