UK inflation falls to 2.5%, core price measures slow by more
LONDON (Reuters) -British inflation unexpectedly slowed to an annual rate of 2.5% in December from 2.6% in November and core measures of inflation watched closely by the Bank of England fell more sharply, official figures showed on Wednesday. Economists polled…
Column-Restive bonds still have a balance sheet backstop: Mike Dolan
By Mike Dolan LONDON (Reuters) – There’s always the balance sheet. Battered bond markets are frantically repricing government borrowing costs to levels not seen for decades, raising fears that these ructions may undermine broader markets and even economies. The fundamental…
Japan finance minister flags action against excessive foreign exchange movement
TOKYO (Reuters) -Japan Finance Minister Katsunobu Kato on Wednesday reiterated that the government would take appropriate action against excessive movement on the foreign exchange market, as the yen has seen high volatility ahead of a key monetary policy meeting. “As…
Japan’s Makino Milling requests changes to unsolicited bid from Nidec
TOKYO (Reuters) – Japanese machine tool manufacturer Makino Milling Machine said on Wednesday that it asked Nidec to make changes to an unsolicited takeover bid announced last month. Makino said in a statement it asked Nidec to push back the…
Morning bid: Inflation duo takes centre stage
A look at the day ahead in European and global markets from Stella Qiu Bond investors may have drawn some comfort from the benign miss in U.S. producer price data but a duo of CPI reports from Britain and the…
Biggest IKEA retailer to invest $1 billion in recycling firms
By Helen Reid LONDON (Reuters) – The investment arm of Ingka Group, the biggest global IKEA retailer, said it will invest 1 billion euros ($1.03 billion) into recycling companies as it aims to better manage the waste created when IKEA…