By Makiko Yamazaki and Tim Kelly TOKYO (Reuters) -Japan’s exports fell in May for the first time in eight months as big automakers like Toyota were hit by sweeping U.S. tariffs, and the failure of Tokyo to clinch a trade deal this week will likely pile pressure on a fragile economy. Prime Minister Shigeru Ishiba …
Japan’s exports post first drop in 8 months as US tariffs hit auto firms Read More »
SINGAPORE (Reuters) -Economists have lowered their forecasts for Singapore’s growth and inflation this year and are expecting a further easing of monetary policy next month, a survey of forecasters by the Monetary Authority of Singapore showed on Wednesday. Geopolitical tensions were seen as the biggest downside risks for the economy, while milder-than-expected or an easing …
Singapore MAS survey shows economists cut GDP, inflation forecasts and see more easing Read More »
By Peter Hobson and Stella Qiu CANBERRA/SYDNEY (Reuters) -Australia’s Labor government, elected for a second term last month, will consider tax reforms to boost productivity and build economic resilience as global volatility spikes, Treasurer Jim Chalmers said on Wednesday. In a speech at the National Press Club, Chalmers said the government welcomes ideas at an …
Australia’s treasurer flags tax reforms to boost productivity in Labor’s second term Read More »
By Promit Mukherjee OTTAWA, June 17 (Reuters) – Members of the Bank of Canada governing council were concerned that underlying inflationary pressures led by trade disruption and uncertainty could persist for a long time, minutes of the meeting showed on Tuesday. The central bank held its key benchmark rate at 2.75% on June 4, citing …
Bank of Canada governing council is concerned inflation could persist for longer Read More »
By Miranda Murray BERLIN (Reuters) -German investor morale rose more than expected in June, the ZEW economic research institute said on Tuesday, reporting an increase in its economic sentiment index to 47.5 points from 25.2 points in May. Analysts polled by Reuters had pointed to a reading of 35.0. The optimism in the ZEW index …
German investor morale improved more than expected in June, ZEW finds Read More »
(Reuters) -The Bank of Japan kept interest rates steady on Tuesday and decided to decelerate the pace of its balance sheet drawdown next year, signalling its preference to move cautiously in removing remnants of its massive, decade-long stimulus. In a widely expected move, the BOJ maintained short-term interest rates at 0.5% by a unanimous vote …
WELLINGTON (Reuters) -New Zealand home prices fell slightly in May although the number of houses sold increased, the Real Estate Institute of New Zealand (REINZ) said on Tuesday. Seasonally adjusted median house prices fell 0.9% from April and were also down 0.9% year-on-year, data from the institute showed. “The stability in interest rates has encouraged …
New Zealand house prices edge lower in May as market remains soft Read More »
(Reuters) -Fitch Ratings said on Monday that a spillover from the Israel-Iran conflict appears to be within a range that can be absorbed by Israel’s ‘A’/Negative rating level. Fitch also said that it expects the risk premium in oil prices arising from the conflict to be contained within the $5-$10 range and that it does …
By Jun Yuan Yong SINGAPORE (Reuters) -Singapore’s non-oil domestic exports fell 3.5% in May from the same month a year earlier, government data showed on Tuesday, bucking analyst estimates as shipments to the United States fell sharply a month after Washington announced tariffs. The fall compared with a Reuters poll forecast of 8.0% year-on-year growth, …
Singapore’s exports unexpectedly fall 3.5% y/y in May Read More »
By Steven Scheer and Karin Strohecker JERUSALEM/LONDON (Reuters) -Israel’s shekel jumped sharply and stocks and bonds gained on Monday as investors began to look beyond the escalating conflict with Iran and shape a more favourable long-term risk assessment for the country’s assets. The shekel traded at 3.50 to the dollar by 1642 GMT, 3.6% stronger …
Israeli markets rally as investors sketch post-Iran conflict landscape Read More »
