By Timothy Aeppel and Lisa Baertlein (Reuters) – People have been walking into Paul Centenari’s cardboard box factory outside Baltimore asking for jobs, something he has not seen in over a year. “We didn’t see that a month ago,” said Centenari, the chief executive of Atlas Container Corp. He said that just six months ago …
By Philip Blenkinsop BRUSSELS (Reuters) -The European Union and New Zealand completed negotiations on Thursday for a free trade agreement that could boost the flow of goods and services by 30% and highlights Europe’s push for alliances to make up for its business withdrawal from Russia. EU Trade Commissioner Valdis Dombrovskis said the deal sent …
EU, New Zealand seal free trade deal in “geopolitical signal” Read More »
BUDAPEST (Reuters) – Hungary’s central bank hiked its one-week deposit rate by 50 bps to 7.75% at a tender on Thursday as its raised its forecast for tax-adjusted core inflation, its preferred measure of lasting price trends, to an eye-watering 13%-14% this year. The National Bank of Hungary (NBH) raised its base rate by a …
Hungary lifts key rate further on eye-watering inflation forecast Read More »
PARIS (Reuters) – EU member states will adopt plans for a minimum corporate tax rate in the bloc in the coming months regardless of whether holdout nation Hungary backs the reform, French Finance Minister Bruno Le Maire said on Thursday. Hungary raised last minute objections earlier this month to the European Union’s adoption of a …
EU to adopt minimum corporate tax with or without Hungary, says France Read More »
MOSCOW (Reuters) – The Russian rouble rose on Thursday, heading towards its strongest levels since 2015 as it retained support from high commodity prices, while shares in Gazprom plummeted after the gas giant said it would not pay dividends. Gazprom shares had fallen 22.7% to 230 roubles ($4.31) by 0754 GMT, minutes after the company …
Russian rouble rises; Gazprom shares plummet on no-dividends move Read More »
BERLIN (Reuters) – Austria’s economic recovery is losing steam, the WIFO institute said on Thursday, even as its outlook for 2022 improved. Austrian gross domestic product is expected to grow by 4.3% in 2022 and 1.6% in 2023 in real terms, the think tank said, after predicting increases of 3.9% and 2.0%, respectively, in March. …
Austria’s WIFO revises up 2022 forecast but warns economy losing steam Read More »
(Reuters) -The European Central Bank plans to ask euro zone lenders to factor a possible recession into their business plans and will use this new calculation for approving dividend payout proposals, ECB bank supervisor Andrea Enria said on Thursday. The ECB continues to project solid economic growth for this year and next but has argued …
ECB to ask banks to calculate with recession risk: Enria Read More »
By Chris Taylor NEW YORK (Reuters) – If you are having trouble keeping track of all the consumer boycotts swirling around, you are not alone. A quarter of Americans are boycotting a product or company they had spent money on in the past, according to a recent survey from online loan marketplace LendingTree. …
Boycott Nation: How Americans are boycotting companies now Read More »
By Davide Barbuscia NEW YORK (Reuters) – Bond traders expect the gyrations convulsing U.S. Treasuries to continue in the second half of 2022 as investors challenge the Federal Reserve’s projections for how far it will tighten monetary policy to quell the worst inflation in decades. At issue is the expected high-water mark for the Fed’s …
Analysis-Markets challenge Fed timeline, threatening more swings in Treasuries Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) – Persistent staffing shortages, fewer flights and booming demand have cast a shadow on the busy July Fourth holiday weekend and the entire summer travel season. While the lifting of COVID-19 curbs and bottled-up travel demand are translating into the strongest summer since the pandemic for American carriers, frequent …
Analysis-Flight delays, cancellations mar U.S. summer travel Read More »
