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SEOUL (Reuters) – South Korean consumer spending will benefit from interest rate cuts when the central bank makes them, a member of its board said on Tuesday, adding that domestic demand has become more sensitive to interest rates than before. Consumer sentiment dropped sharply in March on growing worries about higher produce prices, a survey …

Bank of Korea official says eventual rate cuts will spur consumer spending Read More »

A look at the day ahead in European and global markets from Tom Westbrook As markets await key U.S. inflation figures this Good Friday, the focus is swinging to a sudden resurgence in yuan volatility. After months of flatlining, traders are beginning to suspect some kind of shift at the People’s Bank of China as …

Morning Bid: Sliding yen rouses snoozing yuan Read More »

By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) -Federal Reserve officials said on Monday they still had faith that U.S. inflation will ease, with housing price increases in particular expected to help pull down the headline pace of price increases, but also acknowledged an increased sense of caution around the debate. “Although housing-services inflation remains …

Fed officials still betting on inflation slowdown, but caution rising Read More »

By Lucia Mutikani WASHINGTON (Reuters) -Sales of new U.S. single-family homes unexpectedly fell in February after mortgage rates increased during the month, but the underlying trend remained strong amid a chronic shortage of previously owned houses on the market. The report from the Commerce Department on Monday also showed the median new house price last …

US new home sales fall; median price lowest in more than 2-1/2 years Read More »

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s economic activity likely dropped 5.5% in January on an annual basis, a Reuters analyst poll showed on Monday, which would represent a sharp decline in the first full month of data since President Javier Milei took office on Dec. 10. The 14 local and foreign analysts surveyed …

Argentina economic activity likely slid 5.5% in Milei’s first full month – Reuters poll Read More »

BUCHAREST (Reuters) – A Romanian state agency for rural investments is using artificial intelligence to help farmers apply for European Union funds, it said on Monday, a first in one of the EU’s least developed digital economies. The Agency for Financing Rural Investments (AFIR) told Reuters it began using robots from software automation company UiPath …

Romanian state agency turns to AI to help farmers tap EU funds Read More »

MOSCOW (Reuters) – The rouble hit a one-week low past 93 to the dollar on Monday as the Russian market reopened after a deadly shooting rampage near Moscow on Friday evening, with the Russian currency supported by high oil prices and month-end tax payments. Russia lowered flags to half-mast for a day of mourning and …

Russian rouble hits one-week low vs dollar after deadly Moscow attack Read More »

A look at the day ahead in European and global markets from Wayne Cole. It’s been a slow start to what will be a holiday-shortened week for many centres, though that won’t stop the U.S. from releasing the Federal Reserve’s favoured inflation measure on Friday even as markets there are shut. The U.S. core personal …

Morning Bid: No holiday for US core inflation Read More »