By Fergal Smith TORONTO (Reuters) – Canadian home sales dropped in February by the most in nearly three years as an uncertain outlook for the economy due to the onset of a trade war kept buyers on the sidelines, data from the Canadian Real Estate Association showed on Monday. Sales fell 9.8% in February from …
Canadian home sales post biggest decline in nearly three years Read More »
JOHANNESBURG (Reuters) – The average inflation forecast for 2025 in a closely watched survey commissioned by the central bank fell further in the first quarter of this year, dropping below the level the bank aims for. The Bureau for Economic Research (BER) said its survey found analysts, business people and trade union officials now expect …
South African inflation forecast falls further in key survey Read More »
By Manoj Kumar and Shubham Batra NEW DELHI (Reuters) -India’s merchandise trade deficit in February narrowed sharply to $14.05 billion, the lowest level in more than three years, as imports fell amid rising global uncertainty. The deficit was much lower than economists’ forecast of $21.65 billion, according to a Reuters poll. February’s merchandise exports stood …
India’s February merchandise trade deficit narrows to its lowest in over 3 years Read More »
By Casey Hall SHANGHAI (Reuters) – Authorities in China pledged on Sunday to “vigorously boost consumption” and “expand domestic demand in all directions” as they seek to cushion the impact of weak external demand amid an escalating global trade war. While they did not release detailed plans and budgets for most of the measures, one …
Factbox-How China is doubling down on trade-ins to boost sluggish consumption Read More »
(Reuters) -The week ahead is crammed with central bank decisions, first and foremost the U.S. Federal Reserve, but much of the action that whiplashed markets at breakneck speed happen on the political stage – and there’s little sense that this will change. Here’s all you need to know about the week ahead in world markets …
Take Five: Central bank frenzy meets political storm Read More »
TAIPEI (Reuters) – Taiwan’s central bank is likely to maintain its policy interest rate this week and keep it steady through the first quarter of next year, due to concerns over inflation and fresh U.S. tariffs, according to economists in a Reuters poll on Monday. Last December, the central bank left the benchmark discount rate …
Taiwan likely to hold rates steady on inflation, US tariff concerns: Reuters poll Read More »
HONG KONG (Reuters) -China’s State Council unveiled on Sunday what it called a “special action plan” to boost domestic consumption, featuring measures including increasing residents’ income and establishing a childcare subsidy scheme. The plan comes as levels of consumer demand in China have suffered various setbacks in recent years, due to factors such as COVID-19 …
China looks to boost consumption amid consumer squeeze Read More »
BEIJING (Reuters) – Property investment in China fell 9.8% in the first two months of 2025 from the same period a year earlier, after tumbling 10.6% in 2024, official data showed on Monday. Property sales by floor area dropped 5.1% from a year earlier, compared with a 12.9% decline last year. New construction starts measured …
China property investment falls 9.8% in Jan-Feb y/y Read More »
By Renju Jose SYDNEY (Reuters) -The Australian treasury expects costs from Tropical Cyclone Alfred to be about A$1.2 billion ($759 million), shaving off a quarter of a percentage point from its gross domestic product in the March quarter, Treasurer Jim Chalmers said on Monday. Alfred hit land north of Brisbane, Australia’s third-most populous city, this …
Cyclone Alfred to dent Australia’s March-quarter GDP, treasurer says Read More »
SYDNEY (Reuters) – New Zealand house prices rose in February on growing buyer interest as vendors set realistic prices that matched market conditions, the Real Estate Institute of New Zealand (REINZ) said on Monday. Seasonally adjusted median house prices nudged 1.7% higher from January, though they were down 0.6% from a year earlier, REINZ data …
NZ house prices rise in February on improved buyer interest, REINZ says Read More »
