BERLIN (Reuters) – German services sector activity grew in March at the fastest pace since last May as demand strengthened and spurred job creation, a business survey showed on Wednesday. S&P Global’s final services Purchasing Managers’ Index (PMI) for Germany rose to 53.7 in March from 50.9 in February, climbing well above the 50.0 threshold …
German services sector activity picks up in March -PMI Read More »
BERLIN (Reuters) -German industrial orders rose more than expected in February driven by strong growth in the vehicle construction sector. Orders increased by 4.8% on the previous month on a seasonally and calendar-adjusted basis, the federal statistics office said on Wednesday. A Reuters poll of analysts had pointed to a 0.3% increase. New orders in …
German industrial orders rise more than expected in February Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were little changed in choppy trading on Tuesday as investors weighed OPEC+ planned production cuts against weak U.S. and Chinese economic data that could suggest cooling oil demand. Brent crude futures settled 1 cent higher at $84.94 a barrel, while U.S. West Texas Intermediate (WTI) crude futures closed …
Oil steady as markets weigh OPEC+ surprise cuts amid demand woes Read More »
By Noel Randewich and Ankika Biswas (Reuters) – Wall Street closed lower on Tuesday after evidence of a cooling economy exacerbated worries that the Federal Reserve’s campaign to rein in decades-high inflation may cause a deep downturn. All three major indexes fell as data showed U.S. job openings in February dropped to the lowest level …
Wall Street ends down as weak economic data fuels recession fears Read More »
By Tatiana Bautzer NEW YORK (Reuters) -The U.S. banking crisis is ongoing and its impact will be felt for years, JPMorgan Chase & Co CEO Jamie Dimon wrote in a letter to shareholders on Tuesday. “The current crisis is not yet over, and even when it is behind us, there will be repercussions from it …
JPMorgan’s Dimon says US banking turmoil not over, sees long repercussions Read More »
By Olena Harmash KYIV (Reuters) – Ukraine hopes to receive two more tranches worth $1.8 billion from the International Monetary Fund this year under its newly-approved four-year lending program, top Ukrainian central bank officials said on Tuesday. Ukraine this week received the first $2.7 billion tranche under the program, which is a part of a …
Ukraine hopes to get $1.8 billion from IMF in two more tranches in 2023 Read More »
By Stella Qiu SYDNEY (Reuters) – Australia’s central bank on Tuesday left its cash rate unchanged at 3.6% to break a run of 10 straight hikes, saying it wanted additional time to assess the impact of past increases as the economy slows and inflation has peaked. Wrapping up its April policy meeting, the Reserve Bank …
Australia pauses rate hikes to assess tightening impact, Q1 inflation in focus Read More »
By Mark John (Reuters) – In separate speeches last year, the leaders of France and Germany warned their citizens of hard times ahead as the global economy encountered challenges ranging from trade conflicts through to all-out war. French President Emmanuel Macron declared the “age of abundance” over; for Germany’s Olaf Scholz, three decades of unfettered …
Analysis-Grievances mount in Europe with future wealth in doubt Read More »
BERLIN (Reuters) -German exports rose significantly more than expected in February due to strong demand from the United States and China, posting their biggest increase in 10 months, data showed on Tuesday. Exports increased by 4.0% on the previous month, the federal statistics office said. A Reuters poll had predicted a month-on-month rise in exports …
German exports rise significantly more than expected in February Read More »
By Noel Randewich and Ankika Biswas (Reuters) – The S&P 500 ended higher on Monday, lifted by energy stocks following surprise cuts to the OPEC+ group’s oil output targets, while Tesla tumbled after its electric vehicle deliveries for the first quarter disappointed investors. Tesla Inc dropped 6.1% after disclosing March-quarter deliveries rose just 4% from …
S&P 500 ends higher as oil stocks rally; Tesla tumbles Read More »
