Turkey’s monthly inflation at 4.84% in June, slight decline in annual reading: Reuters poll
By Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s monthly inflation was seen at 4.84% in June, partly due to the lira’s…
Economy
Factbox-Sri Lanka’s domestic debt rework targets IMF goals, economic recovery
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka will announce a reworking of its domestic debt later this week to meet…
Germany set to raise minimum wage by more than 3%, unions want more
BERLIN (Reuters) – Germany was set to raise its minimum wage by 3.4% to 12.41 euros ($13.53) an hour from…
Mexico’s Ebrard pursues presidential prize as unifier in polarized times
By Dave Graham MEXICO CITY (Reuters) – Urbane, socially progressive and eager to put Mexico on the world stage, Marcelo…
Pakistan central bank raises main interest rate by 100 bps to 22%
Karachi, PAKISTAN (Reuters) -Pakistan’s central bank raised its benchmark interest rate by 100 basis points to 22% at an emergency…
Siemens Energy share sell-off deepens, takes market value loss to $8 billion
By Christoph Steitz FRANKFURT (Reuters) -Siemens Energy shares fell for a second consecutive session on Monday, hit by a raft…
Explainer-Turkey keeps Sweden waiting on NATO membership as key summit nears
STOCKHOLM (Reuters) – Sweden’s path to NATO membership remains blocked by Turkey and Hungary ahead of a July summit in…
S&P cuts China GDP forecast as calls for stimulus intensify
BEIJING (Reuters) -S&P Global cut its forecast for China’s economic growth this year, underscoring the uneven nature of the country’s…
Nordson Corp to buy ARAG Group in $1 billion deal
(Reuters) – Nordson Corporation said on Monday it will buy Italy’s ARAG Group and its subsidiaries in an all-cash deal…
India’s cenbank may cut rates in early 2024 as inflation eases – S&P
MUMBAI (Reuters) – The Reserve Bank of India will likely start cutting the policy repo rate in early 2024 once…