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Sri Lanka central bank hikes rates to tame inflation; urges govt to act
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) - Sri Lanka's central bank sharply raised interest rates on Friday to staunch growing inflationary pressures and urged the government to consider ...
Syndicated Content Mar 04, 2022
Biden to boost made-in-America goods as Siemens adds factory jobs
WASHINGTON (Reuters) - U.S. President Joe Biden on Friday will announce requirements for the government to buy more made-in-America goods at a White House event where Germany's Siemens AG will commit ...
Syndicated Content Mar 04, 2022
Euro zone January retail sales rise weaker than expected
BRUSSELS (Reuters) - Euro zone retail sales grew by less than expected in January, Eurostat data showed on Friday, pulled down by weaker sales of fuel and muted spending on food and online, as inflati...
Syndicated Content Mar 04, 2022
Russia proposes easing requirements for using rainy-day fund to buy stocks – draft law
MOSCOW (Reuters) - Russian lawmakers have proposed investing in Russian government securities from the country's National Wealth Fund (NWF) even if the fund's liquid part drops below 7% of gross domes...
Syndicated Content Mar 04, 2022
UK construction sector activity strongest in Feb since mid-2021 -PMI
LONDON (Reuters) - Britain's construction sector grew at its fastest pace since mid-2021 in February as disruption from the Omicron coronavirus wave eased and input costs rose at the slowest pace in n...
Syndicated Content Mar 04, 2022
China calls on rare earths companies to bring prices back to “reasonable” level
BEIJING (Reuters) - China summoned some key rare earths companies amid continuously-rising product prices and urged them to ensure a steady supply chain to help cool prices, the regulator said on Frid...
Syndicated Content Mar 04, 2022
Take Five: Navigating the Ukraine crisis
The war in Ukraine, and its fallout, remains central for markets. How much more pain is about to hit Russia's economy? Can oil rise even higher? U.S. inflation data is due on Thursday, the same day th...
Syndicated Content Mar 04, 2022
Sri Lanka’s apparel sector struggles with rolling power cuts
By Uditha Jayasinghe COLOMBO (Reuters) - Indika Prasanna Kumara ventures out every afternoon to try to find 200 litres of diesel for the Broadway Kids apparel factory in Sri Lanka so it can run its ge...
Syndicated Content Mar 04, 2022
Hyundai Motor continues suspension at Russian assembly plant
SEOUL (Reuters) - South Korea's Hyundai Motor Co has not decided when to resume operations at its assembly plant in Russia's St Petersburg, it said on Friday, citing ongoing issues with components del...
Syndicated Content Mar 04, 2022
European stocks head for third week of declines
(Reuters) - European stocks sank on Friday, on course for their third consecutive week of declines following reports of a nuclear power plant on fire amid fierce fighting between Ukraine and Russian t...
Syndicated Content Mar 04, 2022
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