By Wayne Cole SYDNEY (Reuters) -New Zealand’s central bank on Wednesday lifted interest rates to a seven-year high and promised more pain to come as it struggles to cool red-hot inflation in an over-stretched economy. The Reserve Bank of New Zealand’s (RBNZ) policy committee raised its official cash rate by 50 basis points to 3.5%, …
New Zealand’s central bank lifts rates to 7-year high in hawkish rush Read More »
By Stefano Rebaudo (Reuters) – Euro zone government bond yields edged higher but stayed significantly below their multi-year highs as concerns about systemic risk and economic slowdown drove investors to lower bets on terminal rates. Lingering hopes of a less aggressive monetary policy stance are likely to fade if inflation keeps surprising on the upside …
Euro zone bond yields rise, focus on economic data Read More »
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Genuine turning point, or classic bear market rally? World markets continue to rip higher as the dollar, bond yields and Fed interest rate expectations decline, confounding even the biggest optimists who had called for a positive start to the fourth quarter. …
By Marwa Rashad LONDON (Reuters) – The chairman of liquefied natural gas (LNG) company Tellurian Inc, Charif Souki, on Tuesday said that cheap U.S. gas is a thing of the past and the only solution for Europe’s energy crisis is to invest in U.S. gas infrastructure. “Getting (U.S.) gas in the water for $4-$5 is …
U.S. gas at $4-$5 is a thing of the past, says Tellurian chairman Read More »
ISTANBUL (Reuters) – Turkish energy imports leapt 115% to $9.56 billion in September, the highest ever monthly level, Trade Ministry data showed on Tuesday. It also showed that gold imports soared 543% in September to $3.11 billion. Earlier it reported that the country’s trade deficit surged nearly 300% to $10.38 billion in September. (Reporting by …
Turkish energy, gold imports soar in September – ministry data Read More »
JOHANNESBURG (Reuters) – African startups attracted a record $3.5 billion in venture capital investment in the first half of this year, bucking a global decline in dealmaking linked to worldwide economic turmoil, data released by an industry group showed on Tuesday. The funding, raised by 300 different companies, represents growth of 133% compared to the …
Africa sees record venture capital investment, bucking global decline Read More »
ISTANBUL (Reuters) – Turkey’s trade deficit leapt 298% year-on-year in September to $10.384 billion, the Trade Ministry said on Tuesday, as surging energy import costs continue to widen the shortfall. Exports rose 9.2% to $22.62 billion in September, while imports jumped 41.5% to $33.00 billion, the data showed. In a speech, Trade Minister Mehmet Mus …
Turkish trade deficit surges to $10.38 billion in September Read More »
MANILA (Reuters) – The Philippine central bank said on Tuesday it was taking steps to manage any disruption in the financial market, and urged participants not to take advantage of a peso currency hovering at record lows against the dollar. The peso closed at a record 59 to the greenback on Monday, taking its year-to-date …
Philippine central bank says ready to manage market disruption as peso slumps Read More »
By Brendan O’Boyle, Anthony Esposito and Valentine Hilaire MEXICO CITY (Reuters) -Mexican officials on Monday announced the details of a new deal with companies to halt rising food prices, doubling down on a collaborative effort with the private sector as inflation hovers at a 22-year high. More than a dozen foodmakers and retailers are part …
Mexico taps private sector again to try to keep food prices down Read More »
By Emma Farge GENEVA (Reuters) -A United Nations agency warned on Monday of the risk of a monetary policy-induced global recession that would have especially serious consequences for developing countries and called for a new strategy. “Excessive monetary tightening could usher in a period of stagnation and economic instability” for some countries, the United Nations …
U.N. agency warns of recession linked to ‘imprudent’ monetary policy Read More »
