Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Swiss move triggers biggest jump in German bond yields in a decade
By Yoruk Bahceli (Reuters) - Eurozone bond yields surged on Thursday after an unexpected, big rate hike by Switzerland turned focus to the ramifications of the policy shift for the region, but Italian...
Jun 16, 2022
Big Macs still on sale in Russia despite McDonald’s exit
(Reuters) - Big Macs remain on sale at some of McDonald Corp's franchise locations in Russia despite most of its restaurants reopening on Sunday under new branding and ownership. McDonald's sold most ...
Jun 16, 2022
Euro zone finance ministers fail to choose new head of bailout fund
LUXEMBOURG (Reuters) - Euro zone finance ministers decided on Thursday to delay a vote to replace the outgoing head of the bloc's bailout fund as countries remained divided over the successor of retir...
Jun 16, 2022
U.S. housing starts drop to 13-month low in May; building permits fall
WASHINGTON (Reuters) - U.S. homebuilding fell to a 13-month low in May and permits tumbled, suggesting the housing market was cooling as surging mortgage rates reduce affordability for many first-time...
Jun 16, 2022
Philadelphia Fed manufacturing index goes negative for first time in 2 years
(Reuters) - Manufacturing activity in the U.S. mid-Atlantic region weakened unexpectedly in June as new orders dropped to a two-year low and goods producers' near-term outlook sank to the lowest since...
Jun 16, 2022
Crypto volatility knocks more stablecoins off their peg
By Lisa Pauline Mattackal and Medha Singh (Reuters) - Major cryptocurrency volatility has hit stablecoins, typically considered the market's safer-havens, with investors pulling money out of the secto...
Jun 16, 2022
Bank of Israel, BIS, Hong Kong cenbank to test retail CBDC feasibility
By Steven Scheer JERUSALEM (Reuters) - Israel's central bank said on Thursday it was teaming up with the Hong Kong Monetary Authority and the Bank of International Settlements' (BIS) Innovation Lab to...
Jun 16, 2022
Central banks opt for shock and awe to tame inflation
LONDON (Reuters) - The Federal Reserve has just delivered its biggest interest rate rise in over a quarter of a century and even the hitherto dovish Swiss National Bank has taken markets by surprise w...
Jun 16, 2022
Indian economy on path to recovery despite global headwinds, says RBI
MUMBAI (Reuters) - The downside risks to global growth have accentuated the risk of commodity price-driven inflation turning more generalised but despite the global headwinds, India's domestic macroec...
Jun 16, 2022
Analysis-Why us? Italy seeks way out of low-wage economy trap
By Gavin Jones ROME (Reuters) - Diana Parini left her waitressing job at an Italian Alpine resort last month because she was fed up with the pay and conditions: eight euros per hour, of which six were...
Jun 16, 2022
