By Gabrielle Tétrault-Farber TBILISI (Reuters) – New clashes erupted between Azerbaijan and Armenia on Wednesday as international peace efforts intensified a day after the ex-Soviet republics witnessed their deadliest violence since 2020. Armenian Prim…
UK consumer price inflation falls unexpectedly
LONDON (Reuters) – Britain’s annual rate of consumer price inflation fell unexpectedly to 9.9% in August, down from a 40-year high of 10.1% in July, the Office for National Statistics said on Wednesday. Economists polled by Reuters had forecast the inf…
Explainer-What would Japan’s currency intervention to combat a weak yen look like?
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan has conducted a rate check in apparent preparation for currency intervention, the Nikkei website reported on Wednesday, citing unidentified sources, as policymakers stepped up wa…
Dollar pushes towards fresh 24-year peak versus yen after U.S. CPI shock
By Kevin Buckland TOKYO (Reuters) – The dollar climbed close to a 24-year peak against the yen on Wednesday amid a jump in U.S. yields after hotter-than-expected inflation boosted bets for even more aggressive monetary tightening by the Federal Reserve…
Dollar jumps after unexpected rise in U.S. consumer prices
By Caroline Valetkevitch NEW YORK (Reuters) – The dollar rallied against the yen, euro and other currencies on Tuesday after stronger-than-expected U.S. inflation data boosted investor bets that the Federal Reserve will need to stay aggressive in raisi…
Cryptoverse: Ether snaps at bitcoin’s heels in race for crypto crown
By Medha Singh and Lisa Pauline Mattackal (Reuters) – For years, ether could barely dream of challenging its big brother bitcoin. Now, its ambitions may be becoming more realistic. The second-biggest cryptocurrency is taking market share from bitcoin a…
JPMorgan and BofA cautious on job cuts as Goldman layoffs loom
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -JPMorgan Chase and Bank of America, the two largest U.S. banks by assets, expressed caution about job cuts in contrast with Goldman Sachs, where hundreds of layoffs could start as early this month. “…
Stocks tumble, dollar rallies as soaring U.S. inflation implies an aggressive Fed
By Sinéad Carew NEW YORK (Reuters) – The dollar index reversed course on Tuesday to rally sharply and U.S. stocks sank while Treasury yields climbed after data showed U.S. consumer prices rising faster than expected in August, prompting bets for more a…
Ukraine’s first lady to be guest of honor at EU State of Union
BRUSSELS (Reuters) – Ukrainian first lady Olena Zelenska will be the guest of honor at Wednesday’s EU State of the Union, European Commission President Ursula von der Leyen announced on Tuesday on Twitter. “The courage of Ukrainian people has touched a…
Plane carrying coffin of Queen Elizabeth lands in London
LONDON (Reuters) – A plane carrying the body of Queen Elizabeth landed at a royal airforce base in west London on Tuesday, as the coffin heads to Buckingham Palace before lying in state in parliament from Wednesday. The plane landed at RAF Northolt, wh…