Canada's Economy Unexpectedly Grows In July, Though Momentum Slows
Canada's economic activity unexpectedly edged up in July, while gross domestic product in August was most likely flat, data showed on Thursday, with the surprise gain seen unlikely to change much for the central bank.
HSBC To Review Canary Wharf Tower HQ, Consider New London Base
HSBC is reviewing whether to keep its global headquarters in London's Canary Wharf, a staff memo seen by Reuters on Thursday showed, a decision which could see the bank swap the financial hub for a new home after more than 20 years.
Wall Street Tumbles On Growing Concerns Over Economic Growth
U.S. stock indexes slipped on Thursday as worries of a global economic downturn from aggressive central bank rate hikes and risks of potential contagion from a turmoil in UK markets turned investors risk averse.
Spain Aims To Increase Revenue By 3.14 Billion Euros With New Tax Plans
Spain's government hopes to increase its tax take by 3.14 billion euros ($3 billion) next year with a series of measures including a temporary wealth tax and corporate and capital gains tax hikes, Budget Minister Maria Jesus Montero said on Thursday.
Fed's Mester: U.S. Financial Instability Not A Major Risk Right Now
Federal Reserve Bank of Cleveland President Loretta Mester said Thursday she does not see distress in U.S.
Nationalist Divisions Dim Hopes For Change After Bosnia's Election
Divisive nationalism has dominated campaigning for Bosnia's presidential and parliamentary elections on Oct.
Finland To Join European Neighbours In Shutting Out Russian Tourists
Finland said on Thursday it would close its border to Russian tourists at midnight, shutting off the last remaining direct land route to the European Union for them as thousands of Russians seek to avoid conscription into the war in Ukraine.
Northern Kenya Faces Hunger Crisis As Drought Wipes Out Livestock
In a dry river bed in Kenya's arid northwest, pastoralists dig ever-deeper pits in an anxious search for water, as the region suffers its worst drought in 40 years, which has wiped out livestock and crops, deepening a hunger crisis.
U.S. To Prioritize Pacific Islands In Contest With China
The United States released its first strategy for ties with Pacific island nations on Thursday, the second day of a historic summit with leaders from the region
Rouble Hits Over 2-month High Vs Dollar, Russian Stocks Stutter
The Russian rouble surged to a more than two-month high against the dollar on Thursday, while geopolitical headwinds halted a tentative recovery on stock markets as President Vladimir Putin prepared to annex four Ukrainian territories.
U.S. Economic Growth Revised Up; Gap Between GDP And GDI Narrows Sharply
The U.S. economy's recovery from the COVID-19 pandemic was much stronger than initially thought amid massive fiscal stimulus, according to revisions on Thursday, which also showed the gap between the two measures of growth narrowing sharply in 2021.
New M&G CEO Rules Out Break-up, Sees Opportunity In Volatility
Andrea Rossi, the investment veteran named as chief executive of M&G on Thursday, has ruled out breaking up one of Britain's best-known fund management companies and expects growth despite turbulent markets and a cost-of-living crisis.
Exclusive-VTB Urges Putin To Curb Western Grain Traders' Russian Ops - Letter
Sanctions-hit VTB Bank has urged President Vladimir Putin to curb the activities of Western grain traders in Russia, citing the need to strengthen Russian traders' role in the global market, a letter seen by Reuters shows.
China Certifies C919 Jet To Compete With Airbus And Boeing -photos
China held a ceremony on Thursday to certify its C919 narrowbody passenger jet, photos on social media showed, representing a major milestone in the country's ambitions to challenge Airbus and Boeing in commercial aerospace.
Vast Swaths Of Cuba Still In The Dark After Passage Of Hurricane Ian
Cuba had restored power to some neighborhoods of the capital Havana by early on Thursday, according to Reuters witnesses and official reports, but vast swaths of the Caribbean island nation still remained in the dark following the passage of Hurricane Ian.
Citro?n Invents Cardboard Car For Resourceless World
Imagine a future world starved of resources where carmakers have to resort to replacing the metal in your car's roof and hood with cardboard.
Czech Police Nab Smugglers In New Border Checks As Migrant Flows Spike
Czech police chasing a vanload of migrants fired warning shots on Thursday as they began checks on the border with Slovakia to combat a sharp rise in people, mostly Syrians, heading illegally to western Europe.
Widerimage: As Grocery Bills Soar, Hungry Brazilians May Seal Bolsonaro's Fate
The specter of hunger hangs over Brazil's presidential race this year like few before it.
Euro Zone Bond Yields Rise, Focus On UK Gilts, Inflation Data
Euro zone government bond yields rose on Thursday as German data shifted the market focus to surging inflation, while gilt investors resumed selling after the Bank of England (BoE) stepped in to quell a storm the day before.
Long-awaited Rwanda Genocide Trial Starts Despite Suspect's Boycott
A U.N. tribunal in The Hague opened the genocide trial on Thursday of a Rwandan businessman captured two years ago after decades on the run, with judges saying the hearing must go on despite the suspect's decision to boycott it from his jail cell.
EU Leaders To Meet Over 'Sabotage' Of Nord Stream Gas Pipelines
EU leaders will discuss next week what the bloc has denounced as sabotage on the subsea Nord Stream gas pipelines, an EU official said on Thursday, adding that the incident had changed the nature of the conflict in Ukraine fundamentally.
Leapmotor And Onewo Shares Tumble In Hong Kong Debut
Hong Kong's two largest completed IPOs of 2022 worth a combined $1.5 billion closed deep in the red on their market debuts on Thursday, dampening prospects of a recovery in new share sales in the city for the rest of the year.
Tech IPO Market Faces Worst Year Since Global Financial Crisis
Initial public offerings by U.S. tech companies have sunk to their lowest levels since the global financial crisis of 2008, as stock market volatility, soaring inflation, and interest rate hikes have soured investor sentiment towards new listings.
Return Of Pet Projects In U.S. Congress Crowds Out Funding For Others
Glen Ullin, North Dakota, was first in line for money to replace its leaky water pipes before Washington cut funding by one-third this spring.
Analysis-Nigeria Squanders Oil Price Bonanza As Gasoline Subsidies Soar
Nigeria has failed to capitalise on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty.
Exclusive-China's State Banks Told To Stock Up For Yuan Intervention-sources
China's central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the yuan's descent, four sources with knowledge of the matter said.
ECB Policymakers Back Jumbo Rate Hike, Differ On Balance Sheet Cut
European Central Bank policymakers continued to line up behind another big interest rate hike as inflation is set to hit a new record high, but differed on whether it was time to think about mopping up cash from the economy.
Swedish Rate-setters Say Quick Action Needed To Fight Inflation
Sweden's central bank must act robustly to get inflation under control or rising prices could become entrenched, rate-setters said in the minutes of the bank's most recent policy meeting, published on Thursday.
H&M To Cut Costs As Profits Hit By Inflation, Cautious Shoppers
H&M, the world's No.2 fashion retailer, launched a 2 billion Swedish crown ($177 million) cost savings drive on Thursday after reporting weaker-than-expected profits due to soaring input costs, slowing consumer spending and its exit from Russia.
UK's Truss Breaks Silence On Markets Slump, Defends Her Tax Cuts
British Prime Minister Liz Truss broke her silence on Thursday following nearly a week of chaos in financial markets triggered by her plans for tax cuts, saying she was willing to take "controversial" decisions to reignite growth.