Trump has begun another trade war. Here's a timeline of how we got here
Canada's leader laments lost friendship with US in town that sheltered stranded Americans after 9/11
Chinese EV giant BYD's fourth-quarter profit leaps 73%
You're an American in another land? Prepare to talk about the why and how of Trump 2.0
Chalk talk: Star power, top teams and No. 5 seeds headline the women's March Madness Sweet 16
Purdue returns to Sweet 16 with 76-62 win over McNeese in March Madness
Economy|Finance|Political|Stock Markets|US
Powell says there's no rush to ease more given strong economy
The U.S.
February 11, 2025inflation
Business|Economy|Finance|Political|US
Fed's Hammack sees need to hold rates steady for some time
Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday the need to get inflation back to target will keep monetary policy on pause for now.
February 11, 2025
Business|Economy|Europe|Finance
Bank of England's Mann says no to 'cut, cut, cut' on rates
Bank of England policymaker Catherine Mann said on Tuesday that her unexpected vote for a half percentage-point cut in interest rates last week did not mean she
February 11, 2025
Business|Economy|MidEast|Political|US
Too early to see impact of US tariffs on world economy, IMF head says
U.S. tariffs are an "evolving story" and it is too early to assess their impact on the world economy, International Monetary Fund Managing Director Kristalina Georgieva said on
February 11, 2025
Business|Economy|Finance|Political|World
Russia's budget deficit jumps 14-fold in January
Russia's fiscal deficit jumped 14-fold in January due to a 73.6% increase in spending at the start of the year, reaching 1.7 trillion roubles ($17.73 billion) or 0.8% of national
February 11, 2025
Asia|Economy|Election|Political|World
Bangladesh opposition says government aims to hold polls by December
Bangladesh is working towards holding general elections by December, the party of former Prime Minister Khaleda Zia said after some of its officials held a meeting with Muhammad
February 11, 2025
Business|Economy|Europe|Finance|Political
Bank of England's Mann sees consumer pricing near target in year ahead, FT reports
Bank of England policymaker Catherine Mann said companies will struggle to raise prices this year as consumers are hit by job losses and spending softens, the Financial Times reported on
February 11, 2025
Business|Economy|Finance|Political|US
Fed hawks and doves: what US central bankers are saying
U.S. central bankers paused interest-rate cuts at their January 28-29 meeting, noting bumpy progress toward their 2% inflation goal, a still-strong labor market, and a lot of uncertainty
January 15, 2025
Americas|Business|Economy|Political|US
An unwanted double: US sales fall for American whiskeys as threats of a trade war heat up
Like a watered-down drink, domestic sales for American whiskeys were unsatisfying in 2024 as inflation reined in consumer spending on some distilled spirits
February 11, 2025
Business|Economy|US
What’s propping up inflation? Blame housing
What’s propping up inflation? Blame housing
February 11, 2025
Australia|Business|Economy|Finance
Australian consumers stay cautious in February, survey says
Australian consumer sentiment remained in the doldrums in February, a survey showed on Tuesday, failing to benefit from slowing inflation or speculation about an imminent cut in
February 10, 2025
Business|Economy|Europe
UK retailers enjoy 'solid' start to 2025, BRC says
British retailers reported a reasonable start to 2025 after a disappointing 2024 but are concerned about rises in employment costs in April and broader inflation
February 11, 2025
Business|Economy|Finance|Political|US
Fed to wait for months on next rate cut as tariffs risk inflation flare up- Reuters poll
Faced with the threat of rising inflation, the U.S.
February 11, 2025
Australia|Business|Economy|Finance
Australia business confidence improves even as conditions slacken, survey says
A measure of Australian business activity eased in January as sales and profits softened, a survey showed on Tuesday, though confidence got a boost amid hopes for a near-term
February 11, 2025
Economy|Finance|Political|US
NY Fed finds mostly stable inflation expectations in January
By Michael S.
February 10, 2025
Africa|Economy|Finance|MidEast
Egypt annual inflation rate inches down to 24% in January
Egypt's annual urban consumer price inflation rate inched down to 24% year-on-year in January from 24.1% in December, data from statistics agency CAPMAS showed on Monday.
February 10, 2025
Americas|Business|Economy|Finance|Stock Markets
Labor, inflation to weigh on gold miners' results
Higher labor costs and sticky inflation could continue to weigh on gold miners' profits going into 2025, analysts said, but soaring prices of the yellow metal should still
February 10, 2025
Business|Economy|Finance|Political|US
Gold bulls lock in on glittering milestone; $3,000/oz in sight
U.S.
February 10, 2025
Economy|Finance|Political|World
Russian central bank expected to keep benchmark rate on hold on Feb 14: Reuters poll
The Russian central bank is expected to keep its benchmark interest rate on hold at a board meeting on February 14 but is likely to use more hawkish language
February 10, 2025
Economy|Finance|MidEast
Israel statistics bureau lowers food weighting, raises housing in CPI basket
Israel's main government data supplier said on Monday it was adjusting its inflation basket by boosting the weighting of housing, telecommunications and transportation, while
February 10, 2025
Americas|Business|Economy|Finance
Bank of Mexico's governor says inflation fight enters new phase
Mexico's inflationary environment is expected to allow policymakers to keep cutting the benchmark interest rate, the head of the Bank of Mexico told Reuters
February 10, 2025
Economy|MidEast|Political|US|World
Iran currency plunges to record lows amid escalating U.S. tensions
Iran's currency fell on Saturday to a new all-time low against the U.S. dollar after the country's supreme leader rejected talks with the United States and President Donald Trump
February 08, 2025
Economy|Finance|Political|Stock Markets|US
Fed officials see healthy jobs market, no rate-cut rush
Federal Reserve officials on Friday said the U.S. job market is solid and noted the lack of clarity over how President Donald Trump's policies will affect economic growth and
February 07, 2025
Business|Economy|Finance|Political|US
Fed's Kashkari sees policy rate 'modestly lower' at end-2025
Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said fresh data published Friday shows the labor market is strong, and if inflation continues to cool, the U.S. central
February 07, 2025
Economy|Political|US
Americans, including Republicans, now fear higher inflation this year
Americans, including Republicans, now fear higher inflation this year
February 07, 2025
Business|Economy|Europe|Finance
Stronger wage growth justifies caution on rates, says BoE's Pill
Bank of England Chief Economist Huw Pill said on Friday that an expected rise in inflation this year would probably not lead to second-round price
February 07, 2025
Business|Economy|Political|World
High inflation is key challenge for Russia's economy, prime minister tells Putin
High inflation is the key challenge for the Russian economy in 2025, while the economic growth rate is expected to fall from 4.1% recorded last
February 07, 2025
Americas|Economy|Finance
Mexico inflation slows in January as central bank steps up rate cuts
Mexico's annual inflation rate slowed slightly more than expected in January, official data showed on Friday, after the central bank accelerated the pace of its interest rate
February 07, 2025
Economy|Finance|MidEast|World
Turkish central bank says rate cuts 'not on autopilot', lifts inflation forecast
Turkey's central bank governor Fatih Karahan said on Friday the bank is "not on autopilot" after two straight interest rate cuts and its
February 07, 2025
Asia|Business|Economy|Finance|Stock Markets
India cuts rates for first time in nearly 5 years to boost growth as inflation eases
The Reserve Bank of India (RBI) cut its key interest rate for the first time in nearly five years on Friday, as it seeks to boost the sluggish
February 07, 2025
Business|Economy|Europe|Fashion and Beauty|Political
Britain's struggling low-income shoppers challenge growth agenda
Deb Taylor emerged empty-handed from her branch of budget fashion retailer Primark in Southampton, southern England,
February 07, 2025
Business|Economy|Europe|Finance
Bank of England halves UK growth projection and cuts main interest rate to 4.50%
The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate for the third time in six months
February 06, 2025
Business|Economy|Finance|Political|US
Boston Fed maps out inflation response to Trump trade tariffs
By Michael S.
February 06, 2025
Economy|Finance|US
Dallas Fed's Logan signals rate cuts require US labor market cooling
(Rueters) - Dallas Federal Reserve Bank President Lorie Logan on Thursday signaled she was ready to keep interest rates on hold for "quite some time" even if inflation drops closer to the Fed's 2%
February 06, 2025
Americas|Economy|Political
Argentina analysts more upbeat on 2025 inflation, economic growth
Argentine analysts nudged down their forecasts for this year's inflation, according to the central bank's market expectations survey published on Thursday, while also turning slightly more
February 06, 2025
Asia|Business|Economy
BOJ's fresh take on labour crunch opens door for more rate hikes
The Bank of Japan is increasingly blaming chronic labour shortages, not stagnant demand, as the main reason for its weak economic activity, a justification it may use
February 06, 2025
Business|Entertainment|Finance|Stock Markets|Technology
Take-Two forecasts downbeat Q4 bookings, reiterates 'GTA VI' launch in fall
Take-Two Interactive Software forecast its fourth-quarter bookings below estimates on Thursday, owing to weaker spending on mobile games as consumers grapple with
February 06, 2025
Business|Economy|Finance|Political|US
US bond market lukewarm on Bessent's 10-year yield pledge
U.S.
February 06, 2025
Business|Economy|Finance|US
Goolsbee: Fed in solid place for eventual cuts though uncertainty means a slower approach
A full-employment economy with solid growth and falling inflation will let the U.S.
February 06, 2025
Americas|Economy|Food|Political
Brazil's Lula voices concern about food prices but sees inflation 'under control'
Brazilian President Luiz Inacio Lula da Silva said on Thursday that he is "worried" about high food prices in the country, but projected price growth would slow going forward and
February 06, 2025
Africa|Economy|Finance
Zimbabwe central bank keeps policy rate at 35%
Zimbabwe's central bank said on Thursday that its monetary policy rate had been kept unchanged at 35%.
February 06, 2025
Business|Economy|Europe
UK firms trim wage growth expectations, BoE survey shows
British companies' expectations for wage growth fell marginally in January and expectations for employment growth also declined in part due to a looming increase in payroll taxes, a
February 06, 2025
Americas|Business|Economy|Finance
Mexico headline inflation likely fell again January: Reuters poll
Mexico's annual inflation rate likely slid to its lowest level in four years in January, a Reuters poll of analysts predicted on Thursday, boosting bets the central bank will
February 06, 2025
Business|Economy|Europe|Finance|Political
Bank of England cuts rates and growth outlook, sees inflation 'bump'
The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would
February 06, 2025
Americas|Business|Economy|Finance|Political
Brazil's finance minister sees inflation above target until June
Brazil's finance minister expects inflation to "surprise positively" this year as the central bank tightens its monetary policy, but acknowledged in an interview aired late on
February 06, 2025
Business|Economy|Europe|Finance|Stock Markets
Focus swings back to rate moves, company earnings
A look at the day ahead in European and global markets from Rae Wee Investors in Europe will wake up to an action-packed Thursday spanning a rate decision from the Bank of England (BoE) and a flurry
February 06, 2025
Business|Economy|Europe|Finance
Reuters interview with ECB board member Cipollone
The following is the transcript of Reuters interview with ECB board member Piero Cipollone. For a main interview story, click here.
February 06, 2025
Business|Economy|Europe|Political
Europe could be a big loser in US-China trade war, ECB warns
European Central Bank interest rates have room to fall further as inflation moderates, ECB board member Piero Cipollone said, warning that
February 06, 2025
Business|Economy|Europe|Finance|Political
Bank of England poised to cut rates but inflation worries linger
The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it
February 06, 2025
Business|Economy|Europe|Finance
Czech central bank cuts key interest rate to 3.75% as inflation stays higher than expected
The Czech Republic’s central bank has cut its key interest rate again amid higher than expected inflation
February 06, 2025
Asia|Business|Economy
Hawkish BOJ policymaker urges raising rates to at least 1%
The Bank of Japan must raise interest rates to at least 1% by the second half of the fiscal year beginning in April, hawkish board member
February 06, 2025
Economy|Finance|Political|US
Fed's Jefferson: In no rush to reduce level of policy restraint
U.S.
February 06, 2025
Business|Economy|Political|US
Fed's Goolsbee warns of potential inflationary impact of tariffs
Chicago Federal Reserve President Austan Goolsbee warned on Wednesday that ignoring the potential inflationary impact of tariffs would be a mistake, citing the COVID-19 pandemic experience
February 05, 2025
Business|Economy|Finance|Political|US
Fed officials note abundance of uncertainty in Trump's policy moves
Federal Reserve officials on Wednesday pointed to the large policy uncertainty around tariffs and other issues arising from the early days of
February 05, 2025
Americas|Business|Economy|Finance
Mexico's central bank will likely bring interest rate down to 9.5%: Reuters poll
Mexico's central bank will likely cut its benchmark interest rate by 50 basis points later this week, taking it to 9.50%, a Reuters poll showed on Wednesday, as inflation cools
February 05, 2025
Business|Economy|Europe|Finance|Political
ECB's Centeno hopes key interest rate will drop to 2% sooner, not later
The European Central bank may need to cut interest rates below a neutral level to stimulate economic growth as inflation is at risk of falling
February 05, 2025
Economy|Election|Europe|Political
Hungary's shaky economy disrupts Orban's re-election playbook
Hungarian Prime Minister Viktor Orban's hopes that a strong economy will propel his Fidesz party to another election victory in 2026 are being challenged by a
February 05, 2025
Business|Economy|Europe
UK services firms speed up job cuts but price pressures strong, PMI shows
British services firms lost momentum last month as a looming rise in employer taxes led to the fastest job cuts in four years but price pressures remained strong, according to a
February 05, 2025
Business|Economy|Finance|Political|US
Morgan Stanley revises Fed rate cut forecast amid tariff uncertainty
Morgan Stanley joined Barclays and Macquarie in forecasting a single 25 basis point interest rate cut by the U.S.
February 05, 2025
Africa|Business|Economy|Finance
Kenya private sector activity expands weakly in January, PMI shows
Kenya's private sector activity expanded for a fourth straight month in January but only modestly and at a slower pace than in December, a survey showed on Wednesday.
February 05, 2025
Business|Economy|Europe
Russian services sector sees fastest growth in a year, PMI shows
Russia's services sector saw its fastest growth in a year in January, buoyed by a sharp increase in new business, a survey showed on Wednesday.
February 05, 2025
Asia|Business|Economy
BOJ keeps up rate-hike signal as wages rise
The Bank of Japan will continue to raise interest rates if underlying inflation accelerates toward its 2% target as projected, a senior central bank official said on
February 05, 2025
Asia|Business|Economy|Finance
Philippine central bank to take 'measured approach' in easing as inflation steadies
The Philippine central bank will take a "measured approach" in easing policy rates, it said on Wednesday, as annual inflation held steady at 2.9% in January,
February 05, 2025
Asia|Business|Economy
Japan inflation-adjusted wages rise in December on jump in bonuses
Japan's December inflation-adjusted real wages rose 0.6% year-on-year thanks to a wintertime bonus bump, preliminary government data showed on Wednesday, with government officials
February 04, 2025
Business|Economy|Finance|US
Fed's Jefferson: Rates likely to fall over medium term
The Federal Reserve can continue cutting interest rates at least "over the medium term," Fed Vice Chair Philip Jefferson said on Tuesday, reiterating the U.S. central
February 05, 2025
Americas|Business|Economy|Finance
Brazil 2025 public debt seen rising by double-digits, rate-linked bonds soar
Brazil's Treasury on Tuesday estimated that federal public debt will rise up to 16% this year, as bonds linked to the benchmark interest rate potentially exceed
February 04, 2025
Business|Economy|Political|US
Trump’s tariff tactics carry higher economic risks than during his first term
When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade
February 04, 2025
Business|Economy|Finance|Political|Stock Markets|US
Investors on guard as US tariff threats evolve
Investors are seeking to protect portfolios from the potential economic fallout from President Donald Trump's tariff plans even as many on
February 04, 2025
Business|Economy|Finance|US
US job openings fall to 7.6 million in December, suggesting the job market is slowing but healthy
U.S. job openings fell in December, a sign that the labor market is cooling but remains healthy
February 04, 2025
Asia|Business|Economy|Political|US
TARIFF ON CHINESE IMPORTS START AND EU COULD BE NEXT (4aET)
China's retaliating against US tariffs that started today, as Europe braces for a potential trade showdown with Trump next.
February 04, 2025
Business|Economy|Political|Technology|US
What will get more expensive now that Trump imposed his tariffs
What will get more expensive now that Trump imposed his tariffs
February 04, 2025
Americas|Business|Economy
Brazil's central bank sees economic cooling as key, flags fiscal and FX risks
Brazil's central bank on Tuesday stressed that cooling economic activity is crucial for bringing inflation to target, while labeling the unanchoring of inflation
February 04, 2025
Economy|Europe|Finance|Health|Political
Poland needs to cut spending and raise taxes, OECD says
Poland's higher social, health and defence spending requires sustained fiscal adjustment to reduce the budget deficit and avoid excess demand, the Organisation for Economic Co-
February 04, 2025
Africa|Business|Economy|Political
Nigeria union suspends planned protest over telecom tariff, enters talks with government
Nigeria's largest labour union has suspended a planned nationwide protest against a 50% hike in telecommunications tariffs and will negotiate with the government to
February 04, 2025
Economy|Europe|Finance|Political|US
Central bank body urges policy revamps to heed COVID lessons
Central bank body the Bank for International Settlements has urged the likes of the Federal Reserve and European Central Bank to revamp the way they approach interest
February 03, 2025
Business|Economy|Political|US
Fed officials see inflation risks from Trump's tariffs
By Michael S.
February 03, 2025
Asia|Business|Economy|Finance|Political|Stock Markets|US
Trump's trade war salvo heightens market turbulence
Financial markets that had banked on avoiding trade wars are recalibrating the possibility of
February 03, 2025
Americas|Economy|Finance|Political
Brazil inflation to ease further this year, Lula tells Congress
Inflation in Brazil is expected to ease further this year and near the mid-point of the central bank's 3% target by mid-2026, President Luiz Inacio Lula da Silva said in a
February 03, 2025
Business|Economy|Finance|Political|Stock Markets|US
PIMCO focuses on Trump's market-tuned policy tweaks amid inflation risks
U.S.
February 03, 2025
Business|Economy|Finance|Political|World
Trump's tariffs raise fears Brazil's central bank is out of step on inflation
Brazilian analysts say the tariffs announced by U.S.
February 03, 2025
Business|Economy|Finance|Political|Stock Markets|US
Wall Street rattled by back-and-forth over Trump’s tariffs
Wall Street rattled by back-and-forth over Trump’s tariffs
February 03, 2025
Economy|Health|MidEast
Health payment changes to drive Turkish inflation higher in Feb, economists say
A recent change in Turkey's health regulations is expected to add 0.6 percentage points to inflation in February and push annual inflation up by 1.5 percentage points, economists
February 03, 2025
Business|Economy|Europe|Political|US
Reactions to Trump's steep tariffs on Mexico, Canada and China
European leaders were bracing for U.S. tariffs after sweeping levies imposed by U.S.
February 03, 2025
Business|Economy|Europe
UK factory activity contracts for fourth straight month in January, PMI shows
British factories reported another tough month in January as output, new orders and employment all fell, with companies hit by higher costs even before payroll
February 03, 2025
Economy|Finance|Political|Stock Markets|US
Americans have high hopes for Trump's economy, Gallup poll shows
Americans are more bullish on the U.S. economy and the stock market and more hopeful about falling inflation and borrowing costs than they have been in a decade or more, including in the
February 03, 2025
Economy|Europe|Finance
ECB 'not quite there' with rate cuts but cautious flexibility needed, Kazimir says
European Central Bank interest rates have room to fall further given weak growth and a slowdown in inflation, but uncertainty is so high that any more precise guidance on rates
February 03, 2025
Business|Economy|Europe|MidEast
Turkey's manufacturing sector contracts further in January, PMI shows
Turkey's manufacturing sector contracted at a sharper pace in January as output, new orders, and employment all fell, a business survey showed on Monday.
February 03, 2025
Business|Economy|Education|Finance|Health|MidEast
Turkish inflation rate up at 5.03% in January after price adjustments
Turkey's monthly inflation rate climbed more than expected to 5.03% in January due to a minimum wage hike and several new-year price updates while annual inflation fell to 42.12%,
February 03, 2025
Business|Economy|Finance|MidEast|World
Turkey monthly inflation to accelerate in January, annual rate seen slowing to 41.25%
Turkey's monthly inflation rate is expected to rise sharply to 4.35% in January, driven by an annual hike in the minimum wage and various new year price adjustments, while the
January 29, 2025
Asia|Business|Economy|Political
South Korea factory activity expands as output grows on overseas demand, PMI shows
South Korea's factory activity expanded marginally in January, with production rising for the first time in five months on robust overseas demand, a private-sector
February 03, 2025
Business|Economy|Political|US
Trump says Americans could feel 'some pain' from tariffs as he threatens more import taxes
President Donald Trump says Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China
February 02, 2025
Business|Economy|Finance|Political|Stock Markets|US
Wall Street girds for market impact of Trump tariffs
Global markets buckled up for a turbulent session on Monday after U.S.
February 02, 2025
Business|Economy|Political|US
US businesses brace for Trump's tariffs on Canada, Mexico and China to drive up costs
From an ice cream parlor in California to a medical supply business in North Carolina to a T-shirt vendor outside Detroit, U.S. businesses are bracing to take a hit from the taxes President Donald Trump has imposed on imports from Canada, Mexico and China, America’s three biggest trading partners
February 02, 2025
Business|Economy|Political|US
Trump’s tariffs are a $1.4 trillion gamble with the economy and prices
Trump’s tariffs are a $1.4 trillion gamble with the economy and prices
February 02, 2025
Business|Economy|Europe|Political
French PM urges ECB to cut rates to boost growth
French Prime Minister Francois Bayrou urged the European Central Bank to cut rates faster to help bolster economic growth in Europe now that inflation is back to normal levels,
February 01, 2025
Business|Economy|Food|Lifestyle|Sports
Winging it for the Super Bowl? Broccoli might be a cheaper party snack this year
The cost of hosting a Super Bowl party is expected to barely budge this year, with an average increase of about 10 cents from the previous year
February 01, 2025
Business|Economy|Finance|Stock Markets|US
Traders bet Fed's next rate cut will wait until June
Traders on Friday kept bets that the Federal Reserve will wait until June to resume interest rate cuts, after government data showed inflation by the U.S. central bank's targeted measure
January 31, 2025
Asia|Business|Economy|Finance|Political
Modi turns to India's vast middle class to revive growth in rough global year
India slashed personal tax rates in its annual budget on Saturday, as the world's fifth largest economy focuses on
February 01, 2025
Business|Economy|Finance|Political|Stock Markets|US
Looming tariffs worry Wall Street over earnings hit, inflation pressure
Investors are bracing for a looming hit to U.S. corporate profits and pressure on inflation if President Donald Trump makes
January 31, 2025
Business|Economy|Food|Political|US
Trump tariffs to stoke US food inflation despite pledge to lower costs
U.S. consumers grappling with soaring prices for beef and eggs will face even higher costs for meat, vegetables and fruit if President
January 31, 2025
Americas|Business|Economy|Finance|Political
Colombia central bank holds benchmark interest rate at 9.50% in surprise move
Colombia's central bank held the benchmark interest rate at 9.50% on Friday, surprising the market, which expected policymakers to vote for a
January 31, 2025
Business|Economy|Finance|Political|US
Fed officials wait for clarity on Trump policies
Two Federal Reserve officials seen as representing contrasting sides of the policy spectrum said on Friday they'll be watching the impact of
January 31, 2025
Business|Economy|Finance|Political|US
Fed's Goolsbee comforted by latest inflation data, worried about tariffs
Chicago Federal Reserve President Austan Goolsbee said inflation data released on Friday was a bit better than expected and gives him comfort that inflation is on path to the 2% target,
January 31, 2025
Business|Economy|Finance|Stock Markets|US
Instant View: US Dec PCE inflation uptick supports Fed hold
U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year.
January 31, 2025
Economy|Finance|US
The Fed’s go-to inflation gauge heated up again
The Fed’s go-to inflation gauge heated up again
January 31, 2025
Economy|Finance|Political|Stock Markets|US
Financial conditions undercut Fed's 'restrictive' view: McGeever
U.S. interest rate cycles are driven largely by how restrictive or accommodative the Federal Reserve thinks monetary policy is.
January 31, 2025
Asia|Business|Economy|Finance
Who are the BOJ's doves and hawks?
The fading shadow of reflationists in the Bank of Japan, and the latest addition to the board of an academic favouring an end to ultra-low interest rates, will likely
March 18, 2024
Asia|Business|Economy|Finance
Japan set for first household spending increase in five months- Reuters poll
Japan is expected to report its first year-on-year increase in household spending in five months, a Reuters poll showed on Friday, although the rise appears to be marginal,
January 31, 2025
Asia|Business|Economy|Finance|Technology
BOJ expects rising inflation to spur demand for new financial services
Japan needs to promote digitalisation as rising inflation and interest rates will increase demand for new financial services from households, a Bank of Japan executive said on Friday
January 31, 2025
Asia|Economy|Food|Lifestyle
Homegrown veg, cheap substitutes: Japanese get creative to fight soaring food prices
Japanese homemaker Kirina Mochizuki has always considered "okonomiyaki" savoury pancakes the ultimate comfort food: simple, satisfying and cheap.
January 31, 2025
Asia|Business|Economy
Core inflation in Japan's capital hits 1-year high, keeps BOJ rate-hike bets alive
Core inflation in Japan's capital hit 2.5%, marking the fastest annual pace in nearly a year, well exceeding the central bank's 2% target and keeping alive market
January 30, 2025
Americas|Business|Economy
Argentina central bank cuts interest rate to 29%, from 32%
Argentina's central bank cut its benchmark interest rate by 300 basis points to settle at 29%, it announced in a statement on Thursday, as inflation continues its downward path
January 30, 2025
Asia|Business|Economy|Finance
Bank of Japan board reshuffle to bring it closer to 'normal' central banking
The fading shadow of reflationists in the Bank of Japan, and the latest addition to the board of an academic favouring an end to ultra-low interest rates, will likely
January 30, 2025
Business|Economy|Finance|US
Caterpillar warns of sales drop in 2025 on weak equipment demand
Caterpillar warned of a slight sales drop in 2025, as dealers scale back purchase of equipment due to weak demand driven by high borrowing costs and persistent inflation,
January 30, 2025
Americas|Business|Economy|Finance|Political
Argentina markets brace for rate cut as peso 'crawling peg' slows
Traders and analysts expect Argentina's central bank to lower its benchmark interest rate as soon as Thursday, as inflation falls sharply and as the bank is
January 30, 2025
Business|Economy|Europe|Finance
ECB cuts rates and governors expect more amid weak growth
The European Central Bank cut interest rates on Thursday and policymakers guided for a further reduction in March as concerns over
January 29, 2025
Business|Economy|Europe|Finance
ECB governors see one more cut before debate heats up, sources say
A further European Central Bank interest rate cut is likely to go through in March without much resistance among policymakers before the debate between them on further easing
January 30, 2025
Business|Economy|Europe|Finance
ECB cuts interest rates and keeps more easing on table
The European Central Bank cut interest rates as expected on Thursday and kept more easing on the table, sticking to its view that inflation in the euro zone is increasingly under
January 30, 2025
Business|Economy|Europe|Political
European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy
The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to chart a course amid political turmoil in leading economies France and Germany
January 30, 2025
Business|Economy|Finance|Stock Markets|US
Tractor Supply misses quarterly results estimates on soft big ticket spending
Farming supplies retailer Tractor Supply missed Wall Street expectations for fourth-quarter results on Thursday, hurt by tepid demand for big-ticket items such as garden equipment and
January 30, 2025
Business|Economy|Europe|Finance
Lagarde's statement after ECB policy meeting
Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday: Link to statement on ECB website: Good afternoon, the
January 30, 2025
Business|Economy|Europe|Finance|Stock Markets
ECB cuts rates again, keeps door open to further easing
The European Central Bank cut interest rates on Thursday and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about
January 30, 2025
Americas|Business|Economy
Peru's dollar mountain lets sol currency shine among Latam peers
Peru's sol has become Latin America's most stable currency, shaking off political turmoil in the nation that's had five presidents in as many years and seen deadly
January 30, 2025
Economy|Europe|Finance
Spain's 12-month EU-harmonised inflation rises to 2.9% in January
Spain's European Union-harmonised 12-month inflation rate rose to 2.9% in January, from 2.8% in the period through December, preliminary data from the National Statistics Institute (INE)
January 30, 2025
Asia|Business|Economy|Finance
BOJ will keep raising rates if economy on track, deputy governor Himino says
Bank of Japan Deputy Governor Ryozo Himino said on Thursday that the central bank will continue to raise interest rates if the economy and prices move in line with
January 30, 2025
Business|Economy|Europe|Finance
Bank of England readies rate cut and could hint at more to come
The Bank of England looks likely to cut interest rates next week, when it could also nudge investors to expect faster reductions than they currently predict as the economy
January 30, 2025
Business|Economy|Finance|Stock Markets|Technology|US
US stock market confronts risks as investors grapple with tech, Fed outlook
Risks to the U.S. stock market are piling up as cracks emerge in the technology trade and the path for interest rates is
January 30, 2025
Business|Economy|Finance|Stock Markets|US
Fed rate actions in 2025 seen in a narrow band, Goldman Sachs CEO says
The Federal Reserve's future moves on interest rates in 2025 will be in a narrow range unless the trajectory of inflation changes, Goldman Sachs CEO David Solomon said in comments
January 30, 2025
Economy|Finance|Political|Stock Markets|US
Fed stands pat, leans hawkish with omission of inflation-progress reference
The Federal Reserve left interest rates in the 4.25% to 4.50% target range on Wednesday and gave little insight into when further easing may take place in an economy where inflation remains
January 29, 2025
Americas|Business|Economy|Finance
Brazil central bank hikes rates by 100 bps, confirms same in March
Brazil's central bank raised its benchmark interest rate by 100 basis points for the second straight meeting on Wednesday and signaled another hike of that size
January 29, 2025
Economy|Finance|Political|US
Fed leaves rates unchanged, sees no hurry to cut again
By Howard Schneider, Michael S.
January 29, 2025
Business|Economy|Finance|Political|US
Fed hold rates steady, sees inflation as 'elevated,' as Powell declines comment on Trump
The Federal Reserve left its key interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue
January 28, 2025
Business|Economy|Finance|Political|US
Key takeaways from the Fed’s decision to pause interest rate cuts
Key takeaways from the Fed’s decision to pause interest rate cuts
January 29, 2025
Business|Economy|Europe|Finance
Czech central banker Frait sounds caution on scope for rate cuts in 2025
The Czech National Bank (CNB) has limited room to ease monetary policy this year, with domestic inflation threats warranting caution, and there will
January 29, 2025
Asia|Economy|Political
More Indians losing hope of improved quality of life under Modi, survey shows
More Indians are becoming less hopeful about their quality of life as stagnant wages and higher living costs cloud future prospects, a survey showed, in disappointing news for
January 29, 2025
Business|Economy|Finance|Political
Bank of Canada cuts growth forecasts for 2025 and 2026
The Bank of Canada on Wednesday cut its growth forecasts for both 2025 and 2026, citing the dampening effect of government policies designed to curb population growth.
January 29, 2025
Business|Economy|Europe|Finance
Swedish central bank cuts policy rate to support weak economy
Sweden's central bank cut its key policy rate to 2.25% from 2.50% as expected on Wednesday to boost sluggish economic growth and said its forecast for interest rates held though
January 29, 2025
Business|Economy|Europe|Finance
Swedish economy grows 0.2% in Q4, flash figures show
Sweden's gross domestic product grew 0.2% in the fourth quarter from the previous three-month period, a flash estimate from the statistics office showed on Wednesday.
January 29, 2025
Asia|Business|Economy|Finance|Political
India's economy faces slowing growth, volatile trade ahead of new financial year
Indian Prime Minister Narendra Modi may seek to arrest slowing economic growth in the world's fifth-largest economy and prepare for an uncertain year of global trade when his
January 29, 2025
Asia|Business|Economy
Kuroda's 'bazooka' was losing fans within BOJ by time it was expanded, minutes show
Some Bank of Japan policymakers began to lose faith in the power of former Governor Haruhiko Kuroda's "bazooka" stimulus less than two years after its introduction,
January 29, 2025
Business|Economy|Europe|Finance
BMW expects full-year earnings margin in lower half of 6-7% target
BMW expects its fourth-quarter pre-tax earnings to be significantly below last year and its full-year margin to be in the lower half of its 6-7% target, according to slides posted on the
January 28, 2025
Business|Economy|Finance|Political|US
Bank lending prospects among key inputs for policymakers at Fed meeting
By Michael S.
January 28, 2025
Business|Economy|US
US consumer confidence deteriorates further in January
U.S. consumer confidence weakened for a second straight month in January amid renewed concerns about the labor market and inflation.
January 28, 2025
Business|Economy|Election|Political|US
Trump pledged to bring down food prices on Day One. Instead, eggs are getting more expensive
Trump pledged to bring down food prices on Day One. Instead, eggs are getting more expensive
January 28, 2025
Asia|Business|Economy|Finance
BOJ to raise rates again by July, eventually eye hike to 1.5%, says ex-policymaker
The Bank of Japan will likely raise interest rates again around June or July, and seek to triple its policy rate to at least 1.5% in the next two
January 28, 2025
Business|Economy|Finance|Political|US
Federal Reserve expected to stand pat on rates even as Trump demands cuts
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates
January 27, 2025
Business|Economy|Finance|Political|Stock Markets|US|World
Global economy takes Trump guessing-game in stride
Global economic policymakers had been braced for an economic firestorm from the new U.S. administration but instead got a surprisingly
January 27, 2025
Economy|Europe|Political
ECB's Lagarde warns over cost of losing independence
Central bank independence is being challenged in parts of the world and greater political influence could undermined banks' ability to keep inflation down, risking economic
January 27, 2025
Economy|Election|Political|US
Trump says inflation isn't his No. 1 issue. So what will happen to consumer prices?
Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office
January 26, 2025
Business|Economy|Food|US
Expect record-high egg prices for most of the year
Expect record-high egg prices for most of the year
January 25, 2025
Business|Economy|Finance|Political|US
A Fed on hold, for now, eyes strong jobs, easing inflation
At their last meeting in December, U.S.
January 24, 2025
Asia|Business|Economy|Finance|Stock Markets
Stock market today: Wall Street edges back from its record
U.S. stocks edged back from their all-time high as they closed out a second straight winning week
January 24, 2025
Asia|Business|Economy|Finance|Political|Stock Markets|US
US dollar posts biggest weekly loss since November 2023 on tariff angst
The U.S. dollar slid on Friday and was set for its biggest weekly loss in over a year after President Donald Trump suggested a softer
January 21, 2025
Business|Economy|Political|US
5 economic forces that could shape the first year of Trump's presidency
Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions
January 24, 2025
Business|Economy|Political|US
US business activity at nine-month low in January; hiring accelerates
U.S. business activity slowed to a ninth-month low in January amid rising price pressures, but firms reported boosting hiring, supporting the Federal Reserve's
January 24, 2025
Americas|Business|Economy|Food
More rate hikes likely coming in Brazil as inflation overshoots forecasts
Brazil's annual inflation rate slowed less than expected in early January, official data showed on Friday, cementing the likelihood that the central bank will hike interest rates
January 24, 2025
Business|Economy|Europe|Finance|World
Russian companies expect 2025 inflation above 10%, central bank survey shows
Russian companies surveyed by the central bank expect inflation in 2025 of 10.7%, more than double the official forecast, and named labour shortages as one of the main factors
January 24, 2025
Americas|Business|Economy|Finance
Brazil central bank to raise rates another 100bps in January: Reuters poll
Brazil's central bank will raise its benchmark interest rate by 100 basis points on Jan. 29, with more to increases follow, taking the cost of borrowing to
January 24, 2025
Business|Economy|Finance|Political|World
World inflation not fully defeated yet, IMF's Georgieva says
Global policymakers have made remarkable progress in tackling inflation without inducing a recession, but some work remains to be done, International Monetary Fund Managing Director
January 24, 2025
Business|Economy|Europe|Finance
Stumbling growth and stubborn inflation: the BoE's rate cut challenge
The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut
January 24, 2025
Business|Economy|Finance|Political|US
Fed to hold rates steady at an unsteady moment
U.S.
January 24, 2025
Asia|Business|Economy|Finance|MidEast
Pakistan central bank likely to deliver sixth straight rate cut to revive economy- Reuters poll
Pakistan's central bank is expected to lower its key interest rate by at least 1 percentage point on Monday, analysts said, in its sixth straight cut as it attempts
January 24, 2025
Asia|Business|Economy|Finance|Stock Markets
Japanese yen rallies, bond yields climb after BOJ hikes rates
The yen strengthened and Japanese government bond yields rose to fresh multi-year highs on Friday after the Bank of Japan hiked interest rates as expected and raised
January 24, 2025
Asia|Business|Economy|Finance|Stock Markets
Bank of Japan raises interest rates to highest in 17 years, yen jumps
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts,
January 23, 2025
Asia|Business|Economy|Finance
Instant View: Investors react to interest rate hike from BOJ
The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation
January 24, 2025
Asia|Business|Economy
Japan's core inflation hits 16-month high, markets brace for BOJ hike
Japan's core consumer prices rose 3.0% in December year-on-year to mark the fastest annual pace in 16 months, likely cementing a central bank rate hike later in the
January 23, 2025
Americas|Business|Economy|Political|World
Argentina economy expands for first time since middle of last year
Argentina's economy grew for the first time in half a year, posting a modest 0.1% year-on-year expansion in November that beat expectations, official data showed on Thursday.
January 23, 2025
Business|Economy|Finance|Political|US
Trump says he will 'demand' that interest rates come down, but it won't be that simple
President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep
January 23, 2025
Africa|Business|Economy|Political|World
Nigeria needs to double economic growth within a year or two, finance minister says
Nigeria needs to double economic growth within the next year or two from an annualized rate of 3.5% in the third quarter to lift its population out of
January 23, 2025
Business|Economy|Finance|Political|US
Trump policies likely to raise bond market's inflation fears, top money managers say
Giant U.S. asset managers overseeing well over $20 trillion are anticipating continued price pressures because of President Donald Trump's immigration and
January 23, 2025
Americas|Business|Economy|Political
Mexico headline inflation in early January beats expectations, slides below 4%
Mexico's annual inflation rate slowed to its lowest level in almost four years in the first half of January, official data showed on Thursday, a price level likely to encourage the central
January 23, 2025
Business|Economy|Europe|Finance|Stock Markets
FTSE 100 rises to near record levels; CMC Markets tumbles
The UK's FTSE 100 rose on Thursday, ending just short of a fresh record high as investors sought clarity on U.S.
January 23, 2025
Americas|Business|Economy|Finance|Political
Rate sensitivity haunts already elevated Brazil public debt
Investors already concerned about Brazil's ballooning public debt load under veteran leftist President Luiz Inacio Lula da Silva are being forced to reckon with
January 23, 2025
Business|Economy|Finance|Stock Markets|World
Norway wealth fund CEO in Davos: US inflationary pressure a risk to markets
The chief executive of Norway's $1.8 trillion sovereign wealth fund, one of the world's largest investors, said on Thursday that inflationary
January 23, 2025
Economy|Finance|MidEast|World
Turkey's central bank lowers benchmark interest rate to 45%
Turkey’s central bank has lowered its key interest rate by 2.5 percentage points to 45%
January 23, 2025
Business|Economy|Europe|Political
Polish c.banker Tyrowicz still sees no reason to cut interest rates
Polish central banker Joanna Tyrowicz still does not see any grounds for interest rate cuts given the continued overshoot of the inflation target, she told a private radio station
January 23, 2025
Business|Economy|Europe
Norway central bank keeps rate on hold, plans March cut
Norway's central bank held its policy interest rate unchanged at a 17-year high of 4.50% on Thursday, as unanimously expected by analysts in a Reuters poll, and
January 23, 2025
Economy|Finance|Political|World
Five key challenges for the Russian economy in 2025
The Russian economy has shown resilience during the three years of war in Ukraine and Western sanctions.
January 23, 2025
Asia|Economy|Finance|Political
Singapore December core inflation hits its lowest since November 2021
Singapore's key consumer price gauge rose 1.8% in December from a year earlier, more than economist forecasts and the lowest in more than three years, official
January 23, 2025
Africa|Business|Economy
S.Africa's Reserve Bank to cut rates by 25 bps Jan 30 to 7.50%- Reuters poll
The South African Reserve Bank will trim its repo rate next week by a quarter of a percentage point to 7.50% and repeat that in March, but then delay its final
January 23, 2025
Business|Economy|Political|US
Jamie Dimon on tariffs: ‘Get over it’
Jamie Dimon on tariffs: ‘Get over it’
January 22, 2025
Americas|Business|Economy|Finance|Political
IMF staff in Argentina for debt deal talks that could boost reserves
Staff from an International Monetary Fund (IMF) mission are in Argentina discussing a possible new debt deal, an economy ministry source told Reuters on Wednesday, confirming
January 22, 2025
Americas|Economy
Argentina economic activity seen contracting less in November
Economic activity in Argentina likely fell again in November versus the same month a year earlier, but less than the 0.7% contraction in October, a Reuters
January 22, 2025
Business|Economy|Finance|MidEast|Political
Israel central bank chief says 1-2 rate cuts possible in 2025 if inflation cooperates
The Bank of Israel could reduce short-term interest rates one or two times in the second half of 2025 as long as inflation moves back below 3%, Governor Amir Yaron
January 22, 2025
Business|Economy|Europe|Finance
ECB's Rehn says inflation confidence will allow for rate cuts
European Central Bank interest rates will keep falling as policymakers are confident that inflation will stabilise at the bank's 2% target, Finnish central bank chief Olli Rehn
January 22, 2025
Business|Economy|Europe|Political|US
ECB's Villeroy: Trump policies unlikely to have much impact on euro inflation
The new Trump administration's policies may affect inflation in the United States but are unlikely to have much impact on price pressures in Europe, ECB policymaker Francois Villeroy de
January 22, 2025
Business|Economy|Finance|Political|Stock Markets|US
Column-'Golden age' here already, Trump just needs to protect it: Mike Dolan
In many respects, Donald Trump inherited the "golden age" he claims to be ushering in. All he really needs to do is not screw it up.
January 22, 2025
Asia|Business|Economy
Japan wage growth gathers steam as reluctant retailers raise pay
Japan's retailers, typically among the most tight-fisted of employers, are offering big pay increases for a second year in a row, meaning
January 22, 2025
Business|Economy|Political|US
Here’s what will get more expensive from 25% tariffs on Mexican and Canadian goods
Here’s what will get more expensive from 25% tariffs on Mexican and Canadian goods
January 21, 2025
Americas|Business|Economy|Finance|Political
Economists ramp up projections for Brazil's interest rates to above 15%
Economists have launched a fresh wave of upward revisions to projections for Brazil's interest rate this year, citing deteriorating inflation expectations, a
January 21, 2025
Business|Economy|Election|Political|US
Trump threatens 25% tariffs on Mexico and Canada on Feb. 1, punting Day 1 pledge
Trump threatens 25% tariffs on Mexico and Canada on Feb. 1, punting Day 1 pledge
January 21, 2025
Business|Economy|Finance
Instant View: Canada's annual inflation rate eases to 1.8% in December
Canada's annual inflation rate dropped to 1.8% in December, Statistics Canada said on Tuesday, slightly lower than expected and a tick below the prior month's 1.9%.
January 21, 2025
Economy|Finance
Canada's annual inflation rate drops to 1.8% in December on sales tax relief
Canada's annual inflation rate slowed in December, data showed on Tuesday, helped by a sales tax break which kicked off in the middle of the month and brought
January 21, 2025
Business|Economy|Europe|Political|Stock Markets|US
German carmakers say Trump tariffs would hurt US consumers, industry
U.S.
January 21, 2025
Business|Economy|Finance|Political|US
After two years of smooth sailing, Fed ready to navigate rocky bond market, Trump uncertainty
After two years of progress on inflation and surprisingly persistent economic growth, the Federal Reserve next week meets with one eye on new Trump
January 21, 2025
Asia|Economy|Finance|World
Sri Lanka's inflation drops to minus 2% in December
Sri Lanka's consumer price inflation dropped to minus 2% year-on-year in December after easing to minus 1.7% in November, official data showed on Tuesday, as the country posted a strong
January 21, 2025
Business|Economy|Political|US
Trump’s sweeping agenda injects uncertainty into a healthy economy
Trump’s sweeping agenda injects uncertainty into a healthy economy
January 21, 2025
Asia|Business|Economy|Finance|Political
Economists split on Singapore monetary policy amid Trump 2.0 uncertainties
Economists are split on whether Singapore's central bank will loosen monetary policy this week or leave its settings unchanged to wait to see what policies U.S.
January 21, 2025
Business|Economy|Political|Technology|US
Trump says 25% tariffs on Canada and Mexico coming on Feb. 1 as he signs several orders on economy
President Donald Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to flesh out his plans for taxing Chinese imports
January 20, 2025
Economy|Finance|MidEast|Political|Stock Markets|US
US dollar tumbles as Trump team suggests tariff delay, vows flurry of executive orders
The dollar dropped on Monday after news President Donald Trump's new administration will not immediately impose trade tariffs,
January 20, 2025
Asia|Business|Economy
Indian housing market shows slowdown immunity, Godrej chairperson says
India's economic slowdown is not expected to show up in the country's housing market, Godrej Industries Group Chairperson
January 20, 2025
Economy|Finance|Political|US
Trump to call for 'all of government' response to fight inflation, aide says
President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down
January 20, 2025
Americas|Economy|Political
Mexico's central banker Heath sees inflation dipping below 4% in January
Mexico's headline and core inflation rates will likely land below 4% in January, deputy central bank governor Jonathan Heath told newspaper Excelsior in a story published on
January 20, 2025
Business|Economy|Finance|MidEast|Political
Seeking market confidence, Israel central bank urges budget passage without changes
Israel's monetary policy committee urged lawmakers to approve the 2025 state budget without further changes to ensure confidence in financial markets, the Bank
January 20, 2025
Business|Economy|Europe|Food
Champagne sales sink because people don’t want to celebrate
Champagne sales sink because people don’t want to celebrate
January 20, 2025
Economy|Finance|Political|US
Even Fed officials are trying to figure out how to do their jobs in the next Trump era
Even Fed officials are trying to figure out how to do their jobs in the next Trump era
January 19, 2025
Business|Economy|Finance|Political|Stock Markets
Biden’s economic legacy: Historic wage gains, investment and job growth but marred by inflation
Biden’s economic legacy: Historic wage gains, investment and job growth but marred by inflation
January 19, 2025
Business|Economy|Finance|Stock Markets|US
Stocks rally to close out strong week, await Trump policies
U.S. stocks rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew
January 17, 2025
Americas|Economy|Political
Milei's Argentina seals budget surplus for first time in 14 years
Argentina brought in its first budget surplus in more than a decade in 2024, data published on Friday showed, marking a win for libertarian President Javier Milei and his sweeping austerity
January 17, 2025
Americas|Business|Economy|Finance|Political
Brazil's Haddad says high interest rates will curb inflation
Brazil's Finance Minister Fernando Haddad said on Friday that high interest rates are poised to have a much stronger effect on inflation than many expect,
January 17, 2025
Americas|Business|Economy|Political|US
Mexico economy growth outlook sluggish, bracing for U.S. tariff hit - Reuters poll
Mexico's economy will stay sluggish this year, a Reuters poll of economists found, as the country braces for a possible radical shift in U.S. tariff and
January 17, 2025
Business|Economy|Europe|Finance|Political
ECB should not rush rate cuts, Nagel says
The European Central Bank should not rush to lower interest rates because inflation remains high and uncertainty great, ECB policymaker Joachim Nagel said in an interview
January 17, 2025
Economy|Finance|Political|US
Fed to hold rates in Jan as Trump's policies stir inflation worries: Reuters poll
The U.S.
January 17, 2025
Economy|Finance|Political|Stock Markets|US
Waller and Bessent help peg back Treasury yields
A look at the day ahead in U.S. and global markets from Mike Dolan Salvos from a Federal Reserve governor and the incoming Treasury Secretary helped nail down this week's inflation-inspired retreat in
January 17, 2025
Business|Economy|Finance|Political|World
Argentina's Milei set to clinch trade surplus record on grains, energy exports
Argentina likely logged the largest trade surplus in its history in 2024, a Reuters analyst poll released on Friday showed, on the back of libertarian
January 17, 2025
Americas|Business|Economy|Europe|Political
Worker shortages may define the 2025 economy: Mike Dolan
For all the trepidation about world trade, debt and inflation, it could well be worker shortages that define economic trends this year - on both sides of the Atlantic.
January 17, 2025
Asia|Business|Economy|Finance
BOJ likely to keep hawkish policy pledge, raise rates next week, sources say
The Bank of Japan is likely to raise interest rates next week barring any market shocks when U.S.
January 17, 2025
Asia|Economy|Finance|Stock Markets|US
Dollar turns lower, yen strengthens ahead of Trump inauguration
The U.S. dollar weakened against the yen on Thursday, as softer-than-expected U.S. economic data and growing confidence for a Bank of Japan interest-rate hike
January 16, 2025
Business|Economy|US
American shoppers wrap up the year in a spending mood, boding well for the U.S. economy
American consumers wrapped up the year in a spending mood, shopping for all sorts of merchandise from furniture to clothing, and eating out at restaurants, according to the latest government snapshot
January 16, 2025
Economy|Finance|US
Fed may cut rates sooner and faster than expected if disinflation trend holds up, Waller says
Inflation is likely to continue to ease and possibly allow the U.S. central bank to cut interest rates sooner and faster than expected, Federal
January 16, 2025
Americas|Economy|Finance|Political|US
Bank of Canada to cut rates on Jan. 29, cautious over potential US tariff impact: Reuters poll
The Bank of Canada will cut interest rates by 25 basis points to 3.00% on Jan. 29, according to a Reuters poll of economists, but many were not confident about
January 16, 2025
Business|Economy|Finance|Stock Markets|US
Why are interest rates rising when the Fed has been cutting them?
The yield on the 10-year Treasury has recently soared toward its highest level since 2023, injecting nervousness into the U.S. stock market that's knocked indexes from their records
January 15, 2025
Business|Economy|Finance|Political|Stock Markets|US
Inflation relief and bumper bank earnings
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street's best day of the year so far was rooted in inflation relief and a boom in bank stocks reporting bumper earnings, with a
January 16, 2025
Asia|Business|Economy|Finance
BOJ to raise rates by end-March, most analysts lean toward January hike- Reuters poll
The Bank of Japan will raise interest rates again at one of the two meetings this quarter to 0.50%, an overwhelming majority of economists surveyed by Reuters
January 16, 2025
Asia|Business|Economy|Finance|Stock Markets
Global inflation relief lifts bond yield gloom
A look at the day ahead in Asian markets.
January 15, 2025
Americas|Business|Economy|Political
Argentina to reform anti-dumping system to boost competition
Argentina will roll out changes to the country's anti-dumping system in an effort to promote greater competition and bring down prices, Economy Minister Luis Caputo said on social media on
January 16, 2025
Americas|Economy|Political
Venezuela inflation was 48% year-on-year in 2024, Maduro tells lawmakers
Venezuela inflation was 48% annually in 2024, the lowest in 12 years, Venezuelan President Nicolas Maduro told lawmakers in an annual address to the national assembly and other
January 15, 2025
Business|Economy|Finance|Stock Markets|US
Inflation revival persists as market risk despite CPI-fueled rally
A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, but traders and
January 15, 2025
Business|Economy|Europe|Finance
Bank of England's Taylor says it's time to cut interest rates
The Bank of England should move quickly to bring down interest rates given signs of a slowdown in Britain's economy, Alan Taylor, the BoE's most recently
January 15, 2025
Business|Economy|Finance|Political|US
Fed's Williams says policy data dependent in very uncertain environment
By Michael S.
January 15, 2025
Business|Economy|Finance|Political|US
US consumer prices post largest gain in nine months; underlying inflation slowing
U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to still-elevated inflation that aligns with
January 15, 2025
Business|Economy|Europe|Finance
Bank of England to cut interest rates four times this year - Reuters poll
The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but
January 15, 2025
Business|Economy|Europe|Finance|World
Russian prices up 9.5% in 2024, continue to grow in 2025, statistical data shows
Russian consumer prices grew by 9.52% last year compared to 7.42% in 2023, final statistical data showed on Wednesday, making the 2024 inflation rate the fourth highest in the last
January 15, 2025
Economy|Finance|Political|US
US stocks surge after latest inflation report shows progress on price hikes
US stocks surge after latest inflation report shows progress on price hikes
January 15, 2025
Economy|Finance|Political|US
US inflation picked up in December but underlying price pressures eased
U.S. inflation picked up last month as prices rose for gas, eggs, and used cars, yet underlying price pressures also showed signs of easing a bit
January 14, 2025
Business|Economy|Finance|Political|US
US 30-year mortgage rate tops 7%, highest since May 2024
The interest rate for the most popular U.S. home loan rose last week to an eight-month high of 7.09%, extending an upward trend that's squeezing would-be homebuyers already
January 15, 2025
Africa|Economy|Finance
Nigerian inflation rises for fourth straight month in December
Nigeria's inflation rate rose for the fourth straight month in December, advancing to 34.80% in annual terms from 34.60% in November, data from the statistics agency showed on
January 15, 2025
Business|Economy|Europe|Finance
UK house prices rise by most since February 2023, ONS says
British house prices rose at their fastest annual pace in almost two years in November, adding to signs of resilience in the property market despite high borrowing costs, official
January 15, 2025
Business|Economy|Europe|Political
Rising borrowing costs batter UK government and threaten to derail its left-leaning program
Britain’s new government, which is already facing anger over higher taxes, unpopular spending decisions and political scandals just six months after taking office, is now being battered by rising borrowing costs that threaten to derail its left-leaning program
January 15, 2025
Business|Economy|Europe
German ministry warns 2025 uncertainty to weigh on economic recovery
Germany can only hope for a tangible economic recovery once there is clarity on the economic, financial and geopolitical outlook, the economy ministry said in its monthly report on
January 15, 2025
Business|Economy|Environment|US
Economists say Los Angeles fire to have limited national economic impact
By Michael S.
January 14, 2025
Asia|Business|Economy
South Korea's import prices surge at fastest pace in five months as won weakens
South Korea's import prices accelerated in December at the fastest pace in five months, central bank data showed on Wednesday, signalling renewed inflationary pressures due to a
January 14, 2025
Americas|Economy|Political
Argentina slows peso crawling peg as inflation eases
Argentina's central bank will slow the rate of the local peso's devaluation, it said on Tuesday, after new data showed annual inflation slowing in December and as the central
January 14, 2025
Business|Economy|Finance|Stock Markets|US
S&P 500 edges higher, Nasdaq dips in choppy session as inflation data eyed
The S&P 500 edged higher while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings
January 14, 2025
Economy|Political|US
How Biden's domestic policy record stacks up against public perception
President Joe Biden's tenure in the White House is ending with a gulf between his policy record and his public reputation
January 14, 2025
Business|Economy|Finance|US
US inflation still slowing as producer prices rise below expectations in December
U.S. producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation
January 14, 2025
Business|Economy|US
Woodford Reserve’s parent company is cutting nearly 700 jobs as spirit sales sink
Woodford Reserve’s parent company is cutting nearly 700 jobs as spirit sales sink
January 14, 2025
Business|Economy|Europe|Finance|Political
Italian firms gloomier on outlook amid trade war fears, central bank survey shows
Pessimism about the economic outlook has increased among Italian businesses as worries about an international trade war weigh on sentiment, the Bank of Italy said in a survey
January 14, 2025
Asia|Business|Economy
Japan's service mood improves, rising costs cloud outlook
Japan's service-sector sentiment improved in December but companies expect conditions to sour ahead, a government survey showed on Tuesday, a sign the rising cost of
January 14, 2025
Economy|MidEast|Political
Syria's new central bank chief vows to boost bank independence post Assad
Syria's new central bank governor, Maysaa Sabreen, said she wants to boost the institution's independence over monetary policy decisions, in what would be a sea
January 14, 2025
Asia|Business|Economy|Finance|Political|US
BOJ deputy governor flags chance of rate hike next week
The Bank of Japan will debate whether to raise interest rates next week as prospects of sustained wage gains heighten and the U.S. policy outlook becomes clearer in
January 14, 2025
Economy|Finance|Political|US
Robust US economy may not need Trump's big reforms
U.S.
January 13, 2025
Asia|Economy|Finance|Stock Markets|US
Dollar stays strong as doubts about Fed rate cuts grow
The dollar rose on Monday, driving its peers to multi-year lows, after Friday's blowout U.S. jobs report underscored economic strength and fueled growing doubts
January 13, 2025
Americas|Business|Economy|Finance|World
Argentina's inflation expected to have accelerated 2.7% in December
Argentina's monthly inflation likely rose 2.7% last month, an acceleration from the 2.4% reading in November, according to the median expectations of analysts
January 13, 2025
Business|Economy|Finance|Political|World
Russian central bank dismisses retail deposit freeze rumours
The Russian central bank has sought to dismiss rumours about a possible freezing of retail deposits, which have seen explosive growth in recent months due to rising interest rates
January 13, 2025
Economy|Finance|Political|US
New York Fed survey finds mixed inflation expectations in December
By Michael S.
January 13, 2025
Business|Economy|Finance|Political|Stock Markets|US
S&P500 wipes post-election gains as bonds haunt
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street's S&P 500 index has all but wiped out its post-election gains, weighed by bond markets fearful of an
January 13, 2025
Economy|Europe|Finance|Stock Markets
Sterling extends slide as dollar rallies, gilt yields rise
The British pound extended its recent drop against the dollar and the euro on Monday driven by investor concerns about Britain's fiscal sustainability as gilt yields
January 13, 2025
Business|Economy|Europe|Finance
Euro zone savings rate dips in Q3 but stays exceptionally high
Euro zone households reduced their savings a touch in the third quarter of last year but still set aside an exceptionally large portion of their disposable income, highlighting a
January 13, 2025
Business|Economy|Europe|Finance
ECB seeking middle ground with rate cuts, Lane tells newspaper
The European Central Bank can ease policy further this year but must find a middle ground that neither induces a recession nor causes an undue delay in curbing inflation, ECB
January 13, 2025
Business|Economy|Finance|Stock Markets|US
Jobs report fuels Treasury yield surge as markets brace for 5% threshold
A recent surge in U.S.
January 10, 2025
Asia|Business|Economy|Finance
Rosy wage outlook, weak yen drawing BOJ attention to inflation risks
Prospects of sustained wage gains in Japan and the boost to import costs from a weak yen have heightened attention within the central bank to rising inflationary
January 10, 2025
Asia|Business|Economy|Finance|Stock Markets
Hot US jobs data stoke yield fire, scold stocks
A look at the day ahead in Asian markets.
January 12, 2025
Business|Economy|Finance|Political|Stock Markets|US
Inflation report could rattle markets after bond yields climb
U.S. inflation data in the coming week could test the nerves of stock investors and further inflame worries about rising Treasury yields and uncertainty over
January 10, 2025
Business|Economy|Europe|Political
Hungary plans talks with allies to combat higher oil prices after new US sanctions on Russia
Hungary plans to hold talks with regional allies to counter the impact of higher oil prices resulting from a new round of US sanctions on Russia's oil and gas sector, Hungarian
January 12, 2025
Asia|Business|Economy|Finance|Stock Markets
Treasury yields rise, stock falls pressured by stronger-than-expected US jobs data
Global stocks fell while U.S.
January 08, 2025
Business|Economy|Finance|Political|US
US consumer inflation expectations soar in January on tariff fears
U.S. consumers expect inflation to increase over the next 12 months and beyond, likely reflecting concerns that broad tariffs on imports pledged by President-elect Donald
January 10, 2025
Business|Economy|Finance|Health|Stock Markets
Constellation Brands cuts annual forecasts as beer demand weakens
Constellation Brands cut its annual sales and profit forecasts after weak consumer spending on its Modelo Oro and Corona Light beers pulled third-quarter results below estimates, taking its
January 10, 2025
Americas|Business|Economy
Brazil's inflation ends 2024 above target, setting stage for more rate hikes
Brazil's annual inflation came in slightly below market forecasts in December but still ended 2024 above the upper limit of the central bank's target range, with policymakers
January 10, 2025
Economy|Finance|Political|Stock Markets|US
Options market positioned for US Treasury 10-year yield to hit 5% in near term
Investors in the futures options market are betting the benchmark U.S. 10-year Treasury yield is headed higher to 5% in the near term, reflecting
January 10, 2025
Business|Economy|Europe|Finance|Political|Stock Markets|US
The week before next
Global markets face a choppy ride ahead of U.S. inauguration day on Jan. 20, with Britain and the U.S. releasing key inflation data, China publishing growth numbers while earnings on Wall
January 10, 2025
Business|Economy|Europe|Finance
Norway's December core inflation lower than expected
Norway's core inflation rate eased more than expected in December, Statistics Norway (SSB) data showed on Friday, supporting forecasts that interest rates will begin to decline this
January 10, 2025
Asia|Business|Economy
Japan November household spending falls as price pressures persist
Japanese household spending fell at a slower pace than expected in November, government data showed on Friday, but the broader consumption trend remained soft,
January 09, 2025
Americas|Business|Economy|Finance
Peru central bank cuts benchmark interest rate to 4.75%
Peru's central bank trimmed its benchmark interest rate by 25 basis points to settle at 4.75% on Thursday, surprising analysts who expected the country's monetary authority to hold
January 09, 2025
Business|Economy|Finance|US
Fed's Schmid says central bank 'near' neutral interest rate level
By Michael S.
January 09, 2025
Americas|Business|Economy|Finance
Mexico's central bank opens door to larger rate cuts, citing progress on inflation
The Bank of Mexico could increase the size of cuts to its benchmark interest rate in future meetings as inflation eases in Latin America's second-largest
January 09, 2025
Business|Economy|Finance|US
Here's what you need to know about credit card defaults
Credit card defaults are on the rise for Americans, reaching the highest amount in 14 years
January 09, 2025
Economy|Europe|Finance|Political|Stock Markets
For good reasons and bad, global bond wobble passes over euro zone
Just as Britain and the United States come under pressure from investors worried about growing debt and sticky inflation, the euro zone seems to be largely
January 09, 2025
Americas|Economy|Finance
Mexico's annual inflation eases in December, supporting further rate cuts
Mexico's headline inflation rate eased more than expected in December, fueling bets that the central bank will keep cutting its benchmark interest rate despite an
January 09, 2025
Economy|Finance|Political|US
Fed's Collins says now is time for patient, gradual approach to rate cuts
By Michael S.
January 09, 2025
Economy|Finance|Political|US
Fed's Harker still expects rate cuts but says imminent move not needed
By Michael S.
January 09, 2025
Business|Economy|Europe|Finance
Euro zone consumers hold back spending as economy stagnates
Euro zone retail sales grew less than expected in November, confirming that consumption remains in the doldrums and adding to a recent string of gloomy data about the health of
January 09, 2025
Business|Economy|Finance|Political|US
Fed can soothe Trump or Treasuries, not both: Mike Dolan
Extreme bond market agitation has put the Federal Reserve in a bind.
January 09, 2025
Asia|Business|Economy
Seven & i, at centre of M&A tussle, sees quarterly profit tumble
Japan's Seven & i Holdings, operator of the 7-Eleven convenience store chain, said operating profit fell 24% in the latest quarter, missing analysts' estimates, as
January 09, 2025
Asia|Economy|Finance|Political
Philippine cbank has room to further ease policy, governor says
The Philippine central bank has room to ease monetary policy, its governor said on Thursday, following this week's data showing annual inflation stayed within its 2% to 4% target
January 09, 2025
Australia|Business|Economy|Finance
Australia retailers get Black Friday boost, but no bar posed to rate cut
Australian retail sales had the biggest increase in 10 months in November as Black Friday discounting drew cost-conscious shoppers, but the rise missed
January 09, 2025
Economy|Finance|Political|Stock Markets|US
Bond market selloff jolts global investors as Trump worries grow
A sharp selloff in the world's biggest government bond markets and a continued rise in the dollar sent
January 08, 2025
Asia|Business|Economy|Political
Japan Nov real wages fall for 4th straight month as inflation weighs
Japan's inflation-adjusted real wages fell for the fourth straight month in November weighed down by higher prices even as base pay grew at the fastest pace in more than three
January 08, 2025
Asia|Business|Economy|Finance|Stock Markets
China inflation lands amid global bond turmoil
A look at the day ahead in Asian markets.
January 08, 2025
Economy|Election|Political|US
Fact check: President Biden defends Hunter Biden pardon with false and inaccurate claims
Fact check: President Biden defends Hunter Biden pardon with false and inaccurate claims
January 08, 2025
Asia|Business|Economy|Finance|Stock Markets|US
Stock market today: Wall Street holds firmer following Tuesday's slide
U.S. stock indexes held firmer and finished mixed a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected
January 08, 2025
Business|Economy|Political|US
Yellen says COVID spending may have contributed 'a little bit' to inflation
The Biden administration's spending on stimulus to keep the economy going during the COVID pandemic may have contributed "a little bit" to
January 08, 2025
Economy|Finance|Political|US
Fed minutes may begin to show the hurdle to further rate cuts
Federal Reserve officials have been signaling that further interest rate cuts are on hold for now given slowed progress on inflation and a still-strong U.S.
January 08, 2025
Economy|Finance|Political|Stock Markets|US
Federal Reserve officials at December meeting expected slower pace of rate cuts ahead
Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes
January 08, 2025
Business|Economy|Europe|Finance
ECB could reach neutral rate by summer, Villeroy says
The European Central Bank's interest rates should reach the point where they are no longer a drag on growth by this summer if inflation is tamed by then, ECB policymaker Francois
January 08, 2025
Economy|Finance|Political|US
Treasury yield surge reflects expectations of more long-term debt
Longer-term U.S.
January 08, 2025
Business|Economy|Finance|Political|US
Top Fed official backs new rate cuts even if Trump tariffs materialize
A top policymaker at the US Federal Reserve says that he still supports reducing interest rates this year, despite elevated inflation and the prospect of widespread tariffs
January 08, 2025
Business|Economy|Europe|Finance|Political
Why are UK borrowing costs jumping?
Britain's government borrowing costs have leapt this week, adding to the challenges facing finance minister Rachel Reeves who is planning to sell hundreds of
January 08, 2025
Americas|Business|Economy
Brazil's industrial output falls for second straight month
Industrial production in Brazil fell for the second month in a row in November, data showed on Wednesday, in a sign the economy may be cooling as the central bank tightens
January 08, 2025
Asia|Business|Economy
Sri Lanka c. bank to focus on stronger crisis recovery in 2025
Sri Lanka will focus on stronger recovery this year after the island nation posted real GDP growth of 5% in 2024, the highest in seven years, its central bank
January 08, 2025
Business|Economy|Europe|Finance
Euro zone households likely to keep saving to rebuild wealth, ECB says
Euro zone households could keep saving a large portion of their income to rebuild wealth lost to high inflation, the European Central Bank argued, suggesting lacklustre
January 08, 2025
Africa|Economy|Finance
Tanzania central bank holds key interest rate unchanged for a third time
Tanzania's central bank left its key interest rate unchanged at 6% on Wednesday, holding it steady for a third consecutive policy meeting, with an aim of
January 08, 2025
Asia|Business|Economy|Finance
Former BOJ chief Kuroda predicts more rate hikes
The Bank of Japan will likely keep raising interest rates in the coming years as inflation appears on track to sustainably hit its 2% target, said former governor
January 08, 2025
Americas|Business|Economy|Finance
Mexico's headline inflation seen slowing in December, core index likely accelerated: Reuters Poll
Mexico's annual inflation rate likely fell in December, a Reuters poll of analysts showed on Tuesday, fueling bets the central bank will keep cutting its benchmark interest
January 07, 2025
Business|Economy|Finance|Political|US
US service sector growth picks up; input prices gauge highest in nearly two years
U.S. services sector activity accelerated in December, but a surge in a measure of prices paid for inputs to near a two-year high pointed to elevated inflation
January 07, 2025
Africa|Economy|Election|Political
Ghana’s Mahama returns as president, vowing to boost economy
John Dramani Mahama was sworn in for a second term as Ghana's president on Tuesday at a ceremony in the capital Accra, pledging to overcome public
January 07, 2025
Economy|Europe|Finance
Italy Dec EU-harmonised CPI decelerates to 1.4% y/y, 2024 average at 1.1%
Italian EU-harmonised consumer prices (HICP) rose 0.1% month-on-month in December, with the annual inflation rate slowing to 1.4% from 1.5% in November, preliminary figures showed on
January 07, 2025
Business|Economy|Food|US
McDonald’s biggest menu shakeup in years rolls out Tuesday
McDonald’s biggest menu shakeup in years rolls out Tuesday
January 07, 2025
Asia|Business|Economy|Finance|Political|Stock Markets
Vietnam central bank to keep flexible monetary policy, monitor Trump policies
Vietnam will maintain a flexible monetary policy aimed at controlling inflation, while authorities will monitor the policies of U.S.
January 07, 2025
Economy|Finance|MidEast
Bank of Israel holds rates on high inflation, economic uncertainty
The Bank of Israel left interest rates unchanged for the eighth straight meeting on Monday, citing expectations of higher inflation and economic uncertainty due
January 06, 2025
Business|Economy|Finance|Political|US
Fed's Cook: Further rate cuts can come cautiously
The U.S.
January 06, 2025
Americas|Business|Economy|Fashion and Beauty|Travel
Stung by high prices, Argentines seek cheaper Nikes, Big Macs abroad
In the shopping malls of Santiago de Chile and the beaches of Brazil, Argentines are snapping up clothes,
January 06, 2025
Business|Economy|Finance|Political|US
Trump's policies may not prove inflationary, Bernanke, others say
A number of leading economists, including advisers to past U.S. presidents, have coalesced around the view that President-elect Donald Trump's plans to broaden
January 06, 2025
Business|Economy|Europe
Spain's December services activity grows at fastest pace in 20 months, PMI shows
Spain's service sector expanded in December at its fastest pace since April 2023, driven by a sharp rise in new business and a recovery in activity following the country's deadly
January 06, 2025
Business|Economy|Europe
German service sector grows modestly in December despite rising costs, PMI shows
Germany's service sector experienced a slight uptick in business activity in December, bringing it back into growth territory despite increasing price pressures, a survey showed on
January 06, 2025
Asia|Business|Economy|Finance
Thai inflation returns to target range for first time in 7 months
Thailand inflation rate returned to the target range for the first time since May last year, lifted by higher energy and food prices, the commerce ministry said on Monday.
January 06, 2025
Asia|Business|Economy
India's services sector ended 2024 on a strong footing, PMI shows
India's dominant services sector ended 2024 on a high note as sustained demand boosted activity to a four-month high and led to strong hiring in December,
January 06, 2025
Africa|Business|Economy|MidEast
Egypt's non-oil private sector contracts in December as cost pressures rise, PMI shows
Operating conditions in Egypt's non-oil private sector deteriorated in December, with output and new orders falling at the sharpest rates in eight months amid rising cost pressures,
January 06, 2025
Economy|Finance|Political|US
Fed's Kugler, Daly say job not done on inflation
Two Federal Reserve policymakers on Saturday said they feel the U.S. central bank's job of taming
January 04, 2025
Business|Economy|Finance|MidEast
Bank of Israel to hold rates this week but cut possible in February - Reuters Poll
The Bank of Israel is expected to leave short-term interest rates unchanged for an eighth straight policy meeting this week, although analysts believe a rate cut
January 05, 2025
Business|Economy|Finance|Political|US
Fed's Kugler says data will drive Fed policy choices amid uncertainty
By Michael S.
January 03, 2025
Business|Economy|Finance|Political|US
Fed policy may need to stay restrictive for longer due to inflation risk, Barkin says
The U.S. central bank's benchmark policy rate should stay restrictive until it is more certain that inflation is returning to its 2% target, Richmond Federal
January 03, 2025
Business|Economy|Finance|MidEast|World
Turkish inflation falls more than expected to 44%
Turkish inflation was lower than expected at 44.38% annually and 1.03% on a monthly basis in December, data showed on Friday, in a month in which the central bank launched an
January 03, 2025
Business|Economy|US
US unemployment claims fall to 211,000, the lowest level since March
The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that most workers enjoy unusual job security
January 02, 2025
Business|Economy|Finance|Stock Markets|US
The first trading day of the year, be wary
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe.
January 02, 2025
Business|Economy|US
Workers in these states just got a pay raise
Workers in these states just got a pay raise
January 02, 2025
Business|Economy|Europe|Finance|Political|Stock Markets|US
Markets usher in 2025 with Trump trepidation
A look at the day ahead in European and global markets from Rae Wee An air of caution lingered over markets on Thursday as Donald Trump's impending return to the White House - and his plans for hefty
January 02, 2025
Asia|Business|Economy
Indonesia's Dec inflation at 1.57% y/y, as expected
Indonesia's annual inflation rate in December was 1.57%, barely changed from 1.55% in the previous month, official data showed on Thursday, and close to economists' estimate of a
January 02, 2025
Asia|Business|Economy
Singapore economy grew 4.0% in 2024, advance estimate shows, fastest post-pandemic growth
Singapore's economy grew 4.0% in 2024, its fastest annual pace since exiting the pandemic, accelerating from an expansion of 1.1% in 2023 and 3.8% in 2022, preliminary government
January 02, 2025
Americas|Economy|Political
Venezuela economy grew over 9% in 2024, president says
Venezuela's economy grew over 9% in 2024, President Nicolas Maduro said, according to a transcript of an interview published by Mexican media outlet La Jornada on Wednesday.
January 01, 2025
Business|Economy|Finance|Stock Markets|US
Stocks just did something they haven’t done in nearly three decades
Stocks just did something they haven’t done in nearly three decades
December 31, 2024
Asia|Business|Economy|Finance|Stock Markets
Stock market today: Wall Street indexes lose ground as market closes another record-breaking year
Stock indexes closed mostly lower on Wall Street on the final day of another record-setting year
December 31, 2024
Business|Economy|Finance|Stock Markets|US
Gold set for brightest year since 2010 on rate cuts, safe-haven demand
Gold prices were set to end a record-breaking year on a positive note on Tuesday as robust central bank buying, geopolitical uncertainties and
December 31, 2024
Economy|Finance|MidEast|Political|World
Turkey hikes fuel tax by 6%, aims to control inflation
Turkey imposed a 6% tax hike on fuel on Tuesday, after its finance minister said over the weekend that tax moves on fuel and tobacco would not affect the government's inflation goal
December 31, 2024
Asia|Economy|Finance|Political|Stock Markets|US
Stock market today: Wall Street slips in final days of a banner year for US stocks
Stocks fell on Wall Street as a strong year for the market looks set to end on a sour note
December 30, 2024
Economy|Finance|MidEast|Political|World
Turkey's fuel, tobacco tax moves will not harm inflation goal, Simsek says
Turkey's tax hikes for fuel and tobacco next year will be set in a way that will not endanger the country's 2025 inflation plans, Treasury and Finance Minister Mehmet Simsek said.
December 30, 2024
Business|Economy|Political|US
What to expect for gas prices in 2025
What to expect for gas prices in 2025
December 30, 2024
Economy|Election|Political|US|World
Incumbents had a bad year. Will 2025 be different?
Incumbents had a bad year. Will 2025 be different?
December 30, 2024
Economy|MidEast|Political|World
Thousands protest in Turkey to demand bigger hike in minimum wage
Thousands of people protested in Turkey's capital Ankara on Saturday to demand a bigger hike in the minimum wage, chanting slogans calling on the government to resign and waving the
December 28, 2024
Business|Economy|Europe|World
Russian manufacturing growth slows in December as inflation pressures linger, PMI shows
Russia's manufacturing sector continued to expand in December, but at a slower pace than the previous month, as inflationary pressures remained high and business confidence weakened
December 28, 2024
Economy|Health|Political|US|World
US homelessness rose by record 18% in latest annual data
There was a record 18% rise in homelessness in the U.S. in the last year, driven by factors like unaffordable housing, high inflation, systemic racism, natural
December 27, 2024
Americas|Business|Economy|Finance
Brazil mid-December inflation slows but ends year above target
Brazil's consumer prices rose less than expected in the month to mid-December, government statistics agency IBGE said on Friday, an outcome insufficient, however, to lead
December 27, 2024
Americas|Business|Economy
Brazil's jobless rate hits fresh all-time low but job creation slows
Brazil's jobless rate hit a fresh record low in the three months through November, official data showed on Friday, but job creation slowed to its lowest pace in nearly a
December 27, 2024
Business|Economy|Europe|Finance|World
Russian rouble seen around 100 per US dollar in early 2025- Reuters poll
The Russian rouble is expected to keep changing hands for around 100 per U.S. dollar at the start of 2025 and gradually weaken to 108 towards
December 27, 2024
Economy|Finance|MidEast|World
Turkish inflation seen at 45.2% in December, down to 26.5% at end-2025: Reuters poll
Turkey's inflation rate is expected to rise by 1.61% in December from the previous month and stand at 45.2% year-on-year, with the annual rate seen falling to 26.5% by the end of
December 27, 2024
Business|Economy|Europe|World
High food prices dampen festive spirits in Russia
This holiday season, many Russians are tightening their belts.
December 27, 2024
Asia|Business|Economy
Inflation in Japan's capital accelerates, keeps rate hike prospects intact
Core inflation in Japan's capital accelerated in December while services inflation held steady, data showed on Friday, keeping alive market
December 26, 2024
Australia|Business|Economy|Finance|Stock Markets
Interest rate path to determine if Aussie banks can sustain rich valuations in 2025
The Australian central bank's rate trajectory and its effect on inflation will decide if Australian bank shares can eke out growth in 2025 after a
December 26, 2024
Business|Economy|US
Holiday shoppers increased spending by 3.8% despite higher prices
New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and other financial worries
December 26, 2024
Business|Economy|Finance|Stock Markets|US
Dollar gains on yen on bets of US growth, inflation
The U.S. dollar hit a five-month high against the Japanese yen on Thursday on expectations the greenback would be boosted next year by policies by the incoming
December 26, 2024
Economy|Finance|MidEast|Political|World
Turkish cenbank rate cut expectations rise after 30% minimum wage hike
Expectations of a Turkish central bank rate cut strengthened on Wednesday after a less-than-requested minimum wage hike, economists said, as it showed the
December 25, 2024
Business|Economy|Europe|Finance|World
Russia's inflation reaches 9.5% this year, weekly data shows
Russia's inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical
December 25, 2024
Economy|Education|MidEast|Political|World
Turkey's soaring costs are creating a 'lost generation' of kids forced to help their families get by
One-third of Turkey's children live in poverty, with many forced to work to support their struggling families
December 25, 2024
Americas|Economy|Political
Colombia minimum wage to increase 9.54% to $323 per month in 2025
Colombia's minimum wage will increase by 9.54% in 2025, Colombia's President Gustavo Petro said on Tuesday, announcing the hike by decree after a deal was not reached between the
December 24, 2024
Americas|Business|Economy|Political
Mexico central bank could weigh rate cut of 25 or 50 bps in February, deputy governor says
Mexico's central bank board could discuss a rate cut of either 25 basis points or 50 basis points in its next decision in February, Deputy Governor
December 24, 2024
Economy|Finance|MidEast|Political|World
Turkey raises monthly minimum wage by 30% for 2025
Turkey's net monthly minimum wage will be 22,104 Turkish lira ($630.36) in 2025, Turkish President Tayyip Erdogan said on Tuesday, marking a 30% increase from 2024.
December 24, 2024
Asia|Business|Economy
India's growth trajectory poised to pick up in Oct-March, cenbank bulletin says
India's growth trajectory is expected to pick up in the second half of 2024-25, driven by domestic private consumption and a sustained revival of rural demand, the central bank said
December 24, 2024
Asia|Business|Economy|Finance|Political
BOJ debated need for caution in raising rates, Oct minutes show
Bank of Japan policymakers agreed in October to keep raising interest rates if the economy moves in line with their forecast, but some stressed the need for caution on
December 24, 2024
Asia|Business|Economy|Finance|Stock Markets
Stock market today: Wall Street rises at the start of a holiday-shortened week
Stocks closed higher on Wall Street at the start of a holiday-shortened week
December 23, 2024
Business|Economy|Finance|Political|US
Oil prices ease on surplus concerns, dollar strength
Oil prices edged lower on Monday in thin trade ahead of the Christmas holiday on concerns about a supply surplus next year and a strengthened dollar.
December 23, 2024
Business|Economy|US
Party City to close its stores as company files for bankruptcy
Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide
December 22, 2024
Economy|Europe|Finance|Stock Markets
Euro zone bond yields rise to one-month high
Euro zone government bond yields rose to their highest level in around a month on Monday as investors continued to try to gauge the outlook for central bank rate
December 23, 2024
Business|Economy|Election|Political
An analyst looks ahead to how the US economy might fare under Trump
President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally
December 23, 2024
Asia|Business|Economy|Finance|World
Sri Lanka's inflation rate drops to minus 1.7% in November
Sri Lanka's consumer price inflation dropped to minus 1.7% year-on-year in November after easing to minus 0.7% in October, official data showed on Monday, as the country posted a strong
December 23, 2024
Economy|Finance|Political|US
Powell led the Fed’s fight against inflation. It’s not over yet — and it could get even harder
Powell led the Fed’s fight against inflation. It’s not over yet — and it could get even harder
December 23, 2024
Asia|Business|Economy
Former BOJ head Kuroda to become adviser at private think tank
Former Bank of Japan Governor Haruhiko Kuroda will become an adviser at the Japan Center for Economic Research from January, the non-profit, private think tank said on Monday.
December 23, 2024
Economy|Europe|Finance|Political
Lagarde says ECB very close to reaching its inflation goal, FT reports
European Central Bank (ECB) President Christine Lagarde said the euro zone was getting "very close" to reaching the central bank's medium-term inflation goal, according to an interview
December 23, 2024
Africa|Americas|Asia|Business|Economy|Europe|Finance|MidEast|Political|Stock Markets|US|World
Brace! Risks stack up for the global economy in 2025
No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new set of challenges opened up for 2025.
December 23, 2024
Africa|Crime|Economy|World
At least 13 dead in two crowd crushes in Nigeria
At least 13 people died in two incidents in Nigeria on Saturday as crowds, mostly women and children, scrambled for charity, police authorities
December 21, 2024
Economy|Political|US
Low-income Americans are struggling. It could get worse
Low-income Americans are struggling. It could get worse
December 21, 2024
Business|Economy|Food|Health|US
Bird flu drives US egg prices to all-time highs before Christmas
U.S. wholesale egg prices are shattering records as an accelerating outbreak of bird flu in laying hens slashes supplies while shoppers buy more to bake
December 20, 2024
Asia|Business|Economy|Finance|Stock Markets
Stock market today: Wall Street rises to turn a dismal week into just a bad one
U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one
December 20, 2024
Americas|Economy|Finance|Political
Colombia's central bank delivers smaller rate cut than expected
Colombia's central bank on Friday cut its benchmark interest rate by 25 basis points to 9.50%, a smaller move than expected by markets, as it
December 20, 2024
Business|Economy|Finance|US
Fed's Goolsbee says policy uncertainty led to his shift on rate-cut path
Chicago Federal Reserve President Austan Goolsbee said on Friday he now projects a shallower rate-cutting path in 2025 than he had previously, but added he still believes the U.S. central
December 20, 2024
Business|Economy|Finance|Stock Markets|US
US PCE inflation cools in November
The personal consumption expenditures (PCE) price index rose a less-than-expected 0.1% in November, marking a cooler inflation picture than October's unrevised 0.2% gain, and, combined with
December 20, 2024
Economy|Finance|Political|US
Fed's Hammack says economic strength argued against rate cut
By Michael S.
December 20, 2024
Business|Economy|Finance|Political|World
Russia's central bank holds off on interest rate hike amid friction between inflation, war spending
Russia’s central bank has left its benchmark interest rate at a record 21%, holding off on further increases despite high consumer inflation fueled by the Kremlin’s war against Ukraine
December 20, 2024
Business|Economy|Finance|Political|US
The Fed’s go-to inflation gauge ticked up less than expected last month
The Fed’s go-to inflation gauge ticked up less than expected last month
December 20, 2024
Business|Economy|Finance|US
Federal Reserve's preferred inflation gauge shows price pressures eased last month
An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains
December 20, 2024
Business|Economy|Finance|World
Russia's Nabiullina on rate decision, rouble and monetary policy
Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank unexpectedly held its key rate at 21%.
December 20, 2024
Business|Economy|Finance|Political|World
Russian central bank keeps rates on hold after Putin's call for 'balance'
The Russian central bank kept its key interest rate on hold at 21% on Friday, surprising the market, which had expected a 2 percentage point
December 20, 2024
Economy|Europe|Food
Rising butter prices give European consumers and bakers a bad taste
Creamy, delectable – and pricey
December 20, 2024
Business|Economy|Europe|Finance|Political
Hungary's parliament backs 2025 budget plan, deficit target seen at risk
Hungary's parliament approved Prime Minister Viktor Orban's 2025 budget on Friday, shrugging off concerns by the Fiscal Council that the government's growth
December 20, 2024
Asia|Business|Economy
BOJ bids final farewell to Kuroda's radical policy experiment
In rare criticism of its past policies, the Bank of Japan said former governor Haruhiko Kuroda's stimulus didn't change consumer psychology as much as planned,
December 20, 2024
Asia|Business|Economy|Finance
Japan's core inflation accelerates, keeps BOJ rate-hike chance alive
Japan's core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday, keeping the central bank under pressure to raise
December 19, 2024
Business|Economy|Finance|Stock Markets|US
Stocks end flat after Fed-induced selloff as early bounce fades
U.S. stocks ended little changed on Thursday, giving up an initial rebound from a sharp drop in the prior session after the Federal Reserve forecast fewer-than
December 19, 2024
Asia|Business|Economy|Finance|Stock Markets|US
Stock market today: Wall Street ends little changed after giving up a big morning gain
An early rebound for U.S. stocks petered out by the end of the day, leaving indexes close to flat
December 19, 2024
Americas|Business|Economy|Finance
Bank of Mexico lowers key interest rate, opens door to larger cuts
Mexico's central bank lowered its benchmark interest rate by 25 basis points to 10.00% on Thursday and signaled larger rate cuts could be
December 19, 2024
Economy|Europe|Political
German parliament passes tax relief to offset inflation
German lawmakers passed a taxation reform on Thursday to combat the burden on households caused by higher inflation, with approval secured by the votes of the former coalition
December 19, 2024
Business|Economy|Finance|Political|US
IMF says Fed taking appropriate action on rates given high US uncertainty
The International Monetary Fund views Wednesday's Federal Reserve interest rate cut and adoption of a more cautious outlook as appropriate given high U.S.
December 19, 2024
Business|Economy|US
Seeing low-income consumers squeezed, retailers target $10 and under gifts
Retailers including Target and Walmart are stocking shelves with more toys and gifts such as Barbies that cost less than $10 this holiday season, a strategy
December 19, 2024
Business|Economy|Europe|Finance|Political
No need for ECB to start stimulating growth, Patsalides says
The European Central Bank should keep cutting interest rates by small increments and there is no need to ease policy to a level that starts stimulating economic
December 19, 2024
Business|Economy|Finance|Stock Markets|US
Markets fear Fed floor at 4%, dollar booms
A look at the day ahead in U.S. and global markets from Mike Dolan Although the Federal Reserve's "hawkish cut" on Thursday had been broadly expected, markets now fear 4% policy rates will be the
December 19, 2024
Economy|Political|World
Putin urges 'balanced' central bank rate decision for overheating economy
The Russian economy is showing signs of overheating which is stoking worryingly high inflation, President Vladimir Putin said, expressing hope
December 19, 2024
Business|Economy|Europe|Finance
Bank of England more split than expected over December rate decision
Bank of England policymakers voted 6-3 to keep interest rates on hold on Thursday, a bigger split than economists had predicted as officials
December 19, 2024
Business|Economy|Europe|Finance
Norway keeps rates on hold, eyes three cuts in 2025
Norway's central bank held its policy interest rate unchanged at a 16-year high of 4.50% on Thursday, as expected, and said it now planned to cut rates three times in 2025, down from
December 19, 2024
Business|Economy|Europe|Finance
Swedish central bank cuts policy rate, cautious on easing in 2025
Sweden's central bank cut its key interest rate by quarter of a percentage point to 2.50% as expected on Thursday, but said that after easing policy five times
December 19, 2024
Business|Economy|Finance|Political|US
Global central banks urge caution before Trump arrival
The imminent arrival of Donald Trump in the White House was already shaping global economic policy-making this week as the U.S.
December 19, 2024
Economy|Political|Technology|World
Putin's marathon press conference: what he said on Ukraine, Trump, Biden and Syria
Following are some of the key quotes from Russian President Vladimir Putin's annual phone-in and press conference.
December 19, 2024
Economy|Finance|Political|US
U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate
December 19, 2024
Economy|Finance|Political|Stock Markets|US
Jerome Powell just showed Donald Trump who’s boss
Jerome Powell just showed Donald Trump who’s boss
December 19, 2024
Economy|Europe|Finance|Political
Bank of England warns of 'heightened uncertainty' as it keeps interest rates on hold
The U.K.’s central bank has warned about “heightened uncertainty” as it kept interest rates on hold after inflation moved further above target even at a time when the British economy is flatlining at best
December 19, 2024
Asia|Business|Economy|Finance|Political
BOJ keeps ultra-low rates, gives few clues on when it might hike
The Bank of Japan kept interest rates unchanged on Thursday and its governor offered few clues on how soon it could push up borrowing costs, sending
December 18, 2024
Business|Economy|Finance|Political|US
The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more
The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses
December 18, 2024
Asia|Business|Economy|Finance|Political
Investors react to BOJ's decision to keep rates steady
The Bank of Japan kept interest rates steady on Thursday, as policymakers preferred to tread cautiously in pushing up borrowing costs amid uncertainty over U.S. president-elect Donald
December 19, 2024
Asia|Business|Economy
BOJ keeps rates steady by 8-1 vote, board member Tamura dissents
The Bank of Japan kept interest rates steady on Thursday, underscoring policymakers' preference to spend more time scrutinising whether wage hikes will broaden and keep inflation
December 19, 2024
Business|Economy|Europe|Finance
Bank of England to keep rates steady as price pressures linger
The Bank of England looks set to hold interest rates at 4.75% on Thursday, despite signs of a slowing economy, as persistent inflation pressures limit it to a "
December 19, 2024
Asia|Business|Economy|Finance|Stock Markets
Fed's 'hawkish cut' slams markets, BOJ up next
A look at the day ahead in Asian markets. The Federal Reserve has spoken, and as far as investors are concerned, the message was clear - clearly hawkish.
December 18, 2024
Economy|Finance|Political|US
Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year
The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation
December 18, 2024
Economy|Finance|Stock Markets|US
Fed cuts rates 25 bp, scales back 2025 easing projections
The U.S.
December 18, 2024
Business|Economy|Finance|Political|US
Fed's Powell not ready to say what Trump policies will do to economy
By Michael S.
December 18, 2024
Business|Economy|Finance|US
Key takeaways from the Fed’s third rate cut
Key takeaways from the Fed’s third rate cut
December 18, 2024
Economy|Finance|Political|US
Fed policymakers project two quarter-point rate cuts next year
U.S. central bankers on Wednesday issued fresh projections calling for two quarter-point interest-rate cuts next year amid rising inflation, a forecast consistent
December 18, 2024
Business|Economy|Finance|Political|US
Powell has a long to-do list for his last full year as Fed chief
The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will likely be Fed Chair Jerome Powell's last full one at the helm of
December 18, 2024
Economy|Europe|Food|Political
Poland is selling its frozen butter reserves to curb soaring prices
Poland is selling its frozen butter reserves to curb soaring prices
December 18, 2024
Business|Economy|Europe|Finance|Political
ECB's Wunsch says weaker euro may take edge off US tariffs
A weaker euro falling to parity with the dollar would cushion the impact of any new U.S. tariffs on euro zone growth although it would push up
December 18, 2024
Asia|Business|Economy
Bank of Korea says 'low-inflation' era not coming in the next year or two
South Korea's central bank will maintain its inflation target of 2% until the next policy review, as the era of "low-inflation" is unlikely to come in a year or two, the bank's
December 18, 2024
Americas|Business|Economy
Chile central bank cuts interest rate but calls for caution
Chile's central bank cut its benchmark interest rate by 25 basis points to 5.00% on Tuesday, extending an easing cycle that began last year
December 17, 2024
Business|Economy|Finance|Food|Travel
Canada's inflation rate ticks down to 1.9% in November
Canada's annual inflation rate unexpectedly dropped by a tick to 1.9% in November, driven by a broad-based slowdown in prices, while the
December 17, 2024
Business|Economy|Europe|Finance
Hungary central bank leaves base rate steady for third straight month
Hungary's central bank left its base rate steady at the European Union's joint highest level of 6.5% on Tuesday, as widely expected, after
December 17, 2024
Business|Economy|Finance|Political|US
Americans may have to actually brace for stagflation with Trump tariffs
Americans may have to actually brace for stagflation with Trump tariffs
December 17, 2024
Asia|Business|Economy|Finance
Philippine central bank to cut rates by 25 bps on Dec 19, three more times in 2025: Reuters poll
The Philippine central bank will cut its key policy rate by a quarter point for the third time in a row on Thursday as inflation stays under control and the
December 17, 2024
Asia|Business|Economy|Finance
Pakistan central bank cuts key rate by 200 bps, fifth in a row
Pakistan's central bank cut its key policy rate by 200 basis points to 13% on Monday, it said in a statement, its fifth straight reduction since June as the country
December 16, 2024
Business|Economy|Finance|Political|US
US factory activity slumps further in December as tariffs loom
U.S. manufacturing activity contracted further in December, with a measure of factory output dropping to the lowest level in more than 4-1/2 years amid worries
December 16, 2024
Business|Economy|Europe|Finance
ECB expects more rate cuts as inflation fears abate
The European Central Bank expects to cut interest rates further if inflation settles at its 2% target as it expects, some of the ECB's top brass said on Monday.
December 16, 2024
Americas|Business|Economy|Political
Argentina's economy expands 3.9% in Q3 versus Q2
Argentina's economy in the July to September period notched its first quarter-on-quarter economic expansion since entering a technical recession at the end 2023, but
December 16, 2024
Business|Economy|Finance|Political|World
Bank of Canada: world is now more prone to shocks than we'd like
Bank of Canada Governor Tiff Macklem on Monday said the world was now more prone to economic shocks and the central bank therefore needed to ensure it was
December 16, 2024
Americas|Business|Economy|Political|World
As Bolivia's big state economic model slowly implodes, fear of 'total crisis'
Housewife Yola Chura worried about high food prices while shopping at a market in Bolivia's highland city of El Alto, where she and many others are struggling
December 16, 2024
Business|Economy|Europe|Political
UK employers cut staffing, turn more pessimistic as budget bites
British businesses cut staffing by the most since the COVID pandemic and reported the sharpest confidence drop also since the lockdowns, according to two surveys
December 16, 2024
Asia|Business|Economy|Food
India's Tata faces pressure in Starbucks joint venture as consumers cut back
India's Tata Consumer Products will push back plans for some new Starbucks store openings until later in its existing schedule as fewer customers are walking into its
December 16, 2024
Economy|Finance|Political|US
Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting
December 15, 2024
Business|Economy|Europe|Finance|Political
ECB is confident that inflation will converge to target in 2025, De Guindos says
The European Central Bank is confident that inflation will converge to the 2% goal in 2025 as is reflected in its monetary policy, ECB's Vice-President Luis de Guindos said on
December 16, 2024
Business|Economy|Europe|Finance
Europe's jobs market continues to soften
Europe's labour market softened in the third quarter, data releases showed on Monday, pointing to a further decline in inflation pressures that could justify more interest rate
December 16, 2024
Asia|Business|Economy|Finance
Taiwan set to hold rates steady with strong economy, lingering inflation: Reuters poll
Taiwan's central bank is expected to keep its policy interest rate unchanged this week and to stay the course throughout next year given the strong economy and as it deals with
December 16, 2024
Business|Economy|Food|Lifestyle|Political
Food prices are on the rise again. What’s behind the increase
Food prices are on the rise again. What’s behind the increase
December 15, 2024
Economy|Finance|MidEast
Israel's inflation slips to 4-month low of 3.4% in November
Israel's inflation dipped in November, data from the Central Bureau of Statistics showed on Sunday, but staying above target and likely not enough to push
December 15, 2024
Business|Economy|Finance|MidEast
Saudi Arabia's inflation reaches 2% in November
Saudi Arabia's annual inflation rate continued to slowly accelerate, hitting 2% in November compared to 1.9% in October, according to government data released on Sunday, again
December 15, 2024
Economy|Finance|Stock Markets|US
Fed rate view in focus as robust stocks year draws to close
A banner year for U.S. stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await the central bank's guidance on
December 13, 2024
Economy|Finance|Political|US
Economists' 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year
Home shoppers hoping for more attractive mortgage rates next year may be disappointed
December 13, 2024
Business|Economy|Europe|Finance
Big banks expect a quarter-point cut for ECB's first meeting of 2025
Major brokerages including Bank of America, Goldman Sachs and Citigroup expect the European Central bank to cut interest rates by 25 basis points again at its first meeting of 2025 on Jan.
December 13, 2024
Business|Economy|Finance|US
Marginal rise in US import prices suggests inflation pressures may subside
U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere thanks to a strong dollar,
December 13, 2024
Business|Economy|Finance|Stock Markets|US
US equity funds gain sixth weekly inflow on Fed rate cut expectations
U.S. investors snapped up equity funds for a sixth consecutive week through Dec. 11, spurred by the potential for a Federal Reserve interest rate cut at the upcoming meeting, amid signs of
December 13, 2024
Economy|Europe|Political
German liberals to side with government on tax relief bill, letter shows
Germany's Free Democrats (FDP), which moved into opposition with the collapse of Chancellor Olaf Scholz's coalition last month, will support legislation to offset the burden of
December 13, 2024
Business|Economy|Finance|Political|US
US data has Fed striding toward rate cut next week, and tip-toeing into 2025
Investors view it as a near given that the U.S.
December 13, 2024
Business|Economy|Political|US
Americans are sour on tariffs if they spark inflation, Reuters/Ipsos poll finds
Americans don't think import tariffs are a good idea if they lead to higher prices and are skeptical they would help U.S. workers, a Reuters/
December 13, 2024
Business|Economy|Europe
Germany faces lethargic growth, potential hit from Trump, Bundesbank says
Germany's economy will shrink for the second year in a row this year and its recovery will be lacklustre, potentially exacerbated by a trade war with the United States,
December 13, 2024
Asia|Business|Economy
Japan Nov inflation likely accelerated, exports up on weak yen: Reuters poll
Japan's core consumer price inflation probably accelerated in November, driven by persistently high rice prices and the phasing out of utility subsidies, a Reuters poll showed on
December 13, 2024
Asia|Business|Economy|Finance
BOJ leaning toward keeping rates steady next week, sources say
The Bank of Japan is leaning toward keeping interest rates steady next week as policymakers prefer to spend more time scrutinising overseas risks and clues on next
December 12, 2024
Americas|Economy|Political
Argentina economy seen shrinking 2.6% in Q3, but recession could break
Argentina's economy is expected to have contracted 2.6% in the third quarter of 2024 versus a year earlier, the sixth straight such decline, but expanded
December 12, 2024
Economy|Election|Food|Political|US
Trump just said groceries will be more affordable ‘very soon.’ He’s also said that might be very hard to achieve
Trump just said groceries will be more affordable ‘very soon.’ He’s also said that might be very hard to achieve
December 12, 2024
Business|Economy|Finance|Stock Markets|US
Stifel expects S&P 500 to peak in early 2025 before falling
Stifel expects the S&P 500 index to peak in the first half of 2025, then fall 10% to 15% in the second half of the year, the brokerage said on Thursday citing concerns about slower
December 12, 2024
Business|Economy|Europe|Finance
ECB cuts interest rates for fourth time this year
The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to further easing ahead as inflation closes in on its goal and the
December 12, 2024
Business|Economy|Finance|US
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago
December 12, 2024
Business|Economy|Europe|Finance|World
SNB cuts interest rate 50 basis points, biggest reduction in nearly a decade
The Swiss National Bank cut its interest rate by 50 basis points on Thursday, its biggest reduction in almost 10 years, responding to weaker than expected inflation in
December 12, 2024
Business|Economy|Europe
Germany to grow between 0.4% and 1.1% in 2025, Ifo Institute says
Germany will grow by only 0.4% next year if it fails to overcome structural challenges but can achieve 1.1% growth if the right economic policy course is set, the
December 12, 2024
Economy|Europe|Finance|Political|Stock Markets
ECB, Swiss set to cut, but by how much?
A look at the day ahead in European and global markets from Kevin Buckland A momentous couple weeks for global central banks brings policy decisions from two of the biggest on Thursday: the European
December 12, 2024
Americas|Business|Economy
Brazil's central bank hikes more than expected, signals more tightening ahead
Brazil's central bank raised interest rates by a greater-than-expected 100 basis points on Wednesday and pointed to matching hikes for the next two meetings,
December 11, 2024
Business|Economy|Finance|Political|US
US inflation ticked up last month as some price pressures remain persistent
Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated
December 11, 2024
Americas|Economy|Political
Argentina inflation hits four-year low as locals dare to hope the worst is over
Argentina's monthly inflation rate slowed to 2.4% in November, the lowest in over four years, the official INDEC statistics
December 11, 2024
Business|Economy|Finance|US
US consumer prices post largest rise in seven months; rents finally slowing
U.S. consumer prices increased in November by the most in seven months, but the Federal Reserve was still expected to deliver a third consecutive interest rate
December 11, 2024
Business|Economy|Food|Health|Political|US
It’s not just you: McDonald’s really was everywhere this year
It’s not just you: McDonald’s really was everywhere this year
December 11, 2024
Economy|Finance|Political|Stock Markets|US
China's yuan plans and a look at inflation
A look at the day ahead in U.S. and global markets by Amanda Cooper. The dollar's supremacy has been one of the big stories of 2024 and, based on U.S.
December 11, 2024
Africa|Business|Economy|Finance
South Africa inflation rises less than expected, helped by food
South Africa's inflation rate rose less than expected in November, staying just below the central bank's target range thanks to food inflation slowing to its
December 11, 2024
Business|Economy|Europe|Finance
Bank of England set to stay in central bank slow lane and keep rates on hold
The Bank of England looks set to keep interest rates on hold next week as it moves more slowly to cut borrowing costs than central banks in Europe and the
December 11, 2024
Economy|Political|US
Biden hails economic record, warns against Republican return to 'trickle-down economics'
U.S.
December 10, 2024
Asia|Business|Economy|Finance|Stock Markets|US
US dollar rises, Aussie drops after Chinese trade data
The dollar rose on Tuesday ahead of U.S. inflation data that could offer clues about the Federal Reserve's monetary-easing path, while analysts assess the likely
December 10, 2024
Asia|Australia|Business|Economy|Stock Markets
Global shares fall, dollar climbs ahead of inflation report
Global equities retreated and the dollar rose on Tuesday as investors awaited fresh inflation data and further economic news later in the week.
December 10, 2024
Business|Economy|US
US average gasoline price drops below $3 a gallon for the first time since 2021
Average U.S. gasoline prices fell below $3 a gallon for the first time in over three years on Monday, extending a run of bargains at the pump for
December 09, 2024
Business|Economy|Finance|Political|US
Federal Reserve to cut rates by 25 bps on Dec. 18, pause in January- Reuters poll
The U.S.
December 10, 2024
Africa|Business|Economy|Finance|MidEast
Egypt's inflation dips to near two-year low of 25.5% in November
Egypt's annual urban consumer price inflation rate dropped more than expected to 25.5% in November, its lowest since December 2022, data from statistics agency CAPMAS showed on
December 10, 2024
Asia|Business|Economy
Philippines GDP growth hit by typhoons, but outlook robust, says World Bank
The Philippine economy is expected to grow more slowly than first thought this year after the country was hit by a series of typhoons but should be more robust in 2025 and 2026, the
December 10, 2024
Asia|Economy|Europe|Finance|Stock Markets
China policy talk lifts stocks but bonds balk
A look at the day ahead in European and global markets from Tom Westbrook China's equity markets have chosen to run with the authorities' latest vague promise of support for the sputtering economy,
December 10, 2024
Australia|Business|Economy|Finance
Australia central bank leaves door open to February rate cut
Australia's top central banker on Tuesday left open the door to a cut in interest rates as early as February, but emphasised the flow of economic data would have to give the bank
December 10, 2024
Business|Economy|Europe|Finance
SNB to cut rates 25 bps on Dec. 12, to reach zero or close next year
The Swiss National Bank will again cut its key policy rate by 25 basis points on Dec. 12, according to an over-85% majority of economists polled by Reuters, with
December 09, 2024
Australia|Business|Economy|Finance|Stock Markets
Australia's central bank closer to cutting rates, Feb not ruled out
Australia's central bank is getting closer to joining its peers in cutting interest rates, having sat tight for over a year now, but much will depend on
December 10, 2024
Economy|Finance|Political|US
US consumers expect higher inflation and better economy, New York Fed says
By Michael S.
December 09, 2024
Business|Economy|Finance|Stock Markets|US
'Bond vigilante' PIMCO trims long-term US sovereign debt holdings
PIMCO said on Monday it plans to diversify its government bond exposure by buying outside the United States, where its outlook on long-term government debt is
December 09, 2024
Africa|Business|Economy|Finance|Stock Markets
South African rand firms as gold gets boost, data-packed week ahead
South Africa's rand jumped on Monday at the start of a week packed with economic data releases, as gold prices climbed after China's central bank resumed purchases of the
December 09, 2024
Americas|Economy|Political
Argentina's Mr Market Javier Milei wants to make austerity great again
Argentina's libertarian President Javier Milei laid out a bleak vision in his maiden speech a year ago amid an economic crisis.
December 09, 2024
Americas|Australia|Business|Economy|Europe|Finance|Political|Stock Markets|US
Crypto gain, Europe pain
Bitcoin smashing the $100,000 barrier raises the prospect of the cryptocurrency going mainstream, U.S. inflation data will show how much pressure there is on the Fed to adjust rates and
December 06, 2024
Business|Economy|Europe|Finance|Political
The pressure's on: Five questions for the ECB
The European Central Bank looks set to cut rates again on Thursday as inflation heads down, and financial markets are keen for a sense of
December 06, 2024
Business|Economy|Finance|Stock Markets|US
Inflation report poses test for stocks rally as Fed meeting looms
An inflation report in the coming week will test the strength of the record-setting U.S. stocks rally and provide a crucial piece of data that could factor into
December 06, 2024
Business|Economy|Finance|US
Fed seen poised to cut rates this month, debate 2025 pause
Federal Reserve officials appear on track to cut interest rates this month after data showed the U.S. labor market remained
December 06, 2024
Business|Economy|Finance|US
Fed's Goolsbee hopes neutral can be in sight by late next year
Chicago Federal Reserve president Austan Goolsbee said that economic conditions will determine how fast the Federal Reserve cuts rates from here, but added he
December 06, 2024
Business|Economy|Food|US
Chipotle is raising US prices after promising bigger portions
Chipotle is raising its U.S. prices to offset inflation and to compensate for a promise to increase portion sizes
December 06, 2024
Economy|Finance|Political|US
Fed's Bowman, worried by inflation, calls for caution on rate cuts
By Michael S.
December 06, 2024
Americas|Business|Economy|Finance
Brazil central bank to step up rate hike campaign on Dec. 11- Reuters poll
The Brazilian central bank will step up its campaign to raise interest rates with a big 75 basis point hike on Dec. 11, possibly also hinting at more
December 06, 2024
Africa|Economy|Food|Political
Nigeria's Senate seeks to criminalise corn exports to tackle hunger
Nigeria's Senate has passed a bill seeking to make it a crime to export large quantities of unprocessed corn in an effort to alleviate hunger in the West African
December 06, 2024
Business|Economy|Europe|Finance
ECB would welcome a weaker euro :Mike Dolan
The European Central Bank would happily, if quietly, cheer an even weaker euro exchange rate - and may be far more wary of the opposite at just the wrong time.
December 06, 2024
Asia|Business|Economy|Finance|US
BOJ is holding cards close to its chest on December rate hike
The Bank of Japan is staying guarded on the timing of the next rate hike with December hardly a done deal given soft consumption, its governor's cautious decision-
December 06, 2024
Asia|Business|Economy|Finance
India's RBI supports growth with liquidity boost but holds rates amid high inflation
The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio that banks are required to hold for
December 06, 2024
Business|Economy|Europe|Finance|Political
UK employers cut growth forecasts as tax hikes weigh on economy
One of Britain's leading employers' groups on Friday cut its estimate for economic growth next year due to measures in the new government's first budget,
December 06, 2024
Asia|Business|Economy|Finance|Stock Markets
India cenbank may ease policy Friday through liquidity if not rates, analysts say
The Reserve Bank of India may ease monetary conditions on Friday by reducing banks' cash reserve ratios after economic growth slowed to a seven-quarter low, but
December 06, 2024
Australia|Business|Economy|Finance
RBA to hold rates steady in December, first cut pushed to Q2: Reuters poll
Australia's central bank will hold interest rates steady on Tuesday as a resilient labour market keeps inflation elevated, according to economists
December 06, 2024
Americas|Economy|Political
Argentina central bank cuts benchmark interest rate to 32%
Argentina's central bank on Thursday lowered its benchmark interest rate to 32% from 35%, as the South American nation makes headway in its fight to tame triple-digit inflation.
December 05, 2024
Business|Economy|Food|US
Chipotle Mexican Grill lifts menu prices as input costs rise
Chipotle Mexican Grill said on Wednesday it has raised menu prices by about 2%, as the burrito chain counters higher input costs in the midst of a choppy demand environment for restaurants
December 04, 2024
Business|Economy|Finance|News|US
Retail sales rise 0.6% in August from July as inflation on many items eases but economic challenges remain
Retail sales rise 0.6% in August from July as inflation on many items eases but economic challenges remain
September 14, 2023
Business|Economy|Finance|US
Federal Reserve is poised to leave rates unchanged as it tracks progress toward a 'soft landing'
Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools
September 18, 2023
Business|Economy|Europe|Finance
Sweden's central bank hikes key interest rate, saying inflation is still too high
Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”
September 21, 2023
Asia|Business|Economy|Finance|Stock Markets
Risk is back on the menu for sovereign and public funds, survey shows
Sovereign and public funds managing $6.5 trillion are putting risk back on the menu as inflation fears fall from the list of top concerns, and are betting big on
December 05, 2024
Economy|Election|Finance|Political|US
Why Trump and the Federal Reserve could clash in the coming years
President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households
December 04, 2024
Business|Economy|Europe|Finance|Political
Key quotes from ECB policymakers ahead of likely rate cut on Dec 12
Following are quotes from ECB policymakers in the run-up to the Dec 12 policy meeting where a rate cut is almost certain and only the size is up for debate, with most seemingly
December 05, 2024
Business|Economy|Environment|Technology|World
Business leaders fear recession, labour shortages, World Economic Forum says
Business leaders globally are worried about the risk of recession, labour shortages and rising inflation, despite some signs of improvement in economic conditions, a World Economic
December 05, 2024