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By Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) – It may be too early for the European Central Bank to pause interest rate hikes now as an early stop in the fight against inflation could force the bank to exert even more pain on the economy later, Latvian policymaker Martins Kazaks said on Saturday. The ECB …

ECB rate pause now may be too early: policymaker Read More »

By Manoj Kumar NEW DELHI (Reuters) – A senior European Union official urged Russia on Saturday to renew a deal to allow the safe export of Ukrainian grain through Black Sea ports, after Russia quit the agreement last month. European Commission Executive Vice President Valdis Dombrovskis said Russian restrictions on shipping of Ukrainian grains via …

EU’s Dombrovskis asks Russia to renew Black Sea grain deal Read More »

MOSCOW (Reuters) – Russia’s economy is set to grow by 2.5% or more in 2023, while inflation is expected to be around 6%, Finance Minister Anton Siluanov was quoted on Saturday as saying. The economy ministry in April revised higher its 2023 GDP forecast to growth of 1.2% from a contraction of 0.8%, although it …

Russian finance minister expects 2023 GDP to grow by 2.5% or more – agencies Read More »

JACKSON HOLE, Wyoming (Reuters) – Any thoughts that the 2% inflation goal long sought by the U.S. Federal Reserve and the European Central Bank might possibly be in for a tweaking were dashed on Friday by the chiefs of the two institutions. Gathering in Jackson Hole, Wyoming for the annual Federal Reserve Bank of Kansas …

No appetite at Fed, ECB for changing inflation goal Read More »

By Richa Naidu and Ludwig Burger LONDON (Reuters) -Bayer needs to make major changes, including “de-merging” two of its three business arms, investor Artisan Partners told Reuters on Friday, adding to a chorus of demand for change from other investors. Activist Bluebell Capital Partners called for a breakup earlier this year. Other top investors, including …

Exclusive-Bayer investor Artisan calls for breakup of company Read More »

By Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) -Profound changes in how the global economy operates, from increased protectionism to energy transition, could create greater inflation volatility and more persistent price pressures, European Central Bank President Christine Lagarde said on Friday. Much of the developed world has struggled with a historic surge in prices over the …

Global economic transformation risks fuelling inflation: Lagarde Read More »

MOSCOW (Reuters) – Crude oil loadings from Russia’s western ports in August are seen slightly higher from July despite Moscow’s pledge to cut oil exports by 500,000 barrels per day, according to traders, shipping data and Reuters calculations. The loadings remain well below a four-year export peak achieved in May, the data shows. Overall crude …

Russia’s oil exports via western ports slightly up in August despite pledged cuts Read More »