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UK finance minister says will prioritise “help for most vulnerable” as inflation rises
LONDON (Reuters) – British finance minister Jeremy Hunt said on Wednesday that the government will prioritise help for the most vulnerable as latest data showed …
BHP quarterly iron ore production rises on lower COVID-19 impacts
(Reuters) -BHP Group said on Wednesday its quarterly iron ore output rose, aided by better performance from its Western Australian assets and a continued ramp-up …
BoC to dial down size of rate rises again but not done yet – Reuters poll
By Indradip Ghosh (Reuters) – The Bank of Canada will raise its overnight rate by 50 basis points on Oct. 26, a smaller amount than …
U.S. manufacturing output rises more than expected in September
(Reuters) – Production at U.S. factories rose in September led by output gains in both durable and nondurable goods, indicating the manufacturing sector remains on …
Iran’s prison fire death toll rises to eight -judiciary
DUBAI (Reuters) -Eight prisoners died as a result of a fire at Tehran’s Evin prison over the weekend, Iran’s judiciary said on Monday, doubling the …
Saudi inflation rises to 3.1% in Sept on higher food prices
DUBAI (Reuters) – Saudi Arabia’s inflation rose to 3.1% in September, driven mainly by higher food prices, rents, and the rising cost of utilities, the …
BoE’s Mann highlights case for front-loading rate rises
LONDON (Reuters) – Bank of England policymaker Catherine Mann said on Wednesday there was a strong case to front-load interest rate increases, especially at times …
Turkish factory output rises 1% yr-on-yr in August
ISTANBUL (Reuters) – Turkish industrial production expanded 1% year-on-year in August, data showed on Wednesday, extending its rise for a 26th consecutive month against a …
Dozens missing after Venezuela floods, death toll rises
By Mircely Guanipa LAS TEJERIAS, Venezuela (Reuters) -Hundreds of Venezuelans roamed the streets of Las Tejerias on Tuesday, digging and searching for missing relatives amid …
Greek industrial output rises 3.9% y/y in August
ATHENS (Reuters) – Greek industrial output rose 3.9% in August compared to the same month a year earlier after a downwardly revised 6.5% increase in …
Spain’s August industrial output rises 5.5% vs 5.4% in July
(Reuters) – Spain’s seasonally and calendar-adjusted industrial output rose 5.5% year-on-year in August, official data from the country’s National Statistics Institute (INE) showed on Thursday. …
U.S. dollar share of global FX reserves rises in Q2; euro share slips -IMF data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the second quarter, …
German unemployment rises in September as Ukrainian refugees enter system
BERLIN (Reuters) – German unemployment rose in September, Labour Office figures showed on Friday, as Ukrainian refugees continue to enter the system. The Federal Labour …
Colombia 12-month inflation to hit 11.25% in September, bring more rate rises
By Nelson Bocanegra BOGOTA (Reuters) – Inflation in Colombia will have risen once again in September, sending full-year expectations for 2022 and 2023 upward and …
South Africa FDI inflows drop in Q2, household debt rises
JOHANNESBURG (Reuters) – South Africa’s foreign direct investment (FDI) inflows dropped in the second quarter of 2022, while household debt levels rose and consumption expenditure …
Death toll rises to 13 in Russian school shooting – TASS
(Reuters) – At least 13 people have died in a school shooting in the Russian city of Izhevsk, the TASS news agency quoted Russia’s Investigative …
Euro zone likely entering recession as price rises hit demand -PMI
By Jonathan Cable LONDON (Reuters) – A downturn in business activity across the euro zone deepened in September, according to a survey which showed the …
Vietnam plans cuts in fuel taxes as inflation rises
HANOI (Reuters) – Vietnam’s finance ministry on Friday said it is proposing to the legislature cutting the special consumption tax and value-added tax on fuels …
U.S. small business sentiment rises in August- NFIB
WASHINGTON (Reuters) – U.S. small-business confidence improved in August as worries about inflation subsided and demand for workers remained strong despite the uncertainty shrouding the …
Spain’s July industrial output rises 5.3% vs 7% in June
(Reuters) – Spain’s seasonally and calendar-adjusted industrial output rose 5.3% year-on-year in July compared to an increase of 7% in June, official data from the …
Spain’s July industrial output rises 5.3% vs 7% in June
(Reuters) – Spain’s seasonally and calendar-adjusted industrial output rose 5.3% year-on-year in July compared to an increase of 7% in June, official data from the …
California power grid threatened by record heat wave as wildfire risk rises
By Sharon Bernstein SACRAMENTO, Calif. (Reuters) – Record heat scorched parts of California on Tuesday, as power operators urged residents to cut back usage in …
Rate hikes unlikely to dent housing demand in India, Bengaluru to lead price rises – Reuters poll
By Arsh Tushar Mogre BENGALURU (Reuters) – The buoyant outlook for India’s housing market has barely changed in the last three months despite the Reserve …
S.Korea revised Q2 GDP rises 0.7% q/q, in line with earlier estimate
SEOUL (Reuters) – South Korea’s economy grew in the second quarter by a seasonally adjusted 0.7% from the previous quarter, revised central bank data showed …
U.S. oil output rises 1.7% June to highest since April 2020 -EIA
By Stephanie Kelly NEW YORK (Reuters) -U.S. crude oil production rose in June by 1.7% to its highest since April 2020, according to a monthly …
Violence against women in Mexico rises to over 70%, study finds
MEXICO CITY (Reuters) – Violence against women and girls in Mexico has increased over the last five years, the statistics office said in a survey …
U.S. consumer confidence rises more than expected in August
WASHINGTON (Reuters) – U.S. consumer confidence rebounded more than expected in August after three straight monthly declines, with vacation intentions rising to an eight-month high, …
Biden approval rises to 41%, highest since early June, Reuters/Ipsos finds
By Jason Lange WASHINGTON (Reuters) – U.S. President Joe Biden’s public approval rating rose this week to its highest level since early June, following a …
U.S. business borrowing for equipment rises 2% in July – ELFA
(Reuters) – U.S. companies borrowed 2% more in July to finance their investments in equipment compared with a year earlier, the Equipment Leasing and Finance …
Colombia interest rate rises close to their end – policymaker
By Nelson Bocanegra BOGOTA (Reuters) – An expected slowing of Colombia’s economic growth and more gradual rise in inflation suggest a lesser need for interest …
Philadelphia Fed manufacturing index unexpectedly rises in August
(Reuters) – A gauge of factory activity in the U.S. Mid-Atlantic region unexpectedly accelerated in August to the briskest pace since April and firms reported …
Egypt’s central bank seen hiking rates to dampen price rises – Reuters poll
CAIRO – The Central Bank of Egypt (CBE) will hike its overnight deposit rate by 50 basis points (bps) on Thursday as it works to …
Nigeria’s annual inflation rises to highest level since 2005
By Chijioke Ohuocha ABUJA – Nigeria’s annual inflation quickened in July to its highest level since 2005, official data showed on Monday, driven by price …
Demand for FX derivatives jumps as central banks prep rate rises- CME Group
LONDON – Demand for currency derivatives has shot up this year, data from CME Group showed on Wednesday, in a sign investors are positioning for …
Biden approval rises to 40%, highest in two months, Reuters/Ipsos shows
By Jason Lange WASHINGTON – U.S. President Joe Biden’s public approval rose this week to its highest level since early June following a string of …
CK Hutchison H1 profit rises 4.3%, aims for solid H2 performance
HONG KONG – CK Hutchison, the ports-to-telecoms arm of retired billionaire Li Ka-shing, said on Thursday its net profit in the first six months rose …
Canadian dollar rises as U.S. data tempers recession fears
By Fergal Smith TORONTO – The Canadian dollar strengthened against the greenback on Wednesday as worries about a possible recession eased following encouraging economic data …
Pakistan’s annual inflation rises to 14-year high at 24.9% in July
By Asif Shahzad ISLAMABAD – Pakistan’s annual consumer price inflation reached 24.9% in July, up from 21.3% in June and the highest in 14 years, …
Bitcoin rises 3.4% to $24,584; up 39.7% from year low in June
(Reuters) – Bitcoin rose 3.36% to $24,584.24 at 1707 GMT on Saturday, adding $798.93 to its previous close. Bitcoin, the world’s biggest, best-known cryptocurrency, is …
German unemployment rises in July as Ukrainian refugees look for work
BERLIN – German unemployment rose more than expected in July, Labour Office figures showed on Friday, as Ukrainian refugees looking for work in Germany are …
Colombia’s next finance minister says rate rises have limited impact on inflation
BOGOTA – Interest rate hikes have a limited capacity to rein in accelerating inflation because supply issues are one of the key drivers of consumer …
Bitcoin rises 6.9% to $22,717
(Reuters) – Bitcoin rose 6.85% to $22,717.05 at 22:05 GMT on Wednesday, adding $1,457.27 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, …
Brazil’s public debt rises 2.5% in June, interest rates keep soaring
BRASILIA -Brazil’s federal public debt grew 2.51% in June from the month before, and the average cost of domestic debt issuance kept soaring amid greater …
Euro zone business activity contracted in July as price rises bite – PMI
LONDON – Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing and a near-stalling of service sector growth as …
Thai industrial mood rises for first time in 3 months
BANGKOK – Thailand’s industrial sentiment picked up for the first time in three months in June thanks to an easing of COVID-19 restrictions and improved …
Australia’s central bank sees more rate rises, welcomes government review
By Wayne Cole SYDNEY – Australia’s top central banker on Wednesday indicated a steady drum beat of interest rate rises were needed to stop a …
China June industrial output rises 3.9%, retail sales up 3.1%
BEIJING – China’s industrial output grew 3.9% in June from a year earlier, quickening from a 0.7% rise in May, official data showed on Friday, …
Experian first-quarter revenue rises on robust credit demand
(Reuters) -Experian reported higher first-quarter total revenue on Thursday, as the world’s largest credit data firm benefited from a robust demand in demand and supply …
Biden approval rating rises modestly from record low – Reuters/Ipsos poll
By Jason Lange WASHINGTON – U.S. President Joe Biden’s public approval rating rose three percentage points this week to 39%, rebounding from a week earlier …