News
China June exports growth set to cool, but AI demand underpins overall strength
1+ hour, 37+ min ago (477+ words) BEIJING, July 13 (Reuters) – China’s exports likely grew at a slightly slower but still-solid pace in June, as firms accelerated shipments to the U.S. ahead of possible new tariffs, rode the AI boom, and competed aggressively on prices to win…...
Egypt’s January-March current account deficit widens to $5.1 billion
19+ hour, 21+ min ago (151+ words) July 12 (Reuters) – Egypt’s current account deficit more than doubled to $5.1 billion in the January-March quarter from $2.3 billion a year earlier, central bank data showed on Sunday. • Net foreign direct investment inflows edged down to $3.7 billion from $3.8 billion in the same…...
Warsh task force members get an A at the outset, but results will need broad buy-in
2+ day, 14+ hour ago (557+ words) WASHINGTON, July 10 (Reuters) – At a moment of political polarization and a White House distancing itself from “globalization,” Federal Reserve Chairman Kevin Warsh’s choice of foreign central bankers and Obama-era appointees on his Fed reform task forces has gotten strong early…...
Bank of Canada to hold rates steady in 2026 as inflation risks appear contained: Reuters Poll
2+ day, 14+ hour ago (485+ words) BENGALURU, July 10 – The Bank of Canada will hold its overnight rate at 2.25% on July 15 and keep it there well into next year as price pressures remain largely contained and the economy gradually recovers, a Reuters poll showed. While inflation rose…...
Factbox-Who is on Fed chief Warsh’s review taskforces?
2+ day, 16+ hour ago (563+ words) July 10 (Reuters) – Federal Reserve Chairman Kevin Warsh on Thursday announced those he has tapped to lead a sweeping review of how the U.S. central bank conducts its policy operations. Here’s a short take on each of the 13 men and two…...
Canada’s economy posts modest job gains in June, unemployment rate edges down
2+ day, 16+ hour ago (530+ words) OTTAWA, July 10 (Reuters) – Canada’s economy added a net of 18,200 jobs in June and the unemployment rate edged down to 6.5%, data showed on Friday, slightly beating estimates and continuing the momentum seen in the prior month despite the lingering trade uncertainty....
BOJ may raise growth forecast, maintain vigilance to inflation risk, sources say
2+ day, 20+ hour ago (727+ words) By Leika Kihara and Takahiko Wada TOKYO, July 10 (Reuters) – The Bank of Japan may revise up its economic growth forecast for fiscal 2026 and keep its focus on the risk of an inflation overshoot as rising costs from a weak yen…...
French inflation rises 2.0% in June
2+ day, 21+ hour ago (119+ words) July 10 (Reuters) - Consumer prices in France rose 2.0% year-on-year in June on an EU-harmonised basis, statistics office INSEE said on Friday, confirming a preliminary reading published earlier this month. The harmonised inflation rate in t... July 10 (Reuters) â Consumer prices in…...
ECB is back to square one as US-Iran war resumes
2+ day, 21+ hour ago (210+ words) July 10 (Reuters) – The European Central Bank is back to square one in its fight against high inflation in the euro zone after new hostilities between the U.S. and Iran caused energy prices to rise again, ECB policymaker Yannis Stournaras…...
German inflation confirmed at 2.4% y/y in June
2+ day, 23+ hour ago (98+ words) BERLIN, July 10 (Reuters) - German inflation eased to 2.4% in June, the federal statistics office said on Friday, confirming preliminary data. Inflation, or the gain in consumer prices harmonised to compare with other European Union countr... German inflation confirmed at 2.4% y/y…...