VALLETTA (Reuters) – Malta’s government said on Monday it would spend 10% of its recurrent expenditure next year to maintain a freeze on energy and fuel prices. Energy prices on the Mediterranean island have been frozen since the outbreak of the COVID-19 pandemic in 2020, sparing businesses and households the sort of inflationary surge seen …
Malta to maintain energy prices at pre-COVID levels Read More »
(Reuters) – Telehealth startup Cerebral Inc is cutting its workforce by 20%, a company spokesperson said on Monday. The Wall Street Journal reported earlier that the company, which provides mental health services through its telehealth platform, would be reducing its workforce to match lower patient demand and growth targets. The restructuring would be spread across …
Mental health startup Cerebral to cut about 20% of workforce Read More »
By Saqib Iqbal Ahmed and Carolina Mandl NEW YORK (Reuters) – A surge in short-term options bets, rock-bottom equity allocations and tandem moves in individual stocks are exacerbating swings in U.S. equity markets that have surprised bulls and bears alike in recent weeks. One-month daily volatility for the S&P 500, which measures how much the …
Analysis-Options trades, lockstep moves fuel U.S. stock swings Read More »
BRASILIA (Reuters) – Fiscal responsibility will not be negotiable if leftist leader Luiz Inacio Lula da Silva wins next Sunday’s presidential runoff vote, Lula’s running mate Geraldo Alckmin said on Monday. Lula, who leads opinion polls by a narrowing margin over right-wing incumbent Jair Bolsonaro, has faced pressure to flesh out his economic program, especially …
Fiscal discipline ‘non-negotiable’ if Lula wins Brazil election -running mate Read More »
LA PAZ (Reuters) – Thousands of people in Bolivia launched an indefinite strike on Saturday in the lowland city of Santa Cruz, a major agriculture export hub, to protest the postponement of a population and housing census which delays access to more economic resources. One death was reported by police in clashes between people who …
Bolivian strike over census delay paralyzes agriculture export hub Read More »
By David Lawder WASHINGTON (Reuters) -The U.S. government on Friday reported that its fiscal 2022 budget deficit plunged by half from a year earlier to $1.375 trillion, due to fading COVID-19 relief spending and record revenues fueled by a hot economy, but student loan forgiveness costs limited the reduction. The U.S. Treasury said the $1.400 …
U.S. budget deficit halves to $1.375 trln despite $430 billion in student loan costs Read More »
By Andrea Shalal WASHINGTON (Reuters) -An IMF team held productive discussions with Ukrainian authorities this week and will work in coming weeks on their request for enhanced program monitoring in the wake of Russia’s invasion, IMF mission chief Gavin Gray said on Friday. Gray said International Monetary Fund staff met for four days in Vienna …
IMF concludes mission on Ukraine, urges authorities to avoid eroding tax revenues Read More »
HOUSTON (Reuters) – Gasoline retreated in the Los Angeles wholesale market on Friday, the last day for trading October products, West Coast market traders said. October-delivery CARBOB gasoline was valued in Los Angeles at 17.50 cents a gallon over November NYMEX RBOB, traders said. Refined products like CARBOB, which is blended to meet California’s strict …
Los Angeles gasoline retreats in last day for trading October products Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Speculators’ net long bets on the U.S. dollar edged higher in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $10.21 billion for the week ended Oct. 18, compared with …
Speculators’ net long USD bets grow -CFTC, Reuters Read More »
By Leika Kihara, Saqib Iqbal Ahmed and Gertrude Chavez-Dreyfuss TOKYO/LONDON/NEW YORK (Reuters) – Japanese authorities likely intervened in markets to stem the slide of the country’s battered currency on Friday, market participants said, following an unexpected jump in the yen against the dollar. The yen rose as high as 144.50 per dollar on Friday, up …
Japanese yen jumps as traders suspect intervention Read More »
