Category Archives:
Strong ECB statement equivalent to a bigger rate hike, Holzmann says
VIENNA (Reuters) - The European Central Bank's message that it is serious about fighting inflation was a strong signal equivalent to a bigger increase in interest rates, ECB hawk Robert Holzmann said ...
Dec 16, 2022
China’s new state-run agency to start iron ore purchases -Bloomberg News
BEIJING (Reuters) -China Mineral Resources Group (CMRG), a new state-owned agency, is set to be the world's biggest iron ore buyer as soon as next year, when it will start buying for about 20 of the l...
Dec 16, 2022
Kremlin says it is finalising last details of response to oil price cap
(Reuters) - The Kremlin said on Friday it was finalising the last details of how it would respond to the West's imposition of a price cap on Russia's oil exports. Moscow has repeatedly said it will no...
Dec 16, 2022
Philippine artist creates paintings using his own blood
By Adrian Portugal MANILA (Reuters) - Philippine artist Elito Circa has blood on his hands, literally - but only to create art with. Using blood taken from his own veins, the 52-year old produces canv...
Dec 16, 2022
UK housebuilder Taylor Wimpey names ex-Landsec chief Noel as next chair
(Reuters) - Taylor Wimpey said on Friday former Landsec chief Robert Noel would replace Irene Dorner as its chairperson next year, the second top level change at the British housebuilder in 2022 after...
Dec 16, 2022
ECB could hikes rates by 50 bps each in Feb and March, Rehn says
HELSINKI (Reuters) - The European Central Bank will likely have to raise interest rates by a half a percentage point at each of its next two meetings to lower inflationary pressures, Finnish central b...
Dec 16, 2022
Russia’s Urals oil averaged $57.49/bbl in past month, below price cap
MOSCOW (Reuters) - The average price for Russia's Urals oil blend was $57.49 per barrel between Nov. 15 and Dec. 14, Russia's Finance Ministry said late on Thursday, below the Western cap of $60. That...
Dec 16, 2022
Hungary’s annual CPI could slow to single digit by end-2023 -cbanker
BUDAPEST (Reuters) - Hungary's annual inflation could slow to single-digit by the end of 2023, National Bank of Hungary deputy governor Barnabas Virag said in an article posted on the central bank's w...
Dec 16, 2022
India’s textile industry faces tough times as consumers cut spending
By Manoj Kumar and Rajendra Jadhav NEW DELHI/MUMBAI (Reuters) - India's $200 billion textile and apparel industry is facing a crisis as consumers in the United States, Europe and other big markets hav...
Dec 16, 2022
Halifax says UK house prices set to fall next year by around 8%
LONDON (Reuters) - Mortgage lender Halifax said on Friday it expected British house prices to fall next year by around 8% as the increasing cost of living put more pressure on household finances and r...
Dec 16, 2022
Peoria, IL, USA
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