Mining The Markets

March 4, 2023

Fed’s Daly: tighter policy, for a longer time, ‘likely’ needed

BY Reuters  • March 4, 2023March 4, 2023
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Saturday sounded a clear warning on the inflationary threat, and signaled that the U.S. central bank may raise interest rate[...]
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Business Economy US

German sanctions against Russian oligarchs advancing slowly

BY Reuters  • March 4, 2023March 4, 2023
BERLIN (Reuters) – Germany is making slow progress in enforcing sanctions against Russian oligarchs and institutions, according to government numbers seen by Reuters on Saturday. Germany has fro[...]
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Economy Europe Top News

Japan unions ask average 4.5% wage hike, biggest since 1990s

BY Reuters  • March 4, 2023March 4, 2023
By Kantaro Komiya TOKYO (Reuters) – Japan’s trade unions are demanding the biggest wage hike in more than two decades at their spring pay negotiations, a national labour tally showed on Fr[...]
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Asia Economy Updated

Sri Lanka’s rate hike shows commitment to rapid disinflation – IMF

BY Reuters  • March 4, 2023March 4, 2023
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s decision to raise interest rates shows the crisis-hit country’s commitment to reducing inflation quickly towards single-digit lev[...]
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Asia Economy

Defensives may not be safe place to hide as stock market stumbles

BY Reuters  • March 4, 2023March 4, 2023
By Lewis Krauskopf NEW YORK (Reuters) – Investors searching for safer areas in the U.S. stock market are finding that traditional shelters that held up in last year’s selloff, such as cons[...]
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Business Economy US
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