(Reuters) -Middle East tensions are escalating sharply and propelling oil prices higher as a raft of major central banks, led by the U.S. Federal Reserve, make interest rate decisions and G7 leaders meet in Canada. Here’s a look at what’s coming up for world markets in the week ahead from Rae Wee in Singapore, Lewis …
By Dhara Ranasinghe and Amanda Cooper LONDON (Reuters) -The dollar has sunk to its lowest in three years as rapidly changing U.S. trade policy unsettles markets and expectations build for Federal Reserve rate cuts, fuelling outflows from the world’s biggest economy. While the dollar was higher on Friday, lifted by safe haven flows as Israel …
BERLIN (Reuters) -German inflation eased to 2.1% in May, the federal statistics office said on Friday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen by 2.2% year-on-year in April. (Reporting by Rachel More, editing by Thomas Seythal)
(Reuters) -German wholesale prices rose by 0.4% in May compared with the same month last year, according to data released by the federal statistics office on Friday. The office offers more detailed economic data on its website. (Reporting by Tristan Veyet in Gdansk, editing by Rachel More)
BANGKOK (Reuters) -Thailand’s central bank chief said there was a need for greater flexibility and tolerance regarding deviations from inflation targets, citing risks associated with excessive fine-tuning of monetary policy. Inflation may deviate from targets more often and more persistently even as it is anchored over time, Bank of Thailand Governor Sethaput Suthiwartnarueput said in …
Thai central bank chief sees need for greater inflation target flexibility Read More »
By Miho Uranaka TOKYO (Reuters) -SBI Shinsei Bank, a unit of SBI Holdings, plans to file as early as next month for a relisting on the Tokyo Stock Exchange, two people familiar with the matter said. The bank, which aims to go public again by the end of the year, would follow a series of …
Exclusive-SBI Shinsei Bank preparing to relist by year-end, sources say Read More »
SYDNEY (Reuters) -Manufacturing activity in New Zealand fell back into contraction in May, after four straight months of expansion, because of weak demand, rising costs and low business confidence amid global economic uncertainties, a survey showed on Friday. The Bank of New Zealand-Business NZ’s seasonally adjusted Performance of Manufacturing Index (PMI) dipped to 47.5 from …
New Zealand manufacturing contracts in May amid economic uncertainties Read More »
By Shariq Khan NEW YORK (Reuters) -Citadel has hired veteran U.S. oil and fuel trader Shai Barnea as a portfolio manager for its refined products trading business as the U.S. hedge fund pushes deeper into commodities markets, two sources familiar with the matter said on Thursday. Barnea had spent over a decade at trading firm …
Citadel hires veteran US trader Barnea to bolster fuel trade, sources say Read More »
(Reuters) -U.S. liquefied natural gas producer NextDecade said on Thursday that its units have finalized contracts with Bechtel Energy to construct train 4 and train 5 at its Rio Grande LNG facility, with a combined value of about $9 billion. Under engineering, procurement, and construction (EPC) contracts, NextDecade agreed to pay Bechtel about $4.77 billion …
NextDecade signs $9 billion contracts with Bechtel for construction of LNG sites Read More »
BUENOS AIRES (Reuters) -Argentina’s monthly inflation rate slowed to its lowest level in more than five years in May, official data showed on Thursday, adding momentum to President Javier Milei’s drive to rid the country of chronically soaring prices. Prices during the month rose just 1.5% from the month before, national statistics agency INDEC said, …
Argentina inflation tumbles to five-year-low 1.5% in boost for Milei Read More »
