Economics News Results

  • FOREX-Dollar firm as COVID-19 resurgence dampens risk appetite

    The U.S. dollar rose on Wednesday from a seven-week low hit overnight, as broad weakness in stock markets triggered by a resurgence of COVID-19 cases in India and Japan encouraged a retreat to the ...

  • Brazilian Real Is Biggest Threat to Heineken's Revenue -- Currency Comment

    Dutch brewer Heineken expects a negative currency translational impact on revenue, operating and net profit for the year, citing the Brazilian real as the biggest threat to its topline. "We see the biggest individual impact on revenue coming from the Brazilian real but given our international exposure we also see impact from other currencies like the Nigerian Naira and others," Heineken says. The company has a presence in more than 70 countries.

  • Canadian annual inflation rate doubles to 2.2% in March

    Canada's annual inflation rate doubled to 2.2% in March, in part due to a statistical difference caused by the sharp deceleration last year during the coronavirus pandemic and because of rising energy prices, Statistics Canada said on Wednesday. Analysts polled by Reuters had expected the annual rate to rise to 2.3% in March, up from 1.1% in February.

  • Baltic index leaps to over 10-year peak on capesize surge

    The Baltic Exchange's main sea freight index surged to its highest in over a decade on Wednesday, powered by a jump in the larger capesize vessel segment on increasing iron ore shipments from Brazil. * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessel ferrying dry bulk commodities, jumped 238 points, or 9.6%, to 2,710, its highest since October 2010.

  • Canada annual inflation rate in March accelerates to 2.2%

    Canada's annual inflation rate accelerated to 2.2% in March, up from a year-over-year increase of 1.1% in February, on energy prices and due to a statistical effect caused by last year's very low index level, Statistics Canada said on Wednesday. Analysts polled by Reuters had expected the annual rate to rise to 2.3% in March.

  • Russia's Putin, before central bank meeting, calls to restrain inflation

    Russian financial authorities must maintain macroeconomic stability and restrain inflation, President Vladimir Putin said on Wednesday, days before the central bank meets for the key rate decision.

  • FOREX-Dollar firm as COVID-19 resurgence hits reflation trades

    * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. The U.S. dollar rose on Wednesday from a seven-week low hit overnight, as broad weakness in stock markets triggered by a resurgence of COVID-19 cases in countries from India to Japan fuelled renewed appetite for the safe-haven appeal of the greenback.

  • Turkey's Erdogan says opposition campaign on FX sales is treason

    Turkish President Tayyip Erdogan said on Wednesday that an opposition political campaign inquiring over the sale of some $128 billion in the central bank's foreign reserves was "outright treason against the people of Turkey."

  • Sterling holds ground as UK inflation ticks higher

    * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Julien Ponthus. Sterling held its ground against the dollar on Wednesday as traders assumed a rise in inflation in March would have little impact on monetary policy and waited for crucial activity and retail sales data due at the end of the week.

  • South Africa's Annual Consumer Price Inflation Rose to 3.2% in March

    JOHANNESBURG--South Africa's consumer price inflation inched up to 3.2% in March from 2.9% in February, Statistics South Africa said Wednesday, rising into the central bank's target range of between 3% and 6% annual inflation after an eight-month low. The increase was largely driven by higher food prices and rising transport costs. Food and beverage prices were up 5.7% compared to last year, while transport costs were up 3.8%.

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