By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Monday that while there have been nascent signs of cooling inflation, underlying price pressures remain too high, which means the U.S. central bank must press forward to get inflation under control. “Clearly, inflation is far too …
Fed’s Williams says central bank has more work to do to cool inflation Read More »
By Gloria Dickie LONDON (Reuters) – The mayor of London urged business leaders on Monday to invest in climate solutions, saying the British capital would need another 75 billion pounds ($84.05 billion) in investment to meet its climate goals. Noting infrastructure crippled by extreme heat to homes damaged in wildfires, Sadiq Khan warned that “no …
Khan urges green investment, snipes at Truss policies Read More »
MADRID (Reuters) – Factory activity in Spain contracted in September for the third consecutive month as faltering demand and high inflation weighed, a survey showed on Monday. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing fell to 49.0 last month from 49.9 in August and 48.7 in July, staying below the 50.0 mark that separates …
Spain’s factory activity shrinks for third straight month in September -PMI Read More »
PARIS (Reuters) – French manufacturing activity contracted in September at the fastest pace since May 2020, a survey among purchasing managers showed on Monday, as high energy prices and global uncertainties weighed on order books. S&P Global said its final manufacturing purchasing managers’ index (PMI) fell to 47.7 points last month from 50.6 in August, …
French factory activity shrinks in Sept as energy prices weigh – PMI Read More »
ROME (Reuters) – Italy’s manufacturing sector contracted for a third month running in September, a survey showed on Monday, with inflationary pressures and uncertainty over the economy hitting order volumes. The S&P Global Purchasing Managers’ Index (PMI) for Italian manufacturing came in at 48.3, slightly up from 48.0 the month before but below the 50 …
Italy manufacturing activity contracts for 3rd month running – PMI Read More »
By Maha El Dahan and Olesya Astakhova DUBAI (Reuters) -OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move yet since the COVID-19 pandemic to address oil market weakness. The meeting will take place on …
OPEC+ to consider oil cut of over than 1 million bpd – sources Read More »
DUBAI (Reuters) -OPEC+ will hold its meeting on Oct. 5 in person in Vienna, an OPEC source told Reuters on Saturday. A virtual option will also be available for some delegations due to the short notice if they are unable to. OPEC+, which combines OPEC countries with allies such as Russia, is meeting against a …
OPEC+ to hold Oct. 5 meeting in person in Vienna -OPEC source Read More »
(Reuters) – The World Bank has said it will provide an additional $530 million in support to Ukraine, bringing the total aid by the bank to $13 billion, as Russia’s invasion of the country continues. The aid is supported by the United Kingdom ($500 million) and the Kingdom of Denmark ($30 million), the World Bank …
World Bank to give Ukraine $530 million in additional aid Read More »
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said its executive board approved a new mechanism for low-condition emergency loans to help vulnerable countries cope with food shortages and rising costs stemming from Russia’s war in Ukraine. The IMF said its new Food Shock Window will be open for one year through its existing …
IMF board approves new food shock financing window to ease war shortages Read More »
LIMA (Reuters) – Peru’s government proposed on Friday “a new approach” for mining companies to end social gaps and avoid conflicts in the sector, a measure taken after several conflicts in the country in recent months. Prime Minister Anibal Torres said during a conference between executives of large mining firms that the new “attitude” aimed …
Peru proposes ‘new approach’ to mining to combat economic disparities, conflicts Read More »
