By Tetsushi Kajimoto TOKYO (Reuters) -Japanese exports grew for a second straight month in October but at a sharply slower pace due to slumping China-bound shipments of chips and steel, as weakening external demand takes its toll on the trade-reliant economy. Exports rose 1.6% in October from a year earlier, Ministry of Finance data showed …
Japan’s export growth slows as China, global downturn risks loom Read More »
By Herbert Lash NEW YORK (Reuters) -The dollar gained on Wednesday after still strong U.S. retail sales fell less than expected in October, a reminder for the market that a definitive date for the Federal Reserve to cut interest rates is still unknown. The dollar bounced off its biggest drop in a year on Tuesday …
Dollar gains on retail sales data, Fed rate cut date unclear Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand house prices fell slightly in October but sales activity is showing a steady improvement on 2022, the Real Estate Institute of New Zealand (REINZ) said on Thursday. Seasonally adjusted median house prices fell 0.9% in October compared with September, and were down 2.8% from a year earlier, …
New Zealand house prices dip in October, sales activity steadily improving -REINZ Read More »
By Marco Aquino LIMA (Reuters) – Peru’s economy contracted for a fifth consecutive month in September, landing well below forecasts, but the country’s economy minister argues the downturn can be reversed with economic growth expected by early next year. The mining-dependent South American economy has stumbled this year due in part to bad weather linked …
Peru economy chief: improvement possible despite months of contraction Read More »
By Andre Romani SAO PAULO (Reuters) – Brazilian financial tech company StoneCo plans to multiply net profits eightfold through the end of 2027 by accelerating the integration of its financial services and software operations, CEO Pedro Zinner said in an interview ahead of an investor event in New York on Wednesday. The firm will continue …
Brazil’s StoneCo sees profit multiplying eightfold by 2027 Read More »
By Amina Niasse NEW YORK (Reuters) – Growing confidence that U.S. bond yields have hit their peak and could head lower from here looks set to make the housing market more affordable in coming weeks. The release on Tuesday of softer inflation data for October cemented investors’ view that the Federal Reserve is done hiking …
US bond rally points to more affordable housing market Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell for the first time in seven months in October as motor vehicle purchases and spending on hobbies dropped, pointing to slowing demand at the start of the fourth quarter that further strengthened expectations the Federal Reserve is done hiking interest rates. That was supported by …
US economy cools as retail sales dip, monthly producer prices decline Read More »
BEIJING (Reuters) – China and South Korea will establish a mechanism on practical economic cooperation, Chinese state media reported on Wednesday, following a meeting of economic planning officials from both countries. Chinese and South Korean representatives from various industries including the automotive sector held talks in the meeting on Tuesday. (Reporting by Ryan Woo; Editing …
China, South Korea to establish mechanism on practical economic cooperation Read More »
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina has a $12 billion energy conundrum: what to do about state subsidies that keep prices at a minimum for two-thirds of consumers, a popular measure that is straining state coffers and a deal with the International Monetary Fund (IMF). Those subsidies, that keep energy bills at under …
Argentina’s presidential candidates face $12 billion energy subsidy conundrum Read More »
By Christoph Steitz FRANKFURT (Reuters) – Germany’s heavy economic exposure to China carries significant risks for Europe’s top economy, the country’s second-largest fund manager said, singling out the market for electric vehicles as a specific example for how that is likely to pan out. Union Investment, which has 432 billion euros ($462 billion) in assets …
German economy, auto sector face risks from exposure to China, fund manager says Read More »
