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Germany says its borrowing rose in 2022 due to pandemic, Ukraine war

BERLIN (Reuters) – The German government’s net borrowing rose to 115.4 billion euros ($124.5 billion) in 2022 due to the COVID-19 pandemic and the war in Ukraine, but was lower than originally expected, the country’s finance ministry said on Thursday. Last year, government borrowing was at its third-highest level in the history of Germany, following …

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Banks, homebuilders push FTSE 100 higher; U.S. CPI falls

By Shashwat Chauhan and Johann M Cherian (Reuters) -UK’s FTSE 100 closed higher on Thursday with banks and homebuilders among top gainers, while data showing a surprise decline in U.S. inflation cemented hopes of smaller rate increases by the Federal Reserve. The blue-chip FTSE 100 gained 0.9% to hover near more than four-year highs scaled …

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Biden slams House Republicans’ plans on taxes, says they will make inflation worse

By Jeff Mason WASHINGTON (Reuters) -U.S. President Biden criticized House Republicans who have taken control of Congress for backing tax measures that he said would benefit the wealthy at the expense of middle class taxpayers, and make inflation worse. The Republican-controlled House passed a bill Monday night that would slash tens of billions of funding …

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Los datos de inflación de los últimos 3 meses son un “paso en la buena dirección”: Barkin de la Fed

RICHMOND, EEUU, 12 ene (Reuters) – Los recientes datos de inflación han avanzado en la “dirección correcta” y permiten a la Reserva Federal “dirigir más deliberadamente” su batalla para reducir el ritmo de alza de los precios, declaró el jueves el presidente de la Reserva Federal de Richmond, Tom Barkin. “Simplemente tiene sentido dirigir más …

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Barril sube más de un dólar por inflación en EEUU y demanda china

Por Laila Kearney NUEVA YORK, 12 ene (Reuters) -Los precios del petróleo subían más de un dólar el barril el jueves, ampliando las ganancias tras cifras que mostraron que los precios al consumidor en Estados Unidos cayeron inesperadamente en diciembre, y apoyados por el optimismo sobre las perspectivas de la demanda en China. * El …

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New pilot contracts to drive up costs at U.S. airlines

By Aishwarya Nair and Kannaki Deka (Reuters) – U.S. airline profits are set to come under pressure in 2023 as they look to shell out more cash to retain pilots amid worries about the impact of a potential recession on travel demand. Major carriers such as United Airlines Holdings Inc, American Airlines Group Inc, Delta …

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RBC’s City National Bank settles U.S. redlining claims in Los Angeles

By Jonathan Stempel (Reuters) -City National Bank, a unit of Royal Bank of Canada, agreed to commit more than $31 million to boost lending to Black and Hispanic home buyers in the Los Angeles area, in the U.S. Department of Justice’s largest settlement over illegal redlining. Thursday’s settlement was part of Attorney General Merrick Garland’s …

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Italy eyes cut in excise duties as anger grows over fuel prices

By Giuseppe Fonte ROME (Reuters) – Italy may cut excise duties to curb rising fuel prices, its economy minister said on Thursday, in the face of mounting public anger that could pose the first major challenge for nationalist Prime Minister Giorgia Meloni. Meloni swept to power in a resounding election victory in September, which was …

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Bullard de la Fed dice que las tasas más altas permanecerán por un tiempo

12 ene (Reuters) – Las tasas de interés más altas permanecerán durante algún tiempo a medida que la Reserva Federal se asegure que la inflación regrese a la meta del 2%, dijo el jueves el presidente de la Fed de St. Louis, James Bullard. “Realmente nos estamos moviendo hacia una era de tasas nominales más …

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Fed’s Bullard says latest inflation data step in right direction

(Reuters) – The U.S. economy is primed for disinflation this year but the path back to the Federal Reserve’s 2% target will be bumpy and require interest rates to remain higher for longer, St. Louis Fed President James Bullard said on Thursday. “It is encouraging that we got some information today that went in the …

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