By Jonathan Cable LONDON (Reuters) – A downturn in business activity across the euro zone deepened in September, according to a survey which showed the economy was likely entering a …
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- US and World News
EU eyes oil price cap, more high-tech export curbs in new Russia sanctions -sources
by Reutersby ReutersBy Gabriela Baczynska and John Chalmers BRUSSELS (Reuters) -The European Union is looking at an oil price cap, tighter curbs on high-tech exports to Russia and more sanctions against individuals, …
- US and World News
Rising rates, price slump deal double blow to Hong Kong homeowners
by Reutersby ReutersBy Clare Jim HONG KONG (Reuters) – When Stephanie Cheung bought a small, two-bedroom apartment for HK$7.7 million ($981,041) as an investment in April 2021, she booked a 6% gain …
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Russian mobilization hikes urgency of oil price cap -Ukrainian presidential advisor
by Reutersby ReutersBy Sarah Marsh BERLIN (Reuters) – Russia’s first mobilization since World War Two makes more urgent the need for a cap on Russian oil prices to cut off the “blood …
- US and World News
Japan govt will spend $24 billion in budget reserves to cope with price hikes
by Reutersby ReutersTOKYO (Reuters) – Japan will spend 3.48 trillion yen ($24.31 billion) in budget reserves to cope with ongoing price hikes and respond to COVID-19, the Ministry of Finance said on …
- US and World News
Hungary extends energy and food price caps amid soaring inflation
by Reutersby ReutersBUDAPEST (Reuters) -Hungary has extended price caps on fuels and basic foodstuff by three months until the end of the year in a bid to shield households from soaring costs, …
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PARIS (Reuters) -The European Central Bank’s action may weigh on growth but price stability is the main priority, President Christine Lagarde said on Friday at an event with French high …
- Financial News
SAP plans 3.3% price increase as inflation takes toll – Handelsblatt
by Reutersby ReutersBERLIN (Reuters) – SAP will increase its prices from the turn of the year due to high inflation, the Handelsblatt business daily reported on Monday, citing a letter from the …
- Financial News
U.S. Treasury Russian oil price cap guidance gives safe harbor to maritime service firms
by Reutersby ReutersBy David Lawder and Andrea Shalal WASHINGTON (Reuters) – The U.S. Treasury on Friday issued new guidance on a proposed Western price cap on Russian oil exports, saying that maritime …
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Russia warns the West: energy price cap will be your undoing
by Reutersby ReutersBy Guy Faulconbridge and Felix Light LONDON (Reuters) -Russia warned the West on Friday that plans to try to cap the price of Russia’s oil and gas exports in retaliation …
- Financial News
Euro zone to coordinate with ECB to fight inflation, avoid adding price pressure
by Reutersby ReutersPRAGUE (Reuters) – Euro zone finance ministers will coordinate policies with the European Central Bank to bring down inflation while making sure their actions do not add to inflationary pressures, …
- Financial News
Norway did not discuss price cap on its gas to EU -prime minister
by Reutersby ReutersOSLO (Reuters) – Norway’s prime minister and the head of the European Commission did not discuss setting a price cap for Norwegian gas sold to the EU during talks on …
- Financial News
Carrefour unveils 30 euro shopping basket in Spain after government price cut proposal
by Reutersby ReutersMADRID (Reuters) – Supermarket chain Carrefour will sell Spanish consumers a basket of 30 basic goods for 30 euros, the company said on Wednesday, days after Spain announced it was …
- Financial News
U.S. Treasury seeking simple Russian oil price cap compliance regime -Adeyemo
by Reutersby ReutersBy Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -The U.S. Treasury is seeking to design a simple compliance regime for enforcing a price cap on Russian oil exports and …
- Financial News
U.S. service sector keeps momentum in August; price pressures ease – ISM survey
by Reutersby Reuters(Reuters) – The U.S. services industry picked up again in August for the second straight month amid stronger order growth and employment, while supply bottlenecks and price pressures eased, reinforcing …
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PARIS (Reuters) – The share price of EDF on Tuesday crossed the 12 euros price set by the French government to buy out the French energy giant, as speculation grows …
- Financial News
Russia will respond to oil price caps by shipping more to Asia – energy minister
by Reutersby ReutersVLADIVOSTOK, Russia (Reuters) -Russia will respond to price caps on Russian oil by shipping more supply to Asia, its energy minister Nikolai Shulginov told reporters at the Eastern Economic Forum …
- Financial News
Indonesia govt expects 2022 inflation at 6.6% to 6.8% after fuel price hike
by Reutersby ReutersJAKARTA (Reuters) – Indonesia’s inflation rate for 2022 is seen at a range of 6.6% to 6.8% following a 30% increase in subsidised fuel prices over the weekend, a finance …
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Rate hikes unlikely to dent housing demand in India, Bengaluru to lead price rises – Reuters poll
by Reutersby ReutersBy Arsh Tushar Mogre BENGALURU (Reuters) – The buoyant outlook for India’s housing market has barely changed in the last three months despite the Reserve Bank of India embarking on …
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BERLIN (Reuters) – The Group of Seven (G7) finance ministers plan to implement a price cap on Russian-origin crude oil and petroleum products, they confirmed in a joint statement on …
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MURNAU, Germany (Reuters) – Europe needs to impose a price cap on Russian pipeline gas, EU Commission chief Ursula von der Leyen said on Friday, to foil what she said …
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PARIS (Reuters) – The United Nations food agency’s world price index fell for a fifth month in a row in August, further from all-time highs hit earlier this year, as …
- Financial News
U.S. manufacturing sector steady in August; price pressures ease further – ISM
by Reutersby ReutersWASHINGTON(Reuters) – U.S. manufacturing grew steadily in August as employment and new orders rebounded, while a further easing in price pressures strengthened expectations that inflation has likely peaked. The Institute …
- Financial News
Indonesia inflation eases in Aug, but pressure seen from fuel price hike
by Reutersby ReutersBy Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s inflation rate eased more than expected in August, official data showed on Thursday, but economists said the rate is set …
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BUDAPEST (Reuters) – Price caps in Hungary will have to be phased out as they are more expensive to maintain as high prices become permanent, Minister for Economic Development Marton …