WASHINGTON (Reuters) – The November U.S. budget deficit jumped by $57 billion or 30% from a year earlier to $249 billion, a record for the month, as revenues fell and outlays for education, heal[...]
Read more
Politics
EU could face gas shortage next year, IEA warns
By Kate Abnett BRUSSELS (Reuters) -The European Union has enough gas for the winter but could face a shortage next year if Russia cuts supplies further, the International Energy Agency (IEA) said on M[...]
Read more
Auto lobby slams Swiss plan to curb electric cars in power crunch
ZURICH (Reuters) – The Swiss car importers lobby hit back on Monday at the government’s proposal to limit the use of electric vehicles in any power crunch, saying the mere suggestion could[...]
Read more
Israeli lawmaker tables bill to limit banks raising mortgage rates
By Steven Scheer JERUSALEM (Reuters) – The head of Israel’s powerful parliamentary finance committee submitted a bill on Monday that would limit banks’ ability to raise mortgage rate[...]
Read more
SNB to go for 50bp rate hike on Thursday, but larger move possible: Reuters Poll
By Indradip Ghosh BENGALURU (Reuters) – The Swiss National Bank will hike its policy rate by a smaller 50 basis points on Thursday, as is also expected by the European Central Bank, according a[...]
Read more
Marketmind: 4×50
A look at the day ahead in U.S. and global markets from Mike Dolan. A barrage of major central bank decisions and a critical U.S. consumer price inflation reading this week likely clear the decks in w[...]
Read more
Turkey jobless rate rises ahead of tight election for Erdogan
By Orhan Coskun and Nevzat Devranoglu ANKARA (Reuters) – Turkey’s unemployment rate edged up to 10.2% in October, data showed on Monday, posing a potential challenge to President Tayyip Er[...]
Read more
U.S. inflation will be much lower by end of 2023 – Yellen
By Costas Pitas and Andrea Shalal (Reuters) – U.S. Treasury Secretary Janet Yellen on Sunday forecast a substantial reduction in U.S. inflation in 2023, barring an unexpected shock. “I bel[...]
Read more
Volkswagen’s Skoda considers withdrawing from China – media report
BERLIN (Reuters) – Czech carmaker Skoda Auto, part of Volkswagen, is considering withdrawing from China and will make a final decision next year, CEO Klaus Zellmer was quoted as saying by the we[...]
Read more