MADRID (Reuters) – The European Central Bank needs to focus on bringing inflation down to its 2% mid-term goal and…
Russia’s more gradual economic contraction to extend into 2023: Reuters Poll
By Alexander Marrow MOSCOW (Reuters) – Russia’s economy is set to shrink by 2.5% next year, on top of a…
Brazil’s central bank to keep rates steady, stress fiscal concerns: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank is set to keep its benchmark interest rate at a…
Brazil industrial output rises in October but near-term outlook remains cloudy
SAO PAULO (Reuters) – Industrial production in Brazil rose 0.3% in October from September, government statistics agency IBGE said on…
U.S. equity funds register biggest weekly outflow in over five weeks
(Reuters) – U.S. equity funds logged big outflows in the week to November 30 as investors booked profit after concerns…
Explainer-ECB to start offloading debt to fight inflation
FRANKFURT (Reuters) – The European Central Bank is all but certain to start offloading some of its 5 trillion euro…
Evergrande’s EV unit suspends mass production due to lack of orders -sources
SHANGHAI (Reuters) -China Evergrande Group’s electric vehicle unit has suspended mass production of its only model due to a lack…
Irish domestic economy shrank in Q3 following Q2 investment boom
By Padraic Halpin DUBLIN (Reuters) -Ireland’s domestic economy shrank by 1.1% quarter-on-quarter from July to September, following the strong investment…
Global equity funds post biggest weekly outflow in six weeks
(Reuters) – Global equity funds recorded enormous outflows in the week ended on Nov. 30 as investors booked profits –…
Silicon Valley startup beaming electricity wirelessly raises $30 million
By Jane Lanhee Lee REDWOOD CITY, Calif. (Reuters) – Reach Power Inc, a Silicon Valley startup that beams electricity wirelessly,…