Reuters US Economy

South Korea Dec factory activity shrinks as firms turn pessimistic, PMI shows

2 Jan 2025

By Jihoon Lee SEOUL (Reuters) – South Korea’s factory activity contracted in December, with manufacturers’ sentiment turning pessimistic for the first time since mid-2020 due to uncertainty over U.S. trade policy and domestic politics, a private sector survey showed on Thursday. The purchasing managers index (PMI) for manufacturers in Asia’s fourth-largest economy, compiled by S&P …

South Korea Dec factory activity shrinks as firms turn pessimistic, PMI shows Read More »

Venezuela economy grew over 9% in 2024, president says

1 Jan 2025

CARACAS (Reuters) -Venezuela’s economy grew over 9% in 2024, President Nicolas Maduro said, according to a transcript of an interview published by Mexican media outlet La Jornada on Wednesday. “In 2023, we had 5.5% (growth). In 2024, according to all scientific, statistical, and technical data, we will surpass 9% growth in gross domestic product, with …

Venezuela economy grew over 9% in 2024, president says Read More »

Indonesia’s president says VAT hike to apply only on luxury goods

31 Dec 2024

JAKARTA (Reuters) – Indonesia’s President Prabowo Subianto on Tuesday said a planned increase in value-added tax (VAT) rate by one percentage point to 12% effective Wednesday, Jan. 1, will apply only to luxury goods and services. Prabowo said the decision should end speculation over which items and services would be affected by the VAT increase. …

Indonesia’s president says VAT hike to apply only on luxury goods Read More »

South Korea’s consumer inflation quickens in Dec amid faltering won

31 Dec 2024

By Jihoon Lee SEOUL (Reuters) -South Korea’s consumer inflation quickened in December, exceeding market expectations amid a weak local currency though it was still lower than the central bank’s target. The consumer price index rose 1.9% in December from a year earlier, after a rise of 1.5% in November, Statistics Korea data showed on Tuesday. …

South Korea’s consumer inflation quickens in Dec amid faltering won Read More »

Dollar gains broadly, slips against yen with interest-rate policy in focus

30 Dec 2024

(Reuters) -The dollar rose broadly on Monday, holding near a two-year high, while the Japanese yen edged up from five-month lows against the greenback as traders continued to digest the likelihood that the Federal Reserve will make fewer rate cuts next year. The U.S. currency has rallied in recent weeks on expectations for a less …

Dollar gains broadly, slips against yen with interest-rate policy in focus Read More »

Pakistan’s economy grows 0.92% in Q1 of ongoing fiscal year

30 Dec 2024

KARACHI (Reuters) – Pakistan’s economy grew by 0.92% in the first quarter of the fiscal year 2024-25, despite a contraction in the industrial sector, according to data approved by the National Accounts Committee, and released by its Statistics Bureau on Monday. The South Asian country is navigating a challenging economic recovery path and has been …

Pakistan’s economy grows 0.92% in Q1 of ongoing fiscal year Read More »

Turkey’s fuel, tobacco tax moves will not harm inflation goal, Simsek says

30 Dec 2024

ISTANBUL (Reuters) – Turkey’s tax hikes for fuel and tobacco next year will be set in a way that will not endanger the country’s 2025 inflation plans, Treasury and Finance Minister Mehmet Simsek said. Turkish annual inflation stood at 47.1% in November, higher than expected but at its lowest level since mid-2023. A Reuters poll …

Turkey’s fuel, tobacco tax moves will not harm inflation goal, Simsek says Read More »

China’s Dec manufacturing activity seen expanding for third month – Reuters poll

30 Dec 2024

BEIJING (Reuters) – China’s factory activity likely expanded for a third straight month in December, offering a glimmer of optimism to officials trying to steady the world’s No. 2 economy as they brace for further U.S. trade tariffs under a second Trump administration. A Reuters poll of 28 economists forecast the official purchasing managers’ index …

China’s Dec manufacturing activity seen expanding for third month – Reuters poll Read More »

Close Bitnami banner
Bitnami