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BoE’s Bailey says bank reforms worked but questions about liquidity buffers
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G7 finance leaders pledge financial stability, supply chain diversity
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UK housing market weakness continues, improvement on the horizon – RICS
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Dollar drops as inflation cools more than expected
Oil jumps on lower-than-expected US inflation data
Date: April 12, 2023
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Wednesday as cooling U.S. inflation data spurred hopes that the Federal Reserve is getting closer to ending its cycle of interest rate hikes and cushioned the impact of a small build in U.S. crude oil stocks. Brent crude gained $1.49, or 1.7%, to $87.10 a barrel...
Germany’s Merck to invest 300 million euros in US gas plant
Date: April 12, 2023
Germany’s Merck to invest 300 million euros in US gas plant (Reuters) -Germany’s Merck on Wednesday said it will invest about 300 million euros ($328 million) to develop an integrated specialty gas plant in Hometown, Pennsylvania, to support development of its semiconductor business. Merck said the plant is the largest of its kind in the...
Inflation trumps financial risks as central bank tightening set to continue
Date: April 12, 2023
Inflation trumps financial risks as central bank tightening set to continue By Howard Schneider, William Schomberg and Balazs Koranyi WASHINGTON/LONDON/FRANKFURT (Reuters) – Despite broad warnings about the economic risks posed by recent stress in the banking sector, global monetary policymakers are keeping their focus squarely on inflation and the need to continue raising interest rates...
UK recruiters slow pace of pay growth in March, REC survey shows
Date: April 12, 2023
By Suban Abdulla LONDON (Reuters) – Britain’s labour market showed signs of a slowing in the sharp pace of pay growth in March and a shortage of candidates eased for the first time in two years, according to a survey of recruiters published on Wednesday. The Recruitment and Employment Confederation/KPMG said increases in starting salaries...
Norway wealth fund employee sues for workplace gender discrimination
Date: April 12, 2023
By Gwladys Fouche OSLO (Reuters) -A court in Oslo on Wednesday began hearing a gender discrimination case brought by an employee at Norway’s $1.4 trillion sovereign wealth fund against her employer. Elisabeth Bull Daae, head of trading analytics at Norges Bank Investment Management, is suing the unit of the central bank managing the fund for...
Mercedes posts rise in Q1 sales boosted by EVs, premium cars
Date: April 12, 2023
(Reuters) -Mercedes-Benz Group sales rose moderately in the first quarter of the year, boosted by electric vehicles (EV) and premium cars, the German carmaker said on Wednesday. Worldwide sales increased 3% to 503,500 vehicles, with Europe posting the strongest growth at 8%. The firm saw the biggest sales plunge in the rest of the world...