GENEVA (Reuters) -The European Union received a largely favourable ruling in its trade dispute with Turkey on Monday in the first appeal settled by arbitration to circumvent problems at the World Trade Organization (WTO). Brussels brought the case against Ankara to the WTO in 2019, challenging Turkey’s “localisation requirement”. The EU said this forced foreign …
EU wins arbitration in pharma trade dispute with Turkey Read More »
FRANKFURT (Reuters) – All things to all people, the U.S. dollar leaves its imprint in every corner of the global economy: It is the currency in which vital raw materials are bought and sold, and it is the safe haven to which investors turn in times of trouble. The greenback is now at a 20-year …
By Nevzat Devranoglu ANKARA (Reuters) – The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the dollar as concerns mounted about the government’s foreign exchange policy in the face of surging inflation and fears of global recession. The slow depreciation could continue unless authorities find a new source of foreign …
Turkish lira on slow slide in search of FX relief Read More »
BEIJING (Reuters) – China’s banking regulator on Sunday said it is investigating an inspector at its bureau in Henan province, which has seen protests by depositors unable to retrieve funds following suspected fraud at a number of rural lenders. The inspector is suspected of “serious disciplinary violations and is currently under disciplinary review” and has …
China probes banking inspector in Henan province after fraud case, protests Read More »
BRASILIA (Reuters) – Brazil’s government projected a lower primary budget deficit this year, official figures showed on Friday, with a booming tax collection helping to improve the short-term fiscal balance. The Economy Ministry forecast a 59.354 billion reais ($10.80 billion) primary budget deficit for the central government this year, from the 65.5 billion reais deficit …
Brazil government improves primary budget deficit forecast for 2022 Read More »
By Julie Gordon and Shreya Jain OTTAWA (Reuters) – Canadian home prices are dropping fast after surging during the coronavirus pandemic, but that is offering little relief for consumers who face sky-rocketing rents and fading buying power as interest rates rise. Desperate would-be buyers found themselves caught in a frenzy of bidding wars for real …
Nowhere to live: Rents in Canada surge as home prices fall Read More »
By Jonathan Saul LONDON (Reuters) -A number of insurance underwriters are interested in providing cover for grain shipments from Ukraine after an agreement was reached to re-open Black Sea ports, although the first shipments are expected to be weeks away, industry sources said on Friday. Russia and Ukraine signed a landmark deal on Friday to …
Ship insurers sail into unknown with Ukraine grain risks after deal reached Read More »
FRANKFURT (Reuters) – The European Central bank will raise its interest rates until inflation falls back to its 2% target, the ECB’s President Christine Lagarde said in an interview with Germany’s Funke Mediengruppe published on Friday. It was Lagarde’s strongest commitment to date to fighting inflation, which hit 8.6% in the euro zone last month, …
ECB will raise rates until inflation falls back to 2%, Lagarde says Read More »
By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s central bank could hike its benchmark interest rate to 9% at its meeting next week, maintaining rate-increase intensity amid persistent inflation while reaching the end of expected raises, a Reuters poll revealed on Friday. The survey saw 10 out of 14 analysts predict that the bank’s seven-member board …
Colombia’s central bank seen hiking benchmark interest rate to 9%- Reuters Poll Read More »
FRANKFURT (Reuters) – Euro zone inflation is set to be higher than forecast just a few months ago and even longer-term expectations are moving above the European Central Bank’s 2% target, a fresh ECB survey showed on Friday. Fearing that runaway inflation could get out of control, the ECB raised rates by a bigger-than-expected 50 …
ECB survey sees rise in short- and long-term inflation exactions Read More »
