By Mike Dolan LONDON (Reuters) – If Fed steers on the time it takes interest rate hikes to hit the real economy are anything to go by, the state of the economy this summer will define the endgame. The U.S. Federal Reserve clearly knows it’s tightened credit a lot already – the past 12 months …
Column-Fed flags lags and summertime blues: Mike Dolan Read More »
PARIS (Reuters) – French consumer confidence fell back slightly in February compared to January, said the INSEE statistics body on Friday, which also revised up its earlier reading for the January figure. INSEE’s February consumer confidence figure stood at 82 points. This was down from a revised figure of 83 points for January. The January …
French consumer confidence fell slightly in February from January -INSEE Read More »
By John Revill ZURICH (Reuters) -Holcim Chief Executive Jan Jenisch will become the company’s next chairman, the world’s biggest cement maker said on Friday, after it posted better than expected recurring operating profit for 2022. Jenisch, who has transformed Holcim into a broader building materials company since taking charge in 2017, will continue as CEO …
Holcim CEO Jenisch to take over as chairman after record year Read More »
By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that U.S. inflation was coming down but there was still more work to do to bring it in line with the Federal Reserve’s 2% annual target. Yellen also told reporters on the sidelines of a G20 finance ministers and central bank …
Yellen says U.S. inflation coming down but core measures remain elevated Read More »
By Joe Cash BEIJING (Reuters) – China, the world’s largest bilateral creditor, urged G20 nations on Friday to conduct a fair, objective and in-depth analysis of the causes of global debt issues and to “resolve the problem in a comprehensive and effective manner.” Liu Kun, China’s finance minister, joined a meeting of the bloc’s finance …
China calls for ‘joint action’ in debt settlements at G20 Read More »
By Anushka Trivedi MUMBAI (Reuters) – Improving macroeconomic fundamentals have made the Indian rupee more resilient, but the central bank’s ‘hands-on’ approach amid periods of volatility will also ensure the rupee outperforms its Asian peers going ahead, strategists and analysts said. The rupee has dropped 1% versus the U.S. dollar so far in February, as …
Indian rupee to outperform Asian peers amid uncertain Fed rate path – strategists Read More »
By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) -Japan’s core consumer inflation hit a fresh 41-year high in January as companies passed on higher costs to households, data showed on Friday, keeping the central bank under pressure to phase out its massive stimulus programme. The data underscores the dilemma policymakers face as soaring prices of …
Japan’s consumer inflation hits 41-year high, keeps BOJ under pressure Read More »
By Joshua Schneyer, Kristina Cooke and Mica Rosenberg NEW YORK (Reuters) – South Korean automaker Hyundai Motor Co on Friday told shareholders that it would divest its controlling stake in a major Alabama auto parts plant where Reuters last year documented children as young as 12 were working. In a Feb. 24 letter to shareholders …
Exclusive-Hyundai to divest Alabama subsidiary following child labor revelations Read More »
MOSCOW (Reuters) – Russia’s Wagner group of mercenaries has taken full control of the Ukrainian village of Berkhivka, a village on the outskirts of Bakhmut, Wagner founder Yevgeny Prigozhin said on Friday. “Berkhivka is fully under our control. Units of Wagner Private Military Company are in full control of Berkhivka,” he said in a post …
Russia’s Wagner claims control of Ukrainian village near Bakhmut Read More »
BERLIN (Reuters) – Germany will support Ukraine “as strongly and as long as necessary”, Chancellor Olaf Scholz said on Thursday, the one-year anniversary of the full-scale invasion of the country by Russia. “What impresses us all very much – that is the determination and courage of the Ukrainians, how they defend their freedom,” Scholz said …
Scholz: Germany will support Ukraine “as strongly and as long as necessary” Read More »
