By Fergal Smith and Steve Scherer (Reuters) – With inflation surging, the Bank of Canada is likely to change its interest rate guidance in the new year so that it has the option to raise borrowing costs earlier than planned despite the threat the Omicron variant poses to growth, analysts said. Last week when it …
Despite Omicron, Bank of Canada likely to signal earlier rate hikes possible Read More »
BERLIN (Reuters) – There is no guarantee that Germany will decide on a successor to Bundesbank President Jens Weidmann at a cabinet meeting next Wednesday, a government spokesperson said. “I cannot promise or confirm that the succession of Jens Weidmann as head of the Bundesbank will be in the cabinet on Wednesday,” Steffen Hebestreit said …
No guarantee Germany will name new Buba chief on Wednesday – govt spokesperson Read More »
BRUSSELS (Reuters) – Euro zone inflation surged to its highest rate on record in November, the European Union’s statistics office Eurostat confirmed on Friday, with more than half of the increase due to a spike in energy prices. Eurostat said inflation in the 19 countries sharing the euro rose to 4.9%, a year-on-year surge in …
Euro zone inflation confirmed at record high in November Read More »
BERLIN (Reuters) -German business morale declined for a sixth straight month as Europe’s largest economy feels the effects of supply bottlenecks and COVID-19 restrictions, a survey showed on Friday. The Ifo institute said its business climate index fell to 94.7 in December from a revised 96.6 in November. A Reuters poll of analysts had pointed …
German business morale dips for sixth consecutive month Read More »
STOCKHOLM (Reuters) – Sweden will reintroduce some economic support measures for companies to help them get through a renewed onset of the pandemic that has led to rising infections and the re-imposition of some restrictions this month. The measures agreed between the Social Democrat minority government and the opposition include support for lost income for …
Sweden brings back pandemic relief for companies as infections rise Read More »
MEXICO CITY (Reuters) – Mexico’s economy faces the risk of “prolonged and more accentuated weakness” on softer consumer buying and investment, due in large part to the pandemic’s economic drag amid a weaker than expected global recovery. The warning for Latin America’s second-biggest economy was detailed in a report from the country’s financial stability council …
Mexican financial council warns of ‘prolonged’ economic weakness Read More »
(Reuters) – American Campus Communities Inc, the largest owner of student housing in the United States, said on Thursday the head of hedge fund Land & Buildings Investment Management LLC had not followed up on an interview for a position on the company’s board. The activist fund has been seeking a board seat and believes …
American Campus says hedge fund CEO did not follow up on board seat interview Read More »
SEOUL (Reuters) – South Korea’s finance minister said on Friday the government will prepare a new 4.3 trillion won ($3.6 billion) stimulus package to help support small-sized and self-employed businesses hurt by the reimposition of tougher COVID-19 curbs. Of the total package, some 3.2 trillion won would be allocated to provide 1 million won each …
S.Korea’s fin min to prepare $3.6 billion COVID-19 stimulus package Read More »
SYDNEY (Reuters) – Australian Treasurer Josh Frydenberg on Friday said Australia had been subject to “economic coercion” by China through various trade disputes, but argued the Asian giant would continue to need its resource exports. Speaking at a Reuters Breakingviews event, Frydenberg said China would find it especially hard to replace Australia’s iron ore exports …
Australia facing economic coercion from China – Treasurer Read More »
WELLINGTON (Reuters) – New Zealand business sentiment continued its slide in December, weighed down by concerns over finding skilled labour and the rising non-wage cost inflation, an ANZ Bank survey showed on Friday. The survey’s headline measure showed a net 23.2% of respondents expected the economy to deteriorate over the year ahead, compared with 16.4% …
New Zealand business confidence drops further in December Read More »
