Reuters US Economy

China’s factory activity speeds up on export boost, Caixin PMI shows

1 Apr 2025

BEIJING (Reuters) – China’s factory activity expanded at its fastest pace in four months in March, buoyed by stronger demand and robust export orders, a private-sector survey showed on Tuesday, although the escalating U.S. trade war clouds the outlook. The Caixin/S&P Global manufacturing PMI climbed to 51.2 in March from 50.8 in the previous month, …

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S.Korea factory activity shrinks as output falls, but export orders jump, PMI shows

1 Apr 2025

SEOUL (Reuters) – South Korea’s factory activity shrank for a second straight month in March as output fell on weak domestic demand even as export orders jumped at the fastest pace in 14 months, a private survey showed on Tuesday. The Purchasing Managers Index (PMI) for manufacturers in Asia’s fourth-largest economy, released by S&P Global, …

S.Korea factory activity shrinks as output falls, but export orders jump, PMI shows Read More »

Japan Feb jobless rate falls to 2.4%, job availability shrinks

1 Apr 2025

TOKYO (Reuters) – Japan’s jobless rate in February fell to 2.4% from 2.5% in January, government data showed on Tuesday. Economists’ median forecast was for 2.5%. The jobs-to-applicants ratio also dipped to 1.24 in February from 1.26 in January. The median forecast was 1.26. (Reporting by Kentaro Sugiyama; Writing by Satoshi Sugiyama; Editing by Christian …

Japan Feb jobless rate falls to 2.4%, job availability shrinks Read More »

IMF’s Georgieva says recession is not on the horizon despite tariff worries

1 Apr 2025

By Andrea Shalal and David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump’s push for sweeping tariffs is creating great uncertainty and denting confidence but is not likely to trigger a near-term recession, International Monetary Fund Managing Director Kristalina Georgieva said on Monday. Georgieva, in her first major interview since Trump took office, underscored the …

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Seattle lender HomeStreet valued at $300 million in second buyout attempt since 2024

1 Apr 2025

(Reuters) -HomeStreet was valued at $300 million in a buyout proposal by Mechanics Bank on Monday, as the Seattle-based lender looks to clinch a merger after regulators blocked its previous attempt last year. The combined bank will have $23 billion in assets and remain publicly listed, the companies said. The deal, which marks a crucial …

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IMF says Argentina’s request for 40% disbursement from new loan is ‘reasonable’

31 Mar 2025

By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund views Argentina’s request for an initial 40% disbursement from the $20 billion new loan program it is negotiating with the global lender as “reasonable,” IMF Managing Director Kristalina Georgieva told Reuters on Monday. “It’s a reasonable request. They’ve earned it, given their performance,” Georgieva said in …

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TSX recoups some monthly losses as energy and financials gain

31 Mar 2025

By Fergal Smith (Reuters) – Canada’s main stock index rallied on Monday, with the heavily weighted energy and financials sectors contributing as the market overcame an earlier bout of risk aversion to claw back some of its monthly decline. Toronto Stock Exchange’s S&P/TSX composite index ended up 158.35 points, or 0.6%, at 24,917.50. For the …

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Argentina’s January-February mining exports hit 10-year record

31 Mar 2025

BUENOS AIRES (Reuters) – Argentina’s mining exports reached a historic high in January and February this year, outdoing the prior record from the same period a decade ago by 13%, the mining ministry reported on Monday. The first two months of the year generated $782 million in exports, compared with the prior record of $692 …

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Colombia’s central bank holds interest rate at 9.50%, surprising a majority of the market

31 Mar 2025

BOGOTA (Reuters) – Colombia’s central bank held the benchmark interest rate at 9.5% on Monday, surprising the market, which expected policymakers to resume cuts to borrowing costs despite inflation pressures and a difficult fiscal situation. The decision was backed by a majority of the seven-member board. Three board members voted for a 50 basis point …

Colombia’s central bank holds interest rate at 9.50%, surprising a majority of the market Read More »

BOJ to cut buying of super-long bonds for first time in taper plan

31 Mar 2025

By Kevin Buckland TOKYO (Reuters) – The Bank of Japan said on Monday it will reduce purchases of super-long bonds for the first time since embarking on a quantitative tightening (QT) plan last year, taking another key step towards diminishing its huge presence in the bond market. The cut to longer-dated bond buying underscores the …

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