Page 13 - M Fe News Today

Chinese growth and corporate earnings in the United States and Europe, including results from the big-hitting FAANGs, will give markets plenty to digest in the week ahead, while Turkey's central bank is set to meet after another midnight reshuffle.

A surge in price growth in eastern Europe has opened a rift between central banks that have launched rate hikes to battle inflation and populist governments trying to defend a strong economic recovery.

The head of Ukraine's state energy company Naftogaz on Monday said Russia was trying to blackmail Europe into certifying its Nord Stream 2 pipeline by keeping natural gas supplies lower.

Australia risks losing its advantage in the green energy revolution if its leaders don't promptly commit to cutting carbon emissions by 2050, the country's richest man, Fortescue Metals Group founder Andrew Forrest said on Monday.

The Organization for Security and Cooperation on Europe has suspended its monitoring mission in eastern Ukraine following protests near its headquarters in separatist-controlled Donetsk, the chief monitor said on Sunday.

China will continue its scrutiny of the internet sector, rooting out practices including the blocking of site links by rival platforms and ensuring smaller players have room to develop, its industry minister said in an interview published on Sunday.

Police in Democratic Republic of Congo used tear gas to break up clashes between supporters of the president and an opposition leader on Saturday, as lawmakers selected a new head of the electoral commission.

China's President Xi Jinping warned against government over-promising on social welfare amid a push to achieve "common prosperity" by mid-century, while demanding progress on a long-awaited property tax that could help reduce wealth gaps.

Japan's economy likely grew at a slower pace than previously expected last quarter and faces ongoing risks from soaring raw material prices and coronavirus-linked production and supply disruptions, a Reuters poll of economists showed on Friday.

China's energy crisis deepened on Friday with coal prices hitting a record high as cold weather sweeps in and soaring gas prices prompting major energy companies to seek long-term deals with U.S. suppliers, sources told Reuters.