By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to maintain policy stability and keep its key interest rate at a more than two-decade high of 7.00% on Wednesday, a Reuters poll showed, with expectations still leaning toward a cut in the third quarter. All 12 analysts in the poll published…
By Maria Martinez BERLIN (Reuters) -German consumer prices in April posted their smallest increase since the start of the war in Ukraine, as energy prices eased further and food prices began to fall. Consumer prices, harmonised to compare with other European Union countries, rose by 7.6% on the year in April, preliminary data from the…
By Francesco Canepa and Belén Carreño FRANKFURT/MADRID (Reuters) – The euro zone economy is barely growing but inflation in the bloc remains high, leaving the European Central Bank with little choice but to inflict more financial pain on households and businesses to tame prices. Buffeted for more than a year by the surge in fuel…
By Gabrielle Tétrault-Farber GENEVA (Reuters) -A United Nations committee said on Friday it was deeply concerned about human rights violations by Russian forces and private military companies in Ukraine, including enforced disappearances, torture, rape and extrajudicial executions. In its findings on Russia, the U.N. Committee on the Elimination of Racial Discrimination called on the Russian…
By Gavin Jones and Giuseppe Fonte ROME (Reuters) -Italy’s economy grew by 0.5% in the first quarter from the previous three months, preliminary data showed on Friday, a stronger recovery than expected after a slight contraction at the end of last year. On a year-on-year basis, first quarter gross domestic product in the euro zone’s…
By Alex Lawler LONDON (Reuters) – The U.S. crude oil being added to the global Brent benchmark will lack the list of cargoes scheduled to load that could help set the price, a change for an industry that is accustomed to using such programmes to assess supplies. Oil-index publisher S&P Global Platts is adding U.S….
LONDON (Reuters) – The number of companies declared insolvent in England and Wales in the first three months of 2023 was up 18% on a year earlier and remained close to the 13-year high recorded in the final quarter of 2022, government data showed on Friday. Some 5,747 companies in England and Wales were declared…
BERLIN (Reuters) – Inflation looks set to ease in Germany in April on the back of lower food and energy prices, preliminary data from six economically important regional states showed on Friday. The inflation rate in Brandenburg fell to 7.6% year-on-year, and in Baden-Wuerttemberg it fell to 7.3%. It slowed to 6.9% in Hesse and…
BRUSSELS (Reuters) – Chipmakers STMicroelectronics and GlobalFoundries secured EU approval on Friday to build a chip factory with French state aid in France. The companies announced their plan in July last year, with the new facility to be situated next to STM’s existing plant in Crolles and targeted to reach full capacity by 2026, with…
A look at the day ahead in U.S. and global markets from Mike Dolan After mega tech earnings inspired the best day for Wall St stocks in almost 4 months, online retail giant Amazon cooled the frenzy somewhat on Friday – even as chipmaker Intel attempted to pick up the torch. But the dramatic re-acceleration…
