(Reuters) -Bank of England Deputy Governor Sarah Breeden said on Tuesday that she saw a case for cutting interest rates last month even without the impact of trade policy uncertainty on the global economy. “I thought that there was a case for a cut in Bank Rate, even absent the international developments, because I judged …
BoE’s Breeden saw case for May rate cut even without trade turmoil Read More »
ISTANBUL (Reuters) -Turkish annual inflation dipped a bit more than expected to 35.41% in May, official data showed on Tuesday, less than half the level that it reached a year earlier as tight monetary policy continued to slowly cool price expectations. Month-on-month, consumer price inflation was 1.53%, the Turkish Statistical Institute said, also below forecasts. …
Turkey inflation dips more than expected to near 35% in May Read More »
By Summer Zhen HONG KONG (Reuters) -Singapore’s multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global trade tariff shocks and sees more arbitrage opportunities ahead, its chief investment officer said. Since mid-April, the $1.1 billion fund has capitalised on extreme dislocations in equities, currencies and bond curves, founder …
Singapore hedge fund Arrowpoint capitalised on May market turmoil Read More »
By Aaditya GovindRao (Reuters) – Australia’s IDP Education forecast a drop in annual profit on Tuesday, triggering a 48% plunge in its shares as tighter student visa rules hit demand at the firm that jointly owns the IELTS English language exam with the British Council and Cambridge University Press & Assessment. The company forecast fiscal …
ABU DHABI (Reuters) – The expansion in Saudi Arabia’s non-oil private sector activity quickened in May, driven by accelerated growth in new orders, while business confidence also strengthened, a survey showed on Tuesday. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) rose to 55.8 in May from 55.6 in April, firmly in …
Saudi Arabia’s non-oil private sector growth accelerates in May, PMI shows Read More »
By Stefano Rebaudo, Linda Pasquini and Yoruk Bahceli LONDON (Reuters) -Surging government debt levels are becoming a pressure point for big economies and bond investors have their sights on those not doing enough to improve their finances. A Moody’s decision to strip the United States of its last triple-A credit rating last month and weak …
G7 debt is now a pressure point for anxious markets Read More »
By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will raise interest rates once it is convinced enough that economic and price growth will re-accelerate after a period of stagnation. Ueda also signaled the central bank will continue to taper its huge bond buying …
BOJ’s Ueda signals readiness to raise rates if growth re-accelerates Read More »
By Renju Jose and Stella Qiu SYDNEY (Reuters) -Australia’s independent wage-setting body on Tuesday raised the national minimum wage by 3.5% effective July 1, a real wage increase for about 2.6 million workers on the lowest pay as inflationary pressures ease in the economy. The minimum rate will rise to A$24.94 ($16.19) per hour, resulting …
Australia raises minimum wages by 3.5% as inflation eases Read More »
By Devayani Sathyan BENGALURU (Reuters) – Australian home prices will rise a steady 4–5% each year over the next three years in an already expensive and supply-constrained market, according to a Reuters poll of property analysts. While those gains are modest by historical standards this builds on a near-40% price surge in five years, significantly …
Steady house price growth to persist in Australia’s expensive market: Reuters poll Read More »
DUBLIN (Reuters) – Ireland’s manufacturing sector grew at a solid pace in May as strong domestic demand offset a second successive monthly decline in export orders due to subdued sales into the United States and Britain, a survey showed on Tuesday. The AIB Ireland Manufacturing PMI fell a touch to 52.6 from April’s 53.0, but …
Irish manufacturing growth continues despite export challenges, PMI shows Read More »
