Fed can stop hiking rates if economy slows at current pace, Rosengren says
By Lisa Pauline Mattackal (Reuters) – The Federal Reserve can end its interest rate hiking cycle if the labor market and economic growth continue to slow at the current gradual pace, the…
Fed’s Logan supports slower rate hike pace, possibly higher stopping point
By Ann Saphir (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Wednesday laid out a case for slowing the pace of the U.S. central bank’s interest-rate hikes so as to…
ECB will keep raising rates ‘significantly’ at sustained pace, De Cos says
By Jesús Aguado MADRID (Reuters) -The European Central Bank expects to continue raising interest rates “significantly” at future meetings, at a sustained pace, to ensure that inflation returns to the 2% target…
ECB’s Villeroy sees rate hikes at a ‘pragmatic pace’ in coming months
PARIS (Reuters) – Interest rate hikes by the European Central Bank will need to come at a “pragmatic pace” in the coming months, French ECB policymaker Francois Villeroy de Galhau said on…
Fed’s Evans sees slower rate hike pace, “slightly higher” peak rate
By Bianca Flowers (Reuters) – The Federal Reserve will likely need to raise borrowing costs to a “slightly higher” peak than envisioned in forecasts from September, Chicago Federal Reserve Bank President Charles…
Lebanon’s economy still contracting but at slower pace, World Bank says
BEIRUT (Reuters) – Lebanon’s economy, hit by one of the world’s most severe crises, continues to contract although the pace of that contraction has somewhat slowed, the World Bank said in a…
Taiwan October export orders likely contracted again, but at slower pace- Reuters poll
TAIPEI (Reuters) – Taiwan’s export orders likely contracted again in October as global demand for technology cools though at a slower rate than the previous month, a Reuters poll showed on Friday.…
Brazilian farmers planting soybeans at faster pace, consultancies say
SAO PAULO (Reuters) – Brazilian farmers are sowing soybeans at a faster pace this season, according to estimates from two agribusiness consultancies on Monday. They cited significant advances in the state of…
German dependence on China growing ‘at tremendous pace’, research shows
By Klaus Lauer BERLIN (Reuters) – The German economy became more dependent on China in the first half of 2022, with direct investment and its trade deficit reaching new heights, despite political…
Egyptian non-oil sector continues contraction, at slower pace – PMI
CAIRO – Egypt’s non-oil private sector activity shrank again in July, but at a slower pace than June’s two-year low, as demand remains weakened by inflation and shortages continue to put pressure…
China July services activity expands at quickest pace in 15 months – Caixin PMI
BEIJING – China’s services activity grew at the fastest rate in 15 months in July as easing COVID curbs boosted consumer confidence, but foreign demand fell and companies cut staff for the…
Canadian factory activity grows at slowest pace in two years
By Fergal Smith TORONTO – Canadian manufacturing activity lost further momentum in July as production and new orders declined for the first time since the early stages of the coronavirus pandemic, data…
UK house prices rise at slowest pace in a year, Nationwide says
LONDON – British house prices rose in July at the slowest monthly pace in a year and the market is likely to slow further as the cost-of-living squeeze tightens and the Bank…
UK factory output, orders shrink at fastest pace since 2020-PMI
LONDON – British manufacturing output and new orders declined in July at the fastest rate since May 2020, as factories across Europe struggled with rising costs and slowing demand, a survey showed…
Portugal’s July inflation rise at fastest pace since Nov 1992
(Reuters) – Portuguese consumer prices jumped 9.1% year-on-year in July, the fastest pace since November 1992, up from 8.7% in June, flash data from the National Statistics Institute (INE) showed on Friday.…
China’s factory activity seen expanding at fastest pace in a year
BEIJING – China’s factory activity likely expanded at the fastest pace in a year in July, a Reuters poll showed on Friday, as production in COVID-hit manufacturing hubs resumed after emerging from…
HKMA chief says expects overnight interbank rate to rise at much faster pace
HONG KONG – Hong Kong Monetary Authority (HKMA) chief Eddie Yue said on Thursday he expects the city’s overnight and one-month interbank rate to continue to rise, but at a much faster…
N.Korea’s economy shrinks for two straight years but pace of slowdown eases -S.Korea central bank
By Soo-hyang Choi SEOUL – North Korea’s economy shrank in 2021 for a second straight year after suffering its biggest contraction in more than two decades the previous year amid U.N. sanctions…
South Africa business activity expands at faster pace in June -PMI
(Reuters) – South African private sector activity expanded at a faster rate in June, helped by growth in demand and employment, a survey showed on Tuesday. The S&P Global South Africa Purchasing…
Spanish factory activity grows in June at slowest pace in 17 months -PMI
MADRID – Factory activity in Spain grew in June at the slowest pace since January 2021 as a challenging economic environment, notably price increases, weighed on demand, a survey showed on Friday.…
Cargill’s Brazil unit stores corn outside silo as harvesting gathers pace
By Ana Mano SAO PAULO – At least one unit of U.S. grain trader Cargill in Brazil’s Mato Grosso state is storing corn in open air outside silos, according to images posted…
FirstEnergy On Pace to Exceed Pollinator Habitat Development Goal
Through pilot program, company is working to create 225 pollinator-friendly acres by 2025 AKRON, Ohio, June 17, 2022 — FirstEnergy Corp. (NYSE: FE) is on track to exceed its goal of developing 225…
Canada home price index growth slows pace in May – Teranet
OTTAWA – The pace of Canadian home price growth slowed in May, edging off April’s record high, but prices still rose both on the month and on the year, index data showed…
BoE to raise rates 25 bps in June, stick to slow pace in coming months: Reuters Poll
(Reuters) – The Bank of England will raise interest rates in June by a modest 25 basis points and stick to those increments in coming meetings despite inflation running close to double-digits,…
Fed hikes won’t sway dollar unless pace much faster than forecast-BOJ’s Kuroda
TOKYO – Bank of Japan Governor Haruhiko Kuroda said dollar moves may not be affected much by U.S. interest rate hikes unless the pace is much faster than expected, according to a…
Polish central bank expected to keep up pace of policy tightening – Reuters poll
By Alan Charlish WARSAW – Poland’s central bank is expected to raise its main interest rate by 75 basis points to 6.00% on Wednesday, a Reuters poll showed, as it faces surging…
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