EXCLUSIVE Germany to hike 2022 inflation forecast to 6.1% – document

The skyline is pictured at the end of the first day under a partial lock down of the city by authorities due to the spread of the coronavirus disease (COVID-19) in Frankfurt, Germany, March 18, 2020. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register BERLIN, April 25 (Reuters) – The German government … Read more

Exclusive: ECB policymakers keen for quick end to bond buys, early rate hike

The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, December 8, 2016. REUTERS/Ralph Orlowski/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 24 (Reuters) – European Central Bank policymakers are keen to end their bond purchase scheme at the earliest possible moment and raise … Read more

Argentina will not modify $45 billion debt deal with IMF, finance minister says

FILE PHOTO – Demonstrators sit near the National Congress as the senate debates the government’s agreement with the International Monetary Fund (IMF), in Buenos Aires, Argentina March 17, 2022. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, April 23 (Reuters) – Argentine economy minister Martin Guzman said late on Friday … Read more

Shanghai’s economy slows as COVID deals blow to industry, retail

BEIJING, April 23 (Reuters) – The economy of Shanghai, China’s most populous city, slowed in the first quarter from the end of 2021, hurt by rare declines in industrial output and retail sales that were hammered by the country’s most serious COVID outbreak. Shanghai’s gross domestic product (GDP) grew 3.1% in the first quarter from … Read more

Slowdown warnings flash for UK economy as inflation surges

LONDON, April 22 (Reuters) – Britain’s economy is heading for a slowdown, or possibly even a recession, as consumers and businesses are hit by the leap in inflation, higher taxes, rising interest rates and uncertainty caused by the war in Ukraine. Bank of England Governor Andrew Bailey said on Thursday the BoE was walking a … Read more

Analysis: Dollar’s rally may be nearing ‘tipping point’ as Fed reads big hikes

An illustration picture shows euro and US dollar banknotes and coins, April 8, 2017. REUTERS/Kai Pfaffenbach/File Photo Register now for FREE unlimited access to Reuters.com Register April 22 (Reuters) – A months-long rally in the dollar may be reaching its peak as the Federal Reserve gears up to deploy more interest rate hikes, according to … Read more

UK economy stumbles as consumers, firms brace for downturn

UK retail sales fall 1.4% in March, far more than expected Consumer confidence approaches record low levels S&P Global business survey shows growth slowing, gloomy outlook Bailey says BoE walks tightrope between inflation and recession LONDON, April 22 (Reuters) – Britain’s economy is losing steam as households in the face of a tightening cost-of-living squeeze, … Read more

Analysis: Wealth shock – property bust in small Chinese cities rattles households

New home prices in lower-tier cities down for seven months Households in smaller cities hit by falling home values Inventories in lower-tier cities swell as demand stays poor BEIJING, April 20 (Reuters) – Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions … Read more

Calling time on QE, central banks prep for synchronized asset cull

April 19 (Reuters) – Major central banks, already plotting interest rate hikes in a fight against inflation, are also preparing a common pullback from key financial markets in a first-ever round of global “quantitative tightening” expected to restrict credit and add stress to an already-slowing world economy. The US Federal Reserve and its major counterparts … Read more

World Bank says war to cut global growth, boosts financing target

WASHINGTON, April 18 (Reuters) – The World Bank is reducing its global growth forecast for 2022 by nearly a full percentage point, to 3.2% from 4.1%, due to the impacts from Russia’s invasion of Ukraine, World Bank President David Malpass said on Monday. Malpass told reporters on a conference call that the World Bank was … Read more