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Czech prime minister sees some continuity at central bank board amid changes

PRAGUE, May 16 (Reuters) - Czech Prime Minister Petr Fiala said on Monday he expected to see some continuity at the Czech National Bank with the next nominations to the board due to be filled by the end of June and markets stirred with prospects of an end to sharp interest rate hikes. President Milos Zeman last week appointed a staunch opponent of

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Wall Street mixed as energy rallies and Tesla tumbles

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Energy index leads as oil rallies * Spirit Airlines surges after JetBlue launches hostile takeover * Indexes: Dow +0.60%, S&P 500 +0.20%, Nasdaq -0.41% (Updates with details on afternoon trade) By Amruta Khandekar and Noel Randewich May 16
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Czech prime minister sees some continuity at central bank board amid changes

PRAGUE, May 16 (Reuters) - Czech Prime Minister Petr Fiala said on Monday he expected to see some continuity at the Czech National Bank with the next nominations to the board due to be filled by the end of June and markets stirred with prospects of an end to sharp interest rate hikes. President Milos Zeman last week appointed a staunch opponent of

BPER, Nexi extend further talks on retailers' payment business

MILAN, May 16 (Reuters) - BPER Banca EMII.MI said on Monday it had granted payments group NEXI NEXII.MI a further extension of exclusive talks over the sale of the Italian bank's retailers' payment business. BPER Banca, Italy's fifth-largest bank, in February received a non-binding offer from NEXI for the business, which one source had earlier said
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EU has not yet found agreement on oil embargo against Russia, Borrell says

BRUSSELS, May 16 (Reuters) - The European Union has not yet found agreement on a sixth package of sanctions against Russia, its top diplomat Josep Borrell said after a meeting of the bloc's foreign ministers in Brussels on Monday. "Unhappily, it has not been possible to reach an agreement today," Borrell told reporters. He said foreign ministers ha

Colombia's economy grew 8.5% in Q1, beating expectations

BOGOTA, May 16 (Reuters) - Colombia's economy grew 8.5% in the first quarter of 2022 compared with the year-earlier period, the government said on Monday, though analysts have warned inflationary pressures could temper growth later in the year. The result was above median predictions in a Reuters poll last week, which forecast the Andean country's

Bahrain state oil firm to appoint financial adviser, CEO says

(Updates with details, quotes) By Yousef Saba MANAMA, May 16 (Reuters) - Bahrain's state oil firm nogaholding is in final talks to appoint a strategy consultant and financial adviser, its chief executive said on Monday, as the indebted country seeks to capitalise on high energy prices and sell or lease out assets. Nogaholding, the parent of Bahrain
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Sterling steadies as BoE's Bailey says inflation is 'bad situation'

By Joice Alves LONDON, May 16 (Reuters) - Sterling steadied on Monday after Bank of England Governor Andrew Bailey said the current inflation surge was the central bank's biggest challenge since it gained independence in 1997. In a choppy day, sterling had fallen both against the U.S. dollar and the euro as weak Chinese economic data added pressure
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Brazil's central bank director not ruling out more rate hikes beyond June

By Marcela Ayres BRASILIA, May 16 (Reuters) - Brazil's central bank Monetary Policy Director Bruno Serra indicated on Monday that policymakers have not ruled out further interest rate hikes beyond June, saying "time will tell". The remarks come amid market discussions on the need for an even stricter monetary tightening cycle at a moment when infla

Wall Street falls as growth stocks, glum China data weigh

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Apple, Tesla biggest drag on S&P 500 and Nasdaq * Spirit Airlines surges after JetBlue launches hostile takeover * Indexes off: Dow 0.03%, S&P 0.29%, Nasdaq 0.85% By Amruta Khandekar May 16 (Reuters) - Wall Street's main indexes fell on Mo
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Polish c.banker Kotecki says there is room for more rate hikes

WARSAW, May 16 (Reuters) - Poland's Monetary Policy Council (MPC) should keep raising interest rates, central banker Ludwik Kotecki said on Monday, as he predicted inflation could rise by a further two or three percentage points. "The is room for further hikes," Kotecki told private broadcaster RMF FM. Reporting by Alan Charlish and Anna Wlodarczak

South Africa's rand falls amid growth concerns, power cuts

JOHANNESBURG, May 16 (Reuters) - The South African rand weakened on Monday amid subdued risk-taking as investors sought safety due to fears about global growth, while power cuts on the domestic front clouded the economic growth outlook. At 1525 GMT, the rand ZAR= traded at 16.2046 against the dollar, around 0.32% weaker than its previous close. Inv
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Wheat importers in Asia scramble for supplies after Indian export ban

By Michael Hogan and Maytaal Angel HAMBURG/LONDON, May 16 (Reuters) - Wheat importers in Asia were scrambling to find new sources of supply on Monday after India banned exports of the grain at the weekend in a bid to keep a lid on soaring domestic prices, trade sources told Reuters. Importers, especially those in Asia, were banking on wheat from In
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Yields slip, stocks struggle as economic fears grow

* Graphic: Global asset performance Link * Graphic: World FX rates Link By Herbert Lash NEW YORK, May 16 (Reuters) - American and European equity markets wobbled and U.S. Treasury yields fell on Monday after unexpectedly weak economic data from China and a big slide in New York state's factory activity painted a bleak picture for economic growth ac
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Gold ticks up as dip in U.S. yields loosens dollar's grip

* Dollar holds near 20-year high against peers * Palladium likely to move back into deficit - Johnson Matthey * Palladium rises over 3% (Updates prices) By Ashitha Shivaprasad May 16 (Reuters) - Gold rose slightly on Monday as a retreat in U.S. Treasury yields offset headwinds from a relatively firm dollar, which, along with looming interest rate h
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Mexico's peso edges up on likelihood of more rate hikes

* MSCI Latam stocks rise 1.3%, currencies up 0.5% * Mexico's peso edges higher on interest rate hike bets * Chile's peso gains 0.3% as copper prices climb * Colombia GDP data due at 1200 EST/0400 GMT; peso jumps By Anisha Sircar and Bansari Mayur Kamdar May 16 (Reuters) - Mexico's peso inched higher on Monday as central bankers hinted at more inter
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EU clarifies how companies can legally pay for Russian gas

By Kate Abnett BRUSSELS, May 16 (Reuters) - The European Commission has confirmed how European Union companies can pay for Russian gas without breaching the bloc's sanctions against Russia, in updated guidance on the issue seen by Reuters. The Commission told countries last month that European companies may be able to pay for Russian gas without br

Dollar slips from 2-decade highs; yuan falls on weak China data

By Sinéad Carew NEW YORK, May 16 (Reuters) - The U.S. dollar was down slightly on Monday after hitting a 20-year peak last week, with the global economy in focus after the Chinese yuan came under pressure following weak data. Creating a risk-off mood on Monday, China's retail and factory activity fell sharply in April as extensive COVID-19 lockdow
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"Time will tell", says Brazil's central bank director on future rate hike

BRASILIA, May 16 (Reuters) - Brazil's central bank Monetary Policy Director Bruno Serra said on Monday that policymakers have already signaled a likely interest rate hike in June, and that from now on "time will tell". Speaking at a conference hosted by Goldman Sachs, he stated that maintaining high interest rates for a longer period is a "proper"

BoE faces historic test but not to blame for inflation, Bailey says

* Bailey: inflation is biggest test for BoE in 25 years * Governor pushes back at criticism of BoE for inflation surge * UK inflation set to hit 10% later this year * High inflation, weak demand "very difficult" for BoE - Bailey * Food prices are major worry along with energy (Updates with end of hearing) By David Milliken and Farouq Suleiman LONDO

Biden sends top-tier team to UAE with eye on frayed ties

(Updates with Harris departure) By Humeyra Pamuk ABU DHABI, May 16 (Reuters) - President Joe Biden sent a high-powered U.S. delegation to the United Arab Emirates on Monday to offer condolences after the death of its ruler, in an apparent bid to repair frayed ties with Gulf Arab allies. Washington's desire to improve relations with Gulf monarchies



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