News
Japan considers policy wording change as BOJ independence fears roil bonds
9+ hour, 13+ min ago (611+ words) By Tamiyuki Kihara and Leika Kihara TOKYO, July 8 (Reuters) " Japan's government is considering revising language on monetary policy in its economic blueprint, a draft obtained by Reuters showed, as market fears it is infringing on central bank independence push bond…...
Five NATO members seen to spend over 3. 5% of GDP on core defence this year, alliance estimates show
16+ hour, 8+ min ago (302+ words) ANKARA, July 7 (Reuters) " Five NATO members are projected to meet the alliance's goal of spending 3. 5% of gross domestic product on core defence already "in 2026, according to updated NATO data published on "Tuesday ahead of a leaders' summit in Ankara, which…...
Bank of England could boost bond demand with leverage rule tweak, banks say
2+ day, 4+ hour ago (829+ words) LONDON, July 6 (Reuters) " The Bank of England could give Britain's government bond market a boost this week and lower public borrowing costs by more than "1 billion ($1. 3 billion) a year, banks say " but some former regulators warn a change in rules…...
Kenya private sector activity picks up in June, PMI shows
4+ day, 15+ hour ago (103+ words) NAIROBI, July 3 (Reuters) " Kenya's private sector activity picked up "in June, "breaking a run of three previous monthly contractions, a survey showed "on "Friday. The "Stanbic Bank Kenya "Purchasing Managers' Index rose to 50. 0 in June from 46. 6 "a month earlier. Readings…...
Britain's services sector contracts sharply under strain of Iran war, PMI shows
4+ day, 16+ hour ago (370+ words) LONDON, July 3 (Reuters) " Activity in Britain's dominant services sector contracted for a second month running in June and by the most since early 2023 as the fallout from the Iran war "continued to weigh on companies, a closely watched survey showed…...
Japan wage hikes top 5% for third year, backing BOJ rate-hike path
4+ day, 16+ hour ago (281+ words) By Makiko Yamazaki and Kentaro Sugiyama TOKYO, July 3 (Reuters) " Japanese companies agreed to wage hikes of more than 5% for a third year, the "nation's largest labour union group said on "Friday, signalling sustained pay increases are becoming firmly entrenched to…...
South Africa private sector returns to growth as inflation eases, PMI shows
4+ day, 16+ hour ago (354+ words) JOHANNESBURG, July 3 (Reuters) " South Africa's private sector returned to marginal growth in June as easing price pressures helped offset a second straight monthly decline in output and new orders, a "business survey showed on Friday. The S&P Global South…...
Russia's services downturn deepens as new business falls at fastest pace since December 2022, PMI shows
4+ day, 16+ hour ago (266+ words) MOSCOW, July 3 (Reuters) " Russia's services sector contracted further in June as weaker client demand drove steeper falls in output and new orders, "a business survey showed on Friday. The S&P "Global Russia Services PMI Business Activity Index fell to…...
Canadian factory PMI edges higher despite war-linked supply disruptions
5+ day, 15+ hour ago (269+ words) TORONTO, July 2 (Reuters) " Canada's manufacturing sector expanded further in June as production and employment rose, but not all was positive for "the sector as intensifying supply shortages helped "lift cost inflation to a near four-year high. The S&P Global…...
Fed seen less likely to raise rates as job growth slows
5+ day, 15+ hour ago (222+ words) July 2 (Reuters) " Federal Reserve policymakers have less reason to deliver an interest-rate hike later this month, traders bet "on Thursday, after a government report "showed the U. S. economy added far fewer jobs than expected in the last two months. Nonfarm payrolls…...