By Marc Frank and Mario Fuentes HAVANA (Reuters) – Cuban entrepreneurs Henry and Yendri Garcia have long peddled home-made ice cream in their small town of Bauta outside the capital Havana, but now they are dreaming big. Communist-run Cuba in August lifted a ban on private companies in place since 1968, a move that has …
Cuba’s economic reforms allow small entrepreneurs to dream big Read More »
By Guy Faulconbridge LONDON (Reuters) – The West must send a strong message to Russia to deter it from invading Ukraine, including cutting Russia off from the SWIFT payment system, sanctioning the Nord Stream 2 pipeline and strengthening NATO’s eastern flank, Latvia said on Tuesday. Hours before U.S. President Joe Biden and Russian President Vladimir …
West could cut Russia from SWIFT, sanction Nord Stream, Latvia says Read More »
(Reuters) – U.S. Senator Elizabeth Warren, who sits on the Senate committee that oversees the Federal Reserve, has demanded the central bank disclose its leaders’ personal investments and ethics guidance given to them, representing more scrutiny of Fed Chair Jerome Powell’s handling of a conflict-of-interest controversy ahead of his renomination hearing. Two of the 12 …
U.S. senator demands Fed chair disclose details on trading by officials Read More »
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel said on Tuesday it bought $4 billion of foreign currency in November, its highest monthly amount since May, in a bid to contain a surging shekel. Over the first 11 months of 2021, the central bank bought some $34 billion of foreign exchange. In November …
Bank of Israel bought $4 billion of FX in Nov, hits $34 billion in 2021 Read More »
TOKYO (Reuters) -Japan will provide aid worth more than $2.8 billion in next three years aimed at combatting malnutrition exacerbated by the coronavirus pandemic, Prime Minister Fumio Kishida told an online summit on nutrition for growth on Tuesday. The event, hosted by Japan and participated in by more than 80 countries and agencies, comes when …
Japan to provide $2.8 billion worth of aid for better nutrition -PM Kishida Read More »
By Terje Solsvik OSLO (Reuters) – Capacity constraints in the Norwegian economy increasingly hamper business growth, pushing up private-sector wages, a quarterly central bank survey of companies showed on Tuesday. While the survey itself could provide ammunition for a hike in interest rates as soon as next week, as long planned by Norges Bank, a …
Bottlenecks add to wage pressure in Norway, central bank survey finds Read More »
BRUSSELS (Reuters) – Household consumption was the main driver of euro zone economic growth in the third quarter, the European Union’s statistics office data showed on Tuesday, with a further positive contribution from trade. Eurostat confirmed the euro zone economy expanded 2.2% quarter-on-quarter in the July-September period for a 3.9% year-on-year rise as the economy …
Household consumption drives euro zone Q3 GDP growth Read More »
BERLIN (Reuters) -German investor sentiment deteriorated in December as a fourth wave of COVID-19 infections and persistent supply bottlenecks in manufacturing clouded the growth outlook for Europe’s largest economy, a survey showed on Tuesday. The ZEW economic research institute said its economic sentiment index fell to 29.9 from 31.7 points in November. A Reuters poll …
COVID curbs, supply problems darken German investor morale Read More »
By Wayne Cole SYDNEY (Reuters) -Australia’s central bank left interest rates at a super-loose 0.1% on Tuesday and stuck with its bond buying plans, resisting pressure to follow its U.S. counterpart in signaling an earlier winding down of stimulus. Wrapping up the last policy meeting of the year, the Reserve Bank of Australia’s (RBA) Board …
Australia’s central bank sticks with policy patience, no rush to taper Read More »
DUBAI (Reuters) – The United Arab Emirates’ non-oil private sector notched its 12th consecutive month of growth in November, slightly outpacing the prior month, when it expanded at its fastest rate in more than two years, a survey showed on Tuesday. The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), inched up to 55.9 …
UAE non-oil private economy continues solid growth in November – PMI Read More »
