Fed officials stare at market volatility, say inflation remains key focus

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept. 26 (Reuters) – US Federal Reserve officials on Monday curbed increasing volatility in global markets, from slumping US stocks to currency turbulence abroad, saying their priority remained to contain domestic inflation. Asked at an event in the Washington Post whether he thought US investors … Read more

McDonald’s raises prices in Japan on higher input costs, weaker yen

Customers are seen through the windows of a McDonald’s store (above) in Tokyo, while others queue at checkouts, July 22, 2014. REUTERS/Yuya Shino Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept. 26 (Reuters) – McDonald’s fast-food restaurants in Japan will raise prices on about 60% of their offerings to customers, fueled by … Read more

Inflation Struggle Can Avoid Deep Pain, Atlanta Fed President Says

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at an event of the European Financial Forum in Dublin, Ireland, Feb. 13, 2019. REUTERS/Clodagh Kilcoyne Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept. 25 (Reuters) – Atlanta Federal Reserve president Raphael Bostic said on Sunday … Read more

Britain is betting everything on historic tax cuts and loans, investors scare

Register now for FREE unlimited access to Reuters.com Register Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed … Read more

UK eases pressure on business by cutting energy bills in half this winter

Register now for FREE unlimited access to Reuters.com Register Wholesale electricity, gas bills will be capped from October The level will be less than half of current market prices Government says deal will prevent companies from collapsing LONDON, Sept. 21 (Reuters) – The British government said on Wednesday it would limit wholesale electricity and gas … Read more

Thousands take part in anti-government protest in Moldova

Moldovan Prime Minister Natalia Gavrilita attends a press conference after the donor conference for Moldova to help the country with the influx of Ukrainian refugees, in Berlin, Germany, April 5, 2022. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register CHISINAU, Sept. 18 (Reuters) – Thousands of protesters denouncing high inflation and fuel … Read more

Canada may need a recession to cool inflation

A person shops at the North Mart supermarket in Iqaluit, Nunavut, Canada, July 28, 2022. REUTERS/Carlos Osorio/File Photo Register now for FREE unlimited access to Reuters.com Register OTTAWA, Sept. 18 (Reuters) – Underlying pressures driving inflation in Canada are likely to peak in the fourth quarter of this year, economists told Reuters, though most are … Read more

ECB to hurt if it raises interest rates to next year, says economist

Register now for FREE unlimited access to Reuters.com Register WEXFORD, Ireland, Sept. 17 (Reuters) – The European Central Bank could raise interest rates into next year, causing pain for consumers as it tries to squeeze demand that is now increasingly contributing to skyrocketing inflation , chief economist Philip Lane said on Saturday. With inflation approaching … Read more

Germany takes control of Russian-owned refinery amid energy crisis

Register now for FREE unlimited access to Reuters.com Register German energy industry falters since war in Ukraine German regulator now controls Schwedt refinery Schwedt refinery is an important fuel source for Berlin PKN interested in majority stake in refinery – sources BERLIN, Sept. 16 (Reuters) – Germany took control of a major Russian-owned oil refinery … Read more

Canada’s Trudeau Announces $4.5 Billion Inflation Relief Package for Low Incomes

Canadian Prime Minister Justin Trudeau makes a statement on the death of Britain’s Queen Elizabeth, following a cabinet retreat in Vancouver, British Columbia, Canada on Sept. 8, 2022. REUTERS/Jennifer Gauthier/File Photo Register now for FREE unlimited access to Reuters.com Register OTTAWA, Sept. 13 (Reuters) – Canadian Prime Minister Justin Trudeau on Tuesday announced C$4.5 billion … Read more