(Reuters) – Manufacturers in the U.S. Northeast grew more optimistic about the near-term business outlook this month even as current conditions remained mixed across the region. Monthly surveys of goods producers from the Federal Reserve banks of Philadelphia and New York on Thursday both showed the six-month outlook at 15-month highs. Manufacturers in both districts,…
OTTAWA (Reuters) – Canadian housing starts fell 23% in May compared with the previous month as groundbreaking decreased on multiple unit and single-family detached urban homes, data from the national housing agency showed on Thursday. The seasonally adjusted annualized rate of housing starts fell to 202,494 units from a marginally revised 261,357 units in April,…
By Cristina Amann INGOLSTADT, Germany (Reuters) -Audi has to speed up development of new models to meet a surge in demand for electric vehicles, especially in China, the German luxury carmaker’s CEO said in an interview with Reuters published on Thursday. “We are in the process of reviewing our entire development process,” Markus Duesmann said….
LONDON (Reuters) – Inflation is easing but major central banks remain hawkish, with a long-awaited pause from the U.S. Federal Reserve this week coming with a warning by the world’s most influential interest rate setter that the tightening cycle may not be over yet. Meanwhile, the European Central Bank on Thursday hiked rates by 25…
FRANKFURT, June 15 (Reuters) – The European Central Bank raised its key interest by 25 basis points on Thursday to 3.5% and left the door open to more hikes, extending its fight against high inflation even as the euro zone economy flags. Following are highlights of ECB President Christine Lagarde’s comments at a news conference…
LONDON (Reuters) -The European Central Bank raised interest rates for the eighth successive time, as expected, on Thursday and signalled further policy tightening, as it battles high inflation. The central bank for the 20 countries that share the euro also said it expected inflation to stay above its 2% target through 2025 and hinted once…
WASHINGTON (Reuters) – U.S. import prices fell in May and the annual decrease in prices was the sharpest in three years, providing another boost for the Federal Reserve in the fight against inflation. Import prices dropped 0.6% last month as the costs of energy products and food declined after increasing 0.3% in April, the Labor…
By Mayela Armas, Corina Pons and Rodrigo Campos CARACAS/MADRID/NEW YORK (Reuters) – Small funds and investors outside the United States are looking to increase their exposure to Venezuelan bonds, on the expectation of debt renegotiations or of legal action tied to a looming expiry of repayment rights, investors and four financial sector sources said. Many…
By Saeed Azhar, Lananh Nguyen and Tatiana Bautzer NEW YORK (Reuters) – Goldman Sachs Group Inc’s managing directors were invited to meetings this month to receive an ominous message: take even more painful steps to cut costs, according to four sources familiar with the situation. Belt-tightening on the agenda for meetings of Goldman’s top executives…
By David Lawder MANDEVILLE, Jamaica (Reuters) -World Bank President Ajay Banga wants to focus on improving the development lender so that he can earn the right to press member countries for more capital, as the new chief looks to expand its role in fighting climate change, pandemics and other crises. Banga said in an interview…
