By Leika Kihara TOKYO (Reuters) -Japan’s annual wholesale inflation jumped to a seven-month high of 4.2% in January and accelerated for the fifth straight month, highlighting persistent price pressures and reinforcing market bets of another interest rate hike this year. The data came in the wake of Bank of Japan Governor Kazuo Ueda’s warning on …
Japan’s wholesale inflation jumps, reinforcing BOJ rate-hike bets Read More »
TOKYO (Reuters) – Most economists expect the Bank of Japan to raise short-term interest rates again in the latter half of this year, a monthly survey on economists conducted by private think tank Japan Center for Economic Research (JCER) showed on Thursday. In the survey of 36 economists conducted between January 30 and February 6, …
Most economists expect BOJ to hike rates in latter half of 2025, survey shows Read More »
By Andy Home LONDON (Reuters) -U.S. President Donald Trump hasn’t yet imposed import tariffs on copper but the market is already pricing in the likelihood that the red metal will be next on the list after aluminium and steel. The arbitrage between the CME and the London Metal Exchange (LME) contracts has blown wider in …
Tariff threat opens up transatlantic rift in copper pricing: Andy Home Read More »
By Abigail Summerville NEW YORK (Reuters) – Dave’s Hot Chicken, which counts rapper Drake among its investors, is exploring a potential sale that could value the popular restaurant chain at about $1 billion, including debt, people familiar with the matter said on Tuesday. The Pasadena, California-based fried-chicken chain is working with investment bank North Point …
Exclusive-Restaurant chain Dave’s Hot Chicken explores sale, sources say Read More »
(Reuters) – Craft retailer Joann said on Wednesday it has sought the court’s permission to close 500 stores across the United States as part of its ongoing bankruptcy process. In January, Joann filed for Chapter 11 protection in Delaware as inventory shortages and increased competition forced the retailer into bankruptcy for the second time in …
Craft retailer Joann seeks court permission for closure of 500 stores amid bankruptcy Read More »
By Diadie Ba and Anait Miridzhanian DAKAR (Reuters) -Senegal’s Court of Auditors released a long-awaited review of the country’s finances on Wednesday that confirmed the previous government misreported key economic data including debt and deficit figures. Senegal’s sovereign Eurobonds tumbled following release of the report. The 2033 dollar-denominated maturity led the losses, shedding more than …
Audit shows Senegal’s previous government misreported key economic data Read More »
By Maytaal Angel LONDON (Reuters) – A surge in the cost of trading arabica coffee on the ICE exchange has exacerbated a rally that has already driven prices for raw, unroasted beans to 14 successive records over the last three weeks, traders and industry analysts said. ICE, whose contracts are used as a benchmark to …
Surge in cost of trading coffee heats up record price rally Read More »
SAO PAULO (Reuters) – Services activity in Brazil ended 2024 on a negative note despite notching its fourth consecutive year of gains, with the sector unexpectedly slipping in December as the local economy provides cooling signs, data showed on Wednesday. According to statistics agency IBGE, services activity in Latin America’s largest economy was down 0.5% …
Brazil’s services activity posts surprise drop in December as economy cools Read More »
By Nikhil Sharma and Johann M Cherian (Reuters) – European shares eked out an all-time high on Wednesday, as investors cheered earnings reports from Heineken and ABN AMRO, although some caution around U.S. inflation data and trade policies prevailed. The pan-European STOXX 600 index settled a choppy session up 0.1%, with Germany’s benchmark also at …
European shares end at record peak on earnings boost; tariffs eyed Read More »
By Marco Aquino LIMA (Reuters) – Unemployment in Latin America and the Caribbean likely fell in 2024, but the inequality gap continued to widen, the International Labour Organization (ILO) said in a report on Tuesday. WHY IT’S IMPORTANT Despite a reduction in unemployment, the persistent issue of job quality is a key contributor to the …
Unemployment dips in Latin America in 2024, but inequality gap grows, ILO says Read More »
