By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased solidly in February as Americans faced persistently higher costs for rents, posing a dilemma for the Federal Reserve, whos[...]
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March 15, 2023
UK no longer forecast to enter recession -Hunt
LONDON (Reuters) – Britain is no longer forecast to enter a recession this year, finance minister Jeremy Hunt said on Wednesday, adding that inflation was forecast to fall to 2.9% by the end of[...]
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U.S. bank loan plan provides Fed rate hike path amid SVB fallout
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -A U.S. lending program to stem deposit outflows in the wake of Silicon Valley Bank’s collapse gives the Federal Reserve scope to continue raising[...]
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Japan’s workers get biggest pay rises in decades as inflation surges
By Tetsushi Kajimoto and Kiyoshi Takenaka TOKYO (Reuters) -Top Japanese companies agreed to their largest pay increases in a quarter century at annual labour talks that wrapped up on Wednesday, heedin[...]
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ECB likely to stick to big rate hike despite banking turmoil
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -European Central Bank policymakers are leaning towards a half-percentage-point rate hike on Thursday, as the banking sector turmoil is dissi[...]
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German economy expected to contract slightly in 2023 -Ifo
BERLIN (Reuters) -The German economy will be unable to escape a recession in 2023, but following two quarterly contractions in the winter it will start its recovery in spring, the Ifo economic institu[...]
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India’s February exports rise despite global weakness
By Shivangi Acharya NEW DELHI (Reuters) – India’s merchandise and services exports rose in February despite global headwinds, according to data released by the government on Wednesday, hel[...]
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Marketmind-Deep breaths as banks calm, but only a bit
A look at the day ahead in U.S. and global markets from Mike Dolan Hyperventilating world markets have finally caught their breath as the U.S. bank shock of the past week appeared to calm somewhat and[...]
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China’s property sector draws closer to exit from protracted slump
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s embattled property sector made new progress in its climb out of a months-long slump as official data for January-February on Wedne[...]
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