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German August inflation confirmed at 2.9%
2+ hour, 44+ min ago (60+ words) 1027wbow.com German August inflation confirmed at 2.9% BERLIN, Sept 10 (Reuters) – German inflation accelerated to 2.9% in August, the federal statistics office said on Thursday, confirming preliminary data. Germany’s consumer prices, harmonised to compare with other European Union countries, stood at 2.8% year on…...
Exclusive-South Korean FX authorities bought $20 billion in repatriated SK Hynix funds, source says
1+ week, 1+ day ago (347+ words) SEOUL, Sept 2 (Reuters) – South Korean foreign exchange authorities bought about $20 billion in U.S. dollars that SK Hynix sold after its $26.5 billion American depositary receipt listing in July, a source with direct knowledge of the matter said on Wednesday. The Foreign…...
Bank of England’s Mann sees signs of stronger economic growth
1+ week, 1+ day ago (158+ words) LONDON, Sept 1 (Reuters) – Bank of England interest rate setter Catherine Mann said Britain’s economy had shown signs of stronger growth since the central bank’s last monetary policy meeting when she voted with a minority of policymakers to raise borrowing costs....
German inflation accelerates in August, core stabilises
1+ week, 2+ day ago (477+ words) BERLIN, Aug 31 (Reuters) – German inflation rose in August on higher energy prices due to the Iran conflict, but the increase was less than expected and core inflation stabilised, easing concerns that price pressures from the war could spread more widely…...
Bessent pushes back on fears over US debt market strains | 102.7 WBOW | The Valley's Greatest Hits | Terre Haute, IN
1+ week, 3+ day ago (488+ words) By David Lawder and Leika Kihara ASHEVILLE, North Carolina, Aug 30 (Reuters) – U.S. Treasury Secretary Scott Bessent brushed aside concerns about turbulence in the U.S. government bond market, arguing that worries about rising debt and yields overlook the strength of the…...
French preliminary inflation at 2.7% in August
1+ week, 5+ day ago (83+ words) 102.7 WBOW French preliminary inflation at 2.7% in August Aug 28 (Reuters) – The rise in French consumer prices accelerated in August, preliminary data from statistics agency INSEE showed on Friday. France’s harmonized inflation rate, adjusted for comparison with other euro zone countries, was…...
Morning Bid: Warsh heads into Jackson Hole hot seat
1+ week, 5+ day ago (290+ words) All eyes are on a speech from the world’s most powerful central banker later on Friday, with investors focused on what Federal Reserve Chair Kevin Warsh says about inflation and, specifically, how he intends to get it back down to…...
Warsh signals Fed may need to hike rates if above-target inflation persists
1+ week, 5+ day ago (930+ words) By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming, Aug 28 (Reuters) – The U.S. central bank will “have work to do” if policymakers don’t get the confidence they need that inflation is heading down to 2%, Federal Reserve Chairman Kevin Warsh said…...
Indonesia’s Destry says she will back growth policies if confirmed as central bank chief
2+ week, 1+ day ago (526+ words) JAKARTA, Aug 26 (Reuters) – Destry Damayanti, the sole candidate nominated for Indonesia’s central bank governor, on Wednesday told a vetting panel she will look to support growth and job creation while ensuring financial stability if she becomes Bank Indonesia’s chief. Destry,…...
Interest rates must rise further, ECB’s Schnabel tells Bloomberg
2+ week, 1+ day ago (99+ words) 102.7 WBOW Interest rates must rise further, ECB’s Schnabel tells Bloomberg Aug 26 (Reuters) – European Central Bank board member Isabel Schnabel said interest rates must rise further as the conflict in the Middle East drags on and strong euro-zone economy pose upside…...