By Karen Brettell NEW YORK (Reuters) -The dollar dipped on Friday but was on track for its strongest weekly performance in a month on expectations that the U.S. economy will continue to outperform its peers globally this year and that U.S. interest rates will stay relatively higher. A still solid labor market and stubbornly high …
ISTANBUL (Reuters) -Turkish inflation was lower than expected at 44.38% annually and 1.03% on a monthly basis in December, data showed on Friday, in a month in which the central bank launched an easing cycle after an extended battle to tame runaway price rises. The month-on-month rate was less than half of November’s 2.24%, the …
Turkish inflation falls more than expected to 44% Read More »
BEIJING (Reuters) -China’s central bank said it will cut banks’ reserve requirement ratio and interest rates at “proper time” during a quarterly meeting of its monetary policy committee held last week, according to a statement published on Friday. The committee of the People’s Bank of China (PBOC), suggested strengthening monetary policy adjustments and adopting a …
China’s central bank says it will cut banks reserves, rates at proper time Read More »
BEIJING (Reuters) -Millions of government workers across China were given surprise wage increases this week, people affected by the move said, as Beijing looks to boost spending to support the slowing economy. On a combined basis, the immediate payout would amount to a one-time shot to the economy of between about $12 billion and around …
China gives government workers first big pay bump in a decade to boost economy Read More »
By Curtis Williams HOUSTON (Reuters) – U.S. LNG exports reached near record levels in December, rising to 8.5 million metric tonnes (MT) as two new plants started, and driving up full-year shipments 4.5% over 2023, according preliminary data from financial firm LSEG. December’s output was just short of the record monthly export of 8.6 MT …
U.S. LNG exports soar in December, lifting full-year growth by 4.5% Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices settled up by more than $1 a barrel on Thursday as investors returned for the first trading day of 2025 with an optimistic eye on China’s economy and fuel demand after a pledge by President Xi Jinping to promote growth. Swelling gasoline and distillate inventories in the …
Oil prices settle up on China optimism as investors return from holiday Read More »
By Anant Chandak BENGALURU (Reuters) – India’s manufacturing activity grew in December at its weakest pace for the year amid softer demand and despite easing cost pressures and strong jobs growth, a survey showed, dulling the outlook for the start of 2025. That confounded a preliminary reading showing faster expansion last month in a sector …
India’s Dec factory activity growth hits 2024 low, PMI shows Read More »
ROME (Reuters) – Italian manufacturing activity contracted for a ninth month running in December albeit at a slower pace than the month before, a survey showed on Thursday, amid persisting declines in output and new orders. The HCOB Global Purchasing Managers’ Index (PMI) for manufacturing climbed to 46.2 from November’s 12-month low of 44.5, remaining …
Italy’s manufacturing stuck in downturn in December, PMI shows Read More »
ISTANBUL (Reuters) – Turkey’s manufacturing sector contracted at the slowest rate in eight months in December, a business survey showed on Thursday, in a sign that the sector is nearing stabilisation. The Purchasing Managers’ Index (PMI) rose to 49.1 last month from 48.3 in November, moving nearer to the 50.0 threshold denoting growth, according to …
Turkish manufacturing sector nears stabilisation in December, PMI shows Read More »
SINGAPORE (Reuters) -Singapore’s economy grew 4.0% in 2024, its fastest annual pace since exiting the pandemic, accelerating from an expansion of 1.1% in 2023 and 3.8% in 2022, preliminary government data showed on Thursday. Gross Domestic Product (GDP) rose 4.3% in the fourth quarter from a year earlier, according to advance estimates from the trade …
