FRANKFURT (Reuters) – The euro zone economy grew a touch faster than initially thought in the last quarter of 2024 but employment barely grew, offering further evidence that the economy of the 20 countries sharing the euro is broadly stagnant. Euro zone GDP grew by 0.1% in the fourth quarter, Eurostat said on Friday, raising …
Euro zone economy fared a touch better than first estimated in Q4, data shows Read More »
By Nigel Hunt LONDON (Reuters) – Arabica coffee futures are expected to fall by around 30% by the end of 2025, with recent record high prices expected to curb demand and early signs pointing to a bumper Brazilian crop next year, a Reuters poll showed on Thursday. The poll had a median forecast for arabica …
Arabica coffee prices seen falling 30% by end-2025: Reuters poll Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -In a world where information, money and asset prices move faster than at any time in history, one key element of financial markets remains resolutely resistant to change: forecasting. Whether it is economists’ inflation outlooks or analysts’ predictions for where the S&P 500 will end the year, forecasters …
Why forecasters stand firm on shifting economic sands: McGeever Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s new President Anura Kumara Dissanayake will present his first budget on Monday to outline how the island nation plans to strengthen its recovery from a financial crisis. The budget is seen as crucial for Dissanayake’s attempts to cement a sustainable economic recovery after Sri Lanka plunged into …
Factbox-Why is Sri Lanka’s budget key to recovery from a severe financial crisis? Read More »
(Reuters) – Japanese investors withdrew heavily from foreign stocks in the week through February 8, snapping an eight-week buying spree as U.S. President Donald Trump’s widening tariffs threat sparked fears of global trade relationships reshaping in the U.S.’ favour. Japanese investors divested 1.27 trillion yen ($8.31 billion) worth of foreign equities on a net basis, …
Japanese investors pull out of foreign stocks amid caution over US tariffs Read More »
ZURICH (Reuters) – The generational change at the top of the Swiss National Bank does not alter its commitment to low inflation, governing board member Petra Tschudin said in an interview published on Friday. Thomas Jordan stood down last September after 12 years as chairman and was replaced by Martin Schlegel. Tschudin and Antoine Martin …
Swiss National Bank generation change does not alter policy, board member says Read More »
By Bing Hong Lok SINGAPORE (Reuters) -Singapore’s economy grew faster than expected into the end of 2024, data showed on Friday, but the government maintained its forecast for slower growth this year and warned of some risks from global trade frictions. The city-state’s economy grew 5.0% in the fourth quarter from a year earlier, higher …
Singapore’s economy ends 2024 on strong note but downside risks seen Read More »
(Corrects to say sugarcane-based ethanol, not sugar-based ethanol, in paragraph 9) BRASILIA/SAO PAULO (Reuters) -Brazil’s Energy and Mining Minister Alexandre Silveira said on Thursday that a potential U.S. tariff on Brazilian ethanol would be unreasonable, emphasizing that the two countries have historically negotiated ethanol and sugar trade together. His remarks came after U.S. President Donald …
Brazil says US ethanol tariff would be unreasonable, calls for sugar talks Read More »
By Melanie Burton MELBOURNE (Reuters) -Global Lithium Resources has appointed Dianmin Chen to run the company, after its executive chairman stepped down and shareholders approved a new board that wants to go ahead with developing its key lithium project in Western Australia. Former Executive Chairman Ron Mitchell had turned to regulators to try to stop …
Global Lithium appoints new CEO in push to develop frozen project Read More »
By Devayani Sathyan BENGALURU (Reuters) – Easing inflation has opened the door for the Reserve Bank of Australia to begin an anticipated brief series of interest rate cuts, starting with a quarter point reduction to 4.10% on Tuesday, according to most economists in a Reuters poll. This would be the RBA’s first rate cut in …
RBA to deliver first rate cut in a short series on February 18: Reuters poll Read More »
