By John Irish PARIS (Reuters) -Leaders meeting this week at a summit in Paris are set to back a push for multilateral development banks like the World Bank to put more capital at risk to boost lending, according to a draft summit statement seen by Reuters. Multilateral development banks are expected to be at the centre of …
Paris finance summit to push development banks to take on more risk -draft Read More »
A look at the day ahead in European and global markets from Tom Westbrook British inflation figures this morning could take traders’ minds off England’s cricket defeat, should they show the slowdown that economists are hoping for. Reuters’ poll shows expectations that headline month-on-month CPI eases to 0.5% in May from 1.2% a month earlier, …
Marketmind: Nevermind the cricket, here’s inflation Read More »
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Tuesday he was sticking for now with the government’s forecast of 1% economic growth for 2023. “I confirm the growth forecast for 2023,” Le Maire told France 2 television. “I am lucid about the economic environment with several of our neighbours in recession…so we …
France’s Le Maire sticks to 2023 economic growth forecast for now Read More »
BRASILIA (Reuters) -Brazil’s Senate Economic Affairs Committee has granted the opposition a 24-hour delay on a vote on new fiscal rules considered crucial by the government of President Luiz Inacio Lula da Silva. The new fiscal framework, mentioned by S&P in its outlook improvement for Brazil, is seen a key tool for the government to …
Brazil Senate committee delays vote on new fiscal rules until Wednesday Read More »
By Ann Saphir SAN FRANCISCO (Reuters) -Pandemic-related snarls in global supply chains have mostly receded, but their after-effects still account for a big chunk of excess U.S. inflation, an analysis published Tuesday by the San Francisco Federal Reserve Bank showed. Supply shortages from supply chain disruptions drove most of the upswing in inflation since April …
Supply chain hangover still feeding inflation -SF Fed paper Read More »
PARIS (Reuters) – The French economy is on course to avoid a recession this year while inflation pressures ease though growth and will only gradually pick up in the coming two years, the central bank forecast on Wednesday. In its quarterly outlook, the Bank of France said the euro zone’s second-biggest economy would grow 0.1% …
French central bank sees modest recovery as inflation eases Read More »
By David Ljunggren OTTAWA (Reuters) – Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline. The reweighting, which Statistics Canada carries out every year, has historically had only a marginal impact …
Canada retools inflation baskets, more focus on food, gas prices Read More »
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Vice Chair for Supervision Michael Barr on Tuesday said the U.S. central bank is at the beginning of exploring how it can move more swiftly when its bank regulators spot issues at banks outside of crisis periods. “We’re not an institution that moves quickly on …
Fed’s Barr says Fed exploring how to speed up bank oversight process Read More »
(Reuters) – Australian airline Regional Express on Tuesday forecast an operational loss for fiscal 2023, citing a global shortage of pilots and engineers, as well as significantly lower business travel in May and June. The carrier said it was now expecting to record a group operational loss of A$35 million ($23.8 million) for the financial …
Australia’s Regional Express warns of losses in fiscal 2023 Read More »
BERLIN (Reuters) -German producer prices rose at their slowest pace in more than two years in May, according to data released on Tuesday, in a further sign inflation in Europe’s largest economy is easing. Producer prices of industrial products were up 1.0% compared with May 2022, the Federal Statistical Office reported. That is the smallest …
German May producer prices rise at slowest pace in over two years Read More »
