By Fergal Smith TORONTO (Reuters) – Greater Toronto Area home sales rebounded in January as new listings climbed, while home prices were little changed after two straight months of increases, data from the Toronto Regional Real Estate Board (TRREB) showed on Wednesday. Seasonally adjusted sales rose 10% on a month-over-month basis in January to 5,971 …
FRANKFURT (Reuters) -The European Central Bank should ease policy at a measured pace to balance the risk of needlessly depressing growth and fuelling excessive inflation, ECB chief economist Philip Lane argued on Wednesday. The ECB has lowered borrowing costs at each of its past four meetings and markets anticipate at least another three moves this …
ECB’s chief economist makes case for measured policy easing Read More »
By Fergal Smith TORONTO (Reuters) – Canada’s services economy deteriorated for the second straight month in January as uncertainty generated by the threat of U.S. trade tariffs offset lower borrowing costs, S&P Global’s Canada services PMI data showed on Wednesday. The headline Business Activity Index rose to 49.0 from 48.2 in December but remained below …
Canada’s services PMI shows activity shrinking in January Read More »
By Duncan Miriri NAIROBI (Reuters) -Kenya has already started talks with International Monetary Fund officials to secure a new lending program when the current one expires in April, its finance minister told Reuters on Wednesday. The East African nation needs continued support from the Washington, D.C.-based lender to keep its economy on track after its …
Kenya has begun talks with IMF for new lending program, finance minister says Read More »
By Clyde Russell CAPE TOWN (Reuters) -Beyond the short-term volatility and uncertainty created by U.S. President Donald Trump’s tariff machinations, it’s likely that the longer-term trend of the world splitting into two trading blocs is accelerating. Stripping away Trump’s bluster and often contradictory actions, the message seems to be fairly clear. Trump’s view of the …
Trump or BRICS? The quandary for Africa’s miners and governments: Russell Read More »
By Karen Braun NAPERVILLE, Illinois (Reuters) -A potential trade war between the United States and its two neighbors has been thwarted for now, though the U.S.-China status remains murky after both parties implemented tariffs on Tuesday, their leaders yet to speak with one another as of late afternoon. All four countries occupy significant spots on …
By the numbers: US, Mexico, Canada, China trade: Braun Read More »
By Mike Dolan LONDON (Reuters) -From the Western world’s biggest economic car crash to an emerging bridge between trade-warring superpowers, Britain’s shifting 2025 narrative is hard to keep up with. Neither angle will likely turn out to be the ‘right’ one. But the sudden switch is yet another example of how dangerous it can be …
Zero to hero? UK narrative switches yet again: Mike Dolan Read More »
BERLIN (Reuters) – Inflation is approaching the European Central Bank’s 2% target, and how much lower the rates will go depends on data confirming inflation is converging towards that target in a sustainable manner, the bank’s vice president told Slovak newspaper Hospodarske Noviny. “We are confident that this will happen this year, but there are …
ECB’s de Guindos says how low rates go depends on inflation development Read More »
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s economy grew 5.03% in 2024, roughly similar to the previous year’s rate and in line with expectations, but the pace was the slowest in three years, official data showed on Wednesday, raising hopes of further stimulus measures. Growth in Southeast Asia’s largest economy has hovered …
Indonesia’s economy expands 5% in 2024, more rate cuts seen in bumpy 2025 Read More »
NAIROBI (Reuters) – Kenya’s private sector activity expanded for a fourth straight month in January but only modestly and at a slower pace than in December, a survey showed on Wednesday. The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) slipped to 50.5 in January from 50.6 a month earlier. Readings above 50.0 signal an expansion …
Kenya private sector activity expands weakly in January, PMI shows Read More »
