(Reuters) – U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron coronavirus variant and many are adjusting their plans. Most major U.S. banks have had staff working in offices since the summer, …
Factbox-U.S. banks tighten COVID-19 precautions as Omicron variant spreads Read More »
LONDON (Reuters) -The European Central Bank cut support for the euro zone economy by another notch on Thursday but promised copious support for 2022, confirming its relaxed inflation view and indicating that any exit from ultra-easy policy will be slow. The ECB now sees inflation averaging 3.2% in 2022, versus the 1.7% projected in September, …
ECB dials back some stimulus, ups inflation forecast Read More »
FRANKFURT, Dec 16 (Reuters) – The European Central Bank cut support for the euro zone economy by another notch on Thursday but promised copious support for 2022, confirming its relaxed view on inflation and indicating that any exit from years of ultra-easy policy will be slow. Following are highlights of ECB President Christine Lagarde’s comments …
(Reuters) – Following is the text of European Central Bank President Christine Lagarde’s statement after the bank’s policy meeting on Thursday: Link to statement on ECB website: https://www.ecb.europa.eu/press/pressconf/2021/html/ecb.is211216~9abaace28e.en.html Good afternoon, the Vice-President and I welcome you to our press conference. The euro area economy continues to recover and the labour market is improving, helped by …
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LONDON (Reuters) -Turkey’s central bank cut its policy rate again as expected by 100 basis points to 14% on Thursday despite inflation soaring above 21%, sending the lira to a fresh record low. Below is the reaction from analysts to the latest move: JAKOB CHRISTENSEN, DANSKE BANK “We expect that even though they are now …
Turkish central bank rate cuts send lira to new record low Read More »
FRANKFURT, Dec 16 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council judges that the progress on economic recovery and towards its medium-term inflation target permits a step-by-step reduction in the pace of its asset purchases over the coming quarters. But monetary accommodation is still needed …
TEXT-Statement from the ECB following policy meeting Read More »
BRUSSELS (Reuters) – The euro zone’s trade surplus with the rest of the world was much smaller than expected in October, data showed on Thursday, as the bloc’s trade deficit in energy surged on higher gas and oil prices. The European Union’s statistics office Eurostat said the unadjusted trade surplus of the 19 countries using …
Euro zone trade surplus smaller than expected in Oct Read More »
By Maggie Fick and Duncan Miriri NAIROBI (Reuters) – When Prime Minister Abiy Ahmed took office in 2018, Ethiopia was one of the world’s fastest growing economies. His pledges to open up one of Africa’s last untapped markets thrilled investors. But a year of war between the government and rebellious forces from the northern Tigray …
A year of war in Ethiopia batters investors and citizens Read More »
By Francesco Guarascio and Panu Wongcha-um BRUSSELS/BANGKOK (Reuters) – Tens of millions of migrants may be denied COVID-19 vaccines from a global programme because some major manufacturers are worried about legal risks from harmful side effects, according to officials and internal documents from Gavi, the charity operating the programme, reviewed by Reuters. Nearly two years …
Refugees lack COVID shots because drugmakers fear lawsuits – documents Read More »
PARIS (Reuters) – French business activity has expanded at a slower pace in December compared with last month, an initial estimate in a monthly survey of purchasing managers showed on Thursday, a trend partly due to the Omicron COVID-19 variant. Data compiler IHS Markit said that its flash composite PMI index for December, which includes …
French recovery slows down in December as Omicron weighs – PMI Read More »
