(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 demand for its high-end beer …
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Colombia’s peso to stay weak on central bank pause signs, mismatch vs oil price – Reuters poll
by Reutersby ReutersBy 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 interest rates, combined with downside …
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Explainer-Oil price surge changes ECB narrative only at the margins
by Reutersby ReutersFRANKFURT (Reuters) – An oil production target cut announced by some of the world’s top exporters is bad news for the European Central Bank as it tries to bring down …
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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 off: the electric vehicle (EV) …
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ZURICH (Reuters) – Nestle is seeing an easing of price pressures stemming from raw materials, transport and packaging costs, said Chairman Paul Bulcke, adding that company would still increase prices. …
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Instant View: US Feb PCE price index shows inflation keeps cooling
by Reutersby ReutersNEW YORK (Reuters) – U.S. consumer spending rose moderately in February, likely payback after surging the prior month, and while inflation showed signs of cooling it remained elevated, which could …
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Exclusive-Chinese lithium producers set price floor as demand evaporates -sources
by Reutersby ReutersBy 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 tonne of lithium carbonate, six …
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NY Fed finds broad retreat in Americans’ expected pace of home price increases
by Reutersby ReutersBy Michael S. Derby NEW YORK (Reuters) – Americans’ expectations for home price increases over the next year moderated sharply in a new report on the outlook for the housing …
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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 into the housing market. The …
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LONDON (Reuters) – Soaring food prices pushed annual inflation in British shops to its highest in at least 18 years in March, industry data showed on Tuesday. The British Retail …
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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 weeks alone, hit by a …
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Russia’s monthly producer price index rises for first time in 10 months
by Reutersby ReutersMOSCOW (Reuters) – Costs in Russia’s manufacturing sector rose in February for the first time in 10 months, data from the state statistics service Rosstat showed on Wednesday, driven by …
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UK factory price expectations fall to lowest since March 2021 – CBI
by Reutersby ReutersLONDON (Reuters) – A gauge of British manufacturers’ inflation expectations fell to its lowest in two years after output slid again in the three months to March, the Confederation of …
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(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 department of the debt-stricken country …
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(Reuters) – Goldman Sachs lowered its crude price forecast for this year and 2024, citing a recent slump in oil prices due to banking stress, recession fears, and an exodus …
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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 $50 trillion and require a …
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Nokian Tyres says sale of its Russia business could come at lower price
by Reutersby ReutersHELSINKI (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 sale of its Russian operations …
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Barclays cuts 2023 oil price forecasts on resilient Russian output
by Reutersby Reuters(Reuters) – Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than expected, and said the market could flip into a …
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Taking Fed’s lead, UK investors fully price in BoE hike in March
by Reutersby ReutersLONDON (Reuters) – British investors on Wednesday fully priced in a 0.25 percentage point increase in Bank of England interest rates at its March meeting, after the U.S. Federal Reserve …
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U.S. State Dept spokesperson Price to step down after two years
by Reutersby ReutersBy Simon Lewis WASHINGTON (Reuters) – U.S. State Department spokesperson Ned Price will step down this month after more than two years and take up a new position reporting to …
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(Reuters) – The Kremlin said on Tuesday that it did not recognise the price cap introduced by Western countries on its oil exports, after the United States said that the …
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By Marie Mannes (Reuters) – Electric vehicle (EV) maker Polestar on Thursday posted a smaller quarterly loss, maintained its 2023 production outlook and said it would not engage in price …
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Modest Australia house price correction unfazed by rising rate expectations: Reuters Poll
by Reutersby ReutersBy Vivek Mishra and Devayani Sathyan BENGALURU (Reuters) – Expectations for a 16% fall in Australian home prices from their peak have held steady despite growing expectations over the past …
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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 supply could limit an anticipated …
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Yellen says U.S. inflation fight ‘not a straight line’ after price rise data
by Reutersby ReutersBy 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 signals that the fight against …