By Vivek Mishra BENGALURU (Reuters) – New Zealand’s house prices are forecast to fall more than previously thought this year and next with a peak-to-trough slump of 18% as aggressive inter[...]
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Economy
Gucci’s creative director Michele to step down – Kering
By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) -Creative director Alessandro Michele is leaving French luxury goods company Kering’s star label Gucci after seven years, Kering confirmed on[...]
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‘Substantial majority’ of Fed officials see slowdown in rate hikes ‘soon’
By Howard Schneider WASHINGTON (Reuters) -A “substantial majority” of policymakers at the Federal Reserve’s meeting early this month agreed it would “likely soon be appropriate[...]
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Oil slides over 3% on Russian price cap talks, U.S. gasoline build
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices fell more than 3% on Wednesday, continuing a streak of volatile trading, as the Group of Seven (G7) nations considered a price cap on Russian[...]
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Colombian Congress approves royalties budget for 2023-2024
BOGOTA (Reuters) – Colombia’s Congress on Wednesday approved a budget for investing billions of dollars in royalties from hydrocarbons and mineral exploitation. The 31.3 trillion peso ($6.[...]
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At November Fed meeting, officials flagged market resilience amid volatile conditions
By Michael S. Derby NEW YORK (Reuters) – When Federal Reserve officials met at the start of the month to weigh another rate increase, some of them were thinking about what the central bank might[...]
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Dollar down as Fed minutes, U.S. data weighs
By Saqib Iqbal Ahmed and John McCrank NEW YORK (Reuters) – The U.S. dollar fell across the board on Wednesday, after minutes from the Federal Reserve’s November meeting showed that most po[...]
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Kering confirms departure of Gucci creative director Alessandro Michele
PARIS (Reuters) – French luxury goods company Kering confirmed on Wednesday the departure of Gucci creative director Alessandro Michele. “There are times when paths part ways because of th[...]
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U.S. weekly jobless claims at 3-month high; equipment spending resilient
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits increased to a three-month high last week amid rising layoffs in the technology sector, bu[...]
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