Wholesale Financial News

Ana Claver (pictured) will oversee the wholesale teams and develop strategic plans for the wholesale division in Europe.

U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates

U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates

Labour Department reported on Wednesday that its producer price index — which measures inflation before it hits consumers — climbed 2.2 per cent from a year earlier. That was up from a 2 per cent uptick in August. On a month-to-month basis, producer prices rose 0.5 per cent from August to September, down from 0.7 per cent from July to August.

 Federal Reserve Bank of Chicago President Austan Goolsbee provides insight on the state of the U.S. economy on 'Making Money.'

At Wellington Management, Betzel headed up the firm’s wholesale EMEA business.

South Korea's central bank, the Bank of Korea (BoK), is set to embark on a wholesale central bank digital currency (CBDC) test in collaboration with the Bank for International Settlements (BIS) and other key institutions, the BOK announced on Wednesday.

John Ormesher (pictured) joined from Ardevora Asset Management.

(Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Jain is a senior banking professional with three decades of work experience which includes 23 years in Standard Chartered Bank. He has worked in diverse geographical locations throughout India serving all client segments like Large Local Corporates, Strategic Groups, Middle Market Companies, Supply Chain Finance, Transaction Banking sales, Multinational Corporates, Financial Institutions, and SMEs.

Wholesale inflation declined for the fifth consecutive month in August to 0.52% from 1.4% in July providing further comfort to the Reserve Bank of India to hold rates ahead of the RBI's Monetary Policy Committee in early October, experts said. «With fall in commodity prices driving deflation in core WPI on YoY basis (which implies lower input costs for producers), currently there is limited pressure on consumer prices, resulting in broadly stable CPI core inflation. This is likely to comfort the RBI,» said Rahul Bajoria, head of EM Asia (ex-China) economics, Barclays. RBI last raised policy rates to 6.5% in February and has not instituted a rate hike since.

U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve

U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve

wholesale inflation slowed in August for the eighth straight month, data showed on Wednesday, offering some relief for households and retailers hit by past sharp rises in raw material imports. The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 3.2% in August from a year earlier, matching a median market forecast. It slowed from a revised 3.4% rise in July, and is now off a peak 10.6% year-on-year surge hit in December last year, data by the Bank of Japan (BOJ) showed. «While crude oil prices remain high and yen falls continue, wholesale inflation is slowing… and could post a year-on-year decline in the fourth quarter,» said Toru Suehiro, an economist at Daiwa Securities. «The price declines seen for some goods can't be ignored» as it could affect households' perception of future price moves, he added. Rising wholesale prices, driven by last year's surge in global commodity costs and the weak yen, have pushed up Japan's broader consumer inflation by prodding many firms to charge households more for their goods. While consumer inflation has remained above the BOJ's 2% target for more than a year, the central bank has stressed the need to keep ultra-loose monetary policy until such supply-driven rise in prices is replaced by an increase backed by domestic demand.

BERLIN (Reuters) — German wholesale prices fell for the fifth month in a row in August due to lower prices for mineral oil products, data from the federal statistics office showed on Tuesday.

The FCA argued it is the more appropriate body to remedy the issues of the wholesale data market

Nashik district to protest against the Centre's decision to impose a 40 per cent duty on the export of the kitchen staple. In view of the decision, the onion auctions remained closed at most of the APMCs in the district on Monday, including at Lasalgaon, the largest wholesale onion market in India, sources said. Traders claimed the central government's decision to impose 40 per cent duty on the export of onions till December 31, 2023 will adversely affect the onion growers and its export.

NCCF and NAFED to sell tomatoes at a reduced rate of Rs 50 per kilogram from Tuesday in view of the decline in prices in the wholesale markets. Since July, both NCCF and NAFED have been selling tomatoes at a discounted rate on behalf of the consumer affairs ministry in Delhi-NCR, Uttar Pradesh, Rajasthan and Bihar to boost domestic availability and contain price rise. Initially, the ministry had asked the two cooperatives to sell tomatoes at a subsidised rate of Rs 90 per kg and later reduced the price to Rs 80 per kg.

Investing.com — European stock markets traded in a mixed fashion Monday, as investors digested better-than-expected German inflation numbers as well as persistent concerns about Chinese economic growth.

NEW DELHI (Reuters) -India's wholesale price index fell 1.36% year-on-year in July, but the decline was smaller than expected because of higher prices for food and some commodities.

Wholesale prices in the United States picked up in July yet still suggested that inflationary pressures have eased this year since reaching alarming heights in 2022

Wholesale prices in the United States picked up in July yet still suggested that inflationary pressures have eased this year since reaching alarming heights in 2022