The European Central Bank is expected to pause on Thursday as inflation cools while activity stagnates. The ECB is expected to keep its deposit rates at 4%. The decision will be delivered in Athens, Greece — it makes one rate decision per year outside of its Frankfurt headquarters — at…

By Max A. Cherney and Akash Sriram (Reuters) -Google-parent Alphabet (NASDAQ:)’s cloud business crawled to its slowest in at least 11 quarters, sending the company’s stock down 5.7% after hours, even as sales at rival Microsoft (NASDAQ:)’s cloud unit boomed. The drop in Google’s share price despite beating Wall Street…

By William Schomberg LONDON (Reuters) – The Bank of England looks set to keep interest rates on hold next week but also stress that it is far from relaxing its fight against Britain’s high inflation rate, despite growing worries about a recession. The BoE’s job of getting inflation down to…

Bond yields rose on Wednesday, though market volatility declined as investors eyed growth and inflation data due for release in coming sessions.What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y added 2.5 basis points to 5.091%. Yields move in the opposite direction to prices. The yield on the 10-year Treasury…

A look at the day ahead in European and global markets from Tom Westbrook: Giants of tech and luxury goods have turned in mixed reports. Microsoft (NASDAQ:) and Google parent Alphabet (NASDAQ:) each beat forecasts, but their share prices went in opposite directions as investors zeroed in on cloud computing.…

By Mike Dolan LONDON (Reuters) – Even if a 16-year high of 5% proves a top for 10-year Treasury yields after the latest bond blowout, it’s hard to imagine a dissipation of debt market angst as mounting deficits and debt service costs prompt a rethink of budget math and risk…

BEIJING (Reuters) -China’s new sovereign bonds will help bolster the economic recovery, China’s vice finance minister Zhu Zhongming said on Wednesday, as the government’s stepped-up fiscal stimulus sharply raises its budget deficit. China’s top parliament body has approved a 1 trillion yuan ($137 billion) in sovereign bond issuance to help…

Former President Donald Trump on Tuesday blasted House Republicans’ new pick for speaker, Rep. Tom Emmer, just a day after saying he would try to stay out of the contest that’s kept the House in limbo for three weeks. “Voting for a Globalist RINO like Tom Emmer would be a…

By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Deutsche Bank on Wednesday posted a better-than-expected 8% drop in third-quarter profit, as revenue at the investment bank slumped but grew in the retail and corporate divisions on the back of higher interest rates. The bank was slightly more optimistic on its…

Rep. Tom Emmer of Minnesota has become the latest House Republican to hit a wall in his push to become speaker, as the congressman on Tuesday opted to end his bid for the post. Emmer had been facing resistance in his effort to become speaker, with more than 20 fellow…