ISTANBUL (Reuters) -Turkey’s annual inflation rate is expected to have hit 30.6% in December, according to a Reuters poll, breaching the 30% level for the first time since 2003 as prices rose due to record lira volatility. The 30.6% median forecast of 13 economists would be the highest since May 2003 – with forecasts ranging …
Turkish inflation seen above 30% in December amid lira weakness Read More »
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel is expected to keep short-term interest rates unchanged this week, its 14th such decision in a row, although analysts are expecting a hawkish tone that could lead to higher rates in the coming months as inflationary pressures mount. All 12 economists polled by Reuters forecast …
Bank of Israel expected to hold rates Monday, with hikes not far off – Reuters poll Read More »
WASHINGTON (Reuters) -The United States on Saturday cut Ethiopia, Mali and Guinea from access to a duty-free trade program, following through on President Joe Biden’s threat to do so over alleged human rights violations and recent coups. “The United States today terminated Ethiopia, Mali and Guinea from the AGOA trade preference program due to actions …
U.S. cuts off Ethiopia, Mali, Guinea from Africa duty-free trade program Read More »
RIO DE JANEIRO (Reuters) – Brazilian President Jair Bolsonaro approved a bill that extends payroll tax exemptions for 17 sectors of the economy in a bid to boost job creation, according to a decision published in the official gazette late on Friday. The exemption was extended for another two years until end-2023, and benefits meatpackers, …
Brazil’s Bolsonaro extends tax breaks for labor-intensive industries Read More »
ISTANBUL (Reuters) – Inflation soared by the most in at least a decade in Turkey’s biggest city Istanbul last month, according to data on Saturday, and President Tayyip Erdogan’s government sharply raised nationwide electricity and natural gas prices for the new year. Prices also jumped for petrol, car insurance and some bridge tolls, adding more …
Turkey hikes energy prices; Istanbul monthly inflation highest in decade Read More »
By Stephen Culp and Echo Wang NEW YORK (Reuters) – Wall Street closed near record highs in light trading on Friday, the last trading day of 2021, marking the second year of recovery from a global pandemic. All three major U.S. stock indexes scored monthly, quarterly and annual gains, notching their biggest three-year advance since …
Wall Street ends tumultuous year near record highs Read More »
By Naveen Thukral and Florence Tan SINGAPORE (Reuters) – Commodity prices from energy and metals to agricultural products rebounded sharply in 2021, with power fuels leading the rally, driven by tight supplies and a strong economic recovery as COVID-19 vaccinations staved off widespread lockdowns. Global demand for commodities is expected to remain robust in 2022 …
LNG, coal lead 2021 commodities rally as markets eye COVID-19 for next move Read More »
BOSTON (Reuters) – Investment firm Arkhouse Partners is seeking to take control of real estate investment company Preferred Apartment Communities’ board and nominated five directors, two sources familiar with the matter said on Friday. Arkhouse is aiming to oust the majority of Preferred Apartment Communities’ eight board members, the sources said, adding the nominations have …
Arkhouse Partners nominates directors to Preferred Apartment Communities board -sources Read More »
By George Obulutsa NAIROBI (Reuters) -Kenya’s economy rebounded in the third quarter of the year following the easing of measures aimed at curbing COVID-19’s spread, the finance minister and the statistics office said on Friday. The economy grew 9.9% year-on-year during the quarter, compared with a contraction of 2.1% in the same period in 2020, …
Kenya GDP growth rebounds in third quarter of 2021 – finance minister Read More »
RIO DE JANEIRO/SAO PAULO (Reuters) -André Esteves, a Brazilian banking executive who was briefly jailed on suspicion of corruption, but whose name was later cleared, has obtained all regulatory approvals to formally re-enter Banco BTG Pactual SA’s controlling group, the bank said in a Thursday securities filing. The so-called G7 is a group of five …
Brazil’s Esteves formally rejoins controlling group of BTG Pactual Read More »
