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News
Atlanta Fed’s Venable: Inflation too high, with prospect of easing dependent on events in Middle East
12+ hour, 55+ min ago (290+ words) WASHINGTON, Aug 11 (Reuters) – Atlanta Fed interim President Cheryl Venable said on Tuesday that inflation remains too high, a message heard from contacts across the Southeast, with the likelihood of easing price pressures tied to “unpredictable geopolitical events, particularly the Middle…...
Brazil inflation slows in July, returns to central bank target range
15+ hour, 6+ min ago (266+ words) SAO PAULO, Aug 11 (Reuters) – Brazil’s annual inflation eased in July, broadly in line with market expectations, data from statistics agency IBGE showed on Tuesday, returning to the central bank’s tolerance range as the effects of tight monetary policy continued to…...
Australia’s CBA posts record cash earnings, but flags cooling mortgage demand
6+ hour, 46+ min ago (349+ words) (Corrects day in paragraph 1) Aug 12 (Reuters) – Commonwealth Bank of Australia posted record full-year cash earnings that topped market expectations on Wednesday, driven by robust lending volumes, but flagged a steep decline in mortgage demand since the government’s tax changes in…...
US auto loans hit record high in second quarter, New York Fed says
13+ hour, 29+ min ago (621+ words) WASHINGTON, Aug 11 (Reuters) – U.S. consumers took out a record amount in auto loans in the second quarter and boosted their credit card and home equity balances as well, the New York Fed said in its latest household debt and credit…...
Fitch affirms India rating on robust growth, flags youth job risks to fiscal profile
19+ hour, 43+ min ago (457+ words) Aug 11 (Reuters) – Credit ratings agency Fitch on Tuesday affirmed India’s sovereign rating at ‘BBB-‘, citing robust growth balanced against still-weak fiscal metrics that it reckons could face pressure from rising concerns over youth unemployment. Fitch said macroeconomic stability and improving…...
Australia central bank sees inflation cooling little faster, but risks on upside
23+ hour, 44+ min ago (431+ words) SYDNEY, Aug 11 (Reuters) – Australia’s central bank warned on Tuesday that inflation risks were still tilted to the upside amid tensions in the Middle East, but expected cost pressures to cool a little quicker than previously thought as financial conditions remain…...
Malaysia’s June industrial production up 6.5%, below forecast
1+ day, 32+ min ago (83+ words) WTVB Malaysia’s June industrial production up 6.5%, below forecast KUALA LUMPUR, Aug 11 (Reuters) – Malaysia’s industrial production index in June rose 6.5% from a year earlier, below expectations, government data showed on Tuesday. June’s factory output had been forecast to expand 7%, according to…...
Australia central bank holds rates steady, keeps hike on table
23+ hour, 33+ min ago (465+ words) By Stella Qiu and Wayne Cole SYDNEY, Aug 11 (Reuters) – Australia’s central bank held its cash rate steady at 4.35% for a second straight meeting on Tuesday, saying the economy was slowing as expected, but warned it might yet hike again if…...
Singapore GDP grows 5.9% y/y in Q2, government raises 2026 forecast on AI boom
1+ day, 3+ hour ago (382+ words) SINGAPORE, Aug 11 (Reuters) – Singapore’s economy grew 5.9% in the second quarter of 2026 from a year earlier, government data showed on Tuesday, higher than an official advance estimate of 5.7%. For the first half of the year, GDP growth was 6.1%, the Trade Ministry…...
BOJ debated scope to hasten rate-hike pace in July, summary shows
2+ day, 3+ hour ago (259+ words) TOKYO, Aug 10 (Reuters) – Bank of Japan policymakers warned of mounting inflation risks that could require a nimble, faster-than-expected pace of interest rate increases, a summary of opinions at their July meeting showed, boosting the case for a September hike. The…...