SEOUL (Reuters) – South Korea’s exports rose for a seventh straight month in April, trade data showed on Wednesday, as strong demand for chips continued to lead growth while automobile sales and U.S. shipments climbed to record highs. Overseas sales by Asia’s fourth-largest economy rose 13.8% from the same month a year earlier to $56.26 …
South Korea exports rise for seventh month on growing chip demand Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -The latest figures showing the surprising – some would say alarming – durability of U.S. inflation are also re-focusing the spotlight on the source and strength of demand for U.S. Treasuries. Bonds are getting crushed and yields are hitting their highest levels in almost six months, as investors scramble …
US bond price slide puts buyers to the test: McGeever Read More »
(Reuters) – The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to boost the currency that is languishing near 34-year lows. The dollar fell sharply to 155.01 yen from as high as 160.245 earlier in the day. Trade sources said Japanese banks were seen selling dollars for …
Instant view: Japan’s yen jumps 5 yen against dollar on suspected intervention Read More »
(Reuters) – A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors’ focus in the days ahead on the global rates outlook and on tech earnings, while growth and inflation data from Europe and China are also coming out. Here’s what to expect in the coming days, from Rae Wee in …
WASHINGTON (Reuters) -The U.S. Labor Department on Friday corrected productivity data from 2019 through 2023 after a computation error in off-the-clock hours worked ratios biased downward the labor hours levels underlying the productivity and costs data published last month. Worker productivity increased at a 3.3% annualized rate in the fourth quarter, corrected from the previously …
US Labor Department corrects productivity data from 2019 through 2023 Read More »
TOKYO (Reuters) – Japan’s factory output likely staged a strong rebound in March from the previous month’s decline, with retail sales probably holding firm on booming inbound tourism and easing worry about weak domestic consumption, a Reuters’ poll of 17 analysts found. The poll comes ahead of what is expected to be solid data next …
By Mike Dolan LONDON (Reuters) – The slightly alarming sight of a French leader calling on the European Central Bank to nuance its focus on inflation may be less dramatic than it first seems – but it speaks loudly to market zeitgeist and increasingly anxious bond investors. In a keynote speech on the European Union …
Column-Macron dig at ECB remit may jar bond investor nerves :Mike Dolan Read More »
By Rodrigo Campos (Reuters) -The International Monetary Fund (IMF) and Ecuadorean authorities have reached a staff-level agreement to underpin a four-year, $4 billion extended fund facility (EFF), the IMF said in a statement on Thursday. “Amid a challenging macroeconomic outlook, our objective has been and remains to support the authorities’ efforts to improve the living …
IMF, Ecuador reach four-year, $4 billion staff-level agreement Read More »
By Dietrich Knauth NEW YORK (Reuters) – Craft retailer Joann Inc received a U.S. bankruptcy judge’s approval on Thursday for a restructuring that would eliminate $505 million in debt and keep all 815 retail locations open. U.S. Bankruptcy Judge Craig Goldblatt approved Joann’s restructuring plan at a court hearing in Wilmington, Delaware, saying the bankruptcy …
Craft retailer Joann approved to exit bankruptcy, slash $505 million debt Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy grew at its slowest pace in nearly two years in the first quarter amid a surge in imports and small build-up of unsold goods at businesses, signs of solid demand that together with an acceleration in inflation reinforced expectations the Federal Reserve would not cut interest …
Imports hold back US economy in first quarter, inflation flares up Read More »
