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Uncertainty is ‘poison for economic growth’, German finance minister says
4+ hour, 52+ min ago (295+ words) BERLIN, Sept 1 (Reuters) – Geopolitical uncertainty is weighing on global growth and G20 countries must work to reduce it, German Finance Minister Lars Klingbeil said on Tuesday. “Uncertainty is poison for economic growth,” he said on the sidelines of a meeting of…...
Japan’s benchmark bond yield rises to 3% for first time in 30 years
13+ hour, 3+ min ago (624+ words) By Rocky Swift and Kevin Buckland TOKYO, Sept 1 (Reuters) – Japan’s benchmark 10-year bond yield hit 3% on Tuesday for the first time since September 1996, pushed higher by investor concerns about inflation, fiscal health and mounting pressure on the central bank to…...
India’s April-July fiscal deficit at 26.8% of 2026/27 target
1+ day, 7+ hour ago (156+ words) NEW DELHI, Aug 31 (Reuters) – India’s fiscal deficit in the months of April-July stood at 4.55 trillion rupees ($47.81 billion), or 26.8% of the target for the financial year ending March 31, government data showed on Monday. The deficit in the same period last year…...
Bessent pushes back on fears over US debt market strains
1+ day, 13+ hour ago (488+ words) By David Lawder and Leika Kihara ASHEVILLE, North Carolina, Aug 30 (Reuters) – U.S. Treasury Secretary Scott Bessent brushed aside concerns about turbulence in the U.S. government bond market, arguing that worries about rising debt and yields overlook the strength of the…...
Barclays sees two more Fed rate hikes this year after Warsh speech
1+ day, 12+ hour ago (254+ words) Aug 31 (Reuters) – Barclays expects the U.S. Federal Reserve to raise interest rates by 25 basis points in September and again in December after Chair Kevin Warsh’s latest remarks signalled a more hawkish stance, the brokerage said on Friday. Warsh told the…...
India’s April-June economic growth beats forecasts at 7.8% on surge in investment
1+ day, 7+ hour ago (571+ words) NEW DELHI, Aug 31 (Reuters) – India’s economy grew 7.8% in the April-June quarter, government data showed on Monday, comfortably beating expectations as a surge in investment and manufacturing activity added to strong consumer demand in the South Asian economy. The figure was…...
BOJ to speed up its tightening campaign, raise key rate to 1.25% in September: Reuters poll
6+ day, 20+ hour ago (514+ words) TOKYO, Aug 26 (Reuters) – The Bank of Japan will move more swiftly than previously expected and raise interest rates again in September, a majority of economists said in a Reuters poll, with the terminal rate also likely to be higher. Poll…...
South Korea’s SK Hynix union members reject wage agreement in vote
1+ week, 12+ hour ago (353+ words) SEOUL, Aug 25 (Reuters) – South Korean chipmaker SK Hynix’s union members narrowly rejected a tentative wage agreement on Tuesday, according to a source familiar with the matter. A total of 50.08% of the 15,045 workers who cast ballots voted against the agreement, the…...
UK productivity showing sustained improvement, economists say
1+ week, 1+ day ago (491+ words) LONDON, Aug 24 (Reuters) – Britain’s economic productivity is starting to show signs of sustained improvement, economists said on Monday, potentially marking the end of a prolonged slump that began around the 2008 financial crisis and appeared to worsen after the COVID-19 pandemic....
State’s unemployment rate dips slightly to 4.9% in July
1+ week, 4+ day ago (153+ words) 927thevan.com State’s unemployment rate dips slightly to 4.9% in July LANSING, MI (WKZO AM/FM) – Michigan’s seasonally adjusted unemployment rate dropped by one-tenth of a percentage point to 4.9 percent during July, according to data released Thursday by the Michigan Department of…...