MADRID (Reuters) – The European Central Bank is on its path to cut interest rates further as recent euro zone data show inflation is on track to reach the bank’s…
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By Helen Reid LONDON (Reuters) -Burberry will use its British heritage appeal to win back customers by focusing on trench coats and scarves and be less ambitious with prices on…
By Michelle Conlin NEW YORK (Reuters) -Federal law enforcement agents raided the downtown New York home of Polymarket CEO Shayne Coplan on Wednesday, seizing his phone and electronics, the company…
Investing
Exclusive-Saudi Arabia prioritizes sports for NEOM plans as costs balloon, sources say
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By Pesha Magid, Hadeel Al Sayegh and Federico Maccioni RIYADH/DUBAI (Reuters) -Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting global…
By Gergely Szakacs BUDAPEST (Reuters) – If U.S. President-elect Donald Trump delivers on a pledge to hit European imports with tariffs, Hungary will feel the effects “exponentially” because of its…
(Reuters) – Futures tied to Canada’s main stock index rose on Thursday, helped by crude prices, ahead of Federal Reserve Chair Jerome Powell’s speech and U.S. economic data later in…
Investing
Brazil’s outgoing central bank chief says there is urgency to announce spending cuts
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SAO PAULO (Reuters) – The Brazilian government must cut spending “to the bone” and there is an urgency to announce a much anticipated fiscal package, outgoing central bank chief Roberto…
(Reuters) – A look at the day ahead in U.S. and global markets by Amanda Cooper. The dollar is forging ahead again, heading for its biggest week-on-week gain since September…
Investing
Dow, S&P, Nasdaq hit record highs ahead of Fed decision; Lyft surges 28%, DJT gives up gains
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US equity benchmarks rose slightly on Thursday ahead of the outcome of the US Federal Reserve’s policy meeting later in the day. Benchmark averages extended gains from Wednesday and hit…
The Bank of England reduced interest rates by 25 basis points on Thursday, even as Labour’s expansive budget announcement complicates the prospects for future policy easing. The decision to lower…