News
Argentina economic activity grows less than expected in April
8+ hour, 4+ min ago (169+ words) BUENOS AIRES, June 29 (Reuters) " Argentina's economic activity grew less than expected in April, "official data showed on Monday, "as gains in mining and agriculture were partly offset by weakness in manufacturing and commerce. The 1. 6% increase "in "Latin America's third-largest "economy…...
Europe's economic resilience gives ECB greater room to move rates, Lagarde says
8+ hour, 4+ min ago (418+ words) SINTRA, Portugal, June 29 (Reuters) " The euro zone economy appears to have built greater resilience to economic shocks, allowing the European Central Bank to raise interest rates more easily without fearing it would set off financial "stress, ECB President Christine Lagarde…...
Iran war developments, Fed rate path cues in focus for Indian rupee and bonds
1+ day, 1+ min ago (500+ 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…...
Japan targets more than doubling real growth to over 1% in economic blueprint
1+ day, 1+ min ago (324+ 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…...
Dollar poised for best month in nearly a year; eyes on Gulf tension, jobs data
1+ day, 1+ min ago (522+ words) HONG KONG, June 29 (Reuters) " The U. S. dollar held firm on Monday, on track for its biggest monthly gain in nearly a year, as Gulf tensions and elevated Treasury yields underpinned demand ahead of key jobs data later in the week. The…...
IMF chief economist says Fed reduction in rate guidance is "entirely appropriate
3+ day, 7+ hour ago (477+ words) WASHINGTON, June 26 (Reuters) " The International Monetary Fund's chief economist on Friday said Federal Reserve Chair Kevin Warsh's plan to reduce forward rate guidance on monetary policy was "entirely appropriate," although central banks would always need to provide some long-term "guidance…...
Brazil's jobless rate drops to 5. 6% in quarter through May
3+ day, 15+ hour ago (64+ words) 101 WIXX RIO DE JANEIRO, June "26 (Reuters) " "Brazil's jobless rate fell "to "5. 6% "in the "three months through May, "statistics agency "IBGE "said "on Friday, "in line with "market expectations. The median "forecast in a Reuters "poll "projected "an "unemployment "rate of…...
Fed's Williams: Inflation still too high, rate policy "well positioned' to lower price pressures
4+ day, 7+ hour ago (466+ words) June 25 (Reuters) " Federal Reserve Bank of New York President John Williams said on Thursday that while inflation pressures are likely to moderate this year they remain too high, as he pushed back his expectation of "getting inflation back to the…...
Yen finds footing near 40-year low as traders weigh intervention risks | 101 WIXX | Your Hit Music Station
4+ day, 2+ hour ago (529+ words) SINGAPORE, June 26 (Reuters) " The yen found renewed strength on Friday with traders wary of the intervention risks heading into the weekend, while the dollar weakened after the latest economic data and Federal Reserve comments led markets to pare rate-hike bets....
Bank of Canada consultations back 2% inflation target, flag affordability concerns
4+ day, 7+ hour ago (303+ words) OTTAWA, June 25 (Reuters) " The Bank of Canada's consultation on its monetary policy framework review found broad support for its 2% inflation target, but participants complained "about the disconnect between official inflation data and actual "price of goods, the bank said in…...