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Oil Holds Steady in Thin Trading Ahead of Key OPEC+ Meeting

(Bloomberg) -- Oil held steady as trading thinned during the US Thanksgiving holiday, with the market looking ahead to an upcoming OPEC+ meeting that has been delayed until Dec. 5. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasWest Texas Intermediate was little changed below $69 a barrel in a choppy session, while global benchmark Brent traded abov

Banxico Members Float Bigger Key Rate Cuts on Inflation Outlook

(Bloomberg) -- Mexico’s central bank signaled willingness to consider bigger interest rate cuts without setting a specific time-frame for doing so, as closely-watched core inflation continues to slow.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier Seas“Considering the current levels of core inflation and the expectation that it will continue declining, a

RBA’s Bullock Says Inflation Too High to Consider Rate Cuts

(Bloomberg) -- Australia’s core inflation is “too high” to consider interest-rate cuts in the near term, Reserve Bank Governor Michele Bullock said, reiterating that there’s still some way to go before prices return sustainably to target.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier Seas“The word ‘sustainably’ is important because it recognizes that we

Spanish Inflation Jumps to Most Since August on Base Effects

(Bloomberg) -- Spanish inflation quickened to the fastest pace since August, though the acceleration was driven by base effects and is unlikely to scupper plans for the European Central Bank to continue lowering interest rates.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasConsumer prices advanced 2.4% from a year ago in November, according to natio

Turkey Said to See Fewer Lira Interventions as Inflation Slows

(Bloomberg) -- A senior Turkish central banker told international investors this week that authorities expect to intervene less in the foreign-exchange market over time, according to people familiar with the discussions.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn meetings in London, Deputy Governor Cevdet Akcay said he expects improving inflat