News
Venezuela's inflation rate eases to 10. 6% in April, cenbank says
2+ hour, 48+ min ago (153+ words) May 4 (Reuters) " Venezuela's inflation rate eased to 10. 6% in April from 13. 1% "in March, the country's "central bank said on Monday. The inflation rate so far in 2026 has reached 90%, the bank "said "on its website, "while according to "Reuters calculations based on…...
Australian lender Westpac flags Iran war risks as first-half profit misses estimates
4+ hour, 51+ min ago (357+ words) May 5 (Reuters) " Westpac Banking Corp reported lower-than-expected first-half profit on Tuesday and warned that Middle East conflict was pressuring customers through higher energy prices. Australia's second-largest mortgage lender reported a "first-half net profit attributable of A$3. 41 billion ($2. 44 billion), missing the…...
IMF chief Georgieva warns of "much worse outcome" if Middle East war drags into 2027
6+ hour, 38+ min ago (179+ words) WASHINGTON, May 4 (Reuters) - The head of International Monetary Fund on Monday "warned that inflation "was already picking up and the global economy could face a "much worse outcome" "if "the war in "the Middle East "drags into 2027 and oil prices…...
Trump says interest rates are too high
8+ hour, 8+ min ago (98+ words) May 4 (Reuters) - U. S. "President "Donald Trump posted "on "social "media on "Monday that interest "rates "were "too high, "having "called for months "for the "base rate to "be "cut. (Reporting "by "Ismail "Shakil and "Costas "Pitas; Editintg by Doina. .. Trump says…...
Fed's Williams says more agreement on FOMC than dissents imply
9+ hour, 18+ min ago (149+ words) NEW YORK, May 4 (Reuters) - Federal Reserve Bank of "New York President "John Williams said Monday that there's more agreement on the "rate-setting "Federal Open "Market Committee "than last week's policy vote suggests. Williams, speaking in New York, .. . NEW YORK, May…...
Euro zone firms see new inflation surge if war lasts months, ECB poll shows
19+ hour, 7+ min ago (350+ words) FRANKFURT, May 4 (Reuters) " Euro zone firms see the risk of a new inflation surge akin to that seen after the COVID-19 pandemic if the war in Iran lasts months, "disrupting the supply of fuel, hydrogen and helium, a European "Central…...
ECB surveys see'quick return of inflation to target
19+ hour, 5+ min ago (239+ words) FRANKFURT, May 4 (Reuters) " Euro zone inflation will surge this year on higher energy prices but will then quickly retreat and "will be around the 2% target "by next year, the European Central Bank's quarterly Survey of Professional Forecasters predicted on Monday....
Bank of France's Villeroy sees inflation returning to 2% in 2027, 2028
20+ hour, 24+ min ago (179+ words) PARIS, May 4 (Reuters) - Bank of France Governor Francois Villeroy de Galhau "said on Monday "he expected the inflation rate to return to 2% in 2027-2028 after a "spike "this year triggered "by higher energy "prices caused by "an unprecendent shock". ". .. PARIS, May…...
Russia manufacturing contracts for 11th straight month in April, PMI shows
21+ hour ago (256+ words) MOSCOW, May 4 (Reuters) " Russia's manufacturing sector contracted for the 11th month running in April as output and new orders fell again "and employment posted its sharpest drop in "four years, a business survey showed on Monday. The S&P Global Russia…...
India’s factory growth stays sluggish in April amid war-led soaring costs, PMI shows | WSAU News/Talk 550 AM " 99. 9 FM | Wausau, Stevens Point
22+ hour, 5+ min ago (43+ words) BENGALURU, May 4 (Reuters) - India's manufacturing growth edged up slightly in April but remained stuck near a four-year low as "weak demand and soaring input costs driven by the Middle East war weighed on activity, a survey showed. • HSBC's final Ind....