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Chile miners, facing higher taxes, seek faster permits, lower energy costs

BY Reuters  • July 13, 2023July 13, 2023
By Fabian Cambero SANTIAGO (Reuters) – Now that Chile has passed an increase in mining royalties, copper miners are pushing for incentives to keep investing in production of the metal needed for[...]
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Asia Australia Business Economy Europe Latin America UK US

Hybrid-work trend may wipe out $800 billion from office property values by 2030 – McKinsey study

BY Reuters  • July 13, 2023July 13, 2023
(Reuters) – A shift to remote working is likely to wipe off $800 billion from the value of office buildings in major global cities by 2030, according to a study published by consulting firm McKi[...]
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Asia Business Economy Europe UK Updated US

Marketmind: Markets bet July 2023 is ‘peak Fed’

BY Reuters  • July 13, 2023July 13, 2023
A look at the day ahead in U.S. and global markets from Mike Dolan Surprise news of a 2%-plus print on U.S. headline inflation rate for June has world markets betting the peak of the Federal Reserve[...]
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Asia Business Economy Europe Politics UK US

Shanghai Futures Exchange targets commodity storage outside China – sources

BY Reuters  • July 13, 2023July 13, 2023
By Pratima Desai and Siyi Liu LONDON/BEIJING (Reuters) -The Shanghai Futures Exchange (ShFE) is looking to expand its commodities warehousing network outside China, and is examining systems and regula[...]
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Asia Business Economy Europe UK Updated

Marketmind: UK data deluge and the run-up to recession

BY Reuters  • July 13, 2023July 13, 2023
A look at the day ahead in European and global markets from Vidya Ranganathan A big bunch of numbers is due out of Britain today – GDP, industrial output, construction – and will call into[...]
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Business Economy Europe UK

Manhattan office market’s tough outlook persists, leaving investors on sidelines

BY Reuters  • July 12, 2023July 12, 2023
By Herbert Lash NEW YORK (Reuters) – The end of the pandemic has brought little relief to Manhattan’s depressed market for workspace, where empty floors remain the norm and by one calculat[...]
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Business Economy Europe UK Updated US

US dollar stumbles, drops to more than one-year low as inflation eases in June

BY Reuters  • July 12, 2023July 12, 2023
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 Australia Business Canada Economy Europe UK Updated US

European shares jump as cooling US inflation boosts rate pause bets

BY Reuters  • July 12, 2023July 12, 2023
By Amruta Khandekar and Shreyashi Sanyal (Reuters) – European shares jumped on Wednesday as further evidence of easing consumer inflation in the United States boosted hopes that the Federal Rese[...]
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Business Economy Europe UK Updated

Investors target consumer goods makers on fears of customer exodus over high prices

BY Reuters  • July 12, 2023July 12, 2023
By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) -Top U.S. and European investors are flagging their concerns about high prices to consumer goods companies, with Janus Henderson going so[...]
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Business Economy Europe UK Updated US
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