PARIS (Reuters) – The Paris Club of creditor countries aims to wrap up a renegotiation of $2 billion in debt that Argentina owes “in the coming weeks”, the group said on Thursday. Paris Club creditors, which include the governments of the United States, Germany and Italy, had planned to reach a definitive deal by the …
Paris Club aims for deal with Argentina “in coming weeks” Read More »
By John Revill ZURICH (Reuters) -Swiss prices increased in May by their highest level in nearly 14 years, the government said on Thursday, as Switzerland became the latest country to be hit by more expensive fuel and food costs plaguing economies around the world. The consumer price index rose by 2.9% compared with a year …
Swiss catch inflation bug as prices rise fastest in 14 years Read More »
By Leika Kihara TOKYO (Reuters) -Japan may see inflationary pressure build as more companies shift away from a business model that worked under a prolonged period of deflation, Bank of Japan board member Seiji Adachi said on Thursday. But he warned that it was “premature” to tighten monetary policy now, as inflation remains short of …
Japan price pressures mount as firms ditch ‘deflation’ model, says BOJ official Read More »
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s inflation rate accelerated slightly in May due to rising food prices and airfares, official data showed on Thursday, roughly in line with market expectations and within the central bank’s target range. The consumer price index rose 3.55% on an annual basis in May, compared with …
Indonesia’s inflation inches up in May, stays within central bank target Read More »
By Lindsay Dunsmuir (Reuters) – The economy in the majority of regions in the United States expanded at a modest or moderate growth pace in April through late May and there were some tentative signs that the Federal Reserve’s actions to cool demand were beginning to be felt, a Fed report showed on Wednesday. The …
U.S. firms show first hints of impact of Fed’s policy tightening, survey shows Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell in April, but remained at significantly high levels, suggesting that wages would continue to rise as companies scramble for workers, and contribute to inflation staying uncomfortably high for a while. The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on …
U.S. labor market stays tight as workers remain scarce; manufacturing regains speed Read More »
(Reuters) – Russia’s decision to send tens of thousands of troops into Ukraine on Feb. 24 and subsequent sanctions from the West have raised fears of an imminent economic crisis, but official data on Wednesday painted a mixed picture. Retail sales, which mirror consumer demand, the main economic driver in Russia, slumped 9.7% year-on-year in …
Russia’s post-Feb. 24 economic data paints mixed picture Read More »
(Reuters) – Inflation at levels last seen in the 1970s and early 1980s is putting the U.S. central bank’s credibility at risk, St. Louis Federal Reserve Bank President James Bullard said on Wednesday, reiterating his call for the Fed to follow through on promised rate hikes to bring down inflation, and inflation expectations. “The current …
Fed’s Bullard: high inflation ‘straining’ credibility Read More »
(Reuters) – Russia recorded flat consumer prices after modest deflation the week before, data showed on Wednesday, ahead of the central bank’s rate-setting meeting scheduled for June 10. Weekly inflation spiked to 2.22% in early March, soon after Russia started what it calls a “special military operation” in Ukraine on Feb. 24, but has been …
Russia’s weekly inflation at zero as rates meeting looms Read More »
MADRID (Reuters) – Factory activity in Spain picked up some speed in May, a survey showed on Wednesday, although rising production costs and geopolitical uncertainty weighed on sentiment among businesses. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing stood at 53.8 in May, up from 53.3 in April and 54.2 in March and still comfortably …
Spanish factory activity picks up in May, costs rising -PMI Read More »
