Reuters US Economy

New Zealand’s new central bank head says low inflation remains key mandate

2 Dec 2025

By Lucy Craymer and Renju Jose WELLINGTON, Dec 2 (Reuters) – New Zealand’s new central bank governor said on Tuesday the bank’s top priority would remain keeping inflation low and stable while supporting economic growth, as she pledged greater transparency around the bank’s monetary policy decisions. Anna Breman, who took the helm of the Reserve …

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Stocks finish lower, US yields rise as investors take breather to assess Fed moves

2 Dec 2025

By Chibuike Oguh NEW YORK, Dec 1 (Reuters) – Global shares fell and U.S. Treasury yields rose on Monday as investors took a breather following five straight sessions of gains and ahead of key economic data that could support bets on Federal Reserve interest rate cuts. Equities on Wall Street finished lower, with utilities, healthcare …

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European shares kick off December on negative note; Airbus slides

1 Dec 2025

By Anastasiia Kozlova and Nikhil Sharma Dec 1 (Reuters) – European shares ended lower on Monday, with defence and Airbus-led industrial stocks weighing heavily on the main index, kicking off the new month on a cautious note following November’s gains. The pan-European STOXX 600 was 0.2% lower to 575.27 points at close, after logging its …

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Remittances to Mexico register seventh consecutive dip, down 1.7% in October

1 Dec 2025

(Corrects month to October in paragraph 4) MEXICO CITY, Dec 1 (Reuters) – Remittances to Mexico declined 1.7% from a year earlier in October, the nation’s central bank said on Monday, totaling $5.64 billion. October marked the seventh straight month of year-on-year declines in the remittances the country receives, contrasting with sharp increases reported for …

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Wall St opens lower ahead of Powell speech, manufacturing data

1 Dec 2025

Dec 1 (Reuters) – Wall Street’s main indexes opened lower on Monday as investors stood on the sidelines ahead of fresh economic data and a closely watched speech from Federal Reserve Chair Jerome Powell to gauge the central bank’s policy decision later this month. The Dow Jones Industrial Average fell 135.6 points, or 0.28%, at …

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Canadian manufacturing PMI falls as trade tensions dent output, new orders

1 Dec 2025

By Fergal Smith TORONTO, Dec 1 (Reuters) – Canada’s manufacturing sector contracted at a steeper pace in November as trade uncertainty continued to hold back output and new orders, data showed on Monday. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) fell to 48.4 last month from 49.6 in October. That marked the second-highest …

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Government MPs soften claim on Italian central bank’s gold to avoid ECB criticism

1 Dec 2025

ROME, Dec 1 (Reuters) – Ruling party lawmakers in Italy are backtracking from assertions that the central bank’s $300 billion in gold reserves belong to the state, a document showed, in a bid to avoid criticism from the European Central Bank. Senators from Prime Minister Giorgia Meloni’s Brothers of Italy party revised a disputed amendment …

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Hong Kong Oct retail sales rise 6.9%, sees support from visitor growth

1 Dec 2025

HONG KONG, Dec 1 (Reuters) – Hong Kong’s retail sales by value rose 6.9% in October from a year earlier, the sixth month of gains, as recovery in retail sales gathered strength and sales of most broad retail outlet types continued to grow, government data showed on Monday. Sales increased to HK$35.2 billion ($4.52 billion). …

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