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May 24, 2022

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Sri Lanka increases fuel prices to address economic crisis

Reuters
COLOMBO, May 24 (Reuters) – Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in the short term. Power and Energy Minister Kanchana Wijesekera said in a......

Indonesia policy uncertainty hampers resumption of palm oil exports

Reuters
Trucks with palm oil fresh fruit bunches are parked in a queue at a palm oil factory in Siak regency, Riau province, Indonesia, April 26, 2022. Picture taken with a drone April 26, 2022. REUTERS/Willy Kurniawan Register now for FREE unlimited access to Reuters.com Register JAKARTA, May 23 (Reuters) –......

Governments need to take urgent action to combat inequality, Oxfam says

Reuters
LONDON, May 23 (Reuters) – Governments need to take urgent action to tackle rising inequality which emerged over the COVID-19 crisis with a surge in energy and food prices ramping up pressures on millions of people around the world, Oxfam said on Monday. The report, released by the Nairobi-based charity......

Exclusive: India considering spending additional $26 billion to fight inflation

Reuters
Customers buy vegetables at a market in Ahmedabad, India, September 29, 2015. REUTERS/Amit Dave/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, May 22 (Reuters) – The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion......

Australia’s Labor opposition poised to oust ruling conservatives

Reuters
Survey on election day showed Labor narrowly ahead PM Morrison, opposition leader Albanese vote in Sydney “Teal” independents set to win at least a handful of seats Greens projected to add up to three seats to existing one SYDNEY, May 21 (Reuters) – Australia’s opposition Labor Party appeared on track......

G7 agree on $18.4 bln to keep Ukraine running, ready with more

Reuters
G7 agree $18.4 bln financing for Ukraine KOENIGSWINTER, Germany, May 19 (Reuters) – The Group of Seven’s financial leaders agreed on Thursday on $18.4 billion to help Ukraine pay its bills in coming months and said they were ready to stand by Kyiv throughout its war with Russia and do......

U.S. weekly jobless claims rise; continuing claims lowest since 1969

Reuters
Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Weekly jobless claims increase 21,000 to 218,000 Continuing claims drop 25,000 to 1.317......

Euro rises with focus on ECB tightening path, Swiss Franc rises

Reuters
Euro rises, focus on rate hike bets Dollar takes a breather after recent gains Swiss Franc at multi-week highs after SNB hawkish turn Graphic: World FX rates May 19 (Reuters) – The euro rose on Thursday as investors priced in the chance of an aggressive near-term tightening path by the......

Investors jolted as U.S. retailers show inflation hitting consumers

Reuters
NEW YORK, May 19 (Reuters) – The evidence of red-hot inflation seeping into the economy is sending a chill through investors after major U.S. retailers showed people are cutting back on buying bigger ticket items as they just try and get by. Investors wiped almost 25% off Target (TGT.N) shares......

Indian shares slump as inflation, economic slowdown fears linger

Reuters
A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 19 (Reuters) – Indian shares dropped 2% on Thursday, weighed down by a broader market......

Wells Fargo sees end-of-year U.S. recession, cuts GDP view

Reuters
A person pushes a shopping cart in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Wells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S. recession......

EXCLUSIVE About 300,000 tonnes of wheat bought by Egypt stranded in Ukraine -trade

Reuters
Ears of wheat are seen in a field near the village of Zhovtneve, Ukraine, July 14, 2016. REUTERS/Valentyn Ogirenko/ Register now for FREE unlimited access to Reuters.com Register CAIRO, May 17 (Reuters) – About 300,000 tonnes of Ukrainian wheat booked by Egypt’s state grains buyer for delivery in February and......

Gold attempts rebound as dollar backs off highs

Reuters
Gold up after hitting lowest since Jan. 31 on Monday SPDR Gold Trust holdings extend slide to lowest since March Dollar slips further from last week’s two-decade high Silver up for third straight session May 17 (Reuters) – Gold rose on Tuesday as a retreat in the dollar helped bullion......

U.N. warns of ‘catastrophic’ child malnutrition due to price hikes, Ukraine war

Reuters
A UNICEF logo is pictured outside their offices in Geneva, Switzerland, January 30, 2017. Picture taken January 30, 2017. REUTERS/Denis Balibouse/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 17 (Reuters) – The cost of life-saving treatment for the most severely malnourished children is set to......

ECB to hike deposit rate 25 bps in July, ditch negative rates by end-Sept: Reuters poll

Reuters
European Central Bank (ECB) headquarters building is seen in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 17 (Reuters) – The European Central Bank is expected to raise the deposit rate for the first time in over a decade in......

Indian shares follow broader Asia higher; Ambuja Cements, ACC up

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 16 (Reuters) – Indian shares inched higher on Monday as broader Asia tried to hold onto small......

Gold up from 3-month lows as U.S. bond yields weaken

Reuters
Sales persons wait for customers at a gold jewelry showroom in Chandigarh, India, November 9, 2016. REUTERS/Ajay Verma Register now for FREE unlimited access to Reuters.com Register Dollar starts week just off recent 20-year high against peers Momentum clearly favours further downside in gold – analyst Gold prices touched lowest......

Germany’s conservatives on track to win key state vote

Reuters
Conservatives win 35% of votes – exit poll SPD at 27.5% of votes – exit poll Greens to become kingmaker for SPD or CDU Job security and transition from coal in focus BERLIN, May 15 (Reuters) – Germany’s conservative CDU party was on track to win a regional election in......

Saudi April consumer price index up 2.3%-govt data

Reuters
A policeman wearing a protective face mask blcoks the road during a curfew imposed to prevent the spread of the coronavirus disease (COVID-19), in the holy city of Mecca, Saudi Arabia April 2, 2020. REUTERS/Yasser Bakhsh Register now for FREE unlimited access to Reuters.com Register DUBAI, May 15 (Reuters) –......

ECB policymaker says rates will rise ‘very soon’

Reuters
The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski/File Photo Register now for FREE unlimited access to Reuters.com Register FRANKFURT, May 14 (Reuters) – The European Central Bank (ECB) will likely decide at its next meeting to end its stimulus programme in July, and raise......

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