By Andrea Shalal WASHINGTON (Reuters) -The biggest challenge facing central bankers now is bringing inflation down, International Monetary Fund Managing…
ECB hawks call for growth-curbing rate hikes to tame inflation
By Balazs Koranyi LJUBLJANA (Reuters) -Three of the European Central Bank’s most outspoken policy hawks called on Thursday for raising…
Fed’s Harker says favors possible rate hike pause when funds rate hits around 4.5%
By Michael S. Derby (Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday the point where the…
Egypt’s headline inflation jumps to 16.2% in October
CAIRO (Reuters) – Egypt’s annual urban consumer inflation accelerated faster than expected in October, climbing to a four-year high of…
Cisco to open new chip design center in Barcelona, Spain says
MADRID (Reuters) – U.S. tech giant Cisco will open a new chip design center in the northeastern Spanish city of…
Coach owner Tapestry, Ralph Lauren warn of slowing holiday season demand
By Uday Sampath Kumar and Deborah Mary Sophia (Reuters) -Coach handbag maker Tapestry Inc and Ralph Lauren Corp on Thursday…
Inflation dampens festive spirit as German retail faces slump
By Rachel More BERLIN (Reuters) – German shoppers are tightening their purse strings this festive season, the HDE retail association…
Rate cuts from June would be compatible with Brazil cenbank’s target, official says
BRASILIA (Reuters) -Brazil’s central bank believes rate cuts from June 2023 would be compatible with bringing inflation in line with…
Euro, stocks rally after U.S. inflation data
LONDON (Reuters) – The euro bounced against the dollar on Thursday after data showed a key measure of U.S. inflation…
Russian weekly consumer prices edge up slightly
MOSCOW (Reuters) – Consumer prices in Russia rose slightly for the seventh consecutive week at the start of November, data…