MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Monday authorities are looking at a U.S. decision announced at the weekend to temporarily suspend avocado shipments on security grounds from the western state of Michoacan. The U.S. embassy said the U.S. avocado inspection program in Michoacan had been suspended pending a review …
Mexican president says U.S. avocado suspension being looked at Read More »
WASHINGTON (Reuters) -The U.S. is considering offering Ukraine up to $1 billion in sovereign loan guarantees to help Ukraine’s economy amid pressures from the Russian military build-up, a senior Biden administration official said on Monday. The White House official was confirming what a source familiar with the matter had earlier recounted to Reuters about a …
U.S. considering offering Ukraine up to $1 billion in sovereign loan guarantees Read More »
FRANKFURT (Reuters) -European Central Bank President Christine Lagarde faced a backlash in the European Parliament on Monday from conservative lawmakers criticising the ECB’s green strategy as a “distraction” from its duty to tame inflation. Lagarde has made joining the fight against climate change a key goal and the ECB pledged https://www.reuters.com/business/environment/ecb-ramps-up-its-role-tacking-climate-change-2021-07-08 last year to take …
ECB faces backlash over green strategy ‘distraction’ from inflation fight Read More »
By Sruthi Shankar (Reuters) -European shares ended at their lowest level in 20 days on Monday, with travel and banking leading the slump as investors fretted over geopolitical risks following warnings that Russia could invade Ukraine at any time. The Europe-wide STOXX 600 index fell 1.8% – its worst single-day fall since Jan. 24. All …
European shares sink as Russia-Ukraine jitters rattle market Read More »
By Maha El Dahan and Sarah El Safty CAIRO (Reuters) – Tensions between Russia and the West are driving oil prices, rather than the kind of fundamental fuel shortage that would justify accelerated output increases from OPEC+, UAE energy minister Suhail al-Mazrouei said on Monday. “It looks like it is not supply and demand,” he …
Geopolitics, not fundamentals, driving oil higher, UAE energy min says Read More »
By Peter Hobson LONDON (Reuters) – Concern among investors that the U.S. Federal Reserve will fail to control inflation is helping to lift gold prices despite a sharp rise in U.S. bond yields that would usually drive the metal lower, analysts said. Real, or inflation-adjusted, returns on U.S. debt have for years been the strongest …
Fear of uncontrolled inflation helps gold shrug off rising yields Read More »
By Alexander Marrow MOSCOW (Reuters) – The rouble pulled away from its weakest mark since late January on Monday in topsy-turvy trade, attempting to recover from its sharpest drop in nearly two years on Friday, after Russia proposed more diplomacy over European security concerns. Moscow has dismissed renewed fears of an imminent incursion into Ukraine …
Volatile rouble attempts recovery as Russia offers more time for diplomacy Read More »
By Julie Gordon OTTAWA (Reuters) -A pandemic-driven exodus of young families out of Canada’s largest cities has depleted a core age group of workers from the already tight labor market, which experts say risks accelerating wage inflation in certain industries. Leading the rush out of Canada’s big cities were children under 10 and millennials, or …
Pandemic exodus of Canadian families from cities could fuel wage inflation Read More »
By John Kemp LONDON (Reuters) – A bout of profit-taking ensued last week as seven-year highs in crude oil and middle distillates prices intensified concerns about inflation and the possibility of countermeasures from central banks. Rapidly escalating prices for oil and other commodities have become a central problem for macroeconomic policymakers in advanced economies. Unless …
Column-Hedge funds take oil profits as inflation fears intensify: Kemp Read More »
By Lefteris Papadimas ATHENS (Reuters) -Greece will repay the final tranches of bailout loans owed to the International Monetary Fund by the end of March, two years ahead of schedule, Finance Minister Christos Staikouras told Reuters on Monday. The country, which received more than 260 billion euros in bailout loans from the European Union and …
