Category Archives:
IMF says wage-price spirals are rare, but rate hikes needed to quell inflation expectations
By David Lawder WASHINGTON (Reuters) - New research by the International Monetary Fund shows that sustained wage-price spirals are historically rare, and recent sharp interest rate hikes by central ba...
Oct 05, 2022
Europe’s gas crisis set to deepen after winter drains reserves
By Essi Lehto and Kate Abnett HELSINKI/BRUSSELS (Reuters) - Europe may limp through the cold winter months with the help of brimming natural gas tanks despite a plunge in deliveries from former top su...
Oct 05, 2022
Spotify acquires firm that detects harmful content
By Dawn Chmielewski (Reuters) - Audio-streaming service Spotify Technology SA on Wednesday said it has acquired Kinzen, a firm that has helped it identify harmful content on the platform. The acquisit...
Oct 05, 2022
Global bond funds see biggest outflows in two decades
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) - Global bond funds saw the biggest outflows in two decades in the first three quarters of this year as hefty interest rate increases by central ...
Oct 05, 2022
Australia, New Zealand keep global rate hikes on upward swing
LONDON (Reuters) - Major central banks are determined to clamp down on red-hot inflation, with Australia and New Zealand delivering further interest rate hikes this week. A smaller-than-anticipated ra...
Oct 05, 2022
Canada’s exports fall in August as crude prices drag
OTTAWA (Reuters) - Canada's exports fell 2.9% in August, largely driven by lower crude oil prices, while imports fell 1.7%, resulting in the smallest trade surplus of the year, Statistics Canada said ...
Oct 05, 2022
Factbox-Government measures to ease inflation pain
(Reuters) - Pandemic-related disruptions to global supply chains and the knock-on effects of Russia's war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Belo...
Oct 05, 2022
U.S. private payrolls increase in September -ADP
WASHINGTON (Reuters) - U.S. private employers stepped up hiring in September, suggesting demand for workers remains strong despite rising interest rates and tighter financial conditions. Private emplo...
Oct 05, 2022
Siemens Gamesa to replace head of struggling onshore wind unit – memo
By Isla Binnie (Reuters) - Struggling wind turbine maker Siemens Gamesa will replace the head of its onshore unit due to recent financial losses that have piled pressure on the business, an internal m...
Oct 05, 2022
Bank of Spain cuts 2023 growth forecast to 1.4%, lifts 2022 forecast
By Jess Aguado MADRID (Reuters) -The Bank of Spain on Wednesday significantly cut its GDP growth forecast for next year due to the impact of higher energy prices in Europe and lower consumer spending....
Oct 05, 2022
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