BEIJING (Reuters) -Growth in new home prices in China was flat again in March versus the previous month, government data showed on Friday, pointing to fragile demand as growing COVID-19 lockdown measures dampened consumer confidence. Average new home prices in 70 major cities were unchanged on a month-on-month basis for the second time in a …
China March new home prices stall again as COVID damps sentiment Read More »
TOKYO (Reuters) – Japan’s core consumer inflation likely accelerated in March from a year earlier but was still well short of the Bank of Japan’s price goal, a Reuters poll showed, bolstering the view that the BOJ will lag way behind other central banks in normalising policy. Separate data is expected to show Japan’s trade …
Japan consumer inflation seen picking up, still distant from BOJ target: Reuters poll Read More »
SHANGHAI (Reuters) -China’s central bank kept borrowing costs of its medium-term policy loan unchanged for the third straight month as expected on Friday, despite Beijing calling for more monetary stimulus to cushion an economic slowdown. The People’s Bank of China (PBOC) said it was keeping the rate on 150 billion yuan ($23.52 billion) worth of …
China keeps medium-term policy rate unchanged, but markets expect more easing Read More »
By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said the central bank’s monetary policy is aimed at achieving its 2% inflation target, not at manipulating currency rates, brushing aside the view the country must end an ultra-low interest rate policy to stem sharp yen declines. Kishida also said the recent rise in domestic …
Japan’s cenbank is not aiming to manipulate currency, PM says Read More »
By Jeff Mason GREENSBORO, N.C. (Reuters) -President Joe Biden on Thursday defended his handling of the U.S. economy amid a 40-year-high spike in inflation that he blamed in part on Russia’s invasion of Ukraine. Speaking at North Carolina Agricultural and Technical State University in Greensboro, Biden promoted his efforts to strengthen U.S. supply chains, accelerate …
In North Carolina, Biden defends handling of inflation Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street closed lower on Thursday at the end of a holiday-shortened week as bond yields resumed their uphill climb and investors contended with mixed earnings and economic data. All three major U.S. stock indexes posted weekly losses ahead of the Good Friday holiday. “It’s a combination of …
U.S. stocks slide as rising bond yields hit growth stocks Read More »
SANTIAGO (Reuters) – Chilean President Gabriel Boric faces an economic slowdown and high inflation, which conflicts with his goal to expand social programs, and could increase pressure for more financial stimulus, according to a Bank of America report released on Thursday. The government recently announced a $3.7 billion economic recovery plan to support sectors still …
Chile faces pressure to increase spending despite high inflation, Bank of America says Read More »
By Elizabeth Howcroft LONDON (Reuters) – Crypto entrepreneur Sina Estavi made headlines in March 2021 when he paid $2.9 million for an NFT of Twitter boss Jack Dorsey’s first tweet. But his efforts to re-sell it have run aground, with a top bid of just $6,800 as of Thursday. The initial purchase was at the …
Bought for $2.9 million, NFT of Jack Dorsey tweet finds few takers Read More »
By Jane Lanhee Lee (Reuters) – Automaker Stellantis has signed a multiyear deal to use Qualcomm’s next-generation connected-car technology in its vehicle lineup, the companies said on Thursday. Fourteen Stellantis brands, including Peugeot, Fiat and Jeep, will use Qualcomm’s vehicle cockpit and 5G telematics technology starting in 2024 with the Maserati brand being the first …
Automaker Stellantis to use Qualcomm tech in its vehicles Read More »
By Gram Slattery, Gabriel Araujo, Peter Frontini and Roberto Samora RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian state-run oil company Petrobras on Thursday formally elected Jose Mauro Coelho as its chief executive for a one-year term, ending weeks of turmoil in which the government struggled to fill the top position. Coelho, a government technocrat, pledged to …
Petrobras elects new CEO, who pledges to maintain pricing policies Read More »
