By Andy Home LONDON (Reuters) – China’s appetite for base metal imports appears to be growing. Refined copper volumes hit a year-to-date monthly high in August and primary aluminium imports were the highest since November 2021. The country has also fully reverted to being a net importer of unwrought zinc after flipping to net exporter …
China’s strong metal imports not as bullish as they seem: Andy Home Read More »
BERLIN (Reuters) -Five economic institutes are predicting gross domestic product (GDP) in Germany will contract by 0.6% in 2023, as rising interest rates take their toll on the economy and high inflation depresses consumption. Growth of 0.3% had been expected in the institutes’ spring forecast. The forecast confirms the numbers Reuters previously reported exclusively earlier …
German GDP expected to contract by 0.6% this year – economic institutes Read More »
SYDNEY (Reuters) – Australian Treasurer Jim Chalmers said on Thursday criticism of proposed reforms to the central bank’s policymaking board by one of his predecessors was “bizarre and wrong”, as questions grow over how a more independent board would affect policy. In an opinion piece in The Australian newspaper, former Treasurer Peter Costello said the …
Australian treasurer pushes back against criticism over RBA reform Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -If signals from the U.S. bond market prove accurate, the Fed will be successful in getting inflation down to a ‘2 handle’. Just not its 2% target. Moves in bond yields, implied inflation breakeven rates, and inflation-adjusted ‘real’ yields suggest investors anticipate the Fed’s ‘higher for longer’ interest rate …
When is success not success? When Fed gets inflation down to 2.5%: McGeever Read More »
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – A record number of Chinese are choosing to travel at home this Golden Week holiday, potentially boosting domestic consumption but disappointing travel agents who have been waiting for big-spending tourists to go back abroad since the pandemic ended. China celebrates the Mid-Autumn Festival and National Day …
Holidays at home for record number of Chinese as economic slowdown bites Read More »
SINGAPORE (Reuters) – Singapore’s finance ministry on Thursday announced an additional S$1.1 billion ($802 million) to help households handle increases in the cost of living. The package includes an additional payment of up to S$200 for 2.5 million adult Singaporeans, just under half of its population, to be disbursed in December. The package, which comes …
Singapore govt announces additional $802 million to ease cost of living Read More »
By Giuseppe Fonte and Gavin Jones ROME (Reuters) -The Italian government on Wednesday cut its growth forecasts for this year and next and hiked its budget deficit targets, as rising interest rates hurt the economy and costly green building incentives weigh on public finances. Italy, which has the euro zone’s second largest debt pile as …
Italy hikes deficit targets as economic growth weakens Read More »
By Lewis Krauskopf, Ankika Biswas and Shashwat Chauhan (Reuters) – The S&P 500 eked out a fractional gain on Wednesday after a see-saw session, as investors weighed whether to start bargain hunting following a sell-off fueled by elevated Treasury yields and uncertainty about the path ahead for interest rates. Investors were also attuned to developments …
S&P 500 ekes out slim gain as investors weigh elevated yields Read More »
By Miguel Lo Bianco BUENOS AIRES (Reuters) -Argentina’s historic Plaza de Mayo square in the center of Buenos Aires, where crowds often gather to celebrate or protest, has become the scene for a regular silent nighttime vigil: growing numbers of people in poverty looking for a hot meal. The South American country is battling annual …
Buenos Aires central square becomes nighttime soup kitchen as poverty hits 40% Read More »
BUENOS AIRES (Reuters) – Argentina’s poverty rate rose to 40.1% in the first half of 2023, the government’s INDEC statistics agency said on Wednesday, up from 39.2% in the second half of 2022. Over the first half of 2022, it reported a rate of 36.5%. Argentina, a country of some 46 million people, is rich …
Argentina poverty rate rises to 40.1% in first half of 2023 Read More »
