Producer prices in Canada rose by 0.4% in January from December on higher prices for refined petroleum energy products, as well as primary non-ferrous metal products, Statistics Canada said on Friday. The increase followed an upwardly revised 0.9% decrease December. Raw materials prices were down 0.1% in January, and were up 1.2% on the year. …
Canada January producer prices up 0.4% on petroleum, primary metals Read More »
LONDON (Reuters) – Investors turned more cautious in the week to Wednesday, according to data from Bank of America, as a run of data prompted many to raise their forecasts for how high the U.S. Federal Reserve will take interest rates. BofA Global Research’s weekly “Flow Show”, released on Friday, showed the largest outflows from …
Investors pull cash from classic risk plays as Fed rate picture shifts Read More »
BERLIN (Reuters) – Most Germans are worried about high inflation, and more than half of them report that rising prices are making them struggle financially, an international survey by Dynata showed. According to the part of the survey dedicated to Germany, to which Reuters had access on Friday, 61% of German citizens are very or …
Germans worry about inflation, say it causes financial pain – survey Read More »
PARIS (Reuters) -The European Central Bank interest rates are likely to reach their peak over the summer and a rate cut this year is out of the question, French ECB policymaker Francois Villeroy de Galhau said on Friday. In an effort to steer record inflation towards its 2% target, the ECB has hiked rates by …
ECB’s Villeroy sees summer rate peak, no cut this year Read More »
(Reuters) – U.S. bond funds witnessed their first weekly net selling in six weeks in the seven days to Feb. 15 as bond yields climbed on concerns over more Federal Reserve tightening after data showed resilient inflation. A report from the Labor Department on Thursday showed monthly producer prices accelerated in January, while the producer …
U.S. bond funds see first weekly outflow in six weeks on rate hike concerns Read More »
(Reuters) -Corebridge Financial Inc reported a smaller-than-expected drop in its quarterly profit on Friday, supported by higher investment income from its base portfolio that more than offset the decline in private-equity returns. The Houston, Texas-based life insurer’s base portfolio comprises income earned from interest, dividends and foreclosed real estate. Despite coming ahead of expectations, the …
Corebridge posts smaller-than-feared profit drop on strong investment income Read More »
BERLIN (Reuters) – German producer prices rose more than expected in January, though the rate of increase eased for the fourth month in a row, signalling that inflation in Europe’s largest economy could be starting to wane, according to data released on Friday. Producer prices of industrial products were up 17.8% on the same month …
German producer prices ease, but at lower pace than expected Read More »
(Reuters) – Global equity funds witnessed outflows in the week to Feb. 15, hit by worries about the U.S. Federal Reserve’s further monetary tightening, with recent data showing stickier-than-expected inflation. Refinitiv Lipper data showed investors disposed of a net $1.85 billion worth of global equity funds last week, compared with net purchases of $379 million …
Global equity funds see outflows on worries over Fed tightening Read More »
By Andrew Chung WASHINGTON (Reuters) – In 2021, a California state court threw out a feminist blogger’s lawsuit accusing Twitter Inc of unlawfully barring as “hateful conduct” posts criticizing transgender people. In 2022, a federal court in California tossed a lawsuit by LGBT plaintiffs accusing YouTube, part of Alphabet Inc, of restricting content posted by …
As U.S. Supreme Court weighs YouTube’s algorithms, ‘litigation minefield’ looms Read More »
By Steve Gorman (Reuters) -A 66-year-old immigrant farm worker accused of murdering seven colleagues in a mass shooting last month at two mushroom-growing sites near San Francisco pleaded not guilty on Thursday to all charges, according to the San Mateo County district attorney. Chunli Zhao, a Chinese citizen and lone suspect in the Jan. 23 …
California farm worker pleads not guilty to 7 murder counts Read More »
