By Makiko Yamazaki and Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will be vigilant to the risk large swings in super-long bond yields could affect shorter-term borrowing costs and have a bigger impact on the economy. The remarks underscore the BOJ’s growing attention to recent volatile …
BOJ on alert to impact of super-long yield swings on borrowing costs Read More »
SINGAPORE (Reuters) -Real wages in Singapore grew 3.2% in 2024 compared to 0.4% in 2023, government data on Wednesday showed. However, the share of firms planning wage increases going forward has declined to 22% in March compared to 32% in December 2024 because of geopolitical tensions and global trade uncertainties, according to a survey by …
Wages in Singapore grew 3.2% in 2024, fewer firms planning increase in 2025 Read More »
SYDNEY (Reuters) -Australian consumer inflation held steady in April as higher health and holiday costs offset a drop in petrol prices, although the monthly measure tends to be volatile and left hopes for more interest rates cuts mostly intact. Data from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index (CPI) …
Australia’s consumer inflation holds steady in April, rate cuts still in view Read More »
CAIRO (Reuters) -Egypt has made progress towards macroeconomic stability and has been streamlining tax and customs procedures, but still needs to widen its tax base, the International Monetary Fund said on Tuesday after a review mission to the country. An IMF team visited Egypt from May 6 to May 18 as part of its fifth …
IMF says Egypt making progress, still needs to widen tax base Read More »
(Reuters) – The International Monetary Fund said on Tuesday it had reached an agreement with El Salvador to disburse about $120 million, following the first review of a $1.4 billion 40-month program. The disbursement is subject to approval by the IMF executive board. In February, the IMF approved the $1.4 billion extended fund facility arrangement …
IMF reaches agreement under first review of $1.4 billion El Salvador program Read More »
By Nikhil Sharma, Purvi Agarwal and Ragini Mathur (Reuters) -European shares closed higher on Tuesday with defence stocks boosting the market after U.S. President Donald Trump threatened additional sanctions on Russia, while optimism lingered from the delay of U.S. tariffs on the European Union. The STOXX 600 index closed 0.3% higher, building on Monday’s 1% …
European shares gain on defence boost, tariff delay aids sentiment Read More »
OSLO (Reuters) -Norway plans to randomly select 100,000 people born between 1990 and 2005 to receive annual tax cuts of up to $2,700 for several years, aiming to measure the effect on income and employment, the Labour Party government said on Tuesday. Facing rising social security payments and a shortage of workers in many sectors, …
Norway plans $49 million annual tax cut for some young workers Read More »
By Steven Scheer JERUSALEM (Reuters) -Another six months of war between Israel and Palestinian militant group Hamas in Gaza would reduce Israel’s economic growth by a half point in 2025 and further raise the debt burden, Bank of Israel Governor Amir Yaron said on Tuesday. A day after keeping interest rates unchanged again after a …
NAIROBI (Reuters) -Africa’s economic output is expected to grow by 3.9% this year, the African Development Bank said in its annual African Economic Outlook report on Tuesday, quickening from last year’s pace of 3.3%. However, this year’s forecast – which covers economies of all its 54 member states – represents a 0.2 percentage points downgrade …
AfDB cuts Africa’s 2025 growth forecast on trade tariffs uncertainty Read More »
By Ahmad Ghaddar, Alex Lawler and Yousef Saba LONDON/DUBAI (Reuters) – OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates from the group told Reuters, in the latest stage of a plan to meet rising demand and increase market share. When the 22-member group meets on …
OPEC+ set to agree July oil output hike this week, sources say Read More »
