News
Russian regulator demands explanation after one Moscow petrol retailer hikes prices by 19%
12+ hour, 6+ min ago (200+ words) MOSCOW, June 18 (Reuters) " Russia's anti-monopoly watchdog on Thursday asked a major petrol retailer in Moscow for "an explanation after it hiked "prices for 95-octane petrol by 19% in the last week. FAS, the watchdog, sent the demand to Neftmagistral, a company…...
World Bank approves guarantee-backed financing package for Argentina
2+ day, 4+ hour ago (369+ words) BUENOS AIRES, June 16 (Reuters) " The World Bank Group on Tuesday approved a guarantee-backed financing package to help mobilize up to $2 billion in commercial loans for Argentina, which will help the country reduce "its financing costs and strengthen public debt management,…...
Trump invokes Defense Production Act for munitions, supply chains
2+ day, 8+ hour ago (196+ words) WASHINGTON, June 16 (Reuters) " U. S. President Donald Trump has invoked the Defense Production Act to address constraints in "weapons supply and development for munitions "production and supply chains, according to a memo made public on Tuesday. The move comes amid growing concern…...
US import prices increase more than expected in May
2+ day, 7+ hour ago (295+ words) WASHINGTON, June 16 (Reuters) " U. S. import prices rose more than expected in May amid strong gains in the prices of fuels and capital goods, leading "to the largest annual increase in nearly four "years. Import prices increased 1. 9% last month after an upwardly…...
US homebuilder sentiment falls in June amid rising costs
3+ day, 10+ hour ago (348+ words) WASHINGTON, June 15 (Reuters) " U. S. homebuilder sentiment fell in June, weighed down by higher mortgage rates and costs for construction materials, a survey showed on Monday. The National Association of Home "Builders/Wells Fargo Housing Market index dropped two points to 35 "this…...
Analysis-China bonds emerge as surprise haven as Iran war reshapes portfolios
3+ day, 18+ hour ago (651+ words) By Li Gu, Casey Hall and Jiaxing Li SHANGHAI/HONG KONG, June 15 (Reuters) " Global asset managers have been adding Chinese government bonds to their portfolios since the Iran war broke out, drawn not by yield but by their near-zero correlation…...
ECB's Lagarde welcomes Iran deal, Nagel cautions on lasting inflation
3+ day, 18+ hour ago (470+ words) PARIS/FRANKFURT, June 15 (Reuters) " ECB President Christine Lagarde on Monday welcomed news of a U. S. -Iran ceasefire, saying it could help reopen the Strait of Hormuz, although fellow policymaker Joachim Nagel cautioned it would bring no immediate relief to high euro…...
Australia's central bank to pause on June 16; a minority still see Q3 rate hike: Reuters poll
1+ week, 8+ hour ago (469+ words) BENGALURU, June 12 (Reuters) " The Reserve Bank of Australia will pause its tightening cycle on June 16, according to a Reuters poll of economists as a cooling economy gives policymakers room to assess the impact of three consecutive rate "hikes," even as…...
Falling births to hit France's pension deficit from 2045
1+ week, 12+ hour ago (290+ words) PARIS, June 11 (Reuters) " France's retirement system is set to run larger-than-expected deficits from 2045 when the falling birth rate starts weighing on the system's finances, "the pensions advisory council said on Thursday. " The "council's annual update said the outlook was largely…...
Japan wholesale inflation accelerates to fastest in 3 years as energy costs spike
1+ week, 2+ day ago (453+ words) TOKYO, June 10 (Reuters) " Japan's wholesale inflation accelerated in May at the fastest pace in three years as price pressures from the Middle East war broadened, data showed on Wednesday, adding to the case for further interest "rate hikes by the…...