Reuters US Economy

By Patturaja Murugaboopathy and Chuck Mikolajczak (Reuters) – U.S. dividend funds have faced steep outflows this year after strong inflows last year as investors rush to safer money market funds and bank deposits, providing high returns without much risk. Interest rates on short-tenor bonds have risen this year on expectations that the U.S. Federal Reserve …

US dividend funds see biggest quarterly outflows in 2-1/2 years Read More »

By Lindsay Dunsmuir (Reuters) -The Federal Reserve should stick to raising interest rates to lower inflation while the labor market remains strong, given the high probability recent financial stresses will continue to abate and absent a marked tightening of credit conditions, St. Louis Fed President James Bullard said on Thursday. “We’ve got a long ways …

Fed should stick to raising rates while labor market strong, Bullard says Read More »

BERLIN (Reuters) -German industrial production rose significantly more than expected in February due in part to vehicle manufacturing, increasing 2.0% on the previous month, the federal statistical office said on Thursday. In a Reuters poll, analysts had pointed to a slight increase of 0.1%. The statistics office also revised the figure for January to a …

German industrial output rises more than expected in February Read More »

By Clare Jim HONG KONG (Reuters) – Large delegations of Chinese city and business officials have made hundreds of trips to Asia and Europe since December, seeking to drum up foreign investment as local governments scramble to hit growth and employment targets. District officials have joined their supervisors at city and provincial levels, along with …

Chinese officials step up foreign travel in race to find investors Read More »

By Mike Dolan LONDON (Reuters) -As “fragmentation” of politics and economics becomes the new buzzword for a world that appears to be splintering into blocs, the related costs of the new order are only now being totted up. The bank stresses of March have tended to obscure a further souring of big power relations this …

‘Fragmentation’ the buzzword – and what it costs: Mike Dolan Read More »

MEXICO CITY (Reuters) – Leaders of 11 Latin American and Caribbean countries agreed to work to outline measures seeking to tame inflation in the region, including better conditions for trade, according to a statement published by Mexico’s presidential office Wednesday. Agreements reached include the creation of a working group of government representatives aimed at identifying …

Latam, Caribbean leaders meet to draft roadmap to tame inflation Read More »

By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK (Reuters) – The International Monetary Fund (IMF) has given Argentina something of break by easing economic targets in its $44 billion loan deal, but some rosier-than-reality program forecasts may be setting the South American country up for more failure. The IMF this week cut the level …

Analysis-IMF’s lower bar for Argentina already looks too high Read More »

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. services sector slowed more than expected in March as demand cooled, while a measure of prices paid by services businesses fell to the lowest in nearly three years, giving the Federal Reserve a boost in the fight against inflation. There are also growing signs that the labor …

US services sector growth slows; price pressures abating Read More »

BERLIN (Reuters) – German exports started the year as a drag on the economy but a recovery is expected thanks to easing supply chain constraints and high industrial orders, German economic institutes said on Wednesday. Five economic institutes are forecasting that exports fell 0.7% in the first quarter of the year, but that should be …

German exports expected to grow despite challenging start Read More »

LONDON (Reuters) – The euro zone recovery picked up pace last month but the upturn was uneven across industries and countries, according to a survey which showed price pressures remained elevated in the region. S&P Global’s Composite Purchasing Managers’ Index (PMI), seen as a good gauge of overall economic health, climbed to a 10-month high …

Euro zone recovery gathered pace in March on demand for services -PMI Read More »