News
South Korea exports post strongest growth since 1978 on AI chip boom
4+ hour, 54+ min ago (412+ words) SEOUL, July 1 (Reuters) " South Korea's exports expanded at the strongest pace in nearly half a century last month, smashing forecasts, on a surge in chip sales propelled by the global boom in "AI investment. Exports from Asia's fourth-largest economy rose…...
German headline inflation eases in June, core stabilises
17+ hour, 43+ min ago (302+ words) BERLIN, June 30 (Reuters) " German inflation slowed in June on lower energy prices while core inflation stabilised, easing concerns that price pressures from the Iran "war could spread more widely through the economy. Inflation "eased to 2. 4% from 2. 7% in May, preliminary data…...
Canada's GDP rebounds in April, posts 0. 5% growth on monthly basis
17+ hour, 8+ min ago (114+ words) 93. 3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! Canada's GDP rebounds in April, posts 0. 5% growth on monthly basis OTTAWA, June 30 (Reuters) " Canada's economy rebounded more than expected in April, data showed on Tuesday, following a slight contraction…...
Surprisingly quick oil price retreat eases urgency for ECB to act, sources say
1+ day, 1+ hour ago (452+ words) By Francesco Canepa and Balazs Koranyi SINTRA, Portugal, June 30 (Reuters) " The unexpectedly rapid retreat in energy prices in the past week has further taken pressure off European Central Bank policymakers to lift interest rates next month but the "case for…...
Brazil sees government spending share easing to 19% of GDP this year
1+ day, 16+ hour ago (418+ words) BRASILIA, June 29 (Reuters) " Brazil's government expects total spending as a share of gross domestic product to decelerate and end the year at around 19%, Treasury Secretary Daniel Leal said on Monday. Treasury data released "earlier in the day showed the indicator…...
Euro zone corporate lending growth at 3-year high, ECB says
1+ day, 21+ hour ago (123+ words) 93. 3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! Euro zone corporate lending growth at 3-year high, ECB says LONDON, June 29 (Reuters) " Bank lending to euro "zone companies grew at its fastest pace in three years in May,…...
Borrowed money fueling US stock rally is getting more expensive
1+ day, 19+ hour ago (670+ words) NEW YORK, June 29 (Reuters) " The borrowed money helping to fuel the U. S. stock rally is getting more expensive, and some on Wall Street are starting to wonder how much longer the math will work. Inflows into leveraged exchange-traded products, rising stock…...
Iran war developments, Fed rate path cues in focus for Indian rupee and bonds
2+ day, 4+ hour ago (493+ words) By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, June 29 (Reuters) " Renewed Middle East hostilities, foreign portfolio flows and U. S. rate-hike bets will drive the Indian rupee and government bonds as traders return from a long weekend. The rupee closed at 94. 3950 per U. S. dollar…...
Dollar poised for best month in nearly a year; eyes on jobs data, Gulf tension
2+ day, 3+ hour ago (451+ words) HONG KONG, June 29 (Reuters) " The U. S. dollar was on the defensive on Monday but remained on track for its biggest monthly gain in nearly a year, due to tension in the Gulf and ahead of jobs "data that could shape the…...
Japan targets more than doubling real growth to over 1% in economic blueprint
2+ day, 3+ hour ago (317+ words) TOKYO, June 29 (Reuters) " Japan's government will aim to entrench annual real economic growth of more than 1%, according to the draft of its long-term economic "blueprint that marks an ambitious target that would more "than double the current pace. The draft…...