NEW YORK (Reuters) – U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the second quarter, and inflation picked up, which could see the …
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Strong US consumer spending, inflation readings put Fed in tough spot
by Reutersby ReutersBy Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the second quarter, and inflation picked up, which could …
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Russia’s Medvedev: Ukraine conflict may last for decades, no talks with Zelenskiy
by Reutersby ReutersBy Guy Faulconbridge MOSCOW (Reuters) -A senior ally of President Vladimir Putin said on Friday the conflict in Ukraine could last for decades and that negotiations with Ukraine were impossible …
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(Reuters) – U.S. money market funds saw big inflows in the week to May 24 as investors favored safer bets ahead of a deadline for politicians to agree an increase …
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Explainer – Why does the UK have such a painful inflation problem?
by Reutersby ReutersBy William Schomberg and Andy Bruce LONDON (Reuters) – British inflation fell in April but by less than expected and it remains above the rate of price growth in the …
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Global money market funds attract heavy inflows as US debt ceiling looms
by Reutersby Reuters(Reuters) – Global money market funds drew inflows for a fifth straight week in the seven days to May 24 as investors resorted to buying safer assets on caution with …
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DUBROVNIK, Croatia (Reuters) – Falling energy prices will lower underlying inflation in the euro zone and rapid wage growth is not putting undue pressure on prices, European Central Bank Chief …
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By William Schomberg LONDON (Reuters) -British consumers picked up the pace of their spending last month and sales volumes over the three months to April grew by the most since …
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Inflation in Tokyo slows in May, but key gauge hits four-decade high
by Reutersby ReutersBy Takahiko Wada and Leika Kihara TOKYO (Reuters) -Core consumer inflation in Japan’s capital slowed in May, but a key index stripping away the effect of fuel hit a four-decade …
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Low growth, high inflation are top risks for India, say economists: Reuters poll
by Reutersby ReutersBy Vivek Mishra and Shaloo Shrivastava BENGALURU (Reuters) – India’s economy will grow about 6% this fiscal year with a small increase in private investment, according to a Reuters poll …
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Brazil cenbank chief says new fiscal bill good sign for inflation
by Reutersby ReutersBRASILIA (Reuters) -Brazilian central bank chief Roberto Campos Neto said on Thursday that a fiscal framework bill approved a day earlier by the country’s lower house has had a positive …
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AT&T’s DirecTV signs deal to offer NFL Sunday Ticket games to bars and casinos
by Reutersby Reuters(Reuters) – AT&T Inc’s DirecTV on Thursday announced a multi-year deal to broadcast the Sunday Ticket package of National Football League (NFL) games for commercial locations including bars, restaurants and …
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Bank of England’s Haskel says policy should lean against sticky inflation
by Reutersby ReutersBy David Milliken LONDON (Reuters) -The Bank of England needs to push back against the risk that high inflation proves unexpectedly sticky, and may need to raise interest rates further, …
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China Hacked Critical Networks To Spy On US Ahead Of Potential Conflict, Officials Say
China Hacked Critical Networks To Spy On US Ahead Of Potential Conflict, Officials Say Micaela Burrow on May 25, 2023 A shadowy Chinese government-backed hacking group attacked critical U.S. networks, …
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Brazil inflation hits 2-1/2 year low; cenbank pressured to lower rates
by Reutersby ReutersSAO PAULO (Reuters) – Inflation in Brazil continued to slow down in early May, data from statistics agency IBGE showed on Thursday, in a move that surprised markets and is …
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South Africa lifts interest rates to 14-year high to fight inflation
by Reutersby ReutersBy Anait Miridzhanian, Bhargav Acharya and Kopano Gumbi PRETORIA (Reuters) -South Africa’s central bank raised its main interest rate on Thursday to a 14-year high, a move Governor Lesetja Kganyago …
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BERLIN (Reuters) – The German economy was in recession in early 2023 after household spending in Europe’s economic engine finally succumbed to the pressure of high inflation. Gross domestic product …
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By Bhanvi Satija and Raghav Mahobe (Reuters) -Medtronic Plc on Thursday forecast annual profit below Wall Street estimates, as a strong U.S. dollar and persistently high costs of raw goods …
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Italy probing China’s possible growing influence on Pirelli -sources
by Reutersby ReutersBy Giuseppe Fonte and Giulio Piovaccari MILAN (Reuters) – The Italian government, which is assessing tyre maker Pirelli’s new shareholder agreement, is concerned about plans to allow top shareholder China’s …
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By Navya Mittal and Echha Jain (Reuters) -Australia’s Treasury Wine Estates warned on Thursday that inflation was squeezing demand for its commercial-grade wine and driving up packaging costs, sending its …
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SEOUL (Reuters) – South Korea’s producer prices rose in April at the slowest pace in 27 months, as agricultural and utility prices fell, central bank data showed on Thursday. The …
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By Lawrence White and Koh Gui Qing LONDON/NEW YORK (Reuters) -World stocks dropped on Wednesday as U.S. debt ceiling talks dragged on without resolution, stoking a general malaise in markets …
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Fed’s Waller: inverted yield curve may signal belief in falling inflation
by Reutersby Reuters(Reuters) – Federal Reserve Governor Christopher Waller on Wednesday said that while inverted yield curves in the context of stable inflation often point to a bad economic outlook, the current …
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Bank of England’s Bailey sweats over risk of ‘sticky’ summer for inflation
by Reutersby ReutersBy William Schomberg and David Milliken LONDON (Reuters) -Bank of England Governor Andrew Bailey said he was concerned about the risk of “sticky and stubborn” inflation over the summer after …
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(Reuters) -Consumer prices in Mexico fell more than expected in the first half of May, driving annual inflation to its lowest in 20 months, according to the first figures released …