Vulnerable US homeowners face uncertainty as mortgage interest deduction ends

A real estate sign advertising a home “under contract” is pictured in Vienna, Virginia, outside Washington, Oct. 20, 2014. REUTERS/Larry Downing Oct. 15 (Reuters) – Nearly half a million low-income homeowners in the United States, many of them minorities, are nearing the end of the mortgage interest deduction schemes that allowed them to stop making … Read more

China’s coal prices hit record highs, early winter chilly cold adds to energy problems

Fishermen sail a boat past a power plant of the State Development and Investment Corporation (SDIC) outside Tianjin, China, October 14, 2021. REUTERS/Thomas Peter Chinese coal price reaches record high Power reform comes into effect Cold winds from the north blow through central and eastern China China’s Met Office predicts sharp temperature drops BEIJING, Oct. … Read more

Price squeeze: world economy caught in perfect storm

British chicken king says 20 years of cheap food is over IEA says energy crisis could threaten economic recovery Cold keeps coal prices high in China, power outage continues Biden targets bottlenecks threatening vacation sales LONDON/TOKYO, Oct. 14 (Reuters) – From beef bowls in Tokyo to chicken breast rolls in London, consumers are beginning to … Read more

British chicken king says 20-year binge on cheap food is over

Shelves of fresh chicken in a supermarket as global coronavirus cases continue to grow, in London, UK, March 15, 2020. REUTERS/Henry Nicholls Food price inflation will reach double digits Costs are skyrocketing – says the chicken king The problems are global – says the finance minister: There will be plenty of goods – says finmin … Read more

Turkey’s Erdogan revises monetary policy committee, lira reaches record low

Three members of the MPC were dismissed, two new ones were appointed Lira reaches a new record low of 9.19 against the dollar Erdogan has fired three governors within 2-1 / 2 years ISTANBUL, October 14 (Reuters) – Turkish President Tayyip Erdogan fired members of three central bank monetary policy committees (MPCs) on Thursday, appointing … Read more

Food, rents drive US consumer inflation in September

Shoppers browse a grocery store while wearing masks to slow the spread of the coronavirus disease (COVID-19) in northern St. Louis, Missouri, U.S. April 4, 2020. Photo taken April 4, 2020. REUTERS/Lawrence Bryant Consumer price index rises by 0.4% in September Food, rent account for more than half of the increase Core CPI gains 0.2%; … Read more

US stock futures lead Asia lower, dollar gains on yen

People wearing protective masks amid the coronavirus disease (COVID-19) outbreak are reflected on an electronic board displaying Japanese stock prices outside a brokerage in Tokyo, Japan, Oct. 5, 2021. REUTERS/Kim Kyung-Hoon Asian stock markets: US stock futures dip as earnings season approaches Oil leads energy complex higher, increases inflation risk Dollar reaches highest point on … Read more

New Zealand raises tariffs for the first time in seven years, more to follow

Pedestrians walk near the main entrance to the Reserve Bank of New Zealand in downtown Wellington, New Zealand, July 3, 2017. REUTERS/David Gray/File Photo WELLINGTON, Oct. 6 (Reuters) – New Zealand’s central bank raised interest rates for the first time in seven years on Wednesday and signaled further tightening as it appears to overcome inflationary … Read more

US service activity inches ahead; trade deficit jumps to record high

Sea containers are seen in the port of Bayonne, New Jersey, US, Aug. 21, 2021. REUTERS/Andrew Kelly/Files Service sector activity picks up in September Trade deficit rises 4.2% to $73.3 billion in August Imports are up 1.4%; export gains 0.5% WASHINGTON, Oct. 5 (Reuters) – US service sector activity picked up in September, but growth … Read more

OPEC+ sticks to plan for gradual increase in oil production, price roars higher

A 3D printed oil pump jack can be seen in front of a displayed OPEC logo in this illustration photo, April 14, 2020. REUTERS/Dado Ruvic The oil price will have risen by more than 50% in 2021 Demand has bounced back, supply struggled to keep up US official calls oil market ‘worrying’ OPEC+ wary of … Read more