By Indradip Ghosh and Prerana Bhat BENGALURU (Reuters) – The Federal Reserve is expected to deliver two back-to-back half-point interest rate hikes in May and June to tackle runaway inflation, according to economists polled by Reuters who also say the probability of a recession next year is 40%. With the unemployment rate near a record …
Fed to raise rates aggressively in coming months, say economists Read More »
LISBON (Reuters) – Portugal’s ailing state-owned airline TAP on Monday posted an annual loss of 1.6 billion euros ($1.74 billion) hurt by the closure of its aircraft maintenance business in Brazil and the depreciation of the euro against the dollar. The airline, which is 72.5% controlled by the Portuguese state, is under a Brussels-approved rescue …
Portugal’s airline TAP posts 1.6 billion euro loss due to Brazil business closure Read More »
A look at the day ahead in markets from Saikat Chatterjee. Relief that the far right did not win the first round of French presidential elections lasted only a few hours. The euro has slid back towards Friday’s levels while French stocks are set for a lacklustre start. With French leader Emmanuel Macron and far …
(Reuters) – Uno sguardo alla giornata sui mercati a cura di Saikat Chatterjee. E’ durata giusto un paio d’ore la sensazione di sollievo dopo il primo turno delle presidenziali francesi, che ha sancito uno scarto superiore al previsto di Emanuel Macron su Marine Le Pen. L’euro è tornato sui livelli di venerdì e la borsa …
(Reuters) – The Russian rouble weakened sharply in jittery trade on Monday, reversing some of the previous week’s gains, after the central bank decided to relax temporary capital control measures aimed at limiting a drop in the currency. Late on Friday the central bank said it will scrap a 12% commission for buying foreign currency …
Rouble falls sharply as Russia relaxes some capital controls Read More »
By David Lawder WASHINGTON (Reuters) -Ukraine’s economic output will likely contract by a staggering 45.1% this year as Russia’s invasion has shuttered businesses, slashed exports and rendered economic activity impossible in large swaths of the country, the World Bank said on Sunday in a new report. The World Bank also forecast Russia’s 2022 GDP output …
War to slash Ukraine’s GDP output by over 45%, World Bank forecasts Read More »
ZURICH (Reuters) – Austrian specialty steelmaker Voestalpine is in advanced talks to sell a majority stake in its Texas plant, it said on Sunday. “In recent months, voestalpine has been conducting an open-ended market sounding to stabilize the business model of its direct reduction plant in Corpus Christi, Texas,” the Austrian firm said in a …
Voestalpine in advanced talks to sell majority stake in Texas plant Read More »
WASHINGTON (Reuters) – Inflation will remain high this year and next even as the Fed moves steadily to lower the pace of price increases, Cleveland Fed president Loretta Mester said Sunday in an interview on CBS’ “Face the Nation.” By making home, auto and other loans more expensive, Fed interest rate increases and other actions …
By Julie Gordon and Nichola Saminather OTTAWA (Reuters) – Canada has an ambitious plan to double the pace of homebuilding within a decade but the first big challenge is finding enough skilled workers, as the country grapples with the tightest labor market on record and with construction already at a multi-year high. Building more homes …
Canada plans to double homebuilding in decade, but where are the workers? Read More »
HONG KONG (Reuters) – Hong Kong will re-launch its inaugural retail green bond this month as the coronavirus pandemic eases to raise as much as HK$20 billion ($2.55 billion), the city’s financial chief said on Sunday. The Asian financial hub last month delayed a sale worth HK$6 billion because of the rapid spread of COVID-19. …
Hong Kong to sell up to $2.55 billion retail green bond this month Read More »
