By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell more than expected in October as higher mortgage rates squeezed out buyers even as builders cut prices, but the setback is likely temporary amid a persistent shortage of previously owned houses on the market. The decline in sales reported by the Commerce …
Higher mortgage rates weigh on US new home sales in October Read More »
(Reuters) – Sentiment among German exporters improved in November, although only a few sectors expected exports to increase, according to a survey by the Ifo economic institute released on Monday. The institute’s export expectations indicator rose to minus 3.8 points in November from minus 6.3 points in October. “However, the export economy still isn’t managing …
German export sentiment improves in November – Ifo Read More »
By Siddharth Cavale and Amina Niasse NEW YORK (Reuters) -The battleground for  retailers this U.S. holiday season is over merchandise priced at $35 and less, setting the stage for the cheapest shopping period in years for TVs, toys, dresses, and sporting goods, according to retail executives, federal pricing data and exclusive analysis of early Black …
US shoppers set for cheapest holiday toys, coats and dresses in years Read More »
(Reuters) – S&P Global Ratings on Friday revised Bahrain’s outlook to “stable” from “positive”, citing spending pressures that could push the country’s fiscal deficit wider than the credit ratings agency previously expected. S&P maintained its “B+/B” ratings on the country and said it expects that the government will implement measures to reduce its budget deficit …
S&P revises Bahrain’s outlook to ‘stable’ on fiscal deficit worries Read More »
(Reuters) -Bank of England Chief Economist Huw Pill said it had to hold firm in its battle against inflation and it cannot afford to loosen tight monetary policy, the Financial Times reported on Friday. Pill said that the economy was seeing slow growth in activity and unemployment but that was largely supply-driven and not associated …
BoE’s Pill says bank must hold firm in battle against inflation -FT Read More »
By Juveria Tabassum, Savyata Mishra (Reuters) -Retailers are preparing for what they hope will be yet another record-setting global shopping spree on Black Friday, the fourth Friday of November, which this year is Nov. 24. Known for crowds lining up at big-box stores to pounce on doorbuster discounts during the early hours after American Thanksgiving, …
Explainer-What deals can shoppers find this Black Friday? Read More »
By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s central bank debated an interest rate hike at its directors meeting on Thursday, a bank source told Reuters, though decided to hold the benchmark level steady for now and keep monitoring inflation and outflows of deposits. The South American country’s interest rate is currently at 133%, one of …
Argentina central bank debates rate hike but holds off for now -source Read More »
By Nell Mackenzie LONDON (Reuters) – Asset manager NZ funds has made a 300% return on its bet that the price of uranium would benefit from supply shortages arising from growing geopolitical tensions between the U.S., Russia and China and from a global push to ditch fossil fuels. In a message to Reuters on Wednesday, …
NZ Funds says uranium bet returns over 300% profit Read More »
By Steven Scheer JERUSALEM (Reuters) -Israel’s economy is expected to grow 2% in 2023, down from a prior estimate of 2.7%, the Finance Ministry said on Thursday citing the effects of Israel’s war with Hamas. For 2024, the ministry projected growth of 1.6% as its main estimate based on a war that will continue through …
Israel’s economic growth to slow to 2% in 2023 due to war -finance ministry Read More »
By Naomi Rovnick, Samuel Indyk, Lucy Raitano and Harry Robertson LONDON (Reuters) -Britain’s finance minister on Wednesday announced a raft of measures aimed at reviving the sluggish economy without upsetting markets, but a degree of caution over the outlook for borrowing and inflation rattled bonds and sterling. Nerves about cuts to social security payments were …
UK budget winners and losers: the pound, bonds and brewers Read More »
