By P.J. Huffstutter CHICAGO (Reuters) – Soaring grain and livestock prices are expected to push U.S. farm incomes to a historic high this year, as producers benefit from strong global grain and oilseed demand amid tight supplies, the U.S. Department of Agriculture reported on Thursday. Net farm income – which is a broad measure of …
U.S. farm incomes seen soaring to new highs on global food, feed demand Read More »
ZURICH (Reuters) – Hurricane Ian and other natural catastrophes have caused an estimated $115 billion of insured losses so far this year, well above the 10-year average of $81 billion, Swiss Re estimated on Thursday. Natural and man-made disasters did economic damage of $268 billion, of which $122 billion was covered by insurance, making 2022 …
Disasters caused total of $122 billion in insured losses in 2022 – Swiss Re Read More »
ZURICH (Reuters) – Swiss consumer price inflation held steady at 3.0% in November but still overshot the Swiss National Bank’s 0-2% target range for the 10th month in a row, data showed on Thursday. Economists had on average expected the year-on-year rate to hold steady at October’s 3.0%, off peaks at mid-year that touched a …
Swiss inflation steady at 3.0% in November as expected Read More »
By Davide Barbuscia and David Randall (Reuters) – A rally in U.S. stocks and bonds powered ahead after a speech by Federal Reserve Chairman Jerome Powell on Wednesday, but some investors believe a looming recession could cap gains in both asset classes. Though asset prices have been battered by the Fed’s rate rises this year, …
Analysis-Markets sigh with relief after Powell speech, but more turbulence likely ahead Read More »
By Kevin Yao BEIJING (Reuters) – China’s $17 trillion economy is headed for one of its worst showings this year in almost half a century, but its central bank has limited options in its armoury for providing policy support as it would want to avoid stoking capital flight. The People’s Bank of China (PBOC) is, …
Analysis-China central bank to offer limited, targeted growth support, no bazooka Read More »
By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s inflation rate eased in November but stayed above the central bank’s target range for the sixth consecutive month amid rising food prices and higher transportation fares, official data showed on Thursday. The headline annual inflation rate was 5.42% in November, compared with 5.71% in October and 5.50% expected …
Indonesia November inflation cools further but stays above target Read More »
MOSCOW (Reuters) – Russia’s manufacturing sector expanded at its fastest pace in almost six years in November thanks to an increase in output and new orders, a business survey showed on Thursday, rebounding from a dip towards contraction last month. The S&P Global Purchasing Managers’ Index (PMI) rose in November to 53.2 from 50.7 in …
Russia factory activity grows at fastest pace in almost six years in Nov – PMI Read More »
By Axel Threlfall and Michelle Nichols NEW YORK (Reuters) -The United Nations will ask for 25% more money in 2023 to fund humanitarian aid operations globally, the U.N. aid chief told a Reuters NEXT event on Wednesday, where he also warned that while famine would not yet be declared in Somalia, people were already dying …
U.N. aid chief wants 25% more money in 2023, no famine in Somalia yet Read More »
By Krystal Hu (Reuters) -John Curtius, a former partner at investment firm Tiger Global, is in talks with institutional investors to raise $1 billion for his new venture fund Cedar Investment Management, a person familiar with the matter told Reuters. The fund will focus on investing in early stage enterprise software companies in the United …
By Anthony Esposito and Isabel Woodford MEXICO CITY (Reuters) – The Bank of Mexico on Wednesday issued more upbeat forecasts for inflation and economic growth, while highlighting that the end of its 17-month interest rate hiking cycle could be in sight. Banxico, as the Mexican central bank is known, said headline inflation likely peaked in …
Bank of Mexico upbeat on inflation, growth; end of rate-hike cycle in view Read More »
