Reuters

A look at the day ahead in European and global markets from Ankur Banerjee

After the Bank of Canada became the first G7 country to cut interest rates, the stage is set for the European Central Bank to lower rates too. But all eyes are sure to be on President Christine Lagarde as traders ponder: what comes next?

While ECB policymakers clearly telegraphed their intention to lower borrowing costs in June, moving well ahead of the U.S. Federal... (continue reading...)

By Hyonhee Shin

SEOUL (Reuters) - An activist group in South Korea said on Thursday it had flown balloons into North Korea carrying leaflets criticising leader Kim Jong Un, just days after Pyongyang sent thousands of balloons carrying trash in the other direction over the border.

Park Sang-hak, a defector who fled North Korea in 2000, said his group, Fighters For Free North Korea, had launched 10 balloons from the border town of Pocheon... (continue reading...)

By Laila Kearney

NEW YORK (Reuters) - Solar accounted for 75% of electricity generation capacity added to the U.S. power grid early this year as installations of panels rose to a quarterly record, according to a report published by Wood Mackenzie and the Solar Energy Industries Association on Thursday.

The country's solar industry saw 11.8 gigawatts of new capacity in the first three months of 2024 as electric utilities continued their... (continue reading...)

By Robert Harvey

LONDON (Reuters) - Saudi Arabia set its flagship Arab Light crude oil official selling price (OSP) to Asia at plus $2.40 versus Oman/Dubai average for July, a document seen by Reuters showed on Wednesday.

That marks a 50 cent per barrel cut from the June OSP, the first cut in five months and towards the lower end of market expectations according to a Reuters survey.

Its OSPs for other crude grades sold to... (continue reading...)

(Reuters) - The U.S. State Department has approved the sale to Taiwan of F-16 fighter jet spare and repair parts for an estimated $80 million, the Pentagon's Defense Security Cooperation Agency said on Wednesday.

The sale will help "improve the security of the recipient and assist in maintaining political stability, military balance, and economic progress in the region," the Pentagon's Defense Security Cooperation Agency (DSCA) said in a statement.