MADRID (Reuters) – The European Central Bank still needs to raise its interest rates further and then leave them in restrictive territory for a while to bring inflation down to its medium-term goal of 2%, ECB policymaker Pablo Hernandez de Cos said on Monday. “The process of tightening our monetary policy is well underway, although,…
By Elvira Pollina and Amy-Jo Crowley MILAN/LONDON (Reuters) -German media group ProSiebenSat.1 and European pay-TV operator Sky have revived talks over a combination of their businesses in Germany, four sources familiar with the matter said on Monday. German broadcasters are struggling to reshape their business to compete with online streaming players such as Netflix and…
MEXICO CITY (Reuters) – The Dominican Republic’s economy is expected to grow around 4% in 2023, the IMF said on Monday, slowing from the 4.9% rise in 2022. The economy is “one of the most dynamic and resilient in the Western Hemisphere over the last two decades,” the IMF said in a statement, crediting the…
MEXICO CITY (Reuters) – Mexico will present a program this week to give Central Americans temporary visas to work on public infrastructure projects, President Andres Manuel Lopez Obrador said Monday. Such projects require more people such as welders, iron-workers and engineers, Lopez Obrador told his regular daily news conference. “We need a workforce for these…
(Reuters) – BlackRock Investment Institute on Monday said it was moving from “overweight” to “neutral” on credit, saying yields are not enough to compensate investors for tightening credit conditions. In a research note, it also said it was moving from “underweight” to “neutral” on private markets following recent weakness in the U.S. regional banking industry….
By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) – As the race to develop more powerful artificial intelligence services like ChatGPT accelerates, some regulators are relying on old laws to control a technology that could upend the way societies and businesses operate. The European Union is at the forefront of drafting new AI rules that…
By Michael S. Derby NEW YORK (Reuters) -San Francisco Federal Reserve President Mary Daly on Monday said it’s too soon to say whether the U.S. central bank will raise interest rates at its June 13-14 policy meeting. “We have to be extremely data-dependent, and that’s why, even three weeks in advance of the meeting, our…
By Luana Maria Benedito and Gabriel Araujo SAO PAULO (Reuters) -Private economists in Brazil lowered their expectation for the country’s inflation index this year, but the move failed to impress central bank Governor Roberto Campos Neto as he continues to see them running well above official targets. “Inflation expectations are still very high,” Campos Neto…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly on Monday said it would be quite surprising for the central bank to get inflation under control without causing some amount of job loss. “It would be a historical anomaly and quite a feat” to get inflation back…
(Reuters) -The inflation wave that crested at a 40-year high last year and remains elevated has eroded U.S. households’ sense of financial security, the Federal Reserve reported Monday, with many saying they had reduced their savings to make ends meet, felt less secure about retirement, and had delayed purchases or swapped into cheaper products as…
