By Belén Carreño and Corina Pons MADRID (Reuters) – Fresh from a tour of Real Madrid’s glittering Santiago Bernabeu stadium in the Spanish capital, Guadalupe Rebollo says a holiday in Spain with her 15-year-old daughter is a better deal than one on the beach in her native Mexico. The Rebollos are part of a record …
Analysis-Tourism a boon for Spain’s economy but a bane for some locals Read More »
(Reuters) – German producer prices fell more than expected in April due mainly to lower energy prices, the federal statistics office reported on Tuesday. Producer prices decreased by 3.3% on the year. Analysts polled by Reuters had expected a 3.1% decline. Energy prices were down 8.2% year-on-year in April, due mainly to lower prices for …
German producer prices fall more than expected in April Read More »
By Tom Sims and John O’Donnell FRANKFURT (Reuters) – International investors are skirting German property deals as they dial back on a market in its worst crisis in a generation, potentially deepening the scars on Europe’s biggest economy. Foreign buyers accounted for 35% of purchases of commercial real estate in the first quarter, data from …
Germany property trough worsens as foreign investors scale back Read More »
A look at the day ahead in European and global markets from Kevin Buckland Stock market momentum is waning as a dearth of fresh economic clues sees the feverish punting over the pace of Federal Reserve rate cuts finally settle down. Most Asian equity indexes declined on Tuesday, led by the Hang Seng’s more than …
Morning Bid: News vacuum sucks momentum from markets Read More »
LONDON (Reuters) – The types of business which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said. Productivity in professional and financial services and in information technology grew by 4.3% …
AI-intensive sectors are showing a productivity surge, PwC says Read More »
TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned about the negative implications of the current weakness in the yen and its effect on incentives to increase wages. “One of our major goals is to achieve wage increases that exceed the rise in prices,” Suzuki said. “On the other hand, if …
Japan closely monitoring weak yen and bond market, Finance Minister says Read More »
By Arasu Kannagi Basil (Reuters) -Regional lender SouthState Corp will buy Texas-based smaller rival Independent Bank Group for about $2 billion, the companies said on Monday, creating a combined entity with $65 billion in total assets. The all-stock deal will help SouthState enter Texas and Colorado, the two states where it does not have a …
Regional lender SouthState to buy Texas-based Independent Bank for about $2 billion Read More »
MEXICO CITY (Reuters) – Mexico’s headline inflation likely ticked up in the first half of May for the third consecutive fortnight, a Reuters poll showed on Monday, fueling bets the Bank of Mexico will hold its key interest rate steady at its next monetary policy meeting. The median forecast of 10 analysts projects annual headline …
Mexico’s headline inflation likely edged up in early May: Reuters poll Read More »
By Michael S. Derby and Howard Schneider (Reuters) -Federal Reserve officials are not ready to say inflation is heading to the central bank’s 2% target after data last week showed a welcome easing in consumer price pressures in April, with several on Monday calling for continued policy caution. “It is too early to tell whether …
Fed policymakers still cautious on inflation and policy Read More »
BEIJING (Reuters) – China’s fiscal revenue slipped 2.7% in the first four months of 2024 from a year earlier, after a 2.3% slide in the January-March period, in a further sign of an uneven economic recovery. Fiscal expenditure rose 3.5% in the first four months, versus a 2.9% gain in the first quarter, according to …
China’s fiscal revenue shrank 2.7% in Jan-April amid shaky economic recovery Read More »
