Breadcrumb Trail Links PMN Business Author of the article: Reuters Uditha Jayasinghe and Swati Bhat Article content COLOMBO — Sri Lanka’s central bank held rates steady on Thursday and the governor sounded a note of cautious optimism about the damaged economy, saying foreign exchange reserves were on the mend and runaway inflation could peak as early as September. Still, the …

Breadcrumb Trail Links PMN Business Author of the article: Article content BUDAPEST — Most central European currencies eased on Thursday as the dollar firmed to a three-week high, with the Hungarian forint leading losses in the region as it remained pressured by soaring gas prices. The dollar firmed after minutes from the Federal Reserve’s July meeting, published on Wednesday, pointed …

Article content Emerging market stocks and currencies fell on Thursday after minutes of the Federal Reserve’s last meeting signaled more U.S. interest rate hikes, while investors in Turkey’s lira awaited a central bank policy decision. MSCI’s index of emerging market stocks fell 0.6%, set for their worst session in two weeks, while its currencies counterpart was on course for its …

Article content OSLO — Norway’s central bank raised its benchmark interest rate by 50 basis points (bps) on Thursday, as expected by most economists and said it will likely hike again in September after inflation soared well above forecast. Norges Bank’s monetary policy committee raised the sight deposit rate to 1.75% from 1.25%, exceeding its own forecast made in June …

Article content MELBOURNE — Unions at Shell Plc’s Prelude floating liquefied natural gas (FLNG) site off Australia have extended industrial action to Sept. 1 over a long-running pay dispute, the company said on Thursday. Shell shut down the 3.6-million-tonne-a-year site in July and told customers it would be unable to supply LNG cargoes for the duration of work stoppages approved …

Article content LONDON — Gas flows eastbound through the Yamal-Europe pipeline to Poland from Germany rose on Thursday, operator data showed, while flows via Nord Stream 1 from Russia, which has cut the pipeline to 20% of its capacity citing maintenance work, remained steady. Exit flows at the Mallnow metering point on the German border stood at 5,693,614 kilowatt hours …