High interest rates to hold back gold’s rally: Reuters poll
By Kavya Guduru (Reuters) – Analysts and traders have significantly raised their predictions for gold prices but expect high interest rates to keep a lid on rallies, a Reuters poll…
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By Kavya Guduru (Reuters) – Analysts and traders have significantly raised their predictions for gold prices but expect high interest rates to keep a lid on rallies, a Reuters poll…
By Stella Qiu SYDNEY (Reuters) – Australia’s house prices extended declines for the ninth straight month in January amid high mortgage rates, a drag on household wealth that will further…
By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s central bank recommended on Tuesday that retail investors convert their foreign currency Eurobonds into local “replacement bonds” as 5.7 trillion roubles ($81 billion)…
BERLIN (Reuters) – The European Union does not want to wage a subsidy war against the United States over its Inflation Reduction Act, EU Commissioner Paolo Gentiloni said in Berlin…
By Maya Gebeily CHTAURA, Lebanon (Reuters) – The money exchange shop in Lebanon’s Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shouted out various rates as customers…
By Gergely Szakacs and Anna Wlodarczak-Semczuk BUDAPEST/WARSAW (Reuters) – Even as hopes grow that central European economies can avoid all-out stagflation, the region’s central bankers have their eyes on two…
MOSCOW (Reuters) -Russia’s labour market, budget and balance of payments will exert inflationary pressures in 2023, the central bank said on Tuesday, while the rouble’s December weakening may also feed…
By Antonella Cinelli and Valentina Consiglio ROME (Reuters) – Marta Pizza, a 26-year-old swimming instructor, has worked at a Rome sports centre for the last two years earning 8.50 euros…
ANKARA (Reuters) – Turkey’s government is expecting some 100 billion lira ($5.32 billion) in payment as part of a restructuring of public debt worth 1 trillion lira under a draft…
(Reuters) – Phillips 66 on Tuesday became the latest refiner to post bumper quarterly profit, as higher fuel demand boosted margins. The Houston, Texas-based refiner’s earnings stood at $1.9 billion,…
(Reuters) – U.S. homebuilder PulteGroup Inc on Tuesday beat Wall Street estimates for quarterly profit on the back of higher house prices in a tightening market. Higher prices have helped…
(Reuters) – From a failed merchandising strategy to activist investor pressure over exaggerated payments to executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the…
By Jessica DiNapoli and Mike Spector NEW YORK (Reuters) -Bed Bath & Beyond Inc is preparing to seek bankruptcy protection as soon as this week, and has lined up liquidators…
By Joe Cash BEIJING (Reuters) -China’s economic activity swung back to growth in January, after a wave of COVID-19 infections passed through the country faster than expected following abandonment of…
By Victoria Klesty OSLO (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an…
By Tim Hepher PARIS (Reuters) – Airbus and Boeing have set the stage for the next chapter in their titanic rivalry by remodelling two of the world’s largest buildings –…
By David Milliken LONDON (Reuters) -More companies suffered insolvency last year in England and Wales than any time since 2009, government figures showed on Tuesday, reflecting the end of coronavirus…
By Stefania Spezzati LONDON (Reuters) -JPMorgan Chase & Co. is working with KPMG to improve how the U.S. bank supervises its traders, sources with knowledge of the review told Reuters,…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve officials believe their effort to shrink the U.S. central bank’s bond holdings is far from done, pushing back against some…
A look at the day ahead in U.S. and global markets from Mike Dolan There’s an uncomfortable feeling in markets this week that good news may be bad news once…
By Ariba Shahid and Mohi Narayan KARACHI (Reuters) – Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating payments for imports due…
By Sergio Goncalves and Andrei Khalip LISBON (Reuters) -Portugal’s economy grew 6.7% in 2022, its strongest rate in 35 years, boosted by domestic demand and booming tourism, but inflation hampered…
By Maria Martinez and Rachel More BERLIN (Reuters) -German retail sales unexpectedly fell in December as a Christmas shopping period weighed down by high inflation and the energy crisis revived…
JAKARTA (Reuters) – Indonesia’s economy likely grew within a range of 5.2% to 5.3% in 2022, and a slight deceleration is expected this year due to slowing global growth, its…
By Andy Bruce LONDON (Reuters) -Three years after its departure from the European Union, Britain is yet to benefit from the Brexit dividend that was promised for its economy as…