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[l] at 2/27/24 3:00pm
Britains code of good practice for asset managers will undergo a root-and-branch review to aid economic growth and international competitiveness, its compiler said on Tuesday, in a move that could see pay of top executives bumped up. The code sets out how asset managers should engage with companies over how they are run to improve ...

[Category: World Economy News]

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[l] at 2/27/24 3:00pm
Frances consumer confidence dipped in February from the previous month as inflation worries weighed again, the INSEE statistics body said on Tuesday, while analysts were expecting an improvement. INSEE said its consumer confidence index stood at 89 points, down from an unrevised figure of 91 points for January and below a 92-point forecast among analysts ...

[Category: World Economy News]

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[l] at 2/27/24 3:00pm
Japans core consumer inflation slowed for a third straight month in January but beat forecasts and held at the central banks 2% target, keeping alive expectations it will end negative interest rates by April. The 2.0% gain in the core consumer prices index (CPI) was slower than the 2.3% increase in December, internal affairs and ...

[Category: World Economy News]

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[l] at 2/27/24 3:00pm
German consumer sentiment is expected to stabilize at a low level in March as households are confronted with great uncertainty due to constantly rising prices and a weaker outlook for Europes largest economy, a survey showed on Tuesday. The consumer sentiment index published jointly by GfK and the Nuremberg Institute for Market Decisions (NIM) rose ...

[Category: World Economy News]

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[l] at 2/27/24 3:00pm
Group of 20 finance leaders are expected to make a passing reference to regional conflicts in assessing global economic risks, according to a draft version of the communique seen by Reuters, due to deep divisions over wars in Gaza and Ukraine. The draft communique, far shorter than previous years as host nation Brazil works tosidestep ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 2/27/24 3:00pm
Orders for long-lasting U.S. manufactured goods fell by the most in nearly four years in January amid a sharp drop in bookings for commercial aircraft, while the outlook for business investment on equipment was mixed. The report from the Commerce Department on Tuesday added to a series of data this month, including retail sales, housing ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 2/27/24 3:00pm
Ministers from across the globe are convening at the World Trade Organization (WTO) Ministerial Conference in Abu Dhabi from Feb. 26-29 to try to set new rules for global commerce, including reforming its dispute system and cutting fishing subsidies. Expectations for the biennial meeting are modest amid growing disregard for trade rules as the nearly ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 2/27/24 3:00pm
U.S. annual home prices rose again in December, although housing price growth slowed during the fourth quarter of 2023 from the prior three-month period. Home prices grew 6.6% on a yearly basis from an upwardly revised 6.7% in November, a survey released by the Federal Housing Finance Agency (FHFA) showed on Tuesday. The slight decrease ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 2/27/24 3:00pm
A hawkish Federal Reserve is narrowing the window on trades that some U.S. regional banks have been hoping to use to reduce their commercial real estate exposure, investors, analysts and lawyers said. Banks, particularly small regional and community banks, have looked to trim their outsized exposure to CRE on rising default risks after a post-pandemic ...

[Category: World Economy News]

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[l] at 2/27/24 3:00pm
British grocery prices rose this month at their lowest rate since March 2022, as supermarket promotions picked up after a post-Christmas slowdown, industry data showed on Tuesday. Market researcher Kantar said annual grocery price inflation was 5.3% in the four weeks to Feb. 18, down 1.5 percentage points from the previous four-week period. Consumers have ...

[Category: World Economy News]

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[l] at 2/27/24 3:00pm
Bank of England Deputy Governor Dave Ramsden said on Tuesday that inflation pressures remained too high and he wanted more evidence that they were easing before considering a cut in interest rates. Services inflation was a key indicator to watch alongside wage growth and tightness in the labour market, Ramsden said in a question-and-answer session ...

[Category: World Economy News]

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[l] at 2/27/24 11:00am
U.S. consumer confidence retreated in February after three straight monthly increases as households worried about the labor market and the domestic political environment. The Conference Board said on Tuesday that its consumer confidence index slipped to 106.7 this month from a downwardly revised 110.9 in January.Economists polled by Reuters had forecast the index little changed ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 2/27/24 11:00am
Trade ministers from around the world gathered in Abu Dhabi on Monday for a World Trade Organization meeting that aims to set new global commerce rules, but its chief Ngozi Okonjo-Iweala and delegates sought to curb expectations. The almost 30-year-old global watchdog, whose rules underpin 75% of global commerce, tries to strike deals by consensus, ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 2/27/24 11:00am
China remains a crucial trading partner for most countries worldwide despite so-called decoupling from China, CNBC reported Monday, citing the Asian Development Bank (ADB). Chinas still probably the number one trading partner for the majority of countries in the world, ADB Chief Economist Albert Park told CNBC. While it might be true for certain goods ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 2/27/24 11:00am
U.S. Treasury Secretary Janet Yellen said on Tuesday it was necessary and urgent to find ways to unlock the value of $285 billion in immobilized Russian sovereign assets to aid Ukraine, saying it would incentivize Moscow to negotiate a just peace in the war. Washington and its Group of Seven allies have been at odds ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 2/27/24 7:00am
The chiefs of four of the world’s leading corporations stressed on Thursday, during the first day of the Future Investment Initiative Miami Summit, that while artificial intelligence has the potential to drive higher investment and economic growth across the world despite the current slowdown, it can cause significant harm if not regulated at the right ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 2/27/24 7:00am
A European Union plan to impose tariffs on high-carbon imports could hurt developing countries in Asia but is unlikely to lead to big reductions in greenhouse gas emissions, the Asian Development Bank (ADB) said in a report published on Monday. The Carbon Border Adjustment Mechanism (CBAM) was introduced to address concerns that the outsourcing of ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 2/26/24 3:00pm
Indias economic growth likely moderated to 6.6% year-on-year in the October to December quarter as robust government spending slowed and growth in the agriculture sector remained muted, a Reuters poll showed. Strong capital expenditure by the Indian government ahead of a national election due in May was a primary driver of growth in the previous ...

[Category: World Economy News]

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[l] at 2/26/24 3:00pm
According to the Central Economic Work Conference held in December, China will further ramp up efforts this year to drive its consumption revival from the effects of the COVID-19 pandemic, thus boosting the economy. Against such a backdrop, the country needs to form a virtuous cycle in which consumption and investment promote each other. It ...

[Category: World Economy News]

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[l] at 2/26/24 3:00pm
China firmly opposes the decisions of Britain, the European Union and the United States to impose sanctions on its companies for Russia-related reasons, its commerce ministry said on Monday. On Friday, the Biden administration announced new trade curbs on 93 entities from Russia, China, Turkey, the United Arab Emirates, Kyrgyzstan, India and South Korea for ...

[Category: World Economy News]

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[l] at 2/26/24 3:00pm
Sentiment among German exporters improved in February, although only a few sectors expected exports to increase, according to a survey by the Ifo economic institute released on Monday. The institutes export expectations indicator rose to minus 7.0 points in February, from minus 8.5 points in January. The German export industry is currently hardly benefiting from ...

[Category: World Economy News]

As of 2/28/24 4:53am. Last new 2/27/24 4:13pm.

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