SINGAPORE (Reuters) – Singapore could slip into a technical recession this year, a government official said on Thursday after final GDP data confirmed the city-state’s economy had contracted in the first quarter even before U.S. tariffs were announced. The trade-driven economy grew by 3.9% in the first three months of 2025 from the same period …
Singapore sees technical recession risk after Q1 contraction Read More »
By Kiyoshi Takenaka TOKYO (Reuters) – Nearly two-thirds of Japanese firms want the Bank of Japan to temporarily pause interest rate hikes as U.S. President Donald Trump’s tariff policies raise pressure on earnings, a Reuters poll showed on Thursday. Japan’s economy contracted for the first time in a year in the first quarter, underscoring the …
By Maria Martinez BERLIN (Reuters) -Germany’s federal and state government tax revenues rose 10.2% in April from the same month a year ago, the finance ministry said on Thursday. In its monthly report, the ministry said the substantial increase was mainly down to a one-time effect in state taxes, where revenues jumped by more than …
German tax revenues up 10.2% in April, finance ministry says Read More »
By Marcela Ayres BRASILIA (Reuters) -Poultry trade bans triggered by a bird flu outbreak in Brazil may weigh on domestic chicken prices, offering some relief – if even short-lived – from the food inflation that has undermined the government’s popularity, analysts said. Brazil, the world’s largest poultry exporter, ships about a third of its chicken …
In food inflation-hit Brazil, bird flu may offer some relief Read More »
By Kopano Gumbi, Wendell Roelf, Olivia Kumwenda-Mtambo CAPE TOWN (Reuters) -South Africa made only minor adjustments to its spending plans and deficit projections in a third budget presented on Wednesday that was overshadowed by a meeting between its president and U.S. leader Donald Trump later in the day. Finance Minister Enoch Godongwana had to appear …
South Africa makes only minor adjustments in third budget try Read More »
LISBON (Reuters) -The European Central Bank may need to cut its key interest rate below the neutral level of 1.5%-2% to prevent inflation from falling below its 2% target in a frail economic setting, ECB policymaker Mario Centeno told a news briefing on Wednesday. “We cannot run the risk of having a monetary policy that …
ECB’s Centeno: rate cuts below neutral level may be needed to keep inflation on target Read More »
By Marc Jones LONDON (Reuters) -The London Stock Exchange Group’s FTSE Russell unit has dropped plans to add Chicago Board Options Exchange owner Cboe to the group of currency data providers used to calculate its WMR FX benchmarks after pushback from users. FTSE Russell proposed adding Cboe’s data for ten top currencies almost a year …
LSEG drops plan to add Cboe data to WMR FX benchmarks Read More »
MOSCOW (Reuters) -The Russian rouble briefly strengthened past the level of 80 to the U.S. dollar on Wednesday before rebounding, but remained close to its highest level since June 2023. By 1000 GMT, the rouble was up 0.4% at 80.30 per U.S. dollar, LSEG data based on over-the-counter quotes showed. The Russian currency has risen …
Russian rouble near highest against US dollar since June 2023 Read More »
By Leika Kihara TOKYO (Reuters) -Some market players urged the Bank of Japan to increase buying of super-long bonds, or terminate tapering for that maturity, in the wake of sharp rises in their yields, the central bank said on Tuesday. The requests, made in the BOJ’s survey of bond market participants on its taper plans, …
BOJ urged to boost bond buying in wake of spike in super-long yields Read More »
By Kaori Kaneko TOKYO (Reuters) – Japanese manufacturers were less confident about business conditions in May compared with April and they expect sentiment to weaken over the next three months as changing U.S. tariff action saps optimism, a Reuters Tankan poll showed. The subdued mood illustrates the challenge policymakers face after the economy shrank in …
Japanese manufacturers less confident due to Trump tariff action Read More »
