JERUSALEM (Reuters) – Israel’s inflation rate edged down more than expected to 3.0% in December from 3.3% in November, the Central Bureau of Statistics said on Monday – its lowest level in two years which could support further central bank interest rate cuts. A Reuters poll had expected the rate to ease to 3.1% last …
Israel inflation rate reaches two-year low of 3.0%, returns to target Read More »
LIMA (Reuters) – Peru’s GDP saw positive growth in November after six months in the red, the government said on Monday, beating analyst forecasts and bringing some hope that the country could exit the technical recession it entered last year. Peru’s economy grew 0.29% in November compared to the year-ago period, according to the data …
Peru’s economy grows in November for first time since April Read More »
ATHENS (Reuters) -Greece has received nearly 15 billion euros ($16 billion) in grants and loans from the European Union’s Recovery Fund since 2021, a sum which is equivalent to about 8% of its economic output, the government said on Monday. After years of underinvestment due to a 2010-2018 financial crisis and the COVID-19 pandemic, Greece …
Greece has tapped 15 billion euros from EU’s Recovery Fund – minister Read More »
TORONTO (Reuters) – Canadian home sales rose in December to end the year on an upbeat note after the market was buffeted by higher borrowing costs in 2023, data from the Canadian Real Estate Association showed on Monday. Home sales rose 8.7% in December from November and were up 3.7% year-over-year, the largest year-over-year gain …
Canadian home sales jump in December; 2023 sales fall 11.1% Read More »
FRANKFURT (Reuters) – It is too early for the European Central Bank to discuss cutting interest rates because inflation remains high, ECB policymaker Joachim Nagel said on Monday. The Bundesbank president, a policy hawk who favours higher rates, was once again pushing back against market expectations for the ECB to begin lowering borrowing costs from …
ECB’s Nagel says too early to discuss cutting rates Read More »
(Reuters) – Goldman Sachs raised its 2024 U.S. GDP growth forecast to 2.3% from 2.1% expected earlier. “We expect much stronger GDP growth in 2024 than consensus and see a much lower risk of recession, ” Goldman Sachs said in a note on Sunday. (Reporting by Priyadarshini Basu in Bengaluru; Editing by Sonia Cheema)
(Reuters) -Global political and business leaders meet in the Swiss resort of Davos this week against a complex geopolitical backdrop beset by war, tectonic shifts in monetary policy, climate change and an uncertain election-packed year. The global economy appears to be avoiding recession for now, but a key litmus test looms for China with GDP …
NEW YORK (Reuters) – Global banks could boost their valuations by a combined $7 trillion in the next five years if they take major steps to promote growth and boost productivity, the Boston Consulting Group said in a report on Monday. Lenders could roughly double their current valuations if they pursue growth and improved price-to-book …
Bank valuations could rise by $7 trillion in five years, study finds Read More »
(Reuters) – The global economy faces a year of subdued growth prospects and uncertainty stemming from geopolitical strife, tight financing conditions and the disruptive impact of artificial intelligence, a survey of top economists released on Monday found. Conducted each year ahead of the World Economic Forum’s (WEF) annual meeting in the Swiss resort of Davos, …
‘Precarious’ year ahead for world economy, Davos survey predicts Read More »
SHANGHAI (Reuters) -China’s central bank left the medium-term policy rate unchanged on Monday, defying market expectations as signs of a weaker currency continued to limit the scope of monetary easing. A slew of recent economic indicators continued to reflect the country’s uneven economic recovery, with a pick-up in exports in December but weak credit growth …
China central bank holds medium-term rate but adds liquidity Read More »
