By Alex Lawler LONDON (Reuters) – U.S. President Joe Biden’s visit in recent days to top oil exporter Saudi Arabia ended without any announcements that the kingdom would raise oil production to help lower fuel prices which are spurring the highest U.S. inflation in four decades. Top U.S. energy envoy Amos Hochstein told a television …
Explainer-How much extra oil can Saudi Arabia pump? Read More »
By Dhara Ranasinghe, Stefano Rebaudo and Vincent Flasseur LONDON (Reuters) – The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets are already fast-forwarding to focus on the path for higher rates beyond Thursday as economic prospects darken. That outlook is getting murkier by the day because …
The hike is (almost) here! Now for what comes next: Five questions for the ECB Read More »
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department on Monday said it approved nine state plans for the State Small Business Credit Initiative worth $940 million, bringing total approvals under the COVID-19 recovery venture capital program to $1.5 billion. The $10 billion SSBCI program aims to address a shortage of capital for new …
U.S. Treasury approves $940 million in small business capital funds for nine states Read More »
(Reuters) – Poland’s antimonopoly office has filed charges against five banks it found to have acted against the interests of customers, the watchdog said on Monday. After a year-long investigation, charges have been filed against Bank Millennium, BNP Paribas Bank Polska, Credit Agricole Bank Polska, mBank and Santander Bank Polska, the watchdog said. Representatives of …
Polish watchdog files charges against five banks Read More »
By Aluisio Alves SAO PAULO (Reuters) – Simpar, a holding firm for Brazilian logistics companies Movida, JSL and Vamos, is preparing to expand into the United States and European markets in a bid to diversify its revenues, its chief executive told Reuters. “In the next four to five years, we intend to have about 35% …
Brazil’s Simpar plans to enter US and European markets, says CEO Read More »
A look at the day ahead in markets from Saikat Chatterjee. With U.S. Federal Reserve officials signalling a 75-basis point interest rate increase at their July 26-27 meeting, rather than the 100 bps some were pencilling in, markets are in a relatively cheerful mood — European as well as U.S. stock markets are set to …
By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s consumer prices rose at their fastest pace in three decades, beating forecasts and raising the prospect of an unprecedented 75 basis point interest rate hike at the central bank’s policy meeting next month. The consumer price index (CPI) increased 7.3% in the second quarter, speeding up from a …
New Zealand’s inflation hits 3-decade high, raising bets on sharper rate hikes Read More »
By Fransiska Nangoy and Andrea Shalal NUSA DUA, Indonesia (Reuters) – The Group of 20 major economies’ finance chiefs on Saturday pledged to address global food insecurity and rising debt, but made few policy breakthroughs amid divisions over Russia’s war in Ukraine at a two-day meeting in Indonesia. With questions growing about the effectiveness of …
G20 finance chiefs resolved on food security; Ukraine war prevents formal communique Read More »
NUSA DUA, Indonesia (Reuters) -U.S. Treasury Secretary Janet Yellen said on Saturday she had productive meetings about a proposed price cap on Russian oil with a host of countries on the sidelines of a meeting of the finance chiefs of the Group of 20 major economies. Yellen said her bilateral meetings and the overall G20 …
Yellen says she had ‘productive’ meetings on Russian oil price cap Read More »
(Reuters) – The United States and Saudi Arabia have reiterated their commitment to the stability of global energy markets, during a visit by U.S. President Joe Biden, a joint statement carried by Saudi state news agency (SPA) said. In the statement released after Biden held talks with senior Saudi officials including Crown Prince Mohammed bin …
