Economy 13 September 2023, 1:35 pm 1 minute Reuters scored two major victories in its reporting this week of the European Central Bank’s cliff-hanger interest rate meeting. First, on the eve of the meeting, it exclusively reported that the ECB would revise upwards its inflation forecasts, acknowledging that inflation would remain above 3% next year …
Continue reading “ECB’s crucial 2024 projection to put inflation above 3%”
Business & FinanceEconomy 25 July 2023, 6:36 pm 1 minute Reuters exclusively reported that the Czech central bank will begin debating lowering interest rates as soon as this autumn as it expects inflation to drop sharply particularly at the beginning of next year. Market Impact With inflation on a downward path across central Europe, markets …
Continue reading “Czech central bank’s Frait expects rate cut debate this autumn”
Economy 06 June 2023, 8:23 pm 1 minute Reuters exclusively reported that Canada’s energy infrastructure company TC Energy was planning to cut jobs, just a week after Suncor Energy unveiled plans to lay off 1,500 jobs. A spokesperson for TC Energy told Reuters that the company was downsizing to optimize its business. TC shares rose …
Economy 24 April 2023, 2:50 pm 1 minute Reuters exclusively reported that members of China’s “interest rate self-regulatory mechanism,” mostly banks, met this month and were urged to reduce deposit rates as a way to guide the country’s savings into spending and more productive investments. Market Impact Household savings surged 9.9 trillion yuan for the …
Continue reading “China guides banks to further cut deposit rates”
Business & FinanceEconomyGovernmentTechnology 24 April 2023, 2:57 pm 1 minute Reuters exclusively revealed that the European Commission has updated draft patent rules to make it easier for patent holders to sue companies over royalty disputes in hopes that the move will end costly legal spats over patents essential to key technologies for telecoms equipment, mobile …
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31 March 2023, 3:14 pm 1 minute Reuters exclusively reported that China’s top lithium producers agreed this week to set a floor price of 250,000 yuan ($36,380) per tonne of lithium carbonate in an effort to slow a plunge in the price of the battery raw material. Market Impact Spot prices dropped to 220,000 yuan …
Continue reading “Chinese lithium producers set price floor as demand evaporates”
04 April 2023, 2:22 pm 1 minute Reuters was the first to reveal that India’s milk product imports are rising and the country is planning to allow duty-free imports. Milk prices in the world’s biggest producer have risen at their fastest rate in a decade, reaching a record high due to lumpy skin disease in …
Continue reading “India’s milk imports soar as disease hits local cattle stock”
Economy 06 April 2023, 3:45 pm 1 minute In a recent poll, Reuters learned economists believe the Bank of Canada will keep its key interest rate steady at 4.5% through the end of the year. Market Impact Markets still expect more than 50 basis points of cuts, pricing fueled by fears last month over stresses …
Continue reading “Reuters Poll: Bank of Canada will stay put this year, rate cuts unlikely”
Economy 13 April 2023, 3:30 pm 1 minute Sources exclusively shared that French utility EDF (EDF.PA) has warned drawn-out strikes at its nuclear reactors and hydro-electricity plants have cost it 1 billion euros ($1.10 billion) in lost output and that it is reviewing hiring plans for the year. Market Impact The financial hit will complicate …
Continue reading “EDF warns of 1 billion euro loss due to French strikes, reviews hiring”
Business & FinanceEconomy 13 April 2023, 4:00 pm 1 minute Reuters exclusively reported that European Central Bank policymakers are converging on a 25 basis point interest rate hike in May, even if other options remain on the table and the debate is not yet settled. Market Impact The ECB has raised rates by at least …
Continue reading “ECB policymakers converging on 25-bps rate hike in May”
