(Reuters) – Nicaragua’s economy is forecast to grow 3% in 2023, down from expected growth of 4% this year, the International Monetary Fund said in a statement released on Wednesday, adding its economic outlook is favorable despite global risks going forward. “Nicaragua’s economic outlook is favorable, although risks to the outlook are on the downside, …
IMF sees Nicaragua’s economy expanding by 3% next year Read More »
WASHINGTON (Reuters) – Federal Reserve Governor Christopher Waller said on Wednesday he is concerned that the outbreak of inflation since 2021 has raised wage pressures going forward in ways that could make it harder to lower the pace of price increases. “If you start building higher wages into your business plan…you are not going to …
Fed’s Waller: Ongoing wage increases could make inflation more persistent Read More »
MADRID (Reuters) – Trade unions representing about 1,000 Zara shop assistants in the Spanish apparel maker’s hometown of A Coruña will meet with the company on Thursday to negotiate a pay rise, a union leader said. CIG, one of the unions representing shop assistants in the northwestern city, is threatening to strike on Nov. 24 …
Spanish shopworkers’ unions to discuss wages with Zara bosses Read More »
(Reuters) – Barclays economists on Wednesday cut their global economic growth forecast for 2023 as inflation is seen unlikely to fall quickly, forcing monetary policy to be ‘restrictive’. The brokerage warned that 2023 looks set to be one of the weakest in four decades with advanced economies likely heading into a recession. They now forecast …
Barclays cuts 2023 global growth forecast, expects weakest growth in four decades Read More »
(Reuters) – Canada’s TC Energy on Tuesday said the Keystone oil pipeline system will be required to curtail volumes due to a series of recent severe weather-related impacts to system facilities. The company said it notified customers on Monday of the force majeure event. (Reporting by Swati Verma in Bengaluru; Editing by Mark Porter)
(Reuters) -The Australian securities regulator said on Wednesday it has suspended the licence of the local arm of collapsed-crypto exchange FTX until mid-May next year, days after the local unit was placed under voluntary administration. The Bahamas-headquartered FTX, once a rising star of the crypto industry with a $32 billion valuation as of January, filed …
Australia suspends licence of crypto exchange FTX’s local unit until mid-May Read More »
By Lananh Nguyen NEW YORK (Reuters) – Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday. Citigroup Inc, HSBC Holdings Plc, Mastercard Inc and Wells Fargo & Co are among the financial companies participating in the experiment alongside the New York …
Banking giants and New York Fed start 12-week digital dollar pilot Read More »
(Reuters) – American and Bahamian authorities are discussing the possibility of bringing FTX founder Sam Bankman-Fried to the United States for questioning, Bloomberg News reported on Tuesday, citing three people familiar with the matter. SBF’s collapsed crypto exchange FTX, which filed for bankruptcy in the United States last week, has fanned fears about the future …
Sam Bankman-Fried faces possible U.S. trip for questioning over FTX collapse – Bloomberg Read More »
By Lisa Baertlein LOS ANGELES (Reuters) – October volume at the busiest U.S. seaport fell to its lowest level since 2009 as shippers sent cargo to alternate trade gateways to avoid potential disruptions from ongoing West Coast port labor talks, Port of Los Angeles Executive Director Gene Seroka said on Tuesday. The data comes as …
Port of Los Angeles October imports tumble, pressured by labor worries Read More »
By Lewis Krauskopf, Amruta Khandekar and Ankika Biswas (Reuters) – The S&P 500 gained on Tuesday, fueled by softer-than-expected inflation data that raised hopes of a pullback in rate hikes by the U.S. Federal Reserve, but a report of Russian missiles crossing into Poland sparked volatility in the latter half of the session. Equities were …
S&P 500 rises on inflation data, but rocky on geopolitics Read More »
