MADRID (Reuters) – Spain’s Economy Minister Nadia Calvino said that the European Central Bank’s tools to try to keep government bond spreads down are adequate. “The tools the ECB is using right now and has announced it will keep on using are appropriate for now,” she said in an interview on TVE station. The ECB …
Spain says ECB’s tool to control government bond spreads are ‘appropriate’ Read More »
A likely second straight 75 basis point rate hike from the U.S. Federal Reserve will keep markets on their toes in the week ahead, just as investors digest a wave of earnings from corporate America and Europe. The prospect of early elections in Italy after the collapse of the government means there’s plenty of political …
By Yoruk Bahceli and Dhara Ranasinghe AMSTERDAM/LONDON (Reuters) – A new European Central Bank tool to shield indebted states from soaring borrowing costs failed to impress investors on Thursday, with many worried about a lack of detail and conditions that could make it tough for the likes of Italy to use. Unveiled alongside its first …
ECB’s new tool fails to impress as Italy confronts political paralysis Read More »
A look at the day ahead in markets from Saikat Chatterjee. For all the excitement about the European Central Bank’s first rate hike since 2011 and the launch of a new tool to contain a blowout in borrowing costs, the euro and core bond yields are back to levels where they were before Thursday’s meeting. …
WARSAW (Reuters) -Inflation in Poland may keep rising in 2023, central banker Przemyslaw Litwiniuk said on Friday, warning that a government coal subsidy for households would add to prices pressures. According to forecasts from the Polish central bank, inflation will peak at 18.8% in the first quarter of 2023. It was 15.5% in June, according …
Polish c.banker Litwiniuk says inflation may keep rising in 2023 Read More »
(Reuters) – Russia’s foreign ministry on Thursday said the latest round of European Union sanctions were illegitimate and would have “devastating consequences” for security and parts of the global economy. European Union diplomats on Wednesday agreed on a new round of sanctions against Moscow for invading Ukraine, including a ban on importing gold from Russia …
Russia: New EU sanctions will hurt global economy, hopes for food export progress Read More »
By Marc Frank HAVANA (Reuters) – Cuba’s economy has begun to recover from the effects of the pandemic and should grow 4% this year, its economy minister said, although most Cubans have seen little sign yet of relief from food and energy shortages. Economy Minister Alejandro Gil said on Thursday that the economy grew 10.9% …
Cuban economy minister sees gradual recovery despite long lines and blackouts Read More »
By John Kemp LONDON (Reuters) – Global coal-fired electricity generators are producing more power than ever before in response to booming electricity demand and the surging price of gas. The world’s coal-fired generators produced a record 10,244 terawatt-hours (TWh) in 2021 surpassing the previous record of 10,098 TWh set in 2018 (“Statistical review of world …
Column-Global 2021 coal-fired electricity generation surges to record high: Kemp Read More »
By Dhara Ranasinghe and Yoruk Bahceli LONDON (Reuters) – Debt-laden Italy finds itself in markets’ crosshairs again, as a collapse in its national unity government coincides with the European Central Bank preparing to deliver its first interest rate rise in 11 years. Like other indebted euro zone countries, Italy has spent the past few years …
Analysis: Debt-laden Italy looks no less vulnerable as rates shoot higher Read More »
BEIJING (Reuters) – China’s commercial banks saw their bad loan ratio decline 0.06 percentage points to 1.67% at end-June versus three months earlier, the sector’s regulator said on Thursday. Outstanding non-performing loans in the commercial banking sector stood at 2.95 trillion yuan ($436.20 billion), an increase of 106.9 billion yuan from the end of the …
China commercial banks’ bad loan ratio declines at end-June, regulator says Read More »
