NEW YORK (Reuters) – U.S. consumer spending rose moderately in February, likely payback after surging the prior month, and while inflation showed signs of cooling it remained elevated, which could see the Federal Reserve raising interest rates one more time this year. The personal consumption expenditures (PCE) price index increased 0.3% last month after accelerating […]
Reuters | March 31, 2023
By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova LONDON/MOSCOW (Reuters) – OPEC+ is likely to stick to its existing deal to cut oil output at a meeting on Monday, five delegates from the producer group told Reuters, after oil prices recovered following a drop to 15-month lows. Oil has recovered towards $80 a barrel for […]
Reuters | March 30, 2023
LISBON (Reuters) – Housing rents in Portugal jumped nearly 11% to a record high in the last quarter of 2022, official data showed on Wednesday, adding to the soaring cost of living. Soaring prices of homes and rents, especially around the capital Lisbon, coupled with rampant inflation, high interest rates and low wages have prompted […]
Reuters | March 29, 2023
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of the now-bankrupt FTX cryptocurrency exchange of paying a $40 million bribe to Chinese officials so they would unfreeze his hedge fund’s accounts. The new bribery conspiracy charge adds to the pressure […]
Reuters | March 29, 2023
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) -European stocks climbed on Monday, as a sense of calm returned to markets following a week of turbulence over concerns about banking sector stability after the collapse of Credit Suisse and two U.S. mid-sized lenders. The pan-European STOXX 600 index rose 1.1%, with investors drawing comfort from […]
Reuters | March 27, 2023
March 31, 2023