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Jul 18, 2014

Inflation in Canada rises to 28-month high in June

OTTAWA/TORONTO, July 18 (Reuters) – Canada’s annual
inflation rate edged up to a 28-month high in June, the second
month in a row it has exceeded the Bank of Canada’s target,
posing a challenge to the central bank’s view that recent
strength in prices is temporary.

Annual inflation rose to 2.4 percent last month, Statistics
Canada said on Friday, the highest rate since the 2.6 percent
seen in February 2012. It also surpassed forecasts for inflation
to hold at May’s 2.3 percent level.

Jul 16, 2014

Inflation surge temporary, ‘neutral’ Bank of Canada says

OTTAWA (Reuters) – Shrugging off a recent surge in inflation as temporary, the Bank of Canada held its key overnight interest rate at 1 percent on Wednesday, as expected, and insisted it could just as easily cut rates as raise them.

In the statement that accompanied the rate decision, the bank, however, did omit language it had used in its June rate statement that said the downside risks to its inflation outlook remain important, an acknowledgement that overall inflation hit 2.3 percent in May and that core inflation was also higher than expected.

Jun 26, 2014

Russia pay the price for lack of discipline, poor play

By David Ljunggren

(Reuters) – Russia were poised to beat Algeria on Thursday and reach the second round of the World Cup for the first time but paid the price for a lack of discipline and sub par performances from key players.

Young striker Alexander Kokorin, under fire for missing an easy header in the previous match against Belgium, started the game and looked to have repaid manager Fabio Capello’s faith with a magnificent header in the sixth minute.

Jun 26, 2014

Soccer-Russia pay the price for lack of discipline, poor play

June 26 (Reuters) – Russia were poised to beat Algeria on Thursday and reach the second round of the World Cup for the first time but paid the price for a lack of discipline and sub par performances from key players.

Young striker Alexander Kokorin, under fire for missing an easy header in the previous match against Belgium, started the game and looked to have repaid manager Fabio Capello’s faith with a magnificent header in the sixth minute.

Jun 25, 2014

We suffered terribly in win over Honduras, says Swiss coach

MANAUS Brazil (Reuters) – Switzerland suffered terribly as they secured a second round spot by beating Honduras 3-0 in the final World Cup Group E match in very sticky conditions, coach Ottmar Hitzfeld said.

The win set up a daunting last-16 game against Argentina on Tuesday but the conditions were extremely difficult with the temperature at kickoff 26 degrees Celsius (79 degrees Fahrenheit) and a humidity of 88 percent.

Jun 25, 2014

Soccer-We suffered terribly in win over Honduras, says Swiss coach

MANAUS, Brazil, June 25 (Reuters) – Switzerland suffered terribly as they secured a second round spot by beating Honduras 3-0 in the final World Cup Group E match in very sticky conditions, coach Ottmar Hitzfeld said.

The win set up a daunting last-16 game against Argentina on Tuesday but the conditions were extremely difficult with the temperature at kickoff 26 degrees Celsius (79 degrees Fahrenheit) and a humidity of 88 percent.

Jun 25, 2014

Brazilian sports minister condemns Suarez

MANAUS Brazil (Reuters) – Brazilian Sports Minister Aldo Rebelo on Wednesday condemned Uruguayan forward Luis Suarez for appearing to bite an Italian opponent, saying “it was very bad” that the incident had taken place. 

FIFA could slap a lengthy ban on Suarez, who seemed to sink his teeth into the shoulder of defender Giorgio Chiellini during the game on Tuesday. Uruguay went on to win 1-0 and qualify from the group and Italy were knocked out. 

Jun 25, 2014

Soccer-Brazilian sports minister condemns Suarez

MANAUS, Brazil, June 25 (Reuters) – Brazilian Sports Minister Aldo Rebelo on Wednesday condemned Uruguayan forward Luis Suarez for appearing to bite an Italian opponent, saying “it was very bad” that the incident had taken place.

FIFA could slap a lengthy ban on Suarez, who seemed to sink his teeth into the shoulder of defender Giorgio Chiellini during the game on Tuesday. Uruguay went on to win 1-0 and qualify from the group and Italy were knocked out.

Jun 25, 2014

Confident Swiss won’t play for draw against Honduras: coach

MANAUS Brazil (Reuters) – Switzerland are confident ahead of their final World Cup Group E game against Honduras on Wednesday and will not settle for the draw that may be good enough for them to advance, coach Ottmar Hitzfeld said on Tuesday.

Switzerland have three points and a draw would see them into the second round as long as leaders France beat Ecuador in the other group game.

Jun 25, 2014

Soccer-Confident Swiss won’t play for draw against Honduras – coach

MANAUS, Brazil, June 24 (Reuters) – Switzerland are confident ahead of their final World Cup Group E game against Honduras on Wednesday and will not settle for the draw that may be good enough for them to advance, coach Ottmar Hitzfeld said on Tuesday.

Switzerland have three points and a draw would see them into the second round as long as leaders France beat Ecuador in the other group game.

    • About David

      "I have been the National Political Correspondent in Canada for Reuters since 1999, focussing on politics, defence (in particular Canada's role in the Afghan War) and the environment. I won the award for Reuters Treasury scoop in 2009 for my work at the G20 summit. From 1995 to 1999 I worked in London, mainly covering foreign affairs, and from 1989 to 1995 I was stationed in Moscow where I covered the collapse of the Soviet Union and the many conflicts this helped trigger."
      Joined Reuters:
      1987
      Languages:
      English, French, Russian
      Awards:
      Treasury scoop of the year 2009
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