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LIMA (Reuters) -Peru’s central bank on Friday lowered its economic growth estimates for 2022 and 2023, amid worsening expectations despite a package of government stimulus measures aimed at boosting local production. The central bank now expects 2022 growth of 3.0%, compared with 3.1% previously, and 2023 growth of 3.0%, compared with 3.2% previously. It also …

Peru central bank lowers growth forecasts despite government stimulus Read More »

By Davide Barbuscia NEW YORK (Reuters) – Expectations of how aggressively the Federal Reserve will raise rates in its fight against inflation hit a fresh high this week, exacerbating pressures on stocks and bonds. As investors await another jumbo rate increase from the U.S. central bank at its Sept. 20-21 meeting, higher-than-expected inflation numbers have …

Forecast for Fed terminal rate hits new high, shaking stocks and bonds Read More »

By David Randall NEW YORK (Reuters) – Sizzling inflation that helped send 2-year U.S. Treasury yields to fresh 14-year highs continued to burn some of the winners of the so-called pandemic bubble Friday. The ARK Innovation Fund, run by star stock picker Cathie Wood, dropped 4.3%, helped along by steep declines in top holdings including …

‘The selling pressure is feeding on itself:’ ARK, meme stocks tumble as Fed hike looms Read More »

BUENOS AIRES (Reuters) – Nearly 64% of Argentines fear the country’s ailing economy will get even worse in the coming months, according to a survey published on Friday, against a backdrop of surging inflation and the weakening purchasing power of the peso currency. The Sept. 2-13 poll by Buenos Aires-based consultancy Management & Fit marks …

Nearly two-thirds of Argentines see economy getting even worse: poll Read More »

(Fixes typographical error in paragraph 7) By Paul Carrel and Markus Wacket BERLIN (Reuters) -The German subsidiary of Russian oil giant Rosneft was placed under trusteeship on Friday, giving Germany’s federal regulator control of the PCK refinery in Schwedt, a key source of fuel for the city of Berlin. Rosneft Deutschland, which was previously majority …

Germany takes control of Russian-owned refinery amid energy crisis Read More »

ZURICH (Reuters) – Switzerland could hit the target of halving carbon emissions by 2030 via a package of measures that would cost around 150 billion Swiss francs ($156 billion), or around 2-3% of economic output per year, a study released on Friday suggested. The report by Boston Consulting Group and the Sustainable Switzerland alliance proposed …

Swiss could hit CO2 target with $156 billion package – study Read More »

By Leika Kihara TOKYO (Reuters) – Something has gone missing from Bank of Japan statements about elevated inflation: the word “temporary”. No longer signalling that robust price rises will be short-lived, the central bank might soon go further by saying they will become faster than expected for the rest of this year, driven in part …

Analysis-‘Temporary’ disappears as BOJ contemplates accelerating inflation Read More »

By Shreyashi Sanyal (Reuters) -European shares edged up on Thursday, lifted by Spanish lenders on a report that Madrid could modify a bank tax, while markets also showed some signs of recovery from a sharp selloff triggered by bets of aggressive interest rate hikes globally. The STOXX 600 index was up 0.4%, as of 0808 …

European shares tick higher on banking boost after sharp selloff Read More »