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…
Saudi Arabia working with Lazard on funding options and IPO of Mecca mega project
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) is working with Lazard on funding options…
EU executive to outline gas price ‘correction mechanism’ on Friday -sources
By Gabriela Baczynska BRUSSELS (Reuters) – The European Commission will propose a gas “correction mechanism” to the 27 EU states…