ISTANBUL, June 23 Reuters The Turkish central bank39;s net international reserves fell to their lowest level in 20 years at 7.38 billion as of June 17, data from the central bank showed on Thursday. The exchange rate used by Reuters on Thursday was 17.2880. The net forex reserves stood at 8.15 billion a week earlier. […]

WASHINGTONLONDONTOKYO, June 23 Reuters Manufacturing growth is slowing worldwide as China39;s COVID19 curbs and Russia39;s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a U.S. recession poses a new threat to the global economy. Gauges of factory activity released Thursday in Japan, Britain, the […]

FRANKFURT, June 23 Reuters The German companies that drive Europe39;s biggest economy are contemplating painful cuts to their output and resorting to polluting forms of energy previously considered unthinkable as they adjust to the prospect of running out of Russian gas. Reduced Russian deliveries have accelerated efforts across German industry to find alternatives to keep […]

May inflation hits 7.7, highest in nearly four decades Bank of Canada expected to hike rates by 75 basis points in July Central bank made 39;serious communications mistake39; ex governor Meeting minutes, transparency could restore credibility economists OTTAWA, June 23 Reuters The Bank of Canada has come under a rare attack from critics after misjudging […]

UK May budget deficit comes in at 14 bln stg Reuters poll had pointed to 12 bln stg Debt interest costs accelerate as inflation rises Sunak says data represent challenge LONDON, June 23 Reuters Surging debt interest costs triggered by the leap in inflation forced the British government to borrow more than expected in May […]