Wall Street Week Ahead: U.S. consumer price data to test feared stagflation scenario
By David Randall NEW YORK (Reuters) – Fears of stagflation are percolating on Wall Street, as investors await data that could shed light on whether …
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TenneT sale talks slow as Germany, Netherlands differ on price, offshore
By Toby Sterling, Christoph Steitz and Markus Wacket AMSTERDAM/BERLIN (Reuters) – Talks on a planned sale of Dutch state-owned electricity grid operator TenneT’s German unit …
Vietnam raises retail electricity price by 3%
HANOI (Reuters) – Vietnam on Thursday raised its average retail electricity price by 3%, the government said, in a move that could put upward pressure …
US rate futures price in Fed pause in June, July; see September cut
NEW YORK (Reuters) – U.S. interest rate futures on Wednesday have priced in a pause in Federal Reserve tightening at the June and July policy …
Airbnb to allow guests to pay in four parts, brings in more price transparency
By Doyinsola Oladipo NEW YORK (Reuters) – Airbnb Inc will allow guests to break their payments into installments and see the nightly price inclusive of …
France’s Le Maire wants to break food price inflation “spiral” by autumn
PARIS (Reuters) – Finance Minister Bruno Le Maire said on Wednesday that he would meet with retailers and suppliers next week to discuss ways to …
‘Pay The Price’: Dems Hear List Of Their Party’s Threats Against Conservative SCOTUS Justices At Ethics Hearing
‘Pay The Price’: Dems Hear List Of Their Party’s Threats Against Conservative SCOTUS Justices At Ethics Hearing Katelynn Richardson on May 2, 2023 Republicans highlighted …
German finance minister rejects industrial power price plan -Handelsblatt
BERLIN (Reuters) – German Finance Minister Christian Lindner on Tuesday rejected a plan by Economy Minister Robert Habeck to introduce an industrial electricity price. Such …
French government minister: expects food price inflation to ease off by September
PARIS (Reuters) – Food price inflation in France – which has been a major concern for consumers – should ease off by September, said government …
Colgate-Palmolive raises annual organic sales forecast on price hikes
(Reuters) – Colgate-Palmolive Co raised its full-year organic sales forecast on Friday, betting on consistent price hikes and steady demand for its pet nutrition products. …
Stellantis’ Tavares: no intention of starting a price war with Tesla
PARIS (Reuters) – Car maker Stellantis has no intention of starting a price war with Tesla, its CEO Carlos Tavares said on Thursday. If the …
BYD lowers starting price for Seagull electric hatchback
SHANGHAI (Reuters) – Chinese electric car maker BYD has set the starting price for its Seagull hatchback at 73,800 yuan ($10,658.89), about 6.3% lower than …
Hungary’s price caps, windfall taxes dent morale among German firms -survey
BUDAPEST (Reuters) – Price caps to curb surging inflation and windfall taxes imposed by Hungary’s government have hurt sentiment among German firms in the country, …
UK’s Pret hikes price of coffee subscription service, offers food discount
LONDON (Reuters) – British sandwich and coffee chain Pret A Manger has raised the price of its monthly coffee subscription service by 20% to 30 …
Apple supplier Corning rides on price hikes to beat profit estimates
(Reuters) – Specialty glass maker Corning Inc beat profit estimates for the first quarter on Tuesday as price hikes more than made up for higher …
ECB’s Villeroy: Food price inflation to start easing in H2
PARIS (Reuters) – Food price inflation will start easing in the second half of this year, French ECB policymaker Francois Villeroy de Galhau said on …
GM, Ford strive to convince investors: no price war with Tesla
By Joseph White DETROIT (Reuters) – Detroit automakers General Motors Co and Ford Motor Co will try to convince Wall Street when they release first-quarter …
Musk’s price cuts show challenge for Tesla’s product strategy -Ford CEO
DETROIT (Reuters) – Electric car giant Tesla’s decision to cut prices to drive up sales volume reflects the pressure it faces from competition and an …
Value of Russian exports falls 35% in Q1 as oil price cap bites -central bank
MOSCOW (Reuters) – The value of Russia’s exports fell 35% year-on-year in the first quarter of 2023, due in part to a Western price cap …
Marketmind: Oil price relapse
A look at the day ahead in U.S. and global markets from Mike Dolan Throwing another curve ball into an already confusing inflation picture, crude …
Investors warn big consumer firms over price hikes as competitors gain
By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Consumer goods companies like P&G, Unilever and Nestle should start easing price increases as supply …
Average price of new Tokyo apartment passes 100 million yen for first time
TOKYO (Reuters) – The average sales price for newly-built apartment units in Japan’s metropolitan Tokyo area jumped to 143.6 million yen ($1.07 million) in March, …
US warns companies over Russian oil price cap evasion via ESPO pipeline
By Timothy Gardner and Moira Warburton WASHINGTON (Reuters) – The U.S. Treasury published a warning to U.S. companies on Monday of possible evasions of the …
German wholesale price index up 2% year-on-year in March
(Reuters) – Germany’s wholesale price index rose in March compared with the same month last year, according to data released on Friday. Wholesale prices increased …
New vehicle prices fall below sticker price after nearly two years – Kelley Blue Book
(Reuters) – New vehicles’ average transaction price fell below the manufacturer’s suggested retail price (MSRP) for the first time in 20 months, according to data …
Corona beer maker Constellation sees 2024 profit above estimates on price hikes
(Reuters) – Constellation Brands Inc forecast full-year profit above Wall Street estimates on Thursday, benefiting from price increases aimed at combating elevated costs and strong …
Colombia’s peso to stay weak on central bank pause signs, mismatch vs oil price – Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Colombia’s peso will likely stay weak on signs the central bank is turning to a wait-and-see approach on …
Explainer-Oil price surge changes ECB narrative only at the margins
FRANKFURT (Reuters) – An oil production target cut announced by some of the world’s top exporters is bad news for the European Central Bank as …
Tesla’s price war: cheaper cars expected to drive record sales
By Hyunjoo Jin and Akash Sriram SAN FRANCISCO (Reuters) – Tesla Inc investors are waiting to see how much Elon Musk’s price cuts will pay …
Nestle sees price pressures easing -chairman tells newspaper
ZURICH (Reuters) – Nestle is seeing an easing of price pressures stemming from raw materials, transport and packaging costs, said Chairman Paul Bulcke, adding that …
Instant View: US Feb PCE price index shows inflation keeps cooling
NEW YORK (Reuters) – U.S. consumer spending rose moderately in February, likely payback after surging the prior month, and while inflation showed signs of cooling …
Exclusive-Chinese lithium producers set price floor as demand evaporates -sources
By Siyi Liu and Dominique Patton BEIJING (Reuters) -China’s top lithium producers agreed this week to set a floor price of 250,000 yuan ($36,380) per …
NY Fed finds broad retreat in Americans’ expected pace of home price increases
By Michael S. Derby NEW YORK (Reuters) – Americans’ expectations for home price increases over the next year moderated sharply in a new report on …
US annual house price growth slows further in January
WASHINGTON (Reuters) – U.S. single-family home prices moderated further on an annual basis in January, which together with declining mortgage rates could pull buyers back …
Food prices push UK shop price inflation to new high: BRC
LONDON (Reuters) – Soaring food prices pushed annual inflation in British shops to its highest in at least 18 years in March, industry data showed …
Chinese lithium price dives in heated auto price war
By Siyi Liu and Dominique Patton BEIJING (Reuters) – China’s lithium prices are plunging faster than expected this year, down 34% in the last four …
Russia’s monthly producer price index rises for first time in 10 months
MOSCOW (Reuters) – Costs in Russia’s manufacturing sector rose in February for the first time in 10 months, data from the state statistics service Rosstat …
UK factory price expectations fall to lowest since March 2021 – CBI
LONDON (Reuters) – A gauge of British manufacturers’ inflation expectations fell to its lowest in two years after output slid again in the three months …
Sri Lanka’s national consumer price inflation at 53.6% in Feb
(Reuters) – Sri Lanka’s National Consumer Price Index (NCPI) rose 53.6% in February on the year, after a rise of 53.2% in January, the statistics …
Factbox-Goldman Sachs lowers oil price forecasts for 2023, 2024
(Reuters) – Goldman Sachs lowered its crude price forecast for this year and 2024, citing a recent slump in oil prices due to banking stress, …
Staggering Price Tag, Logistical Hurdles Make Biden’s Climate Agenda A ‘Fool’s Errand,’ Report Says
Staggering Price Tag, Logistical Hurdles Make Biden’s Climate Agenda A ‘Fool’s Errand,’ Report Says John Hugh DeMastri on March 17, 2023 It would cost nearly …
Nokian Tyres says sale of its Russia business could come at lower price
HELSINKI (Reuters) – Nokian Tyres said on Tuesday it had been informed that Russia’s Governmental Commission on Monitoring Foreign Investment has approved the Finnish group’s …
Barclays cuts 2023 oil price forecasts on resilient Russian output
(Reuters) – Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than expected, and said the …
Taking Fed’s lead, UK investors fully price in BoE hike in March
LONDON (Reuters) – British investors on Wednesday fully priced in a 0.25 percentage point increase in Bank of England interest rates at its March meeting, …
U.S. State Dept spokesperson Price to step down after two years
By Simon Lewis WASHINGTON (Reuters) – U.S. State Department spokesperson Ned Price will step down this month after more than two years and take up …
Kremlin says it does not recognise Western price cap on its oil
(Reuters) – The Kremlin said on Tuesday that it did not recognise the price cap introduced by Western countries on its oil exports, after the …
EV maker Polestar’s Q4 loss narrows, won’t engage in price wars
By Marie Mannes (Reuters) – Electric vehicle (EV) maker Polestar on Thursday posted a smaller quarterly loss, maintained its 2023 production outlook and said it …
Modest Australia house price correction unfazed by rising rate expectations: Reuters Poll
By Vivek Mishra and Devayani Sathyan BENGALURU (Reuters) – Expectations for a 16% fall in Australian home prices from their peak have held steady despite …
U.S. house price inflation cools further in December
WASHINGTON (Reuters) – U.S. single-family home prices in December increased at their slowest pace since the summer of 2020, surveys showed on Tuesday, but tight …
Yellen says U.S. inflation fight ‘not a straight line’ after price rise data
By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Saturday that new U.S. data showing inflation jumped unexpectedly in January …