By Andy Bruce LONDON (Reuters) -Britain looks on course to sidestep a long recession after a survey showed a surprise return to growth by businesses this month, raising the likelihood of another Bank[...]
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February 21, 2023
Dollar flat but data continues to support
By Laura Matthews and Amanda Cooper LONDON/NEW YORK (Reuters) – The dollar fell against the pound but held steady against most of its peers on Tuesday, as economic data continues to point to the[...]
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Ireland hands households, businesses more cost-of-living relief
DUBLIN (Reuters) -Ireland on Tuesday announced 1.3 billion euros ($1.4 billion) in further cost-of-living relief payments to households and extended a temporary lower VAT rate for the hospitality sect[...]
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Canada December retail sales up 0.5% on autos, seen up 0.7% in January
Feb 21 (Reuters) – Canadian retail sales rose by 0.5% in December from November at C$62.12 billion ($46.19 billion), on higher sales at motor vehicles and parts dealers, as well as general merch[...]
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Euro zone business growth at 9-month high as services supports -flash PMI
By Jonathan Cable LONDON (Reuters) -Surprisingly strong services growth meant the recovery in euro zone business activity gathered steam this month, expanding much faster than thought, according to a[...]
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Explainer-Why Germany doesn’t like the EU’s debt reform proposals
BERLIN (Reuters) – EU finance ministers started talks last week on adjusting the bloc’s fiscal rules to the post-pandemic realities of high debt and significant investment needs, but some[...]
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Analysis-Looming U.S. default risk prompts investors to cut some debt exposure
By Davide Barbuscia and Saeed Azhar NEW YORK (Reuters) – Bond investors are starting to trim holdings of U.S. debt to brace for a possible government default that they see as highly unlikely but[...]
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UK’s Hunt gets a pre-budget boost with surprise January surplus
By Andy Bruce LONDON (Reuters) -Britain’s government ran an unexpected budget surplus in January thanks to strong income tax receipts, giving finance minister Jeremy Hunt a little more leeway as[...]
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Goldman Sachs expects ECB to raise rates thrice this year
(Reuters) – Goldman Sachs said it was expecting the European Central Bank to raise interest rates thrice this year, taking the terminal rate to 3.5% from 3.25% estimated earlier. In a note dated[...]
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