Reuters US Economy

ROME, May 10 (Reuters) – Italian industrial output was weaker than expected in March, falling 0.6% from February to register a third consecutive month of contraction, data showed on Wednesday. A Reuters survey of 20 analysts had pointed to a 0.3% monthly rise. On a work-day adjusted year-on-year basis, national statistics bureau ISTAT said output …

Italy industry output falls unexpectedly in March Read More »

BANGKOK (Reuters) – Thailand’s food exports are expected to rise by 2.1% to a record of 1.5 trillion baht ($44.31 billion) this year, helped by a recovery in global demand and China’s reopening, a leading industry group said on Wednesday. The country’ food shipments, which account for 14.6% of the total, increased 10% year-on-year to …

Thai food exports seen at record high this year – industry group Read More »

By Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Investors are getting more bang for their buck this year by buying European companies with a focus on China than buying Chinese companies themselves, a sign of the unevenness of China’s pandemic recovery and geopolitical concerns. Late last year, China dismantled its strict zero-COVID policy, helping …

Analysis-Investors’ route to post-COVID China is via Europe Read More »

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – China will be the elephant in the room at this week’s meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country — but also try to get Beijing’s cooperation in solving global debt problems. The conflicting goals …

China and US debt woes may dominate G7 finance chiefs’ talks Read More »

By Chiara Elisei LONDON Reuters) – UBS could have to lure investors with significantly higher yields when it next sells Additional Tier 1 bonds, paying what analysts say could be a punitive price for a Swiss decision to wipe out Credit Suisse AT1s under their shotgun merger. To sell new AT1s, UBS would have to …

UBS’s future AT1 bond sales could come at a big cost Read More »

ATHENS (Reuters) – The ECB’s monetary tightening cycle will end this year if there are no dramatic changes, Greek central bank chief Yannis Stournaras told a news website in an interview published on Wednesday. Stournaras, considered a dove on the ECB’s 26-member Governing Council, told imerisia.gr that “as things stand at the moment, and if …

Greece’s Stournaras sees ECB rate hikes ending this year Read More »