By Marc Jones LONDON (Reuters) -If global market investors thought 2022 couldn’t get any more painful or unpredictable the last few months have certainly proved them wrong. Another $9 trillion wiped off world stocks, oil down more than 20%, historic losses for bonds, war, and things became so ugly in G7 Japan and Britain in …
Markets in Q3: Goldilocks fairytale turns into bad bear nightmare Read More »
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s No. 2 official on Friday added her full endorsement of the U.S. central bank’s higher-for-longer game plan for interest rates to curb inflation that new data shows is still running at more than three times policymakers’ 2% target. In her first public remarks since …
Fed united on inflation front as Brainard rejects early rate cuts Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Germany’s 200 billion euro ($196 billion) plan to protect companies and households from soaring energy prices will be scrutinised by the European Commission, EU industry chief Thierry Breton said on Friday. The German plan, which includes a gas price brake and a cut in sales tax for the …
EU industry chief says will review 200-billion-euro German package Read More »
HONG KONG (Reuters) – Hong Kong’s August retail sales slid 0.1% from a year earlier amid a high base of comparison, government data showed on Friday. Sales decreased to HK$28.6 billion ($3.64 billion), having grown 4.1% in July. In volume terms, retail sales fell 2.9% year-on-year in August. That compared with a revised 1.1% increase …
By Devik Jain (Reuters) -European stock indexes climbed on Friday, the last trading session of a painful quarter, hit by worries about the impact of aggressive policy tightening measures by central banks on economic growth and corporate earnings. The region-wide STOXX 600 index was up 1% by 0810 GMT, led by bargain hunting in beaten-down …
European shares rise; set to end painful Sept quarter lower Read More »
SOFIA (Reuters) – Bulgarian banks will have to accumulate more capital in 2023 to counter a build-up of systemic risks linked to persistently high levels of borrowing and increased economic uncertainty amid the war in Ukraine, the central bank said. The Bulgarian National Bank late on Thursday set the rate for the counter-cyclical capital buffer …
Bulgaria’s central bank raises capital buffer as loan risk remains high Read More »
BANGKOK (Reuters) – Thailand’s economy was still on a recovery path in August on rebounding tourism and domestic demand, which would continue to support economic activity, the central bank said on Friday. Rising costs and slower global demand were among factors to be monitored, however, the Bank of Thailand (BOT) said in a statement. Economic …
Thai economy still in recovery in August on tourism rebound Read More »
ROME, Sept 30 (Reuters) – Italy’s unemployment rate edged down to 7.8% in August from 7.9% in July, data showed on Friday, but only because people gave up the search for work as 74,000 jobs were lost during the month. A Reuters survey of 11 analysts had forecast an August jobless rate of 7.9%. In …
Italy’s unemployment rate edges down in August but 74,000 jobs lost during month Read More »
By Brendan O’Boyle and Nelson Bocanegra MEXICO CITY/BOGOTA (Reuters) -Central banks in Mexico and Colombia on Thursday accelerated their monetary policy hiking cycles to push back against inflationary pressures, even as some policymakers elsewhere in the region look to pause their rate increases. All five board members of the Bank of Mexico voted to raise …
Mexico, Colombia enact big rate hikes amid stubborn inflation Read More »
By Noel Randewich and Ankika Biswas (Reuters) – Wall Street ended sharply lower on Thursday on worries that the Federal Reserve’s aggressive fight against inflation could hobble the U.S. economy, and as investors fretted about a rout in global currency and debt markets. With tech heavyweights Apple Inc and Nvidia Corp slumping more than 4%, …
Wall Street ends down sharply; investors fret over economy Read More »
