TORONTO (Reuters) – Canadian home sales rose 1.3% in December from November and were down 39.1% on an annual basis, data from the Canadian Real Estate Association showed on Monday. The industry group’s Home Price Index fell 1.6% on the month and was down 7.5% annually, while the national average selling price was down 12% …
BRUSSELS (Reuters) – The European Union might escape the steep economic recession some had predicted several months ago, when energy prices were sky-rocketing, but that does not mean the area is out of the woods yet, EU trade commissioner Valdis Dombrovskis said on Monday. “Clearly, we are seeing some positive signs and for example (the) …
EU’s Dombrovskis: Some positive economic signs but must remain vigilant Read More »
(Reuters) -Morgan Stanley cut its 2023 year-end forecast for the dollar index to 98, and expects the greenback’s weakness to be more pronounced against the euro this year as worries about the severity of an economic downturn start to ease. They previously saw the index, which weighs the U.S. currency against a basket of six …
By Darya Korsunskaya (Reuters) – Russia’s attempts to plug its budget deficit by selling foreign currency reserves could lead to a vicious circle that pushes the rouble higher and further reduces the Kremlin’s crucial export revenues, analysts say. Russia’s finance ministry and central bank said last week they would restart interventions in foreign exchange markets …
Analysis-Russia’s falling oil revenues could create vicious circle for budget, rouble Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft is likely to receive an EU antitrust warning about its $69 billion bid for “Call of Duty” maker Activision Blizzard, people familiar with the matter said, that could pose another challenge to completing the deal. The European Commission is readying a charge sheet known as a statement …
Microsoft faces EU antitrust warning over Activision deal – sources Read More »
By Huw Jones LONDON (Reuters) – Banning commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s capital market and limit choice for consumers, Germany’s finance minister Christian Lindner has said. EU financial services chief Mairead McGuinness set out last month a detailed case in favour of …
Germany joins battle against EU ban on financial product commission Read More »
BRUSSELS (Reuters) – The European Commission aims for EU countries to start jointly buying gas “well before summer”, European Commission Vice-President Maros Sefcovic said on Monday, an attempt to help countries refill storage and avoid a supply crunch next winter. Following a first meeting of European Union country representatives to coordinate the planned purchases, Sefcovic …
EU Commission wants first joint purchases of gas by summer Read More »
WASHINGTON (Reuters) – House of Representatives Speaker Kevin McCarthy said on Sunday he believes Democrats would agree to cap government spending to avoid a U.S. debt default and he wants to discuss the idea with President Joe Biden. Republicans now in control of the House have threatened to use the debt ceiling as leverage to …
House Speaker says Democrats should cap spending to avoid U.S. debt default Read More »
By Mark John (Reuters) – Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions among low-income households. The Edelman Trust Barometer, which for over two decades has polled the attitudes of thousands of people, …
Household wealth optimism collapses, global survey shows Read More »
By Bansari Mayur Kamdar (Reuters) – European shares inched up on Monday as gains in healthcare stocks helped the benchmark index extend its sharp rally thus far into the new year, while UK’s FTSE 100 hovered close to a record high. The pan-European STOXX 600 gained 0.1% in early trading, boosted by a 0.8% rise …
European shares edge up on pharma boost, UK’s FTSE 100 nears record-high Read More »
