By Shariq Khan BENGALURU (Reuters) -Oil prices settled more than a dollar lower on Wednesday after Russian oil shipments via the Druzhba pipeline to Hungary restarted and as rising COVID-19 cases in C[...]
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Articles
Banque Saudi Fransi sells $700 million in five-year bonds
DUBAI (Reuters) – Banque Saudi Fransi sold $700 million in five-year bonds on Wednesday in the first public dollar bonds out of the Gulf in nearly a month, a bank document showed. The bonds were[...]
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Portugal’s finance minister backs planned EU debt rule flexibility
By Sergio Goncalves and Aislinn Laing LISBON (Reuters) – Portugal’s finance minister has backed the European Commission’s proposal to change the EU’s fiscal rules to allow gove[...]
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Goldman raises forecast for 2023 Fed rate peak by 25 basis points
(Reuters) – Goldman Sachs on Wednesday raised its forecast for the peak in the federal funds rate by 25 basis points to 5-5.25%, after adding one more quarter-point Federal Reserve hike in May 2[...]
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Polish parliament votes to loosen spending rules in 2022
WARSAW (Reuters) – Poland’s parliament passed a bill loosening limits on additional spending in 2022 on defence and support related to the energy crisis and inflation, voting records showe[...]
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UK inflation hits 41-year high as Hunt readies tough budget
By Andy Bruce and William Schomberg LONDON (Reuters) – Surging household energy bills and food prices pushed British inflation to a 41-year high, data showed a day before finance minister Jeremy[...]
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Fed’s Williams says monetary policy not best tool for financial stability
By Michael S. Derby NEW YORK (Reuters) -New York Federal Reserve President John Williams said on Wednesday he still believes monetary policy is not the best tool to address financial stability risks,[...]
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Europe’s STOXX 600 drops 1% on Mercedes drag; Target outlook weighs on retailers
By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index snapped a four-day winning streak on Wednesday, led by losses in shares of Mercedes Benz Group, while a dour forecast from[...]
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Bank of England’s Bailey speaks to lawmakers
LONDON (Reuters) – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers in parliament on Wednesday, two weeks after the BoE raised inte[...]
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BoE’s Bailey: ‘very tight’ labour market key to rates outlook
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Wednesday that Britain’s very tight labour market was a key reason why further interest rate increases were likely.[...]
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