SYDNEY (Reuters) – Two members of Australia’s central bank governing board will stand aside when their terms end later this year to make way for fresh appointments, according to Treasurer Jim Chalmers weeks ahead of the release of a formal review into the bank. Mark Barnaba and Wendy Craik will finish their five year terms …
Australian Treasurer flags two Reserve Bank board replacements Read More »
ISTANBUL (Reuters) – Turkey’s economic confidence index fell 0.3% month-on-month in February to 99.1 points, following massive earthquakes that devastated the country’s southern region, data from the Turkish Statistical Institute showed on Monday. The index, which points to an optimistic outlook when above 100 and pessimistic when below, hit a record low in 2020 before …
Turkish economic confidence down slightly in February Read More »
By Kitiphong Thaichareon and Satawasin Staporncharnchai BANGKOK (Reuters) – Thailand’s rice exports for January were at 805,519 tonnes, up 75.2% from a year earlier, helped by year-end orders, higher demand from the Middle East and a weak baht currency, the Commerce Ministry said on Monday. The value of rice exports rose 78.76% to 14.28 billion …
By Olena Harmash KYIV (Reuters) – When Russia invaded Ukraine a year ago, the shelves of the Novus supermarket chain in Kyiv quickly emptied as its supply chains – domestic and overseas – collapsed. Fresh produce became scarce and panic buying spread. Oleksiy Panasenko, deputy director general for operations at the popular outlet, recalls how …
DUBAI (Reuters) – Iran’s currency fell to a record low against the U.S. dollar on the unofficial market on Sunday, amid the country’s increasing isolation over its disputed nuclear programme, human rights violations and the supply of drones to Russia. The U.S. dollar was fetching as much as 601,500 rials on Iran’s unofficial market on …
Iran rial plunges to new lows amid unrest, international isolation Read More »
SYDNEY (Reuters) – Australia’s Treasurer Jim Chalmers said on Sunday that stubbornly-high inflation in the country has likely peaked, but conceded it remains a big economic challenge. Inflation is running at a 32-year high of 7.8% is only expected to slow to the top of the Reserve Bank of Australia (RBA)’s target range of 2-3% …
Australia’s treasurer says curbing inflation remains economic ‘main game’ Read More »
DUBAI (Reuters) – Iran’s rial currency sank to a record low against the U.S. dollar on Saturday despite central bank measures aimed at cooling demand for foreign currency from savers worried about inflation and the country’s economic prospects. The rial was trading at 575,000 on the unofficial free market against the dollar, compared to 540,000 …
Iran’s currency slides to record low as savers buy dollars Read More »
BRASILIA (Reuters) – A debate has broken out among senior aides to Brazilian President Luiz Inacio Lula da Silva over fuel taxes, underlining the competing views within his circle over the future path of his nascent leftist administration. Former far-right Jair Bolsonaro unveiled the fuel tax cut last year as he sought to ease inflation …
Debate grows among Lula’s team over Brazil fuel tax policy Read More »
By Lewis Krauskopf NEW YORK (Reuters) – Signs of a resilient U.S. economy are boosting the appeal of semiconductor stocks, even as worries over the Federal Reserve’s monetary policy tightening weigh on the sector along with the broader market. The Philadelphia SE Semiconductor index is up about 16% so far this year, dwarfing the 3% …
U.S. economic resilience could add luster to semiconductor shares Read More »
By Mike Scarcella (Reuters) – A California federal judge on Thursday dismissed antitrust claims against commercial real estate information services company CoStar Group Inc, in a feud with an industry rival platform that alleged it was unlawfully boxed out of competition. U.S. District Judge Consuelo Marshall in Los Angeles found CoStar’s commercial real estate listing …
CoStar defeats real estate rival’s antitrust claims in U.S. court Read More »
