By Wayne Cole SYDNEY (Reuters) -Australia’s central bank on Tuesday raised interest rates by the most in 22 years and flagged more tightening to come as it battles to restrain surging inflation, stunning markets and sending bond yields flying. Wrapping up its June policy meeting, the Reserve Bank of Australia (RBA) lifted its cash rate …
Australia’s central bank raises rates by 50 bps in hawkish surprise Read More »
BEIJING (Reuters) – China’s exports are expected to have expanded at a faster pace in May as factories reopened and supply chain disruptions calmed after Shanghai began to emerge from a lockdown, while imports also likely rose, a Reuters poll showed. The recovery adds to evidence the world’s second-largest economy has begun to chart a …
China’s May exports, imports seen recovering as supply chains restart – Reuters poll Read More »
By Andrea Shalal, Trevor Hunnicutt and David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen faces a gauntlet of tough questions about how the Biden administration has handled the economy in Congress this week, after admitting she was “wrong” about the path inflation would take. Yellen testifies to the Senate Finance Committee Tuesday and …
Yellen faces grilling in Congress over ‘wrong’ inflation forecast Read More »
By Sergio Goncalves LISBON (Reuters) – Tourism is rebounding more quickly in Portugal than in some parts of Europe, but the number of foreign visitors this year is still expected to lag the pre-pandemic record of 2019, the country’s hotel association AHP said on Monday. The number of tourists visiting Portugal recovered to 5.9 million …
Tourism rebounds in Portugal from pandemic slump, but return to record unlikely Read More »
By Noel Randewich (Reuters) – U.S. House Speaker Nancy Pelosi disclosed new stock market trades on Monday, showing purchases of options to buy shares of Apple Inc and Microsoft Corp. In a periodic transaction report signed last Friday and appearing on the House of Representatives’ website on Monday, the senior Democrat disclosed that her husband, …
U.S. House speaker Pelosi discloses trades in Apple and Microsoft Read More »
LONDON (Reuters) – Prime Minister Boris Johnson promised lawmakers a new economic plan for growth next week, a Conservative Party source said on Monday after the British leader addressed his party before a vote no confidence in his leadership. The source said Johnson also promised to cut taxes if he remained in office and warned …
UK’s Johnson promises tax cuts and plan for growth – Conservative source Read More »
(Reuters) – A United Nations commission has increased its projection for poverty in Latin America and Caribbean for 2022, citing economic disruptions caused by the conflict in Ukraine. Latin America and Dominican Republic poverty will rise to 33% of the population this year, a 0.9 percentage point uptick versus 2021. Extreme poverty is seen reaching …
Latin America, Caribbean 2022 poverty seen higher as Ukraine war bites: U.N. study Read More »
ISTANBUL (Reuters) – The Turkish central bank has taken steps to increase the weight of lira-denominated assets in the collateral system as part of its currency strategy and steps in this direction will continue to be taken, bankers said on Monday. From June 24, the central bank will require that a minimum of 45% of …
Turkish cenbank acts to boost use of lira assets as collateral -bankers Read More »
By Alan Charlish WARSAW (Reuters) – Poland’s central bank is expected to raise its main interest rate by 75 basis points to 6.00% on Wednesday, a Reuters poll showed, as it faces surging inflation and risks of slowing growth due to the Ukraine war. Worries over growth have led other central banks in the region …
Polish central bank expected to keep up pace of policy tightening – Reuters poll Read More »
By Orathai Sriring and Satawasin Staporncharnchai BANGKOK (Reuters) – Thailand’s headline inflation rose at a much faster pace than expected in May, hitting a high of nearly 14 years on soaring energy prices and the end of some government support measures, a trend the commerce ministry said would likely continue. The consumer price index (CPI) …
Thai May inflation near 14-year high, but policy rate seen on hold Read More »
