Russian inflation jumps 0.37% in latest week
MOSCOW (Reuters) – Russian consumer prices rose 0.37% in the latest week, up from 0.3% in the previous week, data showed, driven by price growth for butter, sunflower oil, dairy…
Economy
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PIMCO bullish on stocks on US soft landing hopes, cautious on inflation
By Davide Barbuscia NEW YORK (Reuters) – An optimistic outlook on the U.S. economy is prompting U.S. bond giant PIMCO to favor stocks and some other risk assets, while seeking…
LVMH brands can choose to forge deals with Paris FC soccer club or not, Arnault family says
PARIS (Reuters) – The Arnault family holding will not pressure LVMH brands into forging partnerships with Paris FC once it acquires a controlling stake in the French capital’s soccer club,…
Fed’s Cook: More cuts likely appropriate as disinflation expected to continue
By Howard Schneider CHARLOTTESVILLE, Va. (Reuters) – U.S. inflation continues to ease, with wages and the job market cooling and excess price increases largely confined to housing, a situation in…
India’s FY25 capital spending seen 5% below target, top ministry official says
NEW DELHI (Reuters) -India might undershoot its capex target of 11.1 trillion rupees ($131.72 billion) for fiscal year 2024-25 by around 5%, a top finance ministry official said on Wednesday.…
Exclusive-Kenya in talks for fresh $750 million from World Bank, $200 million from AfDB, says official
By Duncan Miriri NAIROBI (Reuters) -Kenya has secured a $200 million loan from the African Development Bank and is in talks with the World Bank for a new $750 million…
Factbox-Airlines suspend flights as Middle East tensions rise
(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of…
Factbox-Brokerages see ‘uncertain’ 2025 on worries over potential Trump tariffs
(Reuters) – Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. They expect U.S. President-elect Donald Trump’s proposed tariffs to fuel volatility across…
Chile’s central bank: Tighter external financing could impact households, businesses
SANTIAGO (Reuters) – Tighter external financing conditions could impact Chile’s households, businesses and mortgages, increasing default risks they might face, the central bank said on Wednesday. In its Financial Stability…
Argentina investors bet on Milei’s popularity a year after his election
(This Nov. 18 story has been corrected to remove reference to increase in payments to the IMF next year in paragraph 25) By Rodrigo Campos NEW YORK (Reuters) – Investors…