By Maria Martinez BERLIN (Reuters) -The German cabinet on Wednesday approved a 2026 draft budget featuring record investment of 126.7 billion euros ($146.41 billion) alongside borrowing of 174.3 billion as it aims to bolster infrastructure and defence. Europe’s largest economy, which has gone from powerhouse to euro zone laggard, is throwing off decades of fiscal …
German cabinet approves 2026 budget, tripling borrowing Read More »
ROME (Reuters) -The Italian economy unexpectedly shrank by 0.1% in the second quarter compared to the first, preliminary data showed on Wednesday, possibly reflecting the early impact of a rise in U.S. tariffs and global trade uncertainty. Gross domestic product in the euro zone’s third-largest economy grew 0.4% in the second quarter on the year, …
By Joyce Lee and Yena Park SEOUL (Reuters) -Three cabinet-level South Korean officials met U.S. Commerce Secretary Howard Lutnick in Washington for trade talks, Seoul said on Wednesday, as top business leaders were also reported to be flying in to help lobby for a deal on U.S. tariffs. South Korean Finance Minister Koo Yun-cheol joined …
South Korea officials, business leaders join last-ditch push for US trade deal Read More »
LISBON (Reuters) -Portugal’s economy bounced back to expand 0.6% in the second quarter from the previous three-month period when it shrank a revised 0.4%, the National Statistics Institute (INE) said on Wednesday, citing strong private consumption and exports growth. Gross domestic product also grew 1.9% year-on-year, in an acceleration from a 1.7% growth in January-March, …
Portugal’s economy bounces back with 0.6% quarterly growth Read More »
By Maria Martinez BERLIN (Reuters) -Germany’s economy contracted by 0.1% in the second quarter, data showed on Wednesday, as demand from the United States slowed following months of strong purchases in anticipation of U.S. tariffs. The contraction was in line with forecasts, reversing the growth recorded in the first quarter, when importers in the U.S. …
German GDP contracts in Q2 as pre-tariff boost ends Read More »
AMSTERDAM (Reuters) -Economic growth in the Netherlands slowed to 0.1% in the second quarter, as consumer spending dropped, the Dutch national statistics agency said on Wednesday. Consumer spending fell 0.4% in the April-June period, as less money was spent on clothing and in restaurants and bars. Exports increased by 0.9%, but were outpaced by the …
Dutch economic growth slowed in Q2 on lower consumer spending Read More »
By Xinghui Kok and Jun Yuan Yong SINGAPORE (Reuters) -Singapore’s central bank kept its monetary settings unchanged on Wednesday, dashing some expectations for a loosening of policy, after second quarter economic growth surprised to the upside and global trade tensions eased somewhat. The Monetary Authority of Singapore said it will maintain the prevailing rate of …
Singapore keeps monetary policy unchanged as trade tensions ease Read More »
(Reuters) -Spain’s European Union-harmonised 12-month inflation rate rose to 2.7% in July, from 2.3% in the period through June, preliminary data from the National Statistics Institute (INE) showed on Wednesday. The 12-month EU-harmonised inflation was in line with expectations of analysts polled by Reuters. Core inflation, which strips out volatile fresh food and energy prices, …
Spain’s 12-month EU-harmonised inflation rises to 2.7% in July Read More »
BANGKOK (Reuters) -Thailand’s manufacturing production index rose 0.58% in June from a year earlier, the industry ministry said on Wednesday, missing analysts’ expectations. The figure compared with a forecast year-on-year rise of 1.65% for June in a Reuters poll, and followed an upwardly revised annual increase of 1.94% in May. (Reporting by Orathai Sriring and …
Thai factory output rises 0.58% y/y in June, below forecast Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist The S&P 500 and Nasdaq ground out new highs on Tuesday but closed in the red, as earnings optimism faded and investors took chips off the table ahead of the Federal Reserve’s policy decision …
Trading Day: Stocks stumble, dollar up as Fed looms Read More »
