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Dollar rallies from three-week lows as U.S. data shows pick-up in inflation
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Amazon, Apple raise hopes as investors brace for slowdown
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Tight U.S. labor market keeps upward pressure on wages; inflation heats up
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Spanish banks weigh impact of windfall tax, consider legal challenge
Russia’s 2022 inflation seen at 13.4%, more rate cuts to come: Reuters poll
Date: July 29, 2022
MOSCOW (Reuters) – Analysts have trimmed their year-end inflation forecasts for Russia and see room for the central bank to continue cutting rates as it tries to blunt the impact of major sanctions, a Reuters poll suggested on Friday. Russia’s economic landscape changed drastically after Moscow sent tens of thousands of troops into Ukraine on...
Analysis-World’s biggest bond markets back in vogue as recession fears mount
Date: July 29, 2022
By Dhara Ranasinghe LONDON (Reuters) – One day you’re out and the next day you’re in: the world’s battered sovereign bond markets are back in favour as global recession fears mount. Government borrowing costs from Germany to France and Australia are down sharply this month, with 10-year bond yields down around 50 basis points each...
Analysis: President’s tough talk masks Mexican concern over energy dispute with U.S
Date: July 29, 2022
By Dave Graham MEXICO CITY (Reuters) – A potentially costly U.S.-led complaint against Mexico’s energy policy has stirred considerable concern inside the Mexican government in spite of President Andres Manuel Lopez Obrador’s defiant attitude, officials and people close to the matter say. Last week, the U.S. Trade Representative demanded dispute settlement talks with Mexico, arguing...
Euro zone growth, inflation accelerate, but recession looms later in year
Date: July 29, 2022
By Jan Strupczewski and Balazs Koranyi BRUSSELS/FRANKFURT (Reuters) – The euro zone economy grew much faster than expected in the second quarter, but economists said it might be the economy’s last hurrah before ever-higher inflation and supply chain problems cause a mild recession in the second half of the year. The stronger growth came despite...
AstraZeneca lifts revenue guidance on COVID treatment
Date: July 29, 2022
By Natalie Grover and Ludwig Burger (Reuters) -AstraZeneca said it expected prescriptions of its COVID therapy to drive sales growth of more than 20% this year, as company reported second-quarter profit that topped analyst estimates. The injection, called Evusheld, which is designed to protect against COVID infection for at least six months, has been deployed...
Italy’s economy grew faster than expected in Q2, back above pre-COVID levels
Date: July 29, 2022
By Crispian Balmer ROME (Reuters) -Italy’s economy grew 1.0% in the second quarter of the year from the previous three months, preliminary data showed on Friday, a stronger-than-expected reading achieved against a backdrop of surging prices and war in Ukraine. On a year-on-year basis, second quarter gross domestic product in the euro zone’s third largest...