News
Fed's Williams: Inflation still too high, rate policy "well positioned' to lower price pressures
6+ hour, 56+ min ago (459+ words) June 25 (Reuters) " Federal Reserve Bank of New York President John Williams said on Thursday that while inflation pressures are likely to moderate this year they remain too high, as he pushed back his expectation of "getting inflation back to the…...
A close call: Bof A Global Research drops Bo E rate hike forecast on easing inflation
12+ hour, 2+ min ago (266+ words) June 25 (Reuters) " Bof A Global Research on Thursday dropped its forecast for the Bank of England to hike rates this year, terming it "a "close call" driven by lower energy prices, "easing inflation pressures and a softer economic backdrop. The…...
Exclusive-Japan government will urge BOJ to support private demand, draft blueprint shows
1+ day, 1+ hour ago (495+ words) By Takaya Yamaguchi and Leika Kihara TOKYO, June 25 (Reuters) " Japan's government will call for monetary policy that bolsters private demand, a draft of its long-term economic blueprint seen by Reuters showed, signalling its preference for the central bank to keep…...
First Quantum's shuttered mine passes audit, as Panama weighs restart
6+ day, 7+ hour ago (283+ words) PANAMA CITY, June 19 (Reuters) " A government-commissioned audit of First Quantum Minerals" shuttered Cobre Panama mine found the project broadly compliant with its environmental, legal and operational obligations, "handing the company a potential boost on Friday as Panama "weighs whether to…...
Michigan's unemployment rate inches up in May, still higher than the national rate
1+ week, 8+ hour ago (142+ words) WTVB Michigan's unemployment rate inches up in May, still higher than the national rate LANAING, MI (WKZO AM/FM) " Michigan's seasonally adjusted unemployment rate edged up by one-tenth of a percentage point to 5. 1 percent during May, according to data released…...
UK inflation unexpectedly holds at 13-month low before Bo E rates decision | WTVB | 1590 AM " 95. 5 FM | The Voice of Branch County
1+ week, 1+ day ago (477+ words) By David Milliken and Suban Abdulla LONDON, June 17 (Reuters) " British inflation unexpectedly held at 2. 8% for May, unchanged from the 13-month low reached in April, official figures showed on Wednesday, a day before the Bank of England will announce its next…...
Factbox-How Brexit is estimated to have hit the UK economy
1+ week, 1+ day ago (508+ words) LONDON, June 17 (Reuters) " Britain's economy has seen weak growth overall since it left the European Union at the start of 2020, though disentangling the effects of Brexit from the COVID-19 pandemic which hit Europe weeks later has been hard for "analysts....
Trump's Iran war weighs on G7 economies, but don't expect hard talk in France
1+ week, 1+ day ago (794+ words) WASHINGTON, June 17 (Reuters) " Rising inflation and a 30% jump in oil prices are dampening global growth, but leaders of the world's top economies are unlikely to blame U. S. President Donald Trump for the war-driven slowdown when they meet in France to discuss…...
French central bank cuts economic growth outlook as energy prices bite
1+ week, 2+ day ago (319+ words) PARIS, June 16 (Reuters) " France's economy is growing more slowly than expected after a sluggish start to the year with the Middle East conflict weighing on activity, the "central bank said on Tuesday, warning the outlook was "hostage to geopolitical developments....
World Bank approves guarantee-backed financing package for Argentina
1+ week, 2+ day 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,…...