Staff meets in Helsinki to discuss new framework Some favour not remunerating mandatory reserves Several options for changing corridor Floor system likely to persist SINTRA, Portugal, June 26 Reuters Senior European Central Bank staff are meeting in Helsinki this week to work on a new framework for steering shortterm borrowing costs, another step towards ending […]

OTTAWA, June 27 Reuters Canada39;s annual inflation rate came in at 3.4 in May, its slowest pace in two years, data showed on Tuesday, weakening the case for another hike next month. Analysts polled by Reuters had expected annual inflation to drop to 3.4 from 4.4 in April. Month over month, the consumer price index […]

State banks sell dollars for yuan market sources PBOC fixes onshore band firmer than expected Yuan bounces, pulls stocks and Asian currencies along SHANGHAIBEIJING, June 27 Reuters China set a strongerthanexpected trading band for its currency on Tuesday and state banks sold dollars against the yuan, market sources said, in the strongest sign yet the […]

LONDON, June 27 Reuters Britain39;s biggest supermarkets denied profiteering from food inflation or acting as a cartel when questioned about grocery prices by lawmakers on Tuesday. The UK retail market is the most competitive market, Asda39;s chief commercial officer Kris Comerford said when asked if the large players acted as a cartel. Asked about a […]