Reuters US Economy

Cincinnati Financial’s profit jumps on strong underwriting business, investment income

11 Feb 2025

(Reuters) – Insurance firm Cincinnati Financial reported nearly a 38% increase in its fourth-quarter profit on Monday, helped by gains in its underwriting business and higher investment income. The Fairfield, Ohio-based company offers a range of insurance products, including property and casualty insurance for individuals, businesses and organizations, and collects premiums from policyholders. It also …

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US containerized imports hit record high in January

10 Feb 2025

By Lisa Baertlein (Reuters) – U.S. container imports hit a record high in January, with goods from China notching a year-over-year gain of 10.2%, supply chain technology provider Descartes said on Monday. U.S. seaports handled 2.49 million 20-foot equivalent units (TEUs) in January, topping the previous January import record set in 2022. Goods from China …

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Bond traders waver as Trump questions US government debt figures

10 Feb 2025

By Davide Barbuscia NEW YORK (Reuters) – Bond investors were thrown off balance on Monday by U.S. President Donald Trump’s weekend remarks on investigating Treasury debt payments for fraud, with some hoping they signaled a future pullback in debt issuance. Speaking to reporters aboard Air Force One, Trump said officials reviewing wasteful spending had shifted …

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Israel statistics bureau lowers food weighting, raises housing in CPI basket

10 Feb 2025

JERUSALEM (Reuters) – Israel’s main government data supplier said on Monday it was adjusting its inflation basket by boosting the weighting of housing, telecommunications and transportation, while lowering the weighting for food. Starting with the January consumer price index, which will be issued on Friday, housing rental costs will comprise 26.8% of the CPI, up …

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Funds push bullish CBOT corn bets to highest since April 2022: Braun

10 Feb 2025

By Karen Braun NAPERVILLE, Illinois (Reuters) -“Funds bought corn” is perhaps becoming a broken record for U.S. grain markets, though there are signs that the streak could soon be snapped. In the week ended February 4, money managers increased their net long position in CBOT corn futures and options to 364,217 contracts from 350,721 a …

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UK public sector productivity extends post-COVID decline

10 Feb 2025

By David Milliken LONDON (Reuters) – Productivity in Britain’s public sector recorded a year-on-year decline in the three months to the end of September 2024, as the health service struggled to recover from the impact of the COVID-19 pandemic and a wave of industrial action. Bleak productivity figures in both the public and private sectors …

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Bank of Mexico’s governor says inflation fight enters new phase

10 Feb 2025

By Anthony Esposito MEXICO CITY (Reuters) – Mexico’s inflationary environment is expected to allow policymakers to keep cutting the benchmark interest rate, the head of the Bank of Mexico told Reuters, as the fight to bring down inflation has entered a new phase. Banxico, as the Mexican central bank is known, cut the key rate …

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Berlin working to avoid tariff increases, economy ministry says

10 Feb 2025

BERLIN (Reuters) – The German government is working towards avoiding tariff increases threatened by U.S. President Donald Trump, an economy ministry spokesperson said on Monday. Berlin is “working towards ensuring that these measures do not materialise”, the spokesperson said, adding that Economy Minister Robert Habeck had met with EU trade commissioner Maros Sefcovic to discuss …

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