Fed's Mester: Some risk longer-term inflation expectations continue to rise

investing.com - There is risk in the United States that businesses and households could see price pressures persisting for a long time and central bankers must act resolutely to bring inflation down, Cleveland Federal Reserve...

Exclusive-India's top cement maker paying for Russian coal in Chinese yuan

investing.com By Sudarshan Varadhan, Aftab Ahmed and Nupur Anand NEW DELHI - India's biggest cement producer, UltraTech Cement, is importing a cargo of Russian coal and paying using Chinese yuan, according to an Indian customs...

India central bank deputy Patra expects inflation to breach 6% for three quarters

investing.com By Aftab Ahmed and Swati Bhat NEW DELHI -India's retail inflation is likely to breach the mandated inflation target band of 2-6% for three straight quarters but is showing indications of peaking, Reserve Bank of...

Monte dei Paschi plans to raise 2.5 billion euros for latest turnaround plan

investing.com By Valentina Za LONDON -Monte dei Paschi di Siena (MPS) said it would tap taxpayers and investors for 2.5 billion euros ($2.6 billion) in cash to fund its latest turnaround efforts as the Italian state-owned bank...

Strikes cripple Britain's railways, unions warn of more to come

investing.com LONDON - Strikes crippled Britain's rail network on Thursday as union bosses, train operating firms and the government faced off over demands that workers' pay increases keep pace with surging inflation. A spike in...

China commerce ministry says the sooner U.S. tariffs are lifted, the sooner consumers will benefit

investing.com BEIJING - China's commerce ministry said the sooner U.S. tariffs on Chinese goods are lifted, the sooner consumers and companies will benefit, ministry spokesperson Shu Jueting told a news conference on...

Marketmind: What purchasing managers are saying

investing.com A look at the day ahead in markets from Sujata Rao Indexes based on the views of purchasing managers, essentially the folks who buy products for companies, give a comprehensive indication of the state of an economy....

Exclusive: India aims to keep FY2023 fiscal deficit at last year's level

investing.com By Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI - India's government won't be able to cut its budget deficit in the current fiscal year as previously projected, officials said, but will seek to cap the shortfall at...

Exclusive-India's Tata Steel bought 75,000 tonnes of Russian coal in May

investing.com By Sudarshan Varadhan and Aftab Ahmed NEW DELHI -India's top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks...

Yellowstone National Park to partly reopen after rare closure forced by floods

investing.com By Kanishka Singh - Yellowstone National Park will partly reopen on Wednesday after record flooding and rockslides following a burst of heavy rains that led the park to be closed for the first time in 34 years. The...

Brazil police arrest third suspect in murder of British journalist and indigenous expert

investing.com BRASILIA -Brazilian federal police on Saturday said they had arrested a third suspect in the murder of British journalist Dom Phillips and indigenous expert Bruno Pereira in the Amazon (NASDAQ:AMZN) rainforest...

India will start enrolment under new military recruitment plan this month

investing.com By Aftab Ahmed NEW DELHI - Enrolment under India's new armed services recruitment plan will commence this month, top defence officials said on Sunday, despite protests against a scheme that will drastically cut...