News
Australian budget seeks to balance bold reform with inflation restraint
3+ hour, 11+ min ago (554+ words) SYDNEY, May 12 (Reuters) " Australia is set to deliver a narrower than previously flagged budget deficit on Tuesday as the government banks commodity-driven revenue windfalls, while seeking to bring forward politically sensitive reforms without stoking inflation. Figures from Treasury showed budget…...
Departing Bank of Korea board member says policy should focus on inflation control
12+ hour, 32+ min ago (369+ words) SEOUL, May 11 (Reuters) " South Korea's central bank needs to prioritise controlling inflation as it could exceed the target rate after the war in Iran drove up energy prices, an outgoing member "of the policy-setting board said on Monday. "If there…...
Japan panel members urge BOJ to heed firms" funding strains amid Mideast tensions
15+ hour, 49+ min ago (416+ words) TOKYO, May 11 (Reuters) " Private-sector members of Japan's key economic advisory panel urged the Bank of Japan on Monday to be cautious about the risk of funding strains on smaller firms from prolonged tensions "in the Middle East. The proposals, submitted…...
Colombia 12-month inflation edges up in April
3+ day, 2+ hour ago (242+ words) May 8 (Reuters) " Colombia's consumer prices rose 0. 78% in the fourth month of 2026, the country's DANE statistics agency "said on Friday, taking cumulative 12-month "price growth to 5. 68%. April's inflation data was a touch above the 0. 73% expectation of analysts polled by Reuters, and…...
US stock futures rise as chips rebound ahead of jobs data | The Mighty 790 KFGO
3+ day, 9+ hour ago (516+ words) By Sruthi Shankar and Utkarsh Hathi May 8 (Reuters) " U. S. stock index futures rose on Friday as a recovery in chipmakers helped offset worries about renewed U. S. -Iran tensions, while investors looked ahead to crucial employment report. By 06: 56 a. m. ET, Dow E-minis rose 119points, or0. 24%. S…...
Strong US jobs data complicates any Warsh push for lower rates
3+ day, 9+ hour ago (642+ words) NEW YORK, May 8 (Reuters) " Strong U. S. hiring data in April dealt prospective Federal Reserve Chair Kevin Warsh's hopes of cutting interest rates a setback on Friday, giving officials greater latitude to use monetary policy to tackle increasingly high inflation. The U. S. economy…...
US job growth beats expectations in April; unemployment rate steady at 4. 3% | The Mighty 790 KFGO
3+ day, 12+ hour ago (338+ words) WASHINGTON, May 8 (Reuters) " U. S. employment increased more than expected in April while the unemployment rate held steady at 4. 3%, pointing to labor market resilience and reinforcing expectations that the Federal Reserve would "leave interest rates unchanged for some time. Nonfarm payrolls increased…...
April jobs report shows continued strength
3+ day, 12+ hour ago (761+ words) NEW YORK, May 8 (Reuters) " U. S. employment increased more than expected in April while the unemployment rate held steady at 4. 3%, pointing to labor market resilience and reinforcing expectations that the Federal Reserve would leave interest rates unchanged for some time. Nonfarm payrolls…...
India's April consumer inflation likely rose to 3. 8% as higher fuel costs weigh: Reuters poll
3+ day, 18+ hour ago (489+ words) BENGALURU, May 8 (Reuters) " India's annual consumer inflation likely moved closer to the central bank's 4% medium-term target in April as higher fuel costs following the U. S. -Iran war began feeding into prices, a Reuters poll of economists showed. Inflation has "remained below…...
Germany's March exports beat expectations, but industrial output falls
3+ day, 17+ hour ago (296+ words) BERLIN, May 8 (Reuters) " German exports rose unexpectedly in March, official data showed on Friday, lifted by higher demand from Europe, as industrial output fell despite a forecast rise, "dampened by a drop in energy production. German exports rose 0. 5% "in March…...