Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Paul Hannon"


25 mentions found


This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/to-fight-stickier-inflation-governments-take-aim-at-corporate-profits-7095528f
Persons: Dow Jones
Germany Is Dragging Down Europe’s Economy
  + stars: | 2023-06-23 | by ( Paul Hannon | Tom Fairless | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/germany-is-dragging-down-europes-economy-bd44ffa3
Persons: Dow Jones Locations: germany
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/central-bank-action-finally-cooling-global-economy-data-indicate-c6da0776
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/bank-of-england-interest-rates-fb6332a6
Persons: Dow Jones Locations: england
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/why-inflation-around-the-world-just-wont-go-away-94552e39
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/inflation-drags-eurozone-economy-into-recession-b6ff6158
Persons: Dow Jones
Inflation Drags Eurozone Economy Into Recession
  + stars: | 2023-06-08 | by ( Paul Hannon | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/inflation-drags-eurozone-economy-into-recession-b6ff6158
Persons: Dow Jones
Moscow is continuing to acquire Western goods to keep its economy afloat and its war machine running. Photo: Yegor Aleyev/Zuma PressBERLIN—A group of former Soviet republics has emerged as a major transshipment hub for U.S. and European computer chips, lasers and other products with civilian and military uses headed for Russia, according to Western officials and data compiled by The Wall Street Journal. U.S. and European Union exports of sensitive, so-called dual-use goods to countries in Russia’s neighborhood rose sharply in 2022. So did these countries’ shipments of these products to Russia, often by a similar multiple, an analysis of United Nations trade data shows.
Why Is Inflation So Sticky? It Could Be Corporate Profits
  + stars: | 2023-05-02 | by ( Paul Hannon | ) www.wsj.com   time to read: 1 min
Inflation has proved more stubborn than central banks bargained for when prices started surging two years ago. Now some economists think they know why: Businesses are using a rare opportunity to boost their profit margins. Figures released Tuesday by the European Union’s statistics agency showed consumer prices in the eurozone were 7.0% higher than a year earlier in April, a pickup from March and more than three times the European Central Bank’s target. However, the core rate of inflation—which excludes food and energy prices—edged down to 5.6% in April from a record high of 5.7% in March.
Europe’s Economy Barely Avoids Recession
  + stars: | 2023-04-28 | by ( Paul Hannon | ) www.wsj.com   time to read: 1 min
Europe’s return to modest growth coincides with a pickup in China and a slowdown in the U.S. Photo: Nicolas Leblanc/Bloomberg NewsEurope’s economy skirted a recession at the start of the year, underlining the continent’s surprising resilience despite Russia’s war on Ukraine, signs of banking strains, and repeated interest-rate increases to combat stubbornly high inflation. The bloc’s return to modest growth coincides with a first-quarter pickup in China and a slowdown in the U.S. Taken together, these numbers suggest the global economy likely bounced back from a trough late last year, although headwinds from a restrictive monetary policy could put a lid on the revival.
Europe’s Economy Avoids Recession—Just About
  + stars: | 2023-04-28 | by ( Paul Hannon | ) www.wsj.com   time to read: 1 min
Europe’s return to modest growth coincides with a pickup in China and a slowdown in the U.S. Photo: Nicolas Leblanc/Bloomberg NewsEurope’s economy skirted a recession at the start of the year, underlining the continent’s surprising resilience despite Russia’s war on Ukraine, signs of banking strains, and repeated interest-rate increases to combat stubbornly high inflation. The bloc’s return to modest growth coincides with a first-quarter pickup in China and a slowdown in the U.S. Taken together, these numbers suggest the global economy likely bounced back from a trough late last year, although headwinds from a restrictive monetary policy could put a lid on the revival.
Ricardo Hausmann, a former Venezuelan official, leads a group of Harvard economists proposing ways to further degrade Russia’s economy. Photo: Christopher Goodney/Bloomberg NewsIn response to Russia’s invasion of Ukraine, Western nations have targeted Moscow with the biggest coordinated package of economic restrictions ever levied against a major economy, including sanctions, export controls, asset freezes and energy price caps. Many of those measures, though, have proven less costly so far to Russia than some economists had expected and many officials in Washington and Brussels had hoped. Some Russian officials, meanwhile, had braced for more economic damage from the sanctions barrage by now.
Surveys suggest the European Central Bank is on course to raise its key interest rate in May. Photo: KAI PFAFFENBACH/REUTERSU.S. and European business activity rose in April at the fastest pace in about a year, a boost for the global economy but a potentially complicating factor for central banks working to reduce high inflation. Demand for services drove the growth, according to surveys by data firm S&P Global covering U.S., eurozone and U.K. businesses. That kept pressure on price increases in regions where inflation last year reached its highest level in decades.
Higher prices for energy, food and other goods and services have weakened household spending in the U.K. Photo: Chris Ratcliffe/Bloomberg NewsLONDON—The U.K.’s annual rate of inflation was higher than expected in March and remained in double digits, a level of persistent price increases that could mean further hikes in interest rates in the coming months despite a weak economy. March consumer prices were 10.1% higher than a year earlier, a decline in the inflation rate from 10.4% in February, the U.K.’s statistics agency said Wednesday. That rate was higher than expected, with economists having forecast a drop to 9.8%. The core rate of inflation, which excludes volatile items such as energy and food, was unchanged at 6.2%.
Food makes up the largest share of households’ budgets in most countries. Energy prices are falling back more than a year on from Russia’s invasion of Ukraine. But the other big cost of the war for households around the world continues to rise: food. In 12 months through March, prices of food, alcohol and tobacco were up 15.4% in the eurozone, while energy prices were down 0.9%. Food prices were up 10.2% in the U.S. in the 12 months through February, well ahead of energy at 5.2%.
Eurozone Core Inflation Hits Record High
  + stars: | 2023-03-31 | by ( Paul Hannon | ) www.wsj.com   time to read: 1 min
Core inflation in the eurozone hit a record in March, a setback for central bankers whose rapid interest-rate rises have exacerbated financial sector strains and caused pains in part of the bloc’s economy. The fresh data increases the likelihood that the European Central Bank will raise its key rate again in May. It could also encourage other policy makers to explore alternative ways to cool prices rises, by targeting excessive profiteering by companies or inflationary wage increases.
Large parts of the global economy continue to show signs of a modest rebound after a sharp slowdown at the end of last year, but the improved outlook is threatened by stubbornly high inflation and banking strains in the U.S. and Europe. Business surveys published Friday recorded pickups in activity across Europe that were almost entirely driven by services providers, while Japan saw a similar acceleration that was aided by the arrival of tourists from China after the lifting of Covid-19 restrictions.
The Swiss National Bank increased its key interest rate by a half-percentage point. Switzerland’s central bank raised its key interest rate Thursday and said the country’s bank crisis had ended, the latest sign that policy makers are determined to press down on inflation despite strains in the banking system. The Swiss National Bank increased its key interest rate by a half-percentage point to 1.5%, a move economists had expected before the banking strains that started in the U.S. spread to Switzerland. The central bank also indicated that it may again raise its key rate later this year.
Bank of England Lifts Rates by Quarter Point, Following Fed
  + stars: | 2023-03-23 | by ( Paul Hannon | ) www.wsj.com   time to read: 1 min
LONDON—The Bank of England raised its key interest rate by a quarter percentage point Thursday, a fresh sign that policy makers around the world are determined to press down on inflation despite strains in the banking system. The central bank had previously indicated that it might pause a series of rate increases that dates back to December 2021, but an unexpected pickup in inflation during February helped persuade policy makers that another increase in borrowing costs was needed to cool price rises.
Bank of England Lifts Key Rate by Quarter Percentage Point
  + stars: | 2023-03-23 | by ( Paul Hannon | ) www.wsj.com   time to read: 1 min
The Bank of England in London. LONDON—The Bank of England raised its key interest rate by a quarter percentage point Thursday, a fresh sign that policy makers around the world are determined to press down on inflation despite strains in the banking system. The central bank had previously indicated that it might pause a series of rate increases that dates back to December 2021, but an unexpected pickup in inflation during February helped persuade policy makers that another increase in borrowing costs was needed to cool prices rises.
Bank of England Lifts Key Rate
  + stars: | 2023-03-23 | by ( Paul Hannon | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/swiss-central-bank-lifts-key-rate-declares-end-to-bank-crisis-55f8dff2
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-k-inflation-resumes-its-rise-defying-expectations-b23e6aa0
The Premier League returned to a full schedule of games after a halt for the World Cup. The U.K. economy returned to growth in January, boosted by a busy schedule of English Premier League soccer games after a pause for the World Cup. The U.K.’s statistics agency said that economic output was 0.3% higher in January than in December, having fallen by 0.5% then. Economists surveyed by The Wall Street Journal last week had expected a rise of 0.1%.
The global economy is showing vigor despite rising borrowing costs and elevated energy and food prices, a sign that central banks may need longer than anticipated to bring inflation under control. Data from the U.S., China and Europe have shown surprising vitality in these regions’ economies since the start of 2023, confounding predictions from the World Bank and other economists that the global economy was set for one of its weakest years in recent decades.
Eurozone Inflation Eases, but Core Measure Hits Record High
  + stars: | 2023-03-02 | by ( Paul Hannon | ) www.wsj.com   time to read: 1 min
Eurozone inflation eased in February for the fourth straight month, but a strong pickup in services prices makes it likely that the European Central Bank will continue to raise interest rates in coming months. Despite the overall easing in price rises, inflation accelerated in many of the eurozone’s largest members—including Germany, France and Spain—underlines how difficult a task central bankers face in bringing it back under control. Strikes and labor unrest across the region are pushing wages higher, something that makes inflation stickier.
Total: 25