By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The U.S. is “within striking distance” of the Federal Reserve’s 2% inflation goal, but the central bank should not rush to cut its benchmark interest rate until it is clear lower inflation will be sustained, Fed Governor Christopher Waller said on Tuesday. And regardless of when rate …
Fed’s Waller says US “within striking distance” of inflation goal Read More »
By Wa Lone TORONTO (Reuters) – Canada’s planned curbs on work by international students could spark shortages of temporary workers in food services and retail industries as employers are wrestling with a tight labour market and wage inflation in some pockets of the economy. Last month, Canadian Immigration Minister Marc Miller outlined measures, including slashing …
Canada’s planned curbs on overseas student work may hurt tight job market Read More »
DAVOS, Switzerland (Reuters) – Inflation in India is moderating and steadily approaching the central bank’s 4% target while growth prospects remain robust, Reserve Bank of India chief Shaktikanta Das said on the sidelines of the World Economic Forum annual meeting. “Inflation has come under control and is within the band we have, which is 2% …
India inflation moving towards 4% target, says RBI chief Read More »
(Reuters) – Federal Reserve Governor Christopher Waller on Tuesday said it would be “reasonable” for the U.S. central bank to start thinking about slowing the pace of reductions to the Fed’s balance sheet this year, but only for its Treasuries holdings. “I would say sometime this year will be a reasonable thing to start thinking …
Fed’s Waller: Balance sheet tapering could slow this year Read More »
BERLIN (Reuters) – German inflation rose in December to 3.8%, the federal statistics office said on Tuesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, had risen by 2.3% year-on-year in November. The statistics office gives more details on its website. (Reporting by Miranda Murray and Linda Pasquini)
By Yantoultra Ngui, Kane Wu and M. Sriram SINGAPORE/HONG KONG/MUMBAI (Reuters) – Blackstone Inc, the world’s largest alternative asset manager, will double its private equity business headcount in Singapore within the next two years, a top executive said, as it looks to tap into a growing number of deals in Southeast Asia. The expansion in …
Blackstone to expand private equity headcount in Singapore in Southeast Asia push Read More »
KUALA LUMPUR (Reuters) – Malaysia has exempted the imposition of capital gains tax and taxes on foreign-sourced income on unit trusts, its second finance minister said on Tuesday. The exemption on foreign-sourced income is effective from Jan. 1, 2024 until Dec. 31, 2026 while the exemption on capital gains tax is effective from Jan. 1, …
By Leika Kihara TOKYO (Reuters) -Japan’s wholesale inflation was flat in December from a year earlier, slowing for the 12th consecutive month, underscoring the central bank’s view that cost-push pressure from rising raw material prices will steadily dissipate. The data indicate that rises in consumer inflation will moderate in coming months, and take pressure off …
Japan’s wholesale inflation flat in December, eases pressure on BOJ Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Another day, another leap to a fresh 34-year peak. Is there anything that will stop the Japanese equity juggernaut? There isn’t much on the Asian economic and policy calendar to give markets a steer on Tuesday – volume will pick up …
By Mayela Armas CARACAS (Reuters) – Venezuela’s economy grew more than 5% in 2023 and growth will reach 8% this year, President Nicolas Maduro said on Monday during his annual address to the government-allied legislature. Venezuela’s economy has suffered a prolonged meltdown marked by triple-digit inflation and a mass exodus of millions of migrants seeking …
Venezuela economy grew 5% in 2023, will reach 8% this year-Maduro Read More »
