Reuters US Economy

By Hyonhee Shin (Reuters) – Economic relations between South Korea and China face risks and challenges due to increasingly fierce competition over technology, South Korea’s Foreign Minister Cho Tae-yul said on Monday ahead of talks with his Chinese counterpart. Cho arrived in Beijing earlier in the day, marking his first trip to China since taking …

South Korea’s top diplomat warns of rising economic competition with China Read More »

By Stella Qiu and Wayne Cole SYDNEY (Reuters) – Australia’s government is expected to boast another surplus in its annual budget due on Tuesday, courtesy of strong employment and high commodity prices, giving it cash to afford more cost of living relief and industry incentives. Ahead of his third budget since the centre-left Labor government …

Australia to boast budget surplus, eye inflation’s earlier return to target Read More »

By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s finally the week of the U.S. consumer price lottery, and never has a second decimal been so important. The median forecast for core CPI is 0.3%, which alone would be a real relief after three …

Morning Bid: With US inflation, every decimal counts Read More »

SEOUL (Reuters) – South Korea’s financial watchdog said on Monday it was expanding and toughening the assessment of real estate projects in a bid to speed up restructuring of the sector. House prices in South Korea have been falling since June, 2023, as high interest rates weighed on demand, and worries about debt repayments at …

South Korea tightens scrutiny to speed up real estate restructuring Read More »

By Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) – Japan is seeing conditions fall in place for the central bank to normalise monetary policy, ruling party heavyweight Katsunobu Kato told Reuters, underscoring growing political support for further interest rate hikes. But Kato said the Bank of Japan (BOJ) must keep a close eye on economic …

Japan on track to normalise monetary policy, says ruling party heavyweight Read More »

SYDNEY (Reuters) – Australia’s government, preparing to announce the federal budget, said on Sunday inflation could moderate to the central bank’s 2%-3% target range by the end of the year, a faster easing than predicted in December. The Labor government also lowered down its economic growth forecasts. In the December economic and fiscal outlook, the …

Australia says inflation could ease to RBA target range by year end Read More »

SYDNEY (Reuters) – Australian Treasurer Jim Chalmers said on Sunday he expected this week’s federal budget would help ease the country’s stubbornly high inflation, as many Australians continue to grapple with cost-of-living pressures. “We do expect the budget, as I said, to put downward pressure on inflation rather than upward pressure on inflation,” Chalmers said …

Australia government says budget to help ease high inflation Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Treasury Department said on Friday it planned to conduct a series of auctions to sell the warrants to purchase stock in U.S. airlines that it received after Congress approved $54 billion in COVID-19 air carrier assistance in 2020 and 2021. Out of the $54 billion awarded, airlines were …

US to hold auctions to sell airline warrants received during COVID bailouts Read More »

HAVANA (Reuters) – Cuba’s government and independent online news site El Toque exchanged blows this week after state-run media accused the website of manipulating the black market currency exchange rate to impoverish Cubans and stoke unrest on the Caribbean island. The El Toque site (eltoque.com) has enraged the administration of Cuban President Miguel Diaz-Canel by …

Cuba accuses online news site of US-backed plot to sabotage economy Read More »