LONDON (Reuters) – Markets will wind down in coming days for the festive break. Then again, let’s not call it a day just yet. Most central banks have wrapped up meetings for the year, but they also raised a fresh set of questions for investors to mull over. U.S. data, meanwhile, should shed light on …
By Tuvan Gumrukcu ANKARA (Reuters) -President Tayyip Erdogan said he had lowered Turkey’s inflation to around 4% before and that he will achieve that again, as it topped 21% following a push for aggressive cuts in interest rates that he has engineered. Erdogan has said that policy, which has sent the country’s lira crashing, was …
Turkey’s Erdogan says he’s cut inflation to 4% before, can do again Read More »
ATHENS (Reuters) – Greece will provide further financial relief to households, businesses and farmers facing higher outgoings due to surging energy prices, Prime Minister Kyriakos Mitsotakis said on Saturday. Natural gas prices have hit record highs in recent months, with energy demand outpacing supply as global economies recover from the COVID-19 pandemic, increasing energy costs …
Greece plans more relief for homes and businesses hit by energy costs Read More »
ZURICH (Reuters) – European Central Bank (ECB) policymaker Robert Holzmann said on Saturday the ECB will quickly be able to assess if inflation falls as expected next year and can adjust its monetary policy accordingly. “There are indications that there’s a danger that inflation comes in higher (than the current forecast),” Holzmann told Austrian broadcaster …
ECB ready to adjust policy if inflation doesn’t fall as expected – Holzmann Read More »
MADRID (Reuters) – Spain’s truck drivers have called off a three-day strike during the week leading up to Christmas after reaching an agreement with the government late on Friday, the national truck driving association said. It said the agreement means drivers will not have to load and unload goods from trucks, a “historic claim of …
By Lisandra Paraguassu RIO DE JANEIRO (Reuters) – A summit of the South American trade bloc Mercosur ended on Friday without a final presidential statement, as member nations failed to reach an agreement to reduce import tariffs amid a sharp rise in inflation. Members of Mercosur, a common market formed by Argentina, Brazil, Paraguay and …
Mercosur meeting ends without deal on import tariff cuts Read More »
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund’s Executive Board on Friday said it has formed a steering group to lead a review to improve institutional safeguards on data and governance after clearing IMF Managing Director Kristalina Georgieva of wrongdoing in a World Bank data-rigging scandal. The IMF board said in a statement …
IMF board forms group to review data integrity after World Bank scandal Read More »
By Diego Oré MEXICO CITY (Reuters) – Mexico should become the top player in the North American marijuana market once the process of legalization is complete, according to the first company given permission by the country’s highest court to commercialize cannabis. Mexico’s lower house of Congress in March backed decriminalization of cannabis for recreational, scientific, …
Canada’s Xebra Brands bets on Mexico as future leader of industrial pot production Read More »
By Valentina Za MILAN (Reuters) – State-owned Italian bank Monte dei Paschi di Siena (MPS) said on Friday it needed 2.5 billion euros ($2.8 billion) in capital, as Rome seeks more time to reprivatise it following a failed sale attempt. Italy has worked in vain to meet an end-2021 deadline to return MPS to private …
Italy’s Monte dei Paschi plans to raise 2.5 billion euros in capital Read More »
CHICAGO (Reuters) – Seaboard Foods, the nation’s second-biggest pig producer, said on Friday it will limit sales of certain pork products in California due to a measure requiring farmers to provide more space for animals raised for food sold in the state. The company, which produces about 7.2 million hogs a year, “will no longer …
U.S. pork producer to limit sales in California over new pig law Read More »
