MADRID (Reuters) – Spain’s government expects the Spanish economy to continue growing next year despite the impact of rising inflation and the war in Ukraine, Finance Minister Nadia Calvino said in a radio interview on Thursday. She said the government expects the economy to grow over 4% in the second half of 2022. The government …
Spain expects its economy to continue growing in 2023 – minister Read More »
A look at the day ahead in markets from Dhara Ranasinghe. Whoever coined the phrase “king dollar” certainly had good reason for doing so and currency trading this week only confirms that the epithet holds true. With recession risks running high, the greenback appears to be an ultimate safe-haven for investors. And the casualties of …
By Marc Jones LONDON (Reuters) – The global cost-of-living crisis is pushing an additional 71 million people in the world’s poorest countries into extreme poverty, a new report published by the U.N. Development Programme (UNDP) on Thursday has warned. Achim Steiner, UNDP administrator, said an analysis of 159 developing countries showed that the surge in …
Cost-of-living crisis driving ‘breathtaking’ surge in extreme poverty – UNDP Read More »
NEW YORK (Reuters) – A deteriorating inflation situation and concern about lost faith in the Federal Reserve’s power to make it better prompted U.S. central bank officials to rally around an outsized interest rate increase and a firm restatement of its intent to get prices under control, minutes of the June 14-15 policy meeting showed. …
Instant View: FOMC members rallied around June’s 75 bp hike Read More »
(Refiles to add quotation marks at end of paragraph 6) By Rachel Savage LONDON (Reuters) – Rising interest rates and high oil prices are a positive for business even while inflation is taking a toll on African countries, the chief executive of pan-African lender Ecobank said in an interview on Wednesday. The bank’s net interest …
Ecobank CEO: Interest margins to improve as central banks raise rates Read More »
By Andrea Shalal WASHINGTON (Reuters) – Argentina’s new economy chief, Silvina Batakis, told IMF officials that she supports the objectives of a $44 billion International Monetary Fund program and will work constructively with the global lender, IMF Managing Director Kristalina Georgieva said on Wednesday. Georgieva told Reuters that she would underscore the IMF’s desire to …
New Argentine economy chief agreed to support objectives of IMF program -IMF’s Georgieva Read More »
By David Milliken LONDON (Reuters) – Activity in Britain’s construction sector slowed sharply last month, with the weakest expansion since September 2021, as fears for the economic outlook caused house-building to contract for the first time since early in the COVID-19 pandemic. The S&P Global Purchasing Managers’ Index (PMI) for the construction sector dropped to …
UK construction activity slowest in nine months -PMI Read More »
BERLIN (Reuters) -German industrial orders grew slightly in May, beating expectations and reversing a trend after three consecutive months of decline due to the war in Ukraine, data showed on Wednesday. Orders for industrial goods increased by 0.1% on the month in seasonally adjusted terms after an upwardly revised decline of 1.8% in April, figures …
German industrial orders grow slightly in May, reversing trend Read More »
A look at the day ahead in markets from Saikat Chatterjee. Investors hoping the second half of the year would bring some relief after a bruising six months, may not be feeling very optimistic after the last 24 hours. The newsflow has been relentlessly gloomy. Talk of gas rationing in Europe, a political crisis in …
By Leika Kihara TOKYO (Reuters) -Japanese households’ inflation expectations strengthened in the three months to June, with the ratio expecting price rises over the coming year hitting the highest level in 14 years, a central bank survey showed on Wednesday. The ratio of households expecting prices to be higher a year from now stood at …
Ratio of Japan households expecting price rises hits 14-yr high – BOJ survey Read More »
