By Laura Sanicola (Reuters) – Oil prices settled nearly unchanged on Thursday after the European Central Bank (ECB) decided to slow the pace of interest rate hikes, with prices still down more t[...]
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May 4, 2023
ECB slows rate hike pace but signals more to come
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank slowed the pace of its interest rate increases on Thursday but signalled more tightening to come in what ma[...]
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Analysis-Markets bet ECB will pause hikes soon as economy feels rate pinch
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – The ECB may not be done with rate hikes just yet, but its own admission that aggressive tightening is now making itself felt in the euro[...]
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European shares end lower as ECB slows rate hikes but signals more to come
By Shreyashi Sanyal (Reuters) -European shares ended Thursday lower after the European Central Bank eased the pace of its interest rate hikes but signalled more tightening to come, while Swedish build[...]
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US jobs market softening; slumping productivity boosts labor costs
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits increased last week as the labor market gradually softens amid higher interest rates, whic[...]
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US retailers cut most number of jobs in April -report
(Reuters) -U.S. retailers replaced technology firms in cutting the most number of jobs in April, as companies show little signs of easing their belt-tightening drive in an uncertain economy. Higher in[...]
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Denmark’s central bank raises key rate, following ECB hike
COPENHAGEN (Reuters) – Denmark’s central bank raised its key interest rate by 0.25 percentage points to 2.85% on Thursday, following a rate hike earlier in the day by the European Central[...]
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Largest banks doing big deals not ideal, FRC an exception – Powell
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said it was probably good policy that the largest banks are not doing big acquisitions, but said that JPMorgan Chase & Co’s acq[...]
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Inflation has passed its peak in Germany as energy prices ease – Econ Min
BERLIN (Reuters) – Inflation has passed its peak in Germany as energy prices have eased, German Economy Minister Robert Habeck said on Thursday, adding that the downward trend is expected to con[...]
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