(Reuters) – The U.S. Interior Department took initial steps on Thursday toward holding oil and gas drilling auctions in New Mexico, Wyoming and the Gulf of Mexico in the coming months. Terms of the onshore sales will reflect new requirements under President Joe Biden’s new climate change and drug pricing law the Inflation Reduction Act …
U.S. sets out oil and gas drilling auctions required under new law Read More »
By Kylie Madry MEXICO CITY (Reuters) -Mexican Economy Minister Tatiana Clouthier stepped down on Thursday, depriving Mexico of one of its key trade negotiators as her government scrambles to head off a major dispute over energy with the United States and Canada. Clouthier, a scion of a powerful political family who became economy minister early …
Mexican economy minister resigns, dealing blow to trade team amid U.S. talks Read More »
By Bianca Flowers CHICAGO (Reuters) -Chicago Federal Reserve Bank President Charles Evans on Thursday said the U.S. central bank’s policy rate is likely headed to 4.5%-4.75% by the spring of 2023 as the Fed increases borrowing costs to bring down too-high inflation. “We have further to go” on rate hikes, Evans said at an annual …
Fed’s Evans: rates headed to 4.5%-4.75% by spring of 2023 Read More »
By Devik Jain (Reuters) -Europe’s STOXX 600 index on Thursday resumed its march higher after a dip in the previous session, with investors awaiting more economic data and minutes of the European Central Bank’s September meeting for clues on the pace and path of rate hikes. The pan-European stock index was up 0.6% by 0809 …
Europe’s STOXX 600 rises ahead of key data, ECB minutes Read More »
CAIRO (Reuters) – Egypt’s current account deficit fell by almost half in the April-June quarter as non-oil imports tumbled by nearly 20% from the previous quarter, the central bank said in balance of payments figures released on Wednesday. Imports have been suffering from an acute shortage of foreign currency since Russia invaded Ukraine in February, …
Egypt’s current account deficit drops by half in April-June quarter Read More »
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday underscored the U.S. central bank’s commitment to curbing inflation with more interest rate hikes, even as she said the Fed will not simply barrel ahead if the economy starts to crack. “We definitely don’t raise rates until something breaks; we actually are forward-looking,” Daly …
Fed’s Daly: inflation ‘problematic,’ interest rates to rise Read More »
By Stephen Culp NEW YORK (Reuters) – Goldman Sachs boosted its third-quarter GDP growth estimate by a full percentage point, to 1.9% from 0.9%, on Wednesday after a series of economic indicators exceeded expectations. The broker in a note cited the “above potential” September increase in private-sector employment, reflected in payroll processor ADP’s National Employment …
Goldman hikes third-quarter GDP growth estimate to 1.9% Read More »
By Howard Schneider WASHINGTON (Reuters) – High inflation has made it harder to pay the bills, roiled retirement plans, and led people to curb travel and watch the thermostat. Turns out it is also freaking them out in a broad and often intense way according to new U.S. Census household survey data that has begun …
Fed says people hate inflation, Census survey suggests it runs deep Read More »
MADRID (Reuters) – Hotel prices will keep increasing in 2023 in most of the key cities for business events worldwide as demand for in-person meetings after pandemic disruptions grows, though at a slower pace due to a worsening economic outlook, American Express Global Business Travel said in its annual forecast. Corporate travel managers and buyers …
Hotel prices to rise at lower rate in 2023 in major business events cities -report Read More »
By Essi Lehto and Kate Abnett HELSINKI/BRUSSELS (Reuters) – Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get through the cold of this winter, the head of the International Energy Agency said on Wednesday, as the EU looks for ways to ease the crisis. European …
Gas crisis set to worsen after Europe burns through winter stocks Read More »
