(Reuters) – Consumer prices in France rose 2.6% year-on-year in May, statistics office INSEE said on Friday, slightly revising down its preliminary reading of a 2.7% increase published in late May. EU-harmonised year-on-year inflation in the bloc’s second-biggest economy accelerated in May in comparison to the April reading of 2.4%. This slight acceleration is due …
French inflation revised notch down to 2.6% in May Read More »
By Maytaal Angel LONDON (Reuters) -Cocoa prices rose back above $10,000 per metric ton on Thursday, heading toward all-time highs, as the chocolate industry’s supply crisis worsened after top producer Ivory Coast halted cocoa exports for June and forward sales for next season. That followed reports on Wednesday that Ghana, the world’s second largest producer …
Cocoa back above $10,000/ton as chocolate industry supply outlook worsens Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – The virtuous cycle of loosening U.S. financial conditions and booming asset prices is accelerating rapidly as inflation continues to cool, which could be a problem for the Federal Reserve when it’s time to cut interest rates. Surprisingly weak consumer and producer inflation this week has propelled Wall Street …
Column-Ultra-loose financial conditions turn up summer heat on Fed: McGeever Read More »
By Michael S. Derby and David Lawder NEW YORK/WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Thursday that U.S. public investments that attract private capital are crucial to promote sustainable and inclusive growth over the long term, but warned that China’s model of massive state industrial subsidies were unacceptable to the world. Yellen said …
Yellen: US growth needs public, private investments, China subsidies excessive Read More »
BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate stood at 4.2% in May, official data published on Thursday shows, landing below a Reuters poll forecast of 4.9% and slowing down from April’s rate of 8.8%. Inflation in the 12 months through May, meanwhile, landed at 276.4%, also below a poll forecast of 279.4%. (Reporting by …
By Ahmed Aboulenein WASHINGTON (Reuters) – Healthcare spending in the U.S. is projected to have risen 7.5% in 2023 to $4.8 trillion, federal data showed on Wednesday, outpacing the projected annual gross domestic product growth rate of 6.1%. Spending on Medicaid and private health insurance drove the growth, with the insured share of the population …
U.S. healthcare spending rises to $4.8 trillion in 2023, outpacing GDP Read More »
(This June 12 story has been corrected to remove an erroneous reference to Oman as one of the countries involved in the 2017-2021 boycott of Qatar in paragraph 9) By Andrew Mills DOHA (Reuters) – When Saudi Crown Prince Mohammed bin Salman buckled himself into a Bentley SUV with Qatar’s emir at the wheel, it …
Business boom builds Qatar-Saudi entente as Gulf rift fades Read More »
(Reuters) – German wholesale prices fell by 0.7% in May compared with the same month last year, according to data released by the federal statistics office on Thursday. The office offers more detailed economic data on its website. (Reporting by Louis van Boxel-Woolf, Editing by Andrey Sychev)
By David Randall and Lewis Krauskopf NEW YORK (Reuters) – Soft landing hopes that have powered U.S. stocks this year received a boost following encouraging inflation data and a nod from the Federal Reserve at progress made in fighting consumer prices. Expectations for a so-called soft landing, in which the Fed is able to tame …
Analysis-Fed meeting, benign inflation keep soft landing hopes alive Read More »
BANGKOK (Reuters) – Thai consumer confidence dropped for a third straight month in May, falling to its lowest level since October last year on concerns over a slow economic recovery and political uncertainty, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce fell to 60.5 in May …
Thai consumer confidence at 7-month low on slow growth, political uncertainty Read More »
