By Ann Saphir (Reuters) – Federal Reserve Chair Jerome Powell worked through the weekend after Russia’s Feb. 24 invasion of Ukraine, meeting with staff on both Saturday and Sunday for the first time since May 2020 when the central bank was deep into its pandemic crisis response. Powell had two 45-minute meetings with staff on …
Fed Chair Powell worked the weekend after Russia’s invasion began Read More »
FRANKFURT (Reuters) – Christian Friege, chief executive of German photo service provider Cewe, obstructed diversity and the appointment of a woman as a board member, the company’s board of trustees said on Friday. The announcement came in an unusual and harshly worded statement that sought to clarify a decision announced in March not to reappoint …
CEO of Germany’s Cewe ‘massively obstructed’ diversity -board Read More »
(Reuters) – As the second quarter gets underway, the biggest question is when soaring inflation will finally peak. Federal Reserve minutes and a Reserve Bank of Australia meeting will provide insights on rate setters’ thinking. Resilience in stocks and Russia’s rouble could be put to the test. Here’s your week ahead in markets from Kevin …
Take Five: Q2 to test resilient stocks, peak inflation Read More »
MADRID (Reuters) – Factory activity in Spain grew for a 14th consecutive month in March though at a slower pace because of pressure on supply chains and rising inflation fuelled by the war in Ukraine, a survey showed on Friday. IHS Markit’s Purchasing Managers’ Index (PMI) for manufacturing stood at 54.2, down from 56.9 in …
Tight supply chains, inflation slow Spain’s factory activity in March- PMI Read More »
A look at the day ahead in markets from Julien Ponthus. The deadline for European buyers of Russian gas to start paying in roubles and the release of that number one U.S. economic indicator, the non-farm payrolls report, means it won’t be a quiet end to the week. It is not clear which side has …
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday the Biden administration’s economic agenda will not only expand the productive capacity of the U.S. economy, but can propel faster growth by reducing economic and racial disparities. In remarks to a Stanford University economics conference, Yellen provided more details on the approach she has …
Yellen says Biden economic plan to spread growth across more ‘places and races’ Read More »
WARSAW (Reuters) – There is no risk that the Polish zloty will remain weak in the long-term, Poland’s prime minister said on Friday, adding the government was working on measures that would support the country’s economy, which was hit after the Russian invasion of Ukraine. The Polish currency has been under pressure since Russia began …
No risk for Polish zloty to remain weak in long-term, says prime minister Read More »
(Corrects juxtaposition of words in name of networking forum in paragraph 8) By Eduardo Baptista and Clare Jim BEIJING/HONG KONG (Reuters) – China’s so-called “common prosperity” push in the near-term will not only aim to bridge the widening wealth gap but is also set to shape the country’s regulatory approach, with sectors seen crucial for …
China’s ‘common prosperity’ push leads to divergence in regulatory approach Read More »
By Jamie McGeever ORLANDO, Fla. (Reuters) -The ballooning euro cost of oil and gas to record highs as war rages in Ukraine has prompted markets to murmur about the chances of a rare, even if unlikely, ECB intervention to bolster the euro against the dollar. At first glance, it would be odd for the European …
Might the ECB be tempted to prop up the euro?: McGeever Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The euro extended recent declines and hit its lowest since 2016 against sterling on Thursday as investors worried about the impact of rising oil prices after Russia’s invasion of Ukraine, while the U.S. dollar index rose as Federal Reserve Chairman Jerome Powell reiterated that he supports a 25-basis-point …
Euro extends recent fall, U.S. dollar gains ahead of jobs data Read More »
