FRANKFURT (Reuters) – Germany is likely in recession now as external demand is weak, consumers remain cautious and domestic investment is held back by high borrowing costs, the Bundesbank said in a regular monthly report on Monday about Europe’s biggest economy. Germany has struggled since Russia’s 2022 invasion of Ukraine pushed up energy costs, and …
FRANKFURT (Reuters) – German homes are still overvalued despite a fall in prices last year as the cost of mortgages spiked, the country’s central bank said on Monday. Germany’s decade-long property boom has unravelled since a sudden bout of inflation forced the European Central Bank (ECB) to hike interest rates, while the domestic economy was …
German homes are still overvalued despite price drop – Bundesbank Read More »
(Reuters) -It’s been two years since Russia invaded Ukraine, bringing war to Europe for the first time in decades, while the markets’ AI bull’s seemingly unstoppable run continues, and China returns from a week-long holiday to economic uncertainty. Here’s your week ahead primer in world markets from Rae Wee in Singapore, Lewis Krauskopf in New …
By Anant Chandak BENGALURU (Reuters) – Bank Indonesia will keep its key policy rate unchanged at a Feb. 20-21 meeting over subdued inflation and an improving outlook for the currency, according to a Reuters poll of economists who predicted the first rate cut to come next quarter. Indonesia’s inflation rate has stayed within the central …
TOKYO (Reuters) -Japan’s core machinery orders in December rose slightly more than expected but remained down year-on-year, government data showed on Monday, although further gains are expected to be capped by global and domestic headwinds. Core orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to …
Japan Dec core machinery orders rise, recovery seen limited Read More »
By Takahiko Wada and Leika Kihara TOKYO (Reuters) – Japan’s exit from ultra-easy monetary policy would mark a “regime change” for its banking system as lenders compete for deposits in a move that could trigger massive shifts in fund flows, a former banking regulator said. With inflation having exceeded its 2% target for well over …
Japan’s ex-bank regulator warns of ‘regime change’ impact from BOJ stimulus exit Read More »
BUENOS AIRES (Reuters) – Poverty levels in Argentina hit 57.4% in January, the highest in at least 20 years, according to a report by the Catholic University of Argentina (UCA) cited by local media on Sunday. According to the report, the devaluation of the peso currency carried out by President Javier Milei shortly after his …
Poverty in Argentina hits 20-year high at 57.4%, study says Read More »
KYIV (Reuters) – Only 1-2% of the Ukrainian winter wheat crop will not survive the current winter, the agriculture ministry said on Sunday, citing data from scientists. Winter wheat accounts for more than 95% of Ukraine’s overall wheat output. During winter, up to 7% of the winter sowing area usually dies, mainly due to heavy …
Weather damages only 1-2% of Ukraine 2024 winter wheat crop, ministry says Read More »
(Reuters) -Jeff Zucker-led investment group RedBird IMI has struck a 1.15 billion pound ($1.45 billion) deal to buy Britain’s All3Media, the production house behind hit TV shows “Fleabag” and “Squid Game: The Challenge”, RedBird IMI said on Friday. All3Media, whose film and TV production companies are based in Britain, the United States, Germany, the Netherlands, …
RedBird IMI strikes $1.45 billion deal for UK’s All3Media Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices increased more than expected in January amid strong gains in the costs of services such as hospital outpatient care and portfolio management, stoking financial market fears inflation was picking up after months of cooling. The increase reported by the Labor Department on Friday was the largest …
Strong services price increases lift US producer inflation in January Read More »
