BEIJING (Reuters) -China’s central bank said it is likely to cut interest rates from the current level of 1.5% “at an appropriate time” in 2025, the Financial Times reported on Friday citing comments the bank made to the newspaper. The remarks by the People’s Bank of China align with policymakers’ commitment made last year towards …
By Rae Wee SINGAPORE (Reuters) – The dollar was on track for its best weekly performance in over a month on Friday, underpinned by expectations of fewer Federal Reserve rate cuts this year and the view that the U.S. economy will continue to outperform the rest of its peers globally. The greenback began the new …
Dollar headed for best week since November on US rates, economic outlook Read More »
By Curtis Williams HOUSTON (Reuters) – U.S. LNG exports reached near record levels in December, rising to 8.5 million metric tonnes (MT) as two new plants started, and driving up full-year shipments 4.5% over 2023, according preliminary data from financial firm LSEG. December’s output was just short of the record monthly export of 8.6 MT …
U.S. LNG exports soar in December, lifting full-year growth by 4.5% Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices settled up by more than $1 a barrel on Thursday as investors returned for the first trading day of 2025 with an optimistic eye on China’s economy and fuel demand after a pledge by President Xi Jinping to promote growth. Swelling gasoline and distillate inventories in the …
Oil prices settle up on China optimism as investors return from holiday Read More »
By Anant Chandak BENGALURU (Reuters) – India’s manufacturing activity grew in December at its weakest pace for the year amid softer demand and despite easing cost pressures and strong jobs growth, a survey showed, dulling the outlook for the start of 2025. That confounded a preliminary reading showing faster expansion last month in a sector …
India’s Dec factory activity growth hits 2024 low, PMI shows Read More »
ROME (Reuters) – Italian manufacturing activity contracted for a ninth month running in December albeit at a slower pace than the month before, a survey showed on Thursday, amid persisting declines in output and new orders. The HCOB Global Purchasing Managers’ Index (PMI) for manufacturing climbed to 46.2 from November’s 12-month low of 44.5, remaining …
Italy’s manufacturing stuck in downturn in December, PMI shows Read More »
ISTANBUL (Reuters) – Turkey’s manufacturing sector contracted at the slowest rate in eight months in December, a business survey showed on Thursday, in a sign that the sector is nearing stabilisation. The Purchasing Managers’ Index (PMI) rose to 49.1 last month from 48.3 in November, moving nearer to the 50.0 threshold denoting growth, according to …
Turkish manufacturing sector nears stabilisation in December, PMI shows Read More »
SINGAPORE (Reuters) -Singapore’s economy grew 4.0% in 2024, its fastest annual pace since exiting the pandemic, accelerating from an expansion of 1.1% in 2023 and 3.8% in 2022, preliminary government data showed on Thursday. Gross Domestic Product (GDP) rose 4.3% in the fourth quarter from a year earlier, according to advance estimates from the trade …
By Jihoon Lee SEOUL (Reuters) – South Korea’s factory activity contracted in December, with manufacturers’ sentiment turning pessimistic for the first time since mid-2020 due to uncertainty over U.S. trade policy and domestic politics, a private sector survey showed on Thursday. The purchasing managers index (PMI) for manufacturers in Asia’s fourth-largest economy, compiled by S&P …
South Korea Dec factory activity shrinks as firms turn pessimistic, PMI shows Read More »
CARACAS (Reuters) -Venezuela’s economy grew over 9% in 2024, President Nicolas Maduro said, according to a transcript of an interview published by Mexican media outlet La Jornada on Wednesday. “In 2023, we had 5.5% (growth). In 2024, according to all scientific, statistical, and technical data, we will surpass 9% growth in gross domestic product, with …
Venezuela economy grew over 9% in 2024, president says Read More »
