Article content BERLIN — 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, harmonized to compare with other European Union countries, rose by 7.6% on the year in April, preliminary data from the federal […]
Article content Gold inched lower on Friday after a rise in U.S. inflation in March buoyed the dollar and reinforced bets for an interest rate hike next week, but banking sector concerns kept bullion on course for a small monthly rise. Spot gold edged 0.2% lower to $1,984.09 per ounce by 9:05 a.m. EDT (1305 […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Olena Harmash Published Apr 27, 2023 • 2 minute read Join the conversation Article content KYIV — Ukraine’s central bank on Thursday held its main rate unchanged at 25% due to considerable inflationary pressure and security risks, and said it expected quicker economic growth this […]
Article content LISBON — Portugal’s government has mandated state holding company Parpublica to pick two independent assessors to value airline TAP ahead of its privatization, which could be launched in July, the finance minister said on Thursday. The state owns 100% of TAP, which is currently restructuring under a Brussels-approved 3.2 billion euro ($3.5 billion) […]
Article content NEW YORK — Treasury yields moved higher across the board Thursday as investors weighed a coming Article content showdown over the U.S. debt ceiling with economic data that suggested inflation could remain sticky despite a slowing economy. The yield of one-month Treasury bills rose 10 basis points to 3.86% a day after the […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Dawn Chmielewski and Lisa Richwine Published Apr 26, 2023 • 2 minute read Join the conversation Article content An oversight board in Florida on Wednesday will consider a ban on future COVID-19 mask or vaccine mandates at Walt Disney World, part of an effort by […]
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Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Sruthi Shankar and Ankika Biswas Published Apr 25, 2023 • 2 minute read Join the conversation Article content Wall Street was set to open lower on Tuesday following a mixed batch of earnings reports, while a plunge in deposits of regional lender First […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters John Shiffman and Leah Douglas Published Apr 23, 2023 • 6 minute read Join the conversation Article content ATLANTA — As economists and investors scour data on inflation, jobs, housing, banking and other bellwether indicators to determine whether the United States is headed for a […]
Article content MILAN — Italy needs a sovereign wealth fund to funnel its large private savings into the corporate sector and boost the economy, Prime Minister Giorgia Meloni was quoted as telling the Milano Finanza newspaper. “A national sovereign wealth fund, open to private contributions, could be the right instrument to relaunch investments, channeling Italy’s […]