JAKARTA (Reuters) – Indonesia’s February trade surplus is expected to have widened slightly from the previous month as exports likely contracted at a slower pace, while imports rose ahead of the Muslim fasting month of Ramadan, a Reuters poll showed on Thursday. A median forecast from 20 economists surveyed between March 7-14 projected a $2.32 …
Indonesia’s February trade surplus seen widening to $2.32 billion Read More »
By Iain Withers CANNES, France (Reuters) – Germany is midway through a four-year real estate crisis that will lead to more losses and distressed sales of unwanted properties, the head of Commerzbank’s real estate business told Reuters. The euro zone’s largest economy is in the grip of its worst property slump since at least the …
Germany is only halfway through property crisis, says Commerzbank real estate boss Read More »
By Faith Hung (Reuters) – Taiwan will probably not cut interest rates before June as it may be necessary to raise the 2024 inflation forecast in consideration of rising consumer prices, the central bank governor said on Thursday. Taiwan’s consumer price index (CPI) rose 3.08%, a 19-month high, in February as food prices climbed during …
Taiwan central bank will probably not cut rates before June, governor says Read More »
By Marc Jones LONDON (Reuters) – A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with over half in advanced development, pilot or launch stages, a closely-followed study on Thursday showed. The research by the U.S.-based Atlantic Council think tank highlighted that all G20 countries …
Countries closing in on digital currencies but US lagging, study shows Read More »
By Francesco Canepa FRANKFURT (Reuters) – The European Central Bank wants to wean banks off free cash but it will try to do so gently enough not to upset the financial system or lending, the result of its long-awaited Operational Framework Review showed on Wednesday. During nearly a decade of too-low inflation, the central bank …
ECB to wean banks off free cash at gentlest pace Read More »
By Chibuike Oguh NEW YORK (Reuters) – Shares of Williams-Sonoma, which owns home furniture retailer Pottery Barn, surged to a record high on Wednesday after it announced better-than-expected fourth-quarter results as well as a new $1 billion stock buy-back program. Williams-Sonoma’s net revenue during the holiday shopping season fell 7% to $2.27 billion while its …
Williams-Sonoma shares surge to record high on Q4 results, new $1 billion buyback plan Read More »
PARIS (Reuters) – The European Central Bank will probably start cutting rates during the spring, between April and June 21, as the “victory” against inflation is in sight, French central bank head and ECB policymaker Francois Villeroy de Galhau said on Wednesday. “The consequences we, at the European Central Bank, should draw is probably to …
ECB’s Villeroy: spring interest rate cut remains probable Read More »
By Mike Dolan LONDON (Reuters) – With fears of a U.S. recession wiped away and financial markets bulled up on the growth trajectory again, an immigration fillip is playing a key role – and may even prove disinflationary to boot. Likely one of the hottest of hot button issues in this year’s White House election, …
Column-US immigration fillip shifts economy’s trajectory :Mike Dolan Read More »
BEIJING (Reuters) – China should rely more on structural reforms and less on economic stimulus to drive economic growth this year, Liu Shijin, a policy adviser to the central bank, said on Wednesday. Liu, a member of the People’s Bank of China monetary policy committee, said the economy can achieve its growth target of around …
China cbank adviser calls for structural reform to spur 2024 growth Read More »
OTTAWA (Reuters) – The Canadian province of Quebec on Tuesday forecast its 2024/25 budget deficit would hit a record C$11 billion from the C$4 billion forecast last November and blamed a sluggish global economy and investments in public services. In its annual budget, the CAQ government also pushed back the target date for returning the …
Quebec forecasts record 2024/25 budget deficit, cites global conditions Read More »
