Mexico’s central bank hikes rates to 4.75% on inflation concerns
By Anthony Esposito and Dave Graham MEXICO CITY (Reuters) - The Bank of Mexico raised its benchmark interest rate by 25 basis points to 4.75% on Thursday, as expected, in a four-to-one vote by its
EU extends tariffs on U.S. biodiesel for five years
BRUSSELS (Reuters) - The European Union will retain its tariffs on U.S. biodiesel for a further five years after concluding that removing them would likely lead to a surge of imports at artificially
Shortages, inflation and slow growth fog UK economy
By Andy Bruce LONDON (Reuters) - Britain's economic bounce-back after coronavirus lockdowns is being hampered by problems in supply chains, a jump in inflation and the risk of a rise in unemployment,
Detroit’s chip woes drag on U.S. economic growth
By Dan Burns (Reuters) - The U.S. auto sector's production slump this year is more than a big minus for Detroit - it's a major drag on the entire economy.
Omicron won’t tip Germany into recession but recovery slowing -top economists
BERLIN (Reuters) - Germany's strong fourth wave of coronavirus infections and the new Omicron variant are unlikely to tip its economy into recession although output will now reach its pre-pandemic
Drought-hit New Mexico town eyes economic liftoff from Virgin Galactic space launch
By Nathan Frandino TRUTH OR CONSEQUENCES, N.M.
Deutsche Bank accelerates closing of Postbank branches
BERLIN (Reuters) - Deutsche Bank will accelerate the closing of its Postbank branches and aims to have 550 branches by the end of 2023, 200 fewer than now, the Handelsblatt newspaper reported on
Pakistanis squeezed by inflation face more pain from tax hikes
By Asif Shahzad ISLAMABAD (Reuters) - When Pakistan's annual inflation rate hit 11.5% in November, the statistics office put a number on a phenomenon that was already painfully clear to the poor and
NZ cenbank under no pressure to act as Delta outbreak not ‘game changer’ yet-...
By Praveen Menon WELLINGTON (Reuters) - The fresh outbreak of the coronavirus in New Zealand is not a "game changer" yet and there is no pressure to act on monetary policy, a senior central bank
Inflation will abate as supply meets demand, says UK PM Johnson
LONDON (Reuters) - Inflationary pressures will abate as supply improves to meet demand, British Prime Minister Boris Johnson said on Tuesday.