By David Milliken LONDON (Reuters) -Bank of England policymaker Swati Dhingra said there are “promising signals” for a further decline in British inflation, based largely on a steep fall in the rate of increase in prices which manufacturers charge to retailers. Dhingra is one of two members of the BoE’s nine-member Monetary Policy Committee (MPC)…
By Elisa Anzolin MILAN (Reuters) – Shares in Italian yacht-maker Ferretti reversed course on Tuesday, as it began its listing on the Milan bourse, allowing its main Chinese investor to cut its stake and new European investors to buy in. Floated in Hong Kong last year, Ferretti priced its offer for the listing in Milan…
BERLIN (Reuters) – Volkswagen’s head of its business in China said on Tuesday that the carmaker needed clarity on cross-border data transfers in a meeting with the country’s Premier Li Qiang, asking how China would cooperate with Europe amid rising political tensions. “As a globalized industry, the transformation of the automotive sector highly depends on…
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation has entered a new phase which could linger for some time, European Central Bank President Christine Lagarde said on Tuesday, outlining a lengthy fight against price growth that must dampen demand and force firms to curb prices. The ECB has raised rates at each…
A look at the day ahead in U.S. and global markets from Mike Dolan Flagging world markets got a lift on Tuesday as China moved to shore up the falling yuan from the year’s lows and nodded to more government stimulus to underpin its spluttering economic recovery instead. With falling Chinese interest rates diverging markedly…
By Raul Cortes and Daniel Ramos LA PAZ (Reuters) – Bolivia’s “economic miracle,” a boom in the 2000s and 2010s that saw years of state spending lift millions of people into the middle class, is creaking, a warning sign to the wider region battling high inflation, shrinking government coffers and tepid growth. For years the…
KUALA LUMPUR (Reuters) – Malaysia’s central bank said on Tuesday it will intervene in the foreign exchange market to stabilise the ringgit currency, citing what it called “excessive” recent losses. The ringgit is trading near a seven-month low and has lost close to 6% of its value against the U.S. dollar this year, declining more…
By Foo Yun Chee and Tassilo Hummel BRUSSELS (Reuters) -Orange and MasMovil’s planned merger of their Spanish operations may reduce competition and push up prices, EU antitrust regulators warned on Tuesday, indicating the telecoms operators may need to offer significant remedies to get the deal approved. Orange, the second largest telecoms provider in Spain, and…
By Kevin Yao TIANJIN, China (Reuters) -Chinese Premier Li Qiang on Tuesday said China will take steps to boost demand, invigorate markets, promote development while accelerating the green transition and opening “high level” parts of its economy to the outside world. Addressing a World Economic Forum summit in Tianjin, Li did not elaborate on China’s…
(Reuters) – The European Central Bank wants lenders to speed up their exit from Russia given the increased reputational, legal and financial risk of doing business there, supervisory chief Andrea Enria said on Tuesday. Though Europe’s top supervisor has for months said he hoped European financial bodies would cut ties with their Russian assets, the…
