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By Howard Schneider and Ann Saphir CHICAGO (Reuters) -The U.S. Federal Reserve is clear on the need for restrictive monetary policy to lower inflation, Fed Vice Chair Lael Brainard said on Monday, but the path and pace of rate increases will remain “data-dependent” as the central bank monitors the economy and the evolution of domestic …

Fed’s Brainard says rates to stay restrictive, but attentive to risks Read More »

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Another day, another stock market sell-off and round of Asian currency weakness kicked off what is shaping up to be another volatile week. Russia’s bombing of Kyiv and other Ukrainian cities on Monday darkened what was already a pretty bleak mood …

Marketmind: The song remains the same Read More »

By Giulio Piovaccari MILAN (Reuters) -Italian unions representing workers at Stellantis, Ferrari, Iveco and CNH Industrial will on Monday demand a wage rise of 8.4% to be paid in 2023 to offset rising inflation, a senior union source told Reuters. Europe’s cost-of-living crisis is putting upward pressure on wage inflation as companies across the continent …

Italy unions seek Stellantis, Ferrari wage rise of 8.4% for 2023 – source Read More »

By Markus Wacket and Rene Wagner BERLIN (Reuters) -Germany’s expert commission, charged with drawing up plans to ease the impact of high gas prices on consumers, delivered on Monday its policy proposals to Chancellor Olaf Scholz whose government faces pressure to curb inflation. Following 35 hours of consultations, the commission unanimously agreed on its recommendations …

German gas commission proposes 35-billion-euro plan to ease price pain Read More »

(Reuters) -Shareholders in Australia’s two top banks on Monday requested resolutions be put forth at upcoming annual general meetings to push the lenders disclose how they would avoid financing new or expanded fossil fuel projects. Australia and New Zealand Banking (ANZ), the country’s fourth-largest lender, said the resolution was proposed by shareholders holding about 0.01% …

ANZ, Westpac investors call for climate risk resolutions at AGMs Read More »

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The dollar wrecking ball is swinging its way through world markets again, after a solid U.S. jobs report strengthened the view that the Fed will deliver a fourth consecutive 75 basis- point rate hike at its next meeting. Wall Street tanked …

Marketmind: China back for dollar thwack Read More »

(Reuters) – China’s ambassador to the United States has thanked billionaire Elon Musk for proposing a special administration zone for Taiwan but stressed Beijing’s call for “peaceful reunification and ‘one country, two systems’” for the island. Days after floating a possible deal to end the war between Russia and Ukraine that drew condemnation in Ukraine, …

Chinese ambassador thanks Musk for proposal on Taiwan Read More »

TORONTO (Reuters) – Bank of Canada Governor Tiff Macklem said there is scope to slow the economy based on an “exceptionally high number” of job vacancies in the labor market. In an interview aired on CBC Radio on Sunday, Macklem said the current inflation fight is the biggest test the central bank has faced since …

Canada’s economy has scope to slow with vacant jobs, central-bank governor says Read More »