By Jorge Otaola and Miguel Lo Bianco BUENOS AIRES (Reuters) -Argentina’s monthly inflation rate slowed down more than expected to come in at 13.2% in February, a boost for libertarian President Javier Milei who is pushing tough austerity to try to tame the world’s fastest-rising prices. The still sky-high monthly rate, published on Tuesday, marks …
Argentina inflation, world’s highest, slows down in boost for Milei Read More »
By Jonathan Stempel NEW YORK (Reuters) -A federal appeals court on Tuesday revived a lawsuit by a whistleblower who accused McKesson of providing drug pricing tools to doctors for free, to induce them to buy drugs from the company. The 3-0 decision by the 2nd U.S. Circuit Court of Appeals in Manhattan restored state law …
McKesson whistleblower’s kickback lawsuit is revived Read More »
(Reuters) – The U.S. federal budget deficit grew in February with outlays surging as annual tax-filing season kicked into gear and interest costs on the national debt kept rising, the U.S. Treasury Department said on Tuesday. The deficit last month was $296 billion, 13% larger than the $262 billion shortfall in February 2023. Outlays for …
US February budget deficit climbs on interest costs, tax refunds Read More »
(Reuters) – European shares opened trade on a higher note on Tuesday, with support from strong corporate earnings, while investors awaited key U.S. inflation data for more clues on the Federal Reserve’s interest rate-cut trajectory. The pan-European STOXX 600 was up 0.4%, as of 0812 GMT, just shy of a record peak touched last week. …
European shares rise on earnings support; US inflation data in focus Read More »
BERLIN (Reuters) – German inflation eased in February to 2.7%, the federal statistics office said on Tuesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen by 3.1% year-on-year in January. The statistics office gives more detailed monthly data on its website. (Reporting by Rachel More)
A look at the day ahead in European and global markets from Ankur Banerjee Asian stocks resumed their recent upward drift on Tuesday, reaching seven month highs even as many traders awaited U.S. inflation due later in the day. But in European hours it will be UK wage data at centre stage, keeping investors in …
KUALA LUMPUR (Reuters) – Malaysia’s industrial production grew faster than expected in January, rising 4.3% from a year earlier, government data showed on Tuesday. The rate of expansion was the quickest since May last year, when factory output rose 4.7%. January’s output had been forecast to expand 2%, according to 11 economists surveyed in a Reuters …
Malaysia’s Jan industrial production up 4.3%, above forecast Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market have grown skittish ahead of Tuesday’s release of inflation data that could sway the Federal Reserve’s monetary policy trajectory. Options on the S&P 500-tracking SPDR S&P 500 Trust ETF were primed for a 1% swing in the fund’s shares in …
Options players ready for market swings after US inflation data Read More »
By Walter Bianchi and Eliana Raszewski BUENOS AIRES (Reuters) -Argentina’s government launched a huge voluntary debt swap on Monday of peso and some dollar-linked instruments set to mature in 2024, a bid to push back repayments amid a major economic crisis hammering the South American country. The debt, which includes 15 different instruments with a …
Argentina launches $65 billion bond swap to ease 2024 debt load Read More »
(Reuters) -Bitcoin is back in the headlines, having roared to a new record high, just as many of the world’s major central banks are starting to pave the way towards cutting interest rates, but only if inflation behaves. Investment flows into cryptocurrencies, inflation numbers from the United States, China and the UK, as well as …
