BERLIN (Reuters) – The European Central Bank should raise interest rates by 50 basis points at each of its next four meetings as inflation is proving to be stubborn, Austrian central bank chief[...]
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March 6, 2023
Head of UK employer group CBI steps aside over allegations
LONDON (Reuters) – The Confederation of British Industry said on Monday that its director-general, Tony Danker, had stepped aside while the employer body conducted a review into his behaviour. T[...]
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Bank of England says insurers more likely to fail if capital cut rule goes ahead
By Huw Jones LONDON (Reuters) – Britain’s proposals to loosen capital rules for insurers will increase the chances of an insurance company failing by 20% in a given year, the Bank of Engla[...]
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Weak euro zone data point to cracks in recovery as inflation lingers
By Balazs Koranyi FRANKFURT (Reuters) -The euro zone’s economic recovery is tentative and fragile, several indicators suggested on Monday, adding to signs that even if a recession may have been[...]
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China confident of achieving 2023 economic growth target: state planner
By Joe Cash and Ellen Zhang BEIJING (Reuters) – China is confident of achieving its 2023 growth target as consumption picks up steam, the vice head of the state planner said on Monday, after par[...]
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Marketmind: Hopeful market awaits Powell testimony
A look at the day ahead in European and global markets from Ankur Banerjee Investors have found their appetite for risky assets at the start of a crucial week, shrugging off the disappointment of Chin[...]
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S.Korea inflation slowest in 10 months, bolsters views for no more hikes
By Jihoon Lee SEOUL (Reuters) – South Korea’s consumer prices for February grew at their slowest pace in 10 months, bolstering views that the central bank is done with its current policy t[...]
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Analysis-Chinese companies hang onto dollars, hedge to prepare for volatile yuan
By Winni Zhou and Brenda Goh SHANGHAI (Reuters) – Some Chinese companies are holding on to dollar revenues from exports, while others are turning to foreign exchange hedging in anticipation of a[...]
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