News
Instant View: China sets 2026 growth target at 4.5%–5%, below last year’s pace
2+ hour, 2+ min ago (371+ words) SINGAPORE, March 5 (Reuters) " China has set its 2026 economic growth target at 4.5%-5%, slightly lower than the 5% pace achieved last year, signalling room for greater, albeit not decisive, measures to address industrial overcapacity and rebalance the economy. Analysts have said a lower…...
Australia household spending posts lacklustre bounce in January as rate hike looms
3+ hour, 4+ min ago (317+ words) SYDNEY, March 5 (Reuters) " Australian household spending bounced in January but that was not enough to offset the previous month's fall as consumers stayed cautious with rate hikes "looming, data showed on Thursday. Data from the Australian Bureau "of Statistics showed…...
Fed’s Miran: Risks from Iran conflict no reason to delay continued rate cuts – BBG TV
11+ hour, 48+ min ago (411+ words) WASHINGTON, March 4 (Reuters) " Inflation and other risks from the U.S. military conflict with Iran haven't changed the need for the U.S. Federal Reserve to keep cutting interest rates this year, with price pressures expected to ease and the job market still at…...
Venezuela’s economy grows more than 7% in Q4, central bank says
13+ hour, 45+ min ago (172+ words) March 4 (Reuters) " Venezuela's economy grew 7.07% in the fourth quarter from a year earlier, "the central bank said "on Wednesday, reporting a 19th consecutive quarter of growth even as analysts estimate far lower expansion and triple-digit "inflation. The "quarterly economic growth, the…...
US private payrolls post largest increase in seven months in February
14+ hour, 46+ min ago (433+ words) WASHINGTON, March 4 (Reuters) " U.S. private payrolls increased by the most in seven months in February, though data for the prior month was revised sharply lower, the ADP's national employment report showed on Wednesday. Private employment rose "by 63,000 jobs last month, the…...
Euro zone services growth edged up in February as demand improved, PMI shows
19+ hour, 8+ min ago (316+ words) LONDON, March 4 (Reuters) " Euro zone services activity expanded at a slightly faster pace in February as demand picked up, though growth remained modest and firms barely "added to headcount, a survey showed on Wednesday. The HCOB "euro zone services Purchasing…...
Wall Street futures slip on Middle East conflict, oil-driven inflation concerns
19+ hour, 36+ min ago (366+ words) March 4 (Reuters) " U.S. stock index futures edged lower on Wednesday as investors assessed an escalating Middle East conflict and awaited a fresh slate of economic data for cues on "the interest rate outlook, while surging oil prices added to "inflation pressures....
Bank of Japan chief vows to keep raising rates with eye on Middle East conflict
21+ hour, 37+ min ago (227+ words) TOKYO, March 4 (Reuters) " Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will continue "to raise interest rates if its "economic and price forecasts materialise, while keeping a close eye on the fallout from the Middle East…...
China targets ways to boost domestic demand for economic growth
22+ hour, 26+ min ago (243+ words) By Xiuhao Chen, Shi Bu and Liz Lee BEIJING, March 4 (Reuters) " China will increase its output of high-quality consumer goods and "foster new growth points for services "consumption in efforts to boost domestic demand aimed at propping up economic growth…...
Latam, Caribbean growth to slow to 2.1% in 2026 says IDB
1+ day, 8+ hour ago (560+ words) NEW YORK, March 3 (Reuters) " Latin American and Caribbean countries should push for more fiscal prudence and regional integration to tackle slowing growth, the Inter-American Development Bank said on Tuesday, predicting economic expansion of 2.1% in 2026. In its Latin American and Caribbean…...