Joe Biden is on course to issue the first veto of his presidency after two Democratic senators sided with Republican lawmakers in opposing a White House rule that allows fund managers to consider environmental, social and governance factors in their investment decisions. Jon Tester, a… Read Full Article Here FT
Tag: expected
Business activity in the eurozone grew faster than expected in February, strengthening the rebound from last year’s energy crisis and reinforcing calls for the European Central Bank to keep raising interest rates to tackle high inflation. S&P Global’s flash eurozone composite purchasing managers’ index, a measure of activity in manufacturing and services, rose to 52.3 […]
Inflation rebounded in January at the wholesale level, as producer prices rose more than expected to start the year, the Labor Department reported Thursday. The producer price index, a measure of what raw goods fetch on the open market, rose 0.7% for the month, the biggest increase since June. Economists surveyed by Dow Jones had […]
U.S. egg prices jumped by two to three times in January. Fatih Aktas | Anadolu Agency | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? […]
He explained: “Questions around whether the state pension should rise with inflation in what’s known as the ‘triple lock’ were constant last autumn, and now the Government is looking at whether to bring forward the planned rise in state pension age to 68. “In an environment where change is the one constant, it’s easy to […]
Inflation turned higher to start 2023, as rising shelter, gas and fuel prices took their toll on consumers, the Labor Department reported Tuesday. The consumer price index, which measures a broad basket of common goods and services, rose 0.5% for the month, which translated to an annual gain of 6.4%. Economists surveyed by Dow Jones […]
Japan’s prime minister Fumio Kishida has chosen as the next central bank governor Kazuo Ueda, a respected monetary policy expert who has previously warned against an early exit from Japan’s ultra-loose policies, according to local media. The government is set to name the 71-year-old former Bank of Japan board member who teaches economics at Kyoritsu […]
The US labour market is expected to have lost further momentum in the first month of the year, as higher borrowing costs from the Federal Reserve damped demand for new hires. Employers in the world’s largest economy are set to have added 190,000 jobs in January, according to a consensus forecast compiled by Bloomberg, a […]
Hong Kong’s economy suffered a 3.5 per cent contraction last year as the city struggled to preserve its status as Asia’s financial hub, but economists forecast a rebound to growth in 2023. The Chinese territory’s economy shrank 4.2 per cent year on year in the fourth quarter of 2022, according to official government data released […]
Today, hundreds of thousands of workers across the UK will be walking out and going on strike, with teachers, train drivers and university staff also taking part in industrial action. As a result, experts have warned that roads will be extremely busy, with many infrequent drivers forced behind the wheel to get to work. Train […]