Business

Kroger maintains annual forecasts as consumer spending tightens

Thursday, June 18 by SRN News

June 18 (Reuters) - U.S. grocer Kroger kept its annual forecasts unchanged on Thursday, underscoring cautious consumer spending amid growing inflationary pressures. The Cincinnati, Ohio-based company joined key rivals like Walmart in maintaining its forecast as consumers turn picky even while making daily purchases, trading... Read More.

Bank of England votes 7-2 to keep rates at 3.75%

Thursday, June 18 by SRN News

By David Milliken and Andy Bruce LONDON, June 18 (Reuters) - The Bank of England kept interest rates on hold at 3.75% in June, as it has since the start of the U.S.-Iran war, judging it would be premature to raise rates now given the... Read More.

EU leaders to strive for unity on China trade imbalance

Thursday, June 18 by SRN News

By Philip Blenkinsop BRUSSELS, June 18 (Reuters) - European Union leaders will debate new and tougher measures on Thursday that could be needed to curb the bloc's growing trade deficit with China and its heavy reliance on the world's second-largest economy for rare earths and... Read More.

Iran peace not stopping central banks from raising borrowing costs

Thursday, June 18 by SRN News

By Balazs Koranyi and Leika Kihara FRANKFURT/TOKYO, June 18 (Reuters) - The Iran war-induced inflation surge is becoming too much for central banks around the world to simply look past and a string of them, led by the U.S. Federal Reserve, have either raised borrowing... Read More.

Rate hikes are on for the G10 economies

Thursday, June 18 by SRN News

By Alun John LONDON, June 18 (Reuters) - The agreement between the United States and Iran to end their war, and the subsequent fall in oil prices, are good news for central bankers worried that high energy costs will spill over into broader price pressures.... Read More.

Exclusive-UniCredit turned to CEO Orcel’s brother to broker Russia sale

Thursday, June 18 by SRN News

By Valentina Za, Elvira Pollina and John O'Donnell MILAN/FRANKFURT, June 18 (Reuters) - Riccardo Orcel, a former senior banker at Russian state-backed bank VTB Group and brother of UniCredit CEO Andrea Orcel, helped broker a recent agreement to sell the Italian bank's Russia business. His previously... Read More.

FDA panel considers a first-of-its-kind flu vaccine using mRNA technology

Thursday, June 18 by SRN News

WASHINGTON (AP) - U.S. health advisers are debating a new kind of flu vaccine Thursday, the first made with the same mRNA technology that was key to ending the COVID-19 pandemic. Moderna is seeking Food and Drug Administration approval of its new shot, dubbed mFlusiva,... Read More.

Architect Labs raises $24 million to take on Broadcom, Marvell custom chip business

Thursday, June 18 by SRN News

By Max A. Cherney SAN FRANCISCO, June 18 (Reuters) - Architect Labs said on Thursday it had raised $24 million in seed funding to build a company that will use artificial intelligence to speed and ease the design of custom chips. American chip giant Broadcom and... Read More.

Wall St futures bounce back as US-Iran deal optimism balances hawkish Fed; Intel up

Thursday, June 18 by SRN News

(Corrects days of the week throughout the text) June 18 (Reuters) - U.S. stock index futures rebounded on Thursday after the previous session's selloff as optimism about a Middle East peace deal lifted shares of technology firms including Intel, tempering worries about a hawkish Federal... Read More.

US banks to make final push on capital rule changes as Fed wraps up consultation

Thursday, June 18 by SRN News

By Pete Schroeder and Nupur Anand WASHINGTON, June 18 (Reuters) - Large U.S. banks on Thursday will formally pitch the central bank on tweaks to a Federal Reserve proposal aimed at reducing the funds they must set aside to absorb potential losses, as the central... Read More.

Current Weather

Kroger maintains annual forecasts as consumer spending tightens

Bank of England votes 7-2 to keep rates at 3.75%

EU leaders to strive for unity on China trade imbalance

Iran peace not stopping central banks from raising borrowing costs

Rate hikes are on for the G10 economies

Exclusive-UniCredit turned to CEO Orcel’s brother to broker Russia sale

FDA panel considers a first-of-its-kind flu vaccine using mRNA technology

Architect Labs raises $24 million to take on Broadcom, Marvell custom chip business

Wall St futures bounce back as US-Iran deal optimism balances hawkish Fed; Intel up

US banks to make final push on capital rule changes as Fed wraps up consultation

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