ISLAMABAD (Reuters) – Pakistan’s annual inflation rate rose to 37.97% in May, the statistics bureau said on Thursday, setting a national record for the second month in a row, adding …
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By Balazs Koranyi FRANKFURT (Reuters) -Euro zone inflation eased more than expected last month as underlying price growth also slowed, fuelling a debate about the need for further European Central …
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Column-Beware conflating ‘de-dollarisation’ with weaker dollar: Mike Dolan
by Reutersby ReutersBy Mike Dolan LONDON (Reuters) – Even if the U.S. dollar’s singular dominance as global currency of choice is in fact ebbing, it may not automatically lead to a weaker …
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Religious Employees Win $100,000 In Settlement Over Influenza Vaccine Mandate
Religious Employees Win $100,000 In Settlement Over Influenza Vaccine Mandate Kate Anderson on May 31, 2023 The U.S. Equal Employment Opportunity Commission (EEOC) announced Wednesday that a New Jersey medical …
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UK has bigger inflation problem than US or euro zone – BoE’s Mann
by Reutersby ReutersBy David Milliken LONDON (Reuters) – Britain has a bigger inflation problem than the United States or the euro zone, with both large headline price rises and growing signs of …
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By Davide Barbuscia and Tom Sims NEW YORK (Reuters) – BlackRock Inc Chief Executive Laurence Fink said on Wednesday that inflation remained sticky and the Federal Reserve may need to …
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Bank of England to take Bank Rate to 5.00% next quarter as inflation proves sticky: Reuters poll
by Reutersby ReutersBy Jonathan Cable LONDON (Reuters) – The Bank of England will be far more aggressive in policy tightening than previously thought as it battles to contain stubbornly-high inflation running at …
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By Maria Martinez BERLIN (Reuters) -Germany on Wednesday joined a list of major euro zone economies reporting a bigger than expected drop in inflation, suggesting that price growth may be …
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Fed’s Bowman says housing market rebound could impact inflation fight
by Reutersby ReutersWASHINGTON (Reuters) – An apparent rebound in the residential housing market could impact the Federal Reserve’s inflation fight, with home prices “leveling out” even as the U.S. central bank awaits …
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LISBON (Reuters) – Portuguese consumer prices rose 4.0% year-on-year in May in a significant slowdown from a 5.7% increase the previous month, also slipping slightly on a monthly basis, flash …
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By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s key inflation rate eased to 25.2% in May from 35.3% in April, the statistics department said on Wednesday, reducing some stress on …
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Bank of France’s Villeroy: Inflation may be past its peak in France
by Reutersby ReutersBy Mathieu Rosemain PARIS (Reuters) – Inflation may be past its peak in France, Bank of France Governor Francois Villeroy de Galhau said on Wednesday, after official data showed inflation …
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Exclusive-Credit Suisse axes China bank plan to avoid regulatory conflict under UBS-sources
by Reutersby ReutersBy Engen Tham, Summer Zhen and Selena Li HONG KONG/SHANGHAI (Reuters) -Credit Suisse has scrapped plans to set up a locally incorporated bank in China to sidestep a potential regulatory …
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PARIS (Reuters) – French inflation cooled more than expected in May to its lowest level in a year as energy and food price increases moderated, according to preliminary official data …
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Australia’s central bank reaffirms inflation fight, warns of pain ahead
by Reutersby ReutersBy Stella Qiu SYDNEY (Reuters) -Australia’s central bank will do whatever it takes to bring inflation under control, its governor said on Wednesday, warning households to brace for the pain …
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By Stella Qiu SYDNEY (Reuters) – Australian consumer prices rose by more than expected in April on a jump in fuel prices and strong gains in housing, suggesting sticky inflation …
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(Reuters) – HP Inc missed Wall Street targets for second-quarter revenue on Tuesday as inflation-hit customers spent less on the company’s personal computers, sending its shares down nearly 3% in …
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UK business confidence dips in May, inflation pressures persist: Lloyds
by Reutersby ReutersBy Suban Abdulla LONDON (Reuters) – Sentiment among British businesses fell for the first time in three months in May as firms were less optimistic about the economy and their …
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Colombia’s central bank could end rate hikes if inflation slows more -board chief
by Reutersby ReutersBOGOTA (Reuters) – Colombia’s central bank could call time on its upward monetary cycle after inflation in Latin America’s fourth-largest economy slowed in May, bank board chief Leonardo Villar said …
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By David Milliken LONDON (Reuters) – Britain’s highest inflation in four decades failed to boost company profits last year, with the exception of oil and gas extractors who benefited from …
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Rising U.S. labor costs are doing little to drive up inflation, researchers from the Federal Reserve Bank of San Francisco said on Tuesday, a finding that may undercut the argument …
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Russian central bank warns higher rates may be needed to bring inflation to target
by Reutersby ReutersMOSCOW (Reuters) – Russia’s central bank issued a hawkish signal on Tuesday, just over a week before it is next due to set interest rates, warning that pro-inflationary risks of …
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By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy …
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By Andy Bruce LONDON (Reuters) – British shop price inflation picked up this month to reach its highest rate since industry records began in 2005, although growth in food prices …
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IMF says U.S. should tighten fiscal policy to help cut persistent inflation
by Reutersby ReutersBy David Lawder DETROIT (Reuters) -The International Monetary Fund said on Friday U.S. interest rates will likely need to remain higher for longer to tame inflation, and Washington needs to …