ISTANBUL (Reuters) – Retail prices in Turkey’s largest city, Istanbul, rose 3.83% month-on-month in February for an annual increase of 78.62%, the Istanbul Chamber of Commerce (ITO) said on Wednesday. Wholesale prices in the city, home to around a fifth of Turkey’s population of 85 million, increased by 2.38% month-on-month in the same period for …
Istanbul retail prices up 3.83% monthly in February -Chamber Read More »
MADRID (Reuters) – Factory activity in Spain expanded in February for the first time since June as demand started to improve, boosting confidence about the business outlook, a survey showed on Wednesday. S&P Global’s Purchasing Managers’ Index (PMI) for Spanish manufacturing rose to 50.7 in February, from 48.4 in January, above the 50.0 mark that …
Spanish factory output expands in Feb for first time since June 2022 -PMI Read More »
By Devayani Sathyan BENGALURU (Reuters) – New Zealand house prices are set to fall further this year than previously thought, according to a Reuters poll of property analysts who forecast a peak-to-trough slump of over 20% as the central bank continues to hike interest rates aggressively. Average house prices peaked in November 2021, having risen …
New Zealand home prices to fall over 20% from November 2021 peak: Reuters Poll Read More »
By Nelson Bocanegra BOGOTA (Reuters) – The decision by Colombia’s leftist President Gustavo Petro to replace three ministers this week, as well as the forecast costs of a health reform making its way through Congress, sowed uncertainty in markets on Tuesday, prompting falls in the stock market and peso. On Monday Petro removed ministers from …
Colombia cabinet shuffle, health reform cause markets to wobble Read More »
By Michael S. Derby (Reuters) – Authorities need to move beyond ad-hoc responses to episodes of government bond market tumult and clarify how a central bank or other parts of government will respond to new rounds of trouble, a new paper published by the New York Federal Reserve said. “Official-sector market-function purchase programs should be …
NY Fed paper says government should clarify, formalize bond market interventions Read More »
By Siddharth Cavale and Uday Sampath Kumar NEW YORK (Reuters) – Retailers have a new sweet spot: products that cost $3 to $5. Target said on Tuesday that it would be stocking its shelves with more products priced under $10 as the retailer tries to appeal to more cost-conscious consumers dealing with once-in-a-generation inflation. This …
US retailers’ lure cash-strapped customers with products under $5 Read More »
(Reuters) – The Federal Reserve must supplement traditional government data and readings from financial markets with real-time, on-the-ground observations of economic conditions if it is to make good policy, Chicago Fed President Austan Goolsbee said on Tuesday. “This is especially true when things are as strange and up in the air as they have been …
Fed should not rely too much on market reaction to guide policy, Goolsbee says Read More »
(Reuters) – The boards of directors of the Atlanta and Dallas Federal Reserve Banks voted in mid-January to keep unchanged the rate charged to commercial banks for emergency loans, minutes of their discount rate meetings showed on Tuesday. Meanwhile directors on the boards of the Cleveland, St. Louis and Minneapolis Fed banks voted for a …
Two Fed bank boards sought no change to rates ahead of February meeting Read More »
(Reuters) – Consumer prices in Spain resumed their upward trend, rising 6.1% year-on-year in February, a faster pace than the 5.9% during the 12 months to January, and above the 5.7% expected by analysts polled by Reuters, preliminary data from the National Statistics Institute (INE) showed on Tuesday. After Spain contained price growth in the …
Spain’s inflation resumes upward trend, rises to 6.1% in February Read More »
ZURICH (Reuters) – The Swiss economy showed no growth in the fourth quarter of 2022, the government said on Tuesday, as a “challenging international situation” hit manufacturing and exports. The 0% growth rate missed forecasts and marked a slowdown from the 0.2% increase in the third quarter, said the State Secretariat for Economic Affairs (SECO), …
Swiss economic growth flat in Q4 as exports and manufacturing drop Read More »
