By Kavya Guduru (Reuters) – Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a barrel this year, a Reuters poll showed on Wednesday. A survey of 43 economists and analysts forecast Brent crude would average $84.73 a barrel…
By Pablo Mayo Cerqueiro LONDON (Reuters) – WE Soda, the world’s largest producer of natural soda ash, is looking to raise at least $800 million for its parent Ciner Group in an initial public offering (IPO), its chief strategy officer told Reuters, in a show of confidence in London’s capital markets. The ultimate size of…
LISBON (Reuters) – Portuguese consumer prices rose 4.0% year-on-year in May in a significant slowdown from a 5.7% increase the previous month, also slipping slightly on a monthly basis, flash data released by the National Statistics Institute (INE) showed on Wednesday. Core inflation, which strips out volatile food and energy prices, clocked 5.5% year-on-year, down…
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s central bank raised its key rate by a quarter point on Wednesday, saying core inflation remained elevated but it is ready to normalise policy depending on the economic outlook. With headline inflation already back in the central bank’s target range, some analysts suggested the widely expected…
WARSAW (Reuters) – Poland’s top court postponed on Wednesday a crucial hearing on the constitutionality of reforms designed to unblock European Union funds due to an insufficient number of judges, the latest hurdle for Warsaw to get the cash. Polish President Andrzej Duda in February asked the Constitutional Tribunal to rule on the constitutionality of…
By Maria Martinez BERLIN (Reuters) -German unemployment rose less than expected in May, showing resilience in the labour market despite difficult economic conditions, labour office figures showed on Wednesday. The Federal Labour Office said the number of people out of work increased by 9,000 in seasonally adjusted terms to 2.573 million. Analysts polled by Reuters…
A look at the day ahead in U.S. and global markets from Mike Dolan With the U.S. debt ceiling saga nearly over, the state of the global economy hoves back into view – with contrasting interest rate pictures that saw the dollar climb across the board. A deepening contraction of Chinese factory activity this month…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s key inflation rate eased to 25.2% in May from 35.3% in April, the statistics department said on Wednesday, reducing some stress on the crisis-hit economy. Soaring inflation has battered the economy for more than a year after a severe foreign exchange crisis set off the Indian Ocean…
By Mathieu Rosemain PARIS (Reuters) – Inflation may be past its peak in France, Bank of France Governor Francois Villeroy de Galhau said on Wednesday, after official data showed inflation cooled more than expected in May. Consumer prices dipped 0.1% over one month, giving an annual inflation rate of 6.0% after 6.9% in April, EU-harmonised…
By Nerijus Adomaitis BERGEN, Norway (Reuters) – Inspections of Norway’s offshore gas pipelines after the Nord Stream blasts found nothing suspicious, an executive at energy major Equinor told Reuters, in the first official word on the security sweep. However, risks remain after last year’s still-unexplained explosions at the Nord Stream pipelines built to carry Russian…
