BUENOS AIRES (Reuters) -A silver mine owned by Canada’s Pan American Silver in Argentina was back in limbo on Monday after the provincial government repealed a mining law approved last week. “We have decided to repeal the law and promote a plebiscite at the provincial level to listen to all the voices of the people,” …
Pan America’s Argentina silver mine back in limbo after mining law repealed Read More »
By P.J. Huffstutter and Leah Douglas CHICAGO (Reuters) -The Department of Agriculture overpaid U.S. corn farmers in 2019 by around $3 billion for impacts from former President Donald J. Trump’s trade policies, in part because the agency over-estimated the value of their lost export business, according to a nonpartisan government agency report released Monday. The …
U.S. overpaid corn farmers $3 billion in Trump trade aid -GAO Read More »
MADRID (Reuters) – Rising inflation in the Eurozone will not be as temporary as initially expected, European Central Bank vice president Luis de Guindos said on Monday. “Our inflation is more persistent and, let’s say, not as temporary as we expected,” De Guindos said in an interview with radio station COPE. The ECB expects the …
Eurozone inflation hike not as temporary as expected, says ECB’s De Guindos Read More »
By Kate Abnett BRUSSELS (Reuters) – The European Commission plans to finish next year its long-awaited rules on whether to label gas and nuclear energy as climate-friendly investments under EU green finance rules, its environment policy chief said on Monday. The European Union’s executive Commission is considering whether to include nuclear and natural gas in …
EU plans to finish green investment rules for gas and nuclear next year Read More »
By David Lawder WASHINGTON (Reuters) – Western sanctions are squeezing Belarus’ economy and limiting its financing options, International Monetary Fund staff said on Monday, recommending that Minsk cut fiscal expenditures to reduce its foreign-currency borrowing. The IMF said in a staff statement following the first Article IV economic consultations with Belarus in three years that …
IMF says Belarus squeezed by Western sanctions, spending should be cut Read More »
ANKARA (Reuters) – Turkish President Tayyip Erdogan introduced a series of measures that aimed to prevent further dollarisation and encourage savings to be made in lira, as he repeated a defence of his low-rates policy, even as the lira crashed to record lows. Speaking after a cabinet meeting, Erdogan said the measures would ensure citizens …
Erdogan announces new Turkey measures to halt dollarisation, defends low-rates policy Read More »
(Reuters) – Leafly on Monday reiterated it was on track deliver on its financial targets for 2021, a sign that the top cannabis-focused website was bucking broader industry weakness ahead of its planned Nasdaq debut next month. The company earlier in the day got approval from the U.S. securities regulator for its registration statement, clearing …
Top cannabis site Leafly reaffirms forecast ahead of planned market debut Read More »
FRANKFURT (Reuters) -Germany’s new government has picked Joachim Nagel, a career central banker with ties to the ruling Social Democratic party, as the next Bundesbank chief, Finance Minister Christian Lindner said on Monday. Nagel, a former Bundesbank board member, will take over on Jan. 1 from Jens Weidmann, who quit five years early after a …
New German government picks Joachim Nagel as next Bundesbank chief Read More »
AMSTERDAM (Reuters) – Inflation in the Netherlands is set to remain elevated until at least 2023 as a labour shortage drives up wages during an economic boom, the Dutch central bank (DNB) said on Monday. Inflation in the euro zone’s fifth-largest economy is likely to run at 3.0% in 2022 and 2.9% in 2023, after …
Wage rises set to push up Dutch inflation through 2023 – central bank Read More »
By Pawel Florkiewicz and Alan Charlish WARSAW (Reuters) – Poland will likely see a 50-basis-point rate hike in January and that will not be the end of policy tightening, central banker Lukasz Hardt said on Monday, though a dovish Monetary Policy Council (MPC) colleague said hiking too much could hurt growth. With inflation hitting 7.8% …
Polish central bankers see hikes ahead, but split on scale Read More »
