News
Australian business sentiment crashes in March on worries about fallout from Iran war
3+ hour, 39+ min ago (232+ words) SYDNEY, April 14 (Reuters) " Australian business confidence plunged last month by a magnitude only seen during financial crises as the Iran "war gave rise to a global "oil shock, a survey showed on Tuesday. The survey from National Australia Bank showed…...
Japan finance minister asks trade minister to avoid remarks on BOJ policy
3+ hour, 56+ min ago (254+ words) TOKYO, April 14 (Reuters) " Japanese Finance Minister Satsuki Katayama said on Tuesday she and Prime Minister Sanae Takaichi had told the trade "minister to avoid commenting on the Bank "of Japan's monetary policy, stressing decisions on policy tools should be left…...
Singapore Q1 GDP up 4. 6% y/y, preliminary data shows, below expectations
5+ hour, 7+ min ago (118+ words) SINGAPORE, April 14 (Reuters) - Singapore's economy grew "by "4. 6% in the first quarter from a "year "earlier, "preliminary government "data showed on Tuesday. Economists polled by Reuters "had expected annual "growth "of 5. 9% "in the "January-March pe. .. SINGAPORE, April 14 (Reuters) " Singapore's economy grew…...
Australian consumer sentiment slumps on Iran war worries
4+ hour, 38+ min ago (216+ words) SYDNEY, April 14 (Reuters) " Australia's consumer sentiment slumped in April to its lowest in more than two years, a "survey showed on Tuesday, as "consumers seem to be unnerved by the impacts of the Iran conflict on the economy and future…...
Singapore central bank tightens monetary policy, as expected
4+ hour, 52+ min ago (274+ words) SINGAPORE, April 14 (Reuters) " Singapore's central bank tightened its monetary policy settings on Tuesday, in line with what most analysts polled L6 N40 P00 M by Reuters "had expected, as it forecast core inflation "to pick up and remain elevated over coming quarters. The…...
ECB's De Guindos says rate hikes will depend on Iran war's secondary effects
17+ hour, 8+ min ago (137+ words) MADRID, April 13 (Reuters) - The European Central Bank "will assess "whether to hike interest rates based on the second-round "inflationary "effects "of the "U. S. -Israeli war on Iran and its impact on energy "markets, ECB Vice President "Luis "de Guind. .. MADRID, April…...
Japan panel members urge multi-year budget framework for critical investments
19+ hour, 25+ min ago (304+ words) TOKYO, April 13 (Reuters) " Private-sector members of Japan's key economic advisory panel proposed a new multi-year budget framework on Monday to ensure stable "funding for investments deemed critical to economic security. The "recommendations align with Prime Minister Sanae Takaichi's push for…...
World Bank chief sounds alarm about looming jobs crisis even after war ends
22+ hour, 4+ min ago (699+ words) WASHINGTON, April 13 (Reuters) " The Middle East war will dominate global finance officials" talks this week in Washington, but World Bank President Ajay Banga is sounding the alarm about a bigger, looming crisis: a huge gap in jobs for the 1. 2 billion…...
Dollar jumps as failed US-Iran peace talks spark safe-haven push
1+ day, 6+ hour ago (579+ words) LONDON, April 12 (Reuters) " The dollar jumped against other major currencies in early Asia trading on Monday, as investors sought its relative safety after marathon talks between Washington and Tehran failed to yield a peace deal, plunging markets into a seventh…...
Economic shock of Middle East war to cast shadow over IMF, World Bank meetings
1+ day, 19+ hour ago (834+ words) WASHINGTON, April 12 (Reuters) " Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID…...