SYDNEY (Reuters) -Australian employment rebounded in March, recovering from a one-off dive the previous month, while the unemployment rate came in slightly below forecasts, showing a labour market that remains healthy but does not stand in the way of policy easing. Swaps imply a quarter-point rate cut from the Reserve Bank of Australia has been …
Australia jobs rebound in March, markets still stuck on rate cuts Read More »
By Roushni Nair and Melanie Burton (Reuters) -BHP Group said that an escalating trade war could harm the world economy and adaptation was key to sustaining global growth, as it reported a slight decline in iron ore production in the third quarter on Thursday. The direct impact on BHP of the tariffs unleashed by U.S. …
BHP says tariff impact on global economy could be significant Read More »
By Adwitiya Srivastava (Reuters) – Shares of Bank of Queensland (BOQ) surged to a more than two-year high on Thursday, as analysts at Citi and Morgan Stanley bet on the stock after the lender’s strong half-year results. The Australian bank’s shares rose as much as 4.5% to A$7.170, hitting their highest level since February 15, …
Bank of Queensland hits over 2-year high as Citi, MS optimistic after strong results Read More »
By Bing Hong Lok SINGAPORE (Reuters) -Singapore’s non-oil domestic exports in March rose 5.4% from the same month a year earlier, government data showed on Thursday, with shipments of both electronics and non-electronics increasing. The increase fell short of a Reuters poll that forecast 14.1% growth for March, and was down from a 7.6% rise …
Singapore March exports miss forecasts, rise by 5.4% from a year ago Read More »
(Reuters) -Australian diversified miner South32 on Thursday posted quarterly manganese ore production 29.9% below estimates, hit by planned maintenance and a temporary shutdown of two mines in South Africa and no output from its key Australia division. The company’s South Africa Manganese operations produced 476,000 wet metric tons of manganese ore, down from 530,000 wmt …
Australia’s South32 third-quarter manganese output misses estimates Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan is set to cut its economic growth forecasts at its April 30-May 1 policy meeting as U.S. President Donald Trump’s tariffs heighten risks to a fragile, export-reliant recovery, said three sources familiar with its plans. With markets still volatile due to Trump’s back-and-forth comments on tariffs, …
BOJ to cut growth forecast as US tariffs hit, sources say Read More »
By Alden Bentley (Reuters) -Foreign holdings of U.S. Treasuries rose 3.4% in February, data from the Treasury Department showed on Wednesday, with the two largest owners, Japan and China, building up their U.S. debt holdings. Total overseas holdings of U.S. Treasuries amounted to $8.817 trillion, up from $8.527 trillion in January, the monthly Treasury International …
Foreign holdings of US Treasuries rise in February Read More »
(Reuters) -U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell said on Wednesday. For now, he said in remarks prepared for delivery at the Economic Club of …
Powell says Fed to stay on hold until clarity on tariff impact Read More »
(Reuters) -Traders on Wednesday kept bets on Federal Reserve rate cuts this year after Fed Chair Jerome Powell said the U.S. central bank is well-positioned to wait for greater clarity before making any changes to the stance of policy. Traders of short-term interest-rate futures are betting the Fed resumes rate cuts in June and that …
Traders keep bets on Fed rate cuts this year, starting in June Read More »
By Sukriti Gupta, Medha Singh and Shashwat Chauhan (Reuters) -European shares closed lower on Wednesday, weighed down by semiconductor-related stocks after the world’s biggest chip-making equipment supplier ASML warned that U.S. tariffs were increasing uncertainty around its outlook for 2025 and 2026. The pan-European STOXX 600 index slipped 0.2%, though it was well off intraday …
European shares close lower as ASML warns US tariffs cloud outlook Read More »
