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Euro zone economy bottoming out, but outlook weak, ECB policymakers say
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Dollar gains on yen, Bitcoin slides after SEC hack
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Factbox-How companies are responding to attacks on ships in the Red Sea
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Yields rise, stocks dip as rate cut path remains in focus
Factbox-How companies are responding to attacks on ships in the Red Sea
Date: January 9, 2024
Factbox-How companies are responding to attacks on ships in the Red Sea (Reuters) -Attacks on vessels by Iranian-backed Houthi militants in Yemen have disrupted international commerce on the shortest shipping route between Europe and Asia. The attacks, targeting a route that accounts for about 15% of the world’s shipping traffic, have pushed several shipping companies...
German industrial output drops unexpectedly in November
Date: January 9, 2024
German industrial output drops unexpectedly in November By Maria Martinez (Reuters) -German industrial production unexpectedly fell in November, the federal statistics office said on Tuesday, marking the sixth monthly decline in a row. Industrial production decreased in November by 0.7% compared to the previous month. Analysts polled by Reuters had predicted a 0.2% rise. “The...
World Bank forecasts 2024 global growth to slow for third consecutive year
Date: January 9, 2024
World Bank forecasts 2024 global growth to slow for third consecutive year By David Lawder WASHINGTON (Reuters) – The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in many developing countries. Hamstrung by the COVID-19 pandemic,...
Hungary takes aim at ‘shrinkflation’ with mandatory price warnings
Date: January 8, 2024
Hungary takes aim at ‘shrinkflation’ with mandatory price warnings BUDAPEST (Reuters) – Hungary’s government will require large food retailers from March to display price warnings on products that have shrunk in size, the Economy Ministry said on Monday. Hungary’s inflation rate peaked at 25% in the first quarter of last year, the highest in the...
Wall Street futures flat, global stocks stumble, oil slides as inflation, earnings loom large
Date: January 8, 2024
Wall Street futures flat, global stocks stumble, oil slides as inflation, earnings loom large By Nell Mackenzie and Natalie Grover LONDON (Reuters) – Wall Street futures were flat while global shares remained red on Monday and investors, wary of central bank narratives, braced for U.S. inflation data and a corporate reporting season where robust results...
Factbox-What airlines, regulators are doing about Boeing 737 MAX 9 jets
Date: January 8, 2024
Factbox-What airlines, regulators are doing about Boeing 737 MAX 9 jets LONDON (Reuters) – The latest setback for Boeing’s top-selling 737 MAX aircraft occurred on Friday when a panel blew off an Alaska Airlines plane forcing its pilots to make an emergency landing. U.S. regulators have ordered a temporary grounding for safety checks on 171...