By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel said on Tuesday it bought $4 billion of foreign currency in November, its highest monthly amount since May, in a bid to contain a surging shekel. Over the first 11 months of 2021, the central bank bought some $34 billion of foreign exchange. In November …
Bank of Israel bought $4 billion of FX in Nov, hits $34 billion in 2021 Read More »
TOKYO (Reuters) -Japan will provide aid worth more than $2.8 billion in next three years aimed at combatting malnutrition exacerbated by the coronavirus pandemic, Prime Minister Fumio Kishida told an online summit on nutrition for growth on Tuesday. The event, hosted by Japan and participated in by more than 80 countries and agencies, comes when …
Japan to provide $2.8 billion worth of aid for better nutrition -PM Kishida Read More »
By Terje Solsvik OSLO (Reuters) – Capacity constraints in the Norwegian economy increasingly hamper business growth, pushing up private-sector wages, a quarterly central bank survey of companies showed on Tuesday. While the survey itself could provide ammunition for a hike in interest rates as soon as next week, as long planned by Norges Bank, a …
Bottlenecks add to wage pressure in Norway, central bank survey finds Read More »
BRUSSELS (Reuters) – Household consumption was the main driver of euro zone economic growth in the third quarter, the European Union’s statistics office data showed on Tuesday, with a further positive contribution from trade. Eurostat confirmed the euro zone economy expanded 2.2% quarter-on-quarter in the July-September period for a 3.9% year-on-year rise as the economy …
Household consumption drives euro zone Q3 GDP growth Read More »
BERLIN (Reuters) -German investor sentiment deteriorated in December as a fourth wave of COVID-19 infections and persistent supply bottlenecks in manufacturing clouded the growth outlook for Europe’s largest economy, a survey showed on Tuesday. The ZEW economic research institute said its economic sentiment index fell to 29.9 from 31.7 points in November. A Reuters poll …
COVID curbs, supply problems darken German investor morale Read More »
By Wayne Cole SYDNEY (Reuters) -Australia’s central bank left interest rates at a super-loose 0.1% on Tuesday and stuck with its bond buying plans, resisting pressure to follow its U.S. counterpart in signaling an earlier winding down of stimulus. Wrapping up the last policy meeting of the year, the Reserve Bank of Australia’s (RBA) Board …
Australia’s central bank sticks with policy patience, no rush to taper Read More »
DUBAI (Reuters) – The United Arab Emirates’ non-oil private sector notched its 12th consecutive month of growth in November, slightly outpacing the prior month, when it expanded at its fastest rate in more than two years, a survey showed on Tuesday. The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), inched up to 55.9 …
UAE non-oil private economy continues solid growth in November – PMI Read More »
TOKYO (Reuters) – Japan will review the timeframe early next year for its target of balancing the budget, Prime Minister Fumio Kishida said on Tuesday, brushing aside prospects that it could ditch the goal to further boost spending. The government unveiled a record $490 billion spending package last month to support a fragile economy, bucking …
Japan to review budget balance timing early next year -PM Kishida Read More »
BEIJING (Reuters) – China’s soybean imports rose sharply in November from the previous month, as more shipments from the United States arrived during the peak North American export season, customs data showed on Tuesday. The world’s top buyer of soybeans brought in 8.57 million tonnes in November, up 68% from October’s figure of 5.11 million, …
China’s Nov. soybean imports up on month, boosted by U.S. cargoes Read More »
By Praveen Menon WELLINGTON (Reuters) – A stronger New Zealand dollar will help the central bank achieve its policy objectives, including managing rising inflationary pressures, more quickly, Reserve Bank of New Zealand (RBNZ) Assistant Governor Christian Hawkesby said on Tuesday. Large amounts of stimulus and a small COVID-19 case load has helped New Zealand’s economy …
RBNZ’s Hawkesby says firmer currency will help central bank’s objectives Read More »
