TOKYO (Reuters) – Japan’s factory activity contracted at the steepest pace in 10 months in December as output and new orders slid on market uncertainty, a private-sector survey showed on Thursday. The final au Jibun Bank Japan manufacturing purchasing managers’ index (PMI) shrank to 47.9 in December from 48.3 in November. It was the weakest …
Japan Dec factory activity extends declines on market uncertainty- PMI Read More »
DUBLIN (Reuters) – Growth in Ireland’s services sector slowed in December as higher prices tempered new business demand, but new exports and the outlook for future activity both improved, a survey showed on Thursday. The AIB Global S&P Purchasing Managers’ Index (PMI) slipped to 53.2 from 54.2 in November. The index has stayed above the …
Irish services sector growth slows in December as prices rise – PMI Read More »
(Reuters) – A look at the day ahead in Asian markets by Alden Bentley, Americas Breaking News Editor for Finance & Markets The early 2024 shake out continued on Wall Street, after having spilled over into Asian trade on Wednesday, and marks a potential headwind for Japanese shares when they reopen on Thursday. The Nikkei …
Marketmind: Reluctance to resume buying before U.S. jobs report Read More »
SHANGHAI (Reuters) – Chinese money managers are rushing to create funds tracking the newly-launched CSI A50 Index, which analysts say is a better reflection of China’s economic landscape and government priorities than the country’s stock benchmarks. China’s benchmark blue-chip CSI300 Index slumped 11% in 2023 as the world’s second-worst performer after Hong Kong’s Hang Seng …
China money managers rush to create funds tracking new A50 index Read More »
By Jorgelina do Rosario LONDON (Reuters) – Argentina and the International Monetary Fund are close to an agreement on a delayed review of its $44 billion programme, three sources told Reuters, a key step that would put the country on track to unlock the next tranche of funding. Government officials and IMF staff representatives are …
Argentina, IMF close to agree on delayed programme review in January – sources Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. construction spending rose less than expected in November amid a decline in outlays on public projects, but data for the prior month was revised sharply higher suggesting underlying strength in the sector. Despite coming below expectations, the report from the Commerce Department on Tuesday added to a recent raft …
US construction on solid ground; manufacturing under pressure Read More »
LONDON (Reuters) – There’s not much time to get over the New Year’s partying: the most closely watched U.S. economic release and key euro area inflation data are on the calendar this week, suggesting a busy start to 2024. With hopes high for big central banks to start cutting interest rates soon, euphoric financial markets …
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) – The Bank of Israel lowered short-term borrowing rates for the first time in nearly four years on Monday, becoming the first developed country to ease policy, while urging lawmakers to rein in spending that has soared during Israel’s war with Hamas. In reducing interest rates for …
Bank of Israel makes first cut since 2020, governor warns on spending Read More »
SAO PAULO (Reuters) – Brazil’s Vice President Geraldo Alckmin on Sunday unveiled government measures aimed at providing companies with tax benefits so they can buy new machinery and invest in transportation. The measures are part of President Luiz Inacio Lula da Silva’s plan to “re-industrialize” Latin America’s largest economy, where industrial output still lags behind …
Brazil unveils tax benefits for firms to boost investments Read More »
By Efrain Otero CARACAS (Reuters) -Several bars and restaurants in Venezuela’s capital Caracas are offering an eight-hour tour where customers visit each establishment in a bid to boost low sales at a time of persistent inflation. The so-called “Route of Pagan Temples” takes diners through two restaurants and seven bars in the city in a …
Struggling Caracas restaurants, bars offer tour to boost sales Read More »
