(Corrects headline to show PMI rises in May, not April) By Fergal Smith TORONTO (Reuters) -The downturn in Canada’s services economy eased somewhat in May as firms grew more hopeful that trade and political uncertainty would become less of a drag on activity over the coming 12 months, S&P Global’s Canada services PMI data showed …
Canada’s services PMI rises to 3-month high in May as confidence improves Read More »
(Bank of Israel corrects dates in paragraph 4 of story published on May 25) By Steven Scheer JERUSALEM (Reuters) -Israel’s cabinet approved the appointment of Ori Heffetz to the Bank of Israel’s monetary policy committee, the central bank said on Sunday in a move that will bring the panel back to its full six members …
Bank of Israel MPC back to full strength after economist Heffetz approved Read More »
By Colleen Goko JOHANNESBURG (Reuters) -South Africa needs faster economic growth and credible fiscal consolidation to secure its first credit rating upgrade in two decades, a senior S&P Global Ratings official said on Wednesday. At its most recent review of South Africa last month, S&P affirmed the sub-investment grade ‘BB-/B’ foreign currency rating and maintained …
S&P says South Africa needs faster growth to secure rating upgrade Read More »
MADRID (Reuters) – Spain’s service sector expanded at its slowest pace in 18 months in May, as ongoing uncertainty, particularly from international clients, weighed on demand growth, S&P Global reported on Wednesday. The HCOB Spain Services PMI Business Activity Index fell to 51.3 in May from 53.4 in April, remaining above the 50.0 threshold that …
Spain’s service sector growth slows to 18-month low in May, PMI shows Read More »
JOHANNESBURG (Reuters) -South African business activity grew at its fastest pace in four years in May, driven by a robust increase in private sector output and improved customer confidence, a survey showed on Wednesday. The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to 50.8 in May from 50.0 in April, indicating growth for …
South Africa’s business activity growth hits four-year high, PMI shows Read More »
(Reuters) – Barclays raised its year-end price target for the S&P 500 index to 6,050 from 5,900 on Wednesday, citing easing trade uncertainty and expectations of normalized earnings growth in 2026. This follows forecast increases by Goldman Sachs and UBS Global Wealth Management in May, and a similar move by RBC Capital Markets and Deutsche …
By Xinghui Kok SINGAPORE (Reuters) -Singapore in the first quarter of this year sold only two plush “good class” bungalows, according to data compiled by a real estate group, its lowest quarterly sales figure for the sought-after properties that typically fetch tens of millions of dollars. The weak figures were in stark contrast to the …
By Swati Bhat MUMBAI (Reuters) – India’s central bank is widely expected to deliver a third consecutive rate cut on Friday as muted inflation provides ample space to focus on boosting economic growth further. A strong majority of economists, 53 of 61, in a Reuters poll expect the Reserve Bank of India’s monetary policy committee …
India cenbank may deliver third straight rate cut as inflation undershoots Read More »
ABU DHABI (Reuters) – Growth in the UAE’s non-oil private sector slowed to its weakest pace in nearly four years in May, a survey showed on Wednesday, as demand remained strong but eased from recent highs. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) fell to 53.3 in May from 54.0 in April, …
UAE non-oil business growth slows in May, PMI shows Read More »
By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australia’s economy barely grew in the first quarter as consumers stayed stubbornly frugal and government spending, the engine of activity last year, sputtered to a standstill, underlining the need for more policy stimulus. The Reserve Bank of Australia has already cut interest rates twice since February to …
Australia’s muted Q1 economic growth signals need for more stimulus Read More »
