MCE

Fed policymakers embrace more rate hikes, markets a little less

Fed policymakers embrace more rate hikes, markets a little less

June 24 (Reuters) – A pair of US central bankers said on Friday they supported further sharp interest rate hikes to stem rapid price rises, even as investors cheered economic data showing inflation expectations to be less worrisome than initially feared. Last week, the Federal Reserve raised its benchmark overnight interest rate by three-quarters of …

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Column: Quadruple real rates? Ageing may turn to market headwind

People queue for food in the financial district of Canary Wharf in London, Britain, May 18, 2022. REUTERS/Kevin Coombs Register now for FREE unlimited access to Reuters.com Register LONDON, June 24 (Reuters) – If you were hoping this was all a bad dream, take a deep breath. Many investors craving some return to “normal” from …

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U.S. weighs lifting summer smog rules to lower gasoline prices

U.S. weighs lifting summer smog rules to lower gasoline prices

WASHINGTON, June 23 (Reuters) – US Energy Secretary Jennifer Granholm expressed an interest in potentially lifting smog-fighting gasoline regulations and backed off a plan to ban fuel exports during an emergency meeting on Thursday with top refiners, two sources familiar with the talks said. The two sides entered the meeting with a promise to work …

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Germany triggers gas alarm stage, accuses Russia of 'economic attack'

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke//File Photo Register now for FREE unlimited access to Reuters.com Register West, Russia in energy standoff since Ukraine invasion German minister warns of ‘rocky road’ ahead Minister does not rule out gas rationing Says …

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U.S. refiners to urge White House not to ban fuel exports -sources

U.S. refiners to urge White House not to ban fuel exports -sources

Cargo shipping containers are seen in a storage yard surrounded by petroleum storage tanks and oil refineries in Carson, California, US, March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan Register now for FREE unlimited access to Reuters.com Register June 22 (Reuters) – US refiners will try to convince …

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U.S. stocks end down slightly after early boost from Powell; oil falls

U.S. stocks end down slightly after early boost from Powell; oil falls

US stocks end down; MSCI global stock index also lower Powell says committed to bringing down inflation Dollar slips NEW YORK, June 22 (Reuters) – Major US stock indexes ended down slightly Wednesday, losingearly gains tied to notes by Federal Reserve Chair Jerome Powell that the US central bank is “strongly committed” to bringing down …

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Philippines steps up inflation fight with food tariff cuts

Malaysia to disburse nearly $400 mln to aid households over food prices

KUALA LUMPUR, June 22 (Reuters) – Malaysia will distribute a total of 1.74 billion ringgit ($395.19 million) in cash aid to low-income households from this month to help them cope with rising living and food costs, the prime minister said on Wednesday . The country may also increase subsides for cooking oil from the planned …

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Column: Upside down world of ‘reverse currency wars’ is real

Euro, Hong Kong dollar, US dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, in Beijing, China, January 21, 2016. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com Register LONDON, June 22 (Reuters) – An upside down world of “reverse currency wars” is seeping into the real …

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Bulgarian government faces no-confidence vote and political turmoil

Bulgarian government faces no-confidence vote and political turmoil

Bulgarian Prime Minister Kiril Petkov speaks during an interview with Reuters in Sofia, Bulgaria, March 7, 2022. REUTERS/Spasiyana Sergieva Register now for FREE unlimited access to Reuters.com Register SOFIA, June 22 (Reuters) – A no-confidence vote on Wednesday threatens to topple Bulgaria’s government and Prime Minister Kiril Petkov, who pledged to tackle corruption and took …

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