By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index snapped a four-day winning streak on Wednesday, led by losses in shares of Mercedes Benz Group, while a dour forecast from[...]
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November 16, 2022
Bank of England’s Bailey speaks to lawmakers
LONDON (Reuters) – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers in parliament on Wednesday, two weeks after the BoE raised inte[...]
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BoE’s Bailey: ‘very tight’ labour market key to rates outlook
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Wednesday that Britain’s very tight labour market was a key reason why further interest rate increases were likely.[...]
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Portugal’s finance minister sees 2022 growth above target, focus on debt cuts
By Sergio Goncalves and Aislinn Laing LISBON (Reuters) – Portugal expects economic growth of at least 6.7% this year, beating its 6.5% forecast on the back of domestic demand and tourism, helpin[...]
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Petro-Logistics says OPEC appears to be making oil output cut
By Alex Lawler LONDON (Reuters) – Crude oil exports by OPEC have fallen significantly so far this month, leading tanker-tracker Petro-Logistics said on Wednesday, suggesting members are deliveri[...]
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U.S. dollar has peaked due to softer inflation, jobs -Barclays, Deutsche
NEW YORK (Reuters) – The U.S. dollar may have already seen its highest levels for the year given growing evidence of slowing inflation and a weakening labor market in the world’s largest e[...]
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Russian weekly consumer prices edge up in latest data
MOSCOW (Reuters) – Consumer prices in Russia rose slightly for the eighth consecutive week in mid-November, data published on Wednesday showed, driven by goods including eggs and tea and domesti[...]
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Russian economy shrinks 4% in third quarter – statistics agency
MOSCOW (Reuters) – Russia’s economy shrank 4% year-on-year in the third quarter of 2022, data from the Rosstat federal statistics service showed on Wednesday, as the consequences of the co[...]
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Brexit is weighing on UK economy, Bank of England officials say
LONDON (Reuters) – The effects of Brexit are weighing on Britain’s economy, more than six years after voters decided to leave the European Union, Bank of England officials said on Wednesda[...]
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