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...The central government purchasing office this month also said limited purchases of Intel- and AMD-powered computers could continue, provided departments “comply with relevant management procedures”....
...At the same time, we see a notable loosening of financial conditions because markets are aggressively pricing the central banks’ pivot....
...The flash composite purchasing managers’ index for the eurozone, tracked by policymakers as an early gauge of economic fortunes, rose to an 11-month high of 51.4 in April, up from 50.3 a month earlier....
...Economists polled by Reuters predict the UK’s composite purchasing managers’ index to come in at 52.7, a slight decline from last month’s reading of 52.8. Stephanie Stacey...
...According to a company filing, Norway’s central bank’s investment branch is interested in purchasing shares for up to $100mn at the IPO price....
...The European Central Bank’s newest board member has warned against an “excessive focus” on waiting for slower wage growth before it starts cutting interest rates....
...The government also asked state-owned companies to refrain from purchasing the dollar in large amounts. Other central banks in the region have signalled that they were prepared to take action....
...Events: India’s central bank announces its decision on interest rates....
...Our expert Chris Giles has much to say about this, and other central bank matters, in his excellent newsletter. Sign up here to get this sent to your inbox every Tuesday....
...There was a time not long ago when central bankers liked to say it was too early even to think about cutting rates....
...Pakistan holds a Senate election and Asean finance ministers and central bank governors meet in Luang Prabang, Laos....
...But the central Chinese city might now be on the cusp of global recognition for a different reason: boasting the world’s biggest fleet of cars that drive themselves....
...The increase in deals has been partly spurred by an anticipation of rate cuts from central banks, which investors think could come as early as June....
...Despite market pressure on central banks to cut rates, “I would need to wait to see more evidence that inflation wasn’t as entrenched as we may fear before I would be willing to vote [for a cut],” she said...
...Panetta dismissed fears that rapid wage growth — as workers try to recover the purchasing power they lost in the biggest surge of the cost of living for a generation — could cause a major rebound in inflation...
...If wages rise faster than the ECB predicts as workers seek to regain their lost purchasing power, that could keep inflation at 3 per cent this year and 2.5 per cent next year, Lagarde warned....
...According to the US military’s central command (Centcom), the anti-ship ballistic missile that hit the vessel was launched at 11.30am local time on Wednesday....
...The central bank has raised interest rates by an unprecedented 4.5 percentage points since July 2022....
...The purchasing managers’ index survey of output prices has also been strongly tracking US inflation, and implies easing pressures ahead....
...And Chinese investors are taking cues from their own central banks’ purchases....
...S&P Global’s flash eurozone composite purchasing managers’ index, which measures businesses’ activity across the bloc, rose to a nine-month high of 49.9, up from 49.2 a month earlier....
...Polish central bank chief Adam Glapiński told the FT he was seeking a truce with Prime Minister Donald Tusk after an increasingly bitter feud....
...Central banks: Huw Pill, chief economist at the Bank of England, gives a speech at Cardiff University Business School....
...by users have been symptomatic of the Silicon Valley giant’s fumbled efforts over the past year to seize the lead in the use of generative AI — a technology that, by general agreement, Google played a central...
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