Category Archives:
Russia’s 2022 inflation seen at 13.4%, more rate cuts to come: Reuters poll
MOSCOW (Reuters) - Analysts have trimmed their year-end inflation forecasts for Russia and see room for the central bank to continue cutting rates as it tries to blunt the impact of major sanctions, a...
Jul 29, 2022
Analysis-World’s biggest bond markets back in vogue as recession fears mount
By Dhara Ranasinghe LONDON (Reuters) - One day you're out and the next day you're in: the world's battered sovereign bond markets are back in favour as global recession fears mount. Government borrowi...
Jul 29, 2022
Intesa’s profit tops forecast on higher rates, trading
By Valentina Za MILAN (Reuters) - Italy's biggest bank Intesa Sanpaolo on Friday posted a bigger-than-expected profit for the second quarter, helped by higher interest rates and trading gains, which o...
Jul 29, 2022
Brazil central bank to raise rates by 50 bps on Aug. 3: Reuters poll
By Valentine Hilaire MEXICO CITY (Reuters) - Brazil's central bank will hike its key rate by 50 basis points next week, a Reuters poll showed on Friday, matching an increase at its last meeting follow...
Jul 29, 2022
U.S. consumer spending beats expectations in June; inflation accelerates
WASHINGTON (Reuters) - U.S. consumer spending increased more than expected in June as Americans paid more for goods and services, with monthly inflation surging by the most since 2005. Consumer spendi...
Jul 29, 2022
CNH Industrial beats profit Q2 estimates but flags bleaker outlook
MILAN (Reuters) - Agricultural and construction machine maker CNH Industrial beat estimates on Friday with a 14% rise in industrial operating profit in the second quarter, but said it anticipated a to...
Jul 29, 2022
Hermes snubs luxury resale market
By Mimosa Spencer PARIS (Reuters) - Birkin bag maker Hermes is not interested in getting involved in the fast-growing second hand luxury market which has attracted some its rivals, its chief Axel Duma...
Jul 29, 2022
Canada Q2 annualized GDP most likely grew 4.6%, higher than BoC forecast
OTTAWA (Reuters) - The Canadian economy most likely grew at an annualized rate of 4.6% in the second quarter over the first, above the Bank of Canada's projection, Statistics Canada said in a flash es...
Jul 29, 2022
U.S. labor costs increase strongly in the second quarter
WASHINGTON (Reuters) - U.S. labor costs increased strongly in the second quarter as a tight jobs market continued to boost wage growth, which could keep inflation elevated for a while. The Employment ...
Jul 29, 2022
China says U.S. chip act will distort global semiconductor supply chain
HONG KONG (Reuters) - China's commerce ministry said on Friday that a major new chips act passed by the U.S. Congress will distort the global semiconductor supply chain and disrupt international trade...
Jul 29, 2022
Peoria, IL, USA
52 °F Overcast
