SYDNEY (Reuters) – Australian consumer sentiment took a nose dive last week as a shockingly high reading in inflation fuelled concerns about the cost of living and possible rise in interest rates, a survey showed on Tuesday. The ANZ measure of consumer confidence sank 6.0% last week, the sharpest drop since an Omicron wave swept …
Australian consumers spooked by rate risk, inflation -survey Read More »
NEW YORK (Reuters) – The U.S. Treasury said on Monday it expects to pay down $26 billion in debt the second quarter, down from a January borrowing estimate of $66 billion, primarily because of an increase in receipts. The second-quarter estimate assumes an end-of-June cash balance of $800 billion. The Treasury has been paring back …
U.S. Treasury to pay down $26 billion in debt in Q2 Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow’s proposed scheme to receive gas payments in roubles would breach existing EU sanctions. The European Commission is expected to propose a sixth package of EU …
EU prepares Russian oil sanctions, warns against rouble gas payments Read More »
By David Henry NEW YORK (Reuters) – Western countries’ use of economic sanctions to punish Russia for its invasion of Ukraine is prompting some international clients of Citigroup Inc to explore new ways to conduct trade and finance, the bank’s chief executive said on Monday. In the Middle East, CEO Jane Fraser said, “you hear …
Citi CEO says sanctions will splinter global financial order Read More »
By Bharat Gautam (Reuters) – Gold prices fell on Monday as elevated U.S. Treasury yields pressured demand for zero-yield bullion, ahead of a widely expected big interest rate hike by the Federal Reserve to contain rising inflationary pressures. Spot gold retreated 0.4% to $1,888.56 per ounce, as of 0241 GMT. U.S. gold futures dropped 1.3% …
Gold dips as bond yields rise before Fed meeting Read More »
By Nellie Peyton DAKAR (Reuters) – U.N. Secretary-General Antonio Guterres on Sunday urged debt relief for African countries and more investment to help their economies recover from the COVID-19 pandemic and weather the impacts of the Ukraine war. The United Nations chief spoke in Senegal on the first leg of a trip that will also …
UN chief calls for debt relief, post-COVID investment on W. Africa trip Read More »
STOCKHOLM (Reuters) – Sweden’s ruling Social Democrats said they intend to strengthen unemployment benefit in 2022, an election year, at a cost of around 5 billion Swedish crowns ($509.2 million) by making some temporary benefits introduced during the pandemic permanent. “It became obvious during the pandemic that the unemployment benefit is not strong enough in …
Swedish govt vows to spend 5 billion crowns boosting unemployment benefit Read More »
By Lewis Krauskopf NEW YORK (Reuters) -A volatile stock market faces a critical test next week, when the U.S. Federal Reserve is expected to raise interest rates and give more insight on its plans for tightening monetary policy to fight surging inflation. Worries over an increasingly hawkish Fed have helped drag the benchmark S&P 500 …
Rocky stock market faces Fed test with eyes on tightening plans Read More »
ISMAILIYA, Egypt (Reuters) -Egypt’s Suez Canal recorded its highest monthly revenue to date in April, reaping $629 million in ship transit fees, the authority managing the waterway said on Sunday, as traffic rebounded from the impact of the pandemic. The monthly revenue in April was 13.6% higher than a year ago, canal authority chairman Osama …
Suez Canal sees record monthly revenue in April on higher traffic Read More »
(Reuters) – Chinese regulators held an emergency meeting with domestic and foreign banks to discuss how they could protect China’s overseas assets from U.S.-led sanctions similar to those imposed on Russia after its invasion of Ukraine, The Financial Times reported, citing people familiar with the discussion. The internal conference, held on April 22, included officials …
China discusses protecting assets from U.S. sanctions with banks -FT Read More »
