By Michael S. Derby NEW YORK (Reuters) – NEW YORK, Feb 13 (Reuters) – Americans in January continued to expect high near-term inflation pressures and more modest ones on a longer-term basis, as they trimmed their expectations for future income gains, the New York Federal Reserve said on Monday. Respondents to the regional Fed bank’s…
(Reuters) – Dutch oil and chemical storage company Vopak’s first-quarter earnings beat market expectations on Wednesday, boosted by growth projects and good performance in the Americas. The group reported a core profit (EBITDA) of 213.1 million euros ($230.47 million) for the first three months of the year, above analysts’ average estimate of 203 million euros….
By Olena Harmash KYIV (Reuters) – Ukraine raised record proceeds from selling small state assets in the first quarter of this year despite Russia’s invasion and aims to privatise thousands more in an economic overhaul, the head of the State Property Fund said. Since his appointment to head the fund last September, Rustem Umerov has…
By Huw Jones LONDON (Reuters) – Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties, the G20’s Financial Stability Board said on Monday. The FSB published on Monday final recommendations requested by the G20 on supervising firms that…
SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world’s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world’s biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000…
TORONTO (Reuters) – Canadian economic activity contracted in July for the first time in seven months as a measure of employment fell, Ivey Purchasing Managers Index (PMI) data showed on Friday. The seasonally adjusted PMI fell to 48.6 in July from 50.2 in June. It was the first reading below the 50 level that indicates…
By Hilary Russ NEW YORK (Reuters) – Pro-union baristas at Starbucks are taking their campaign on the road on Monday and trying a new tactic along the way: asking the coffee chain’s customers to organize pickets at non-unionized U.S. cafes. The Workers United union plans to hand out flyers during a 13-city bus tour to…
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Monday the central bank’s inflation forecasts must be “quite strong and close to 2%” in the coming year to consider tweaking yield curve control. “At present, trend inflation is below 2% so we must maintain monetary easing,” Ueda told parliament. “But when…
By Nivedita Balu and Niket Nishant (Reuters) – Canada’s Toronto-Dominion Bank Group on Thursday called off its $13.4 billion takeover of First Horizon Corp, triggering a near 40% fall in the U.S. regional bank’s shares. First Horizon and TD said in a statement they had mutually decided to end the deal because there was no…
By Sudip Kar-Gupta PARIS (Reuters) -Wall Street bank Morgan Stanley on Friday raised its forecast for the European Central Bank’s (ECB) so-called terminal rate – the level to which it believes the ECB’s key interest rate will rise – to 4% as inflationary pressures weigh on the euro zone. “Following material revisions to our inflation…
