By Shilpa Jamkhandikar, Aditya Kalra and Munsif Vengattil MUMBAI (Reuters) – The video streaming business of Mukesh Ambani, Asia’s richest person, is likely to focus on pricing and local content following a deal with Warner Bros as it seeks to challenge the likes of Disney and Netflix in India, industry sources said. Under the content…
By Vladimir Soldatkin, Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s central bank held its key interest rate at 7.5% on Friday, keeping the need for rate hikes on the table over lingering inflationary risks and flagging demand-side factors that could threaten its goal of returning inflation to target. Governor Elvira Nabiullina said the…
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to maintain policy stability and keep its key interest rate at a more than two-decade high of 7.00% on Wednesday, a Reuters poll showed, with expectations still leaning toward a cut in the third quarter. All 12 analysts in the poll published…
By Maria Martinez BERLIN (Reuters) -German consumer prices in April posted their smallest increase since the start of the war in Ukraine, as energy prices eased further and food prices began to fall. Consumer prices, harmonised to compare with other European Union countries, rose by 7.6% on the year in April, preliminary data from the…
By Elizabeth Howcroft LONDON (Reuters) – Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company’s head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Mastercard has already partnered with crypto exchanges including Binance, Nexo and Gemini…
NEW YORK (Reuters) – U.S. consumer spending was unchanged in March, while underlying inflation pressures remained strong, data from the Commerce Department showed Friday, which could see the Federal Reserve raising interest rates again next month. Though inflation remains elevated, it is gradually slowing. The personal consumption expenditures (PCE) price index gained 0.1% in March…
By Gabriella Borter and Sharon Bernstein (Reuters) – State legislatures are wrestling with how much to restrict or expand abortion access after the U.S. Supreme Court overturned Roe v. Wade last year. Here is a snapshot of pending and passed legislation seeking to restrict or protect access in 2023, including details on a law that…
WASHINGTON (Reuters) – U.S. consumer spending was unchanged in March, while underlying inflation pressures remained strong, which could see the Federal Reserve raising interest rates again next month. The unchanged reading in consumer spending last month, reported by the Commerce Department on Friday, followed a downwardly revised 0.1% gain in February. Consumer spending, which accounts…
(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate on Friday firmed up bets the U.S. central bank will raise its benchmark rate a final time in May after the government reported core inflation rose 4.6% in March from a year earlier. U.S. short-term interest rate futures were down slightly after the…
NEW DELHI (Reuters) – India’s infrastructure output expanded 3.6% year-on-year in March, its slowest pace in five months, in part dragged by a contraction in electricity and cement output, government data showed on Friday. The country’s infrastructure output last grew at a slower pace, of 0.1% year-on-year, in October 2022. Infrastructure output—which comprises eight sectors,…
