News
Bank of Israel resumes rate cuts as inflation stable despite war
3+ hour, 43+ min ago (293+ words) JERUSALEM, May 25 (Reuters) " The Bank of Israel lowered short-term interest rates for the third time in six months on Monday, citing a large appreciation "of the shekel and stable inflation, while cautioning that "geopolitical uncertainty remains high. The central bank,…...
Nigeria economic growth slows slightly in first quarter
3+ hour, 24+ min ago (208+ words) ABUJA, May 25 (Reuters) " Nigeria's economy grew 3. 89% year-on-year in the first quarter of 2026, down slightly from "the final quarter of last year's "4. 07% growth rate, official data showed on Monday. " Growth slowed in both the oil and non-oil sectors when compared with…...
Singapore core inflation at 1. 4% on year in April, lower than expected
12+ hour ago (153+ words) SINGAPORE, May 25 (Reuters) - Singapore's key consumer price gauge rose "1. 4% in April "from a year earlier, official data showed on Monday, below economists' expectations. The "core "inflation "rate, which excludes "private road transport and accommod. .. SINGAPORE, May 25 (Reuters) " Singapore's key consumer…...
Singapore economy grows 6% y/y in Q1, above advance estimate
17+ hour, 2+ min ago (221+ words) SINGAPORE, May 25 (Reuters) " Singapore's economy grew 6. 0% in the first quarter of 2026 from a year earlier, government "data showed on Monday, higher than "an official advance estimate of 4. 6%. On a quarter-on-quarter, seasonally adjusted basis, gross domestic product expanded by 1. 0% in the…...
Analysis-US Treasury rout tests Washington's tolerance for higher borrowing costs
1+ day, 3+ hour ago (789+ words) By Gertrude Chavez-Dreyfuss and Nandita Bose NEW YORK/WASHINGTON, May 24 (Reuters) " President Donald Trump's room to wage war while maneuvering on economic policy is being tested by a force largely beyond his control: the bond market. Trump says Washington and…...
Bangladesh central bank unveils $4. 9 billion in stimulus as growth slows
2+ day, 1+ hour ago (308+ words) DHAKA, May 23 (Reuters) " Bangladesh's central bank on Saturday announced a 600 billion taka ($5 billion) stimulus package to revive shuttered factories and support businesses as economic "growth slows. The package aims to restart production, create jobs "and restore business confidence, as export-oriented…...
Warsh elected chair of U. S. Fed's rate-setting committee
2+ day, 20+ hour ago (128+ words) May 22 (Reuters) - The U. S. Federal "Reserve on "Friday said Kevin Warsh had taken "the "oath "of office "as chairman and member of the "Board of Governors, "and "that its "interest-rate-setting Federal Open "Market Committee had "unanimously selected. .. Warsh elected chair of…...
Mexico economy shrinks in first quarter, but beats bleakest forecasts
3+ day, 3+ hour ago (254+ words) MEXICO CITY, May 22 (Reuters) " Mexico's economy shrank 0. 6% in the first quarter from the previous three-month period, data from the national "statistics agency INEGI showed on Friday, compared "with a 0. 8% decline expected by economists in a Reuters poll. Latin America's second-largest…...
Fed's Waller ready to axe "easing bias,' though not advocating rate hikes yet
3+ day, 2+ hour ago (415+ words) By Balazs Koranyi and Howard Schneider FRANKFURT, May 22 (Reuters) " Federal Reserve Governor Christopher Waller, an influential voice in policymaking who until recently had advocated for lower interest rates, on Friday said the Fed should axe the "easing bias" from its…...
US consumer sentiment plumbs record lows in May; inflation expectations increase
3+ day, 2+ hour ago (224+ words) WASHINGTON, May 22 (Reuters) - U. S. consumer sentiment plunged to a record low in May as surging gasoline "prices because of the "war with Iran fueled anxiety over worsening affordability, a survey showed on Friday. The University of Michigan's Surveys. .. WASHINGTON, May 22 (Reuters)…...