British Prime Minister Boris Johnson said on Saturday that public pay could not be raised sharply, as demanded by trade unions, because it would risk fuelling a further rise in inflation. "What we can't have is a situation in which increases in pay are just wiped out by further increases in prices, and so that's why you've got to be responsible," Johnson told Sky News.
British Prime Minister Boris Johnson said on Saturday that he feared Ukraine could face pressure to agree a peace deal with Russia that was not in its interests, due to the economic consequences of the war in Europe.
- San Francisco Federal Reserve Bank President Mary Daly on Friday said another 75 basis point interest rate hike in July is her "starting point," though if the economy slows more than she expects, a half-point hike could be reasonable.
Angst is running high over global recession risks as the year's mid-point approaches. The European Central Bank will host a forum in Portugal, while a Chinese business activity survey and a closely followed U.S. inflation indicator will be among the data highlights.
Sales of new U.S. single-family homes unexpectedly rose in May, but the rebound is likely to be temporary as home prices continue to increase and the average contract rate on a 30-year fixed-rate mortgage approaches 6%, reducing affordability.
U.S. Treasury Secretary Janet Yellen will visit South Korea next month for talks on rising inflation and possible further sanctions on North Korea over its nuclear program, sources familiar with the matter said on Friday. Yellen will meet with senior South Korean officials as part of a trip to Asia to attend a meeting of finance officials from the Group of 20 major economies, the sources said.
Summit Industrial Income REIT : * SUMMIT INDUSTRIAL INCOME REIT ANNOUNCES SUSPENSION OF DISTRIBUTION REINVESTMENT PLAN Source text for Eikon: Further company coverage:
If the United States does fall into a recession, it would likely be "relatively short," with only modest increases in unemployment, and may look like U.S. downturns in the early 2000s, an International Monetary Fund official said on Friday.
Argentine truck unions extended a widespread protest over fuel price hikes and diesel shortages on Friday, but the dismantling of some road blockades meant that truck traffic and operations in the country's key Rosario grains ports returned to normal.
Macy's Inc: * MACY'S, ON SCOTUS DECISION, SAYS TO EXPAND OUR BENEFITS PROGRAM TO PROVIDE TRAVEL REIMBURSEMENT FOR COLLEAGUES TO RECEIVE THE MEDICAL CARE NEEDED. * MACY'S, ON SCOTUS DECISION, SAYS WILL ABIDE BY EXISTING LAWS AND LEGAL STANDARDS Further company coverage:
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required