By Kevin Yao BEIJING (Reuters) – China is becoming increasingly ambitious with its 2023 growth target, aiming potentially as high as 6%, in a bid to boost investor and consumer confidence and build on a promising post-pandemic recovery, sources involved in policy discussions said. Four of the sources said China was likely to aim for …
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Asian markets had thought to bask in the glow from Wednesday’s radiant PMI data from China, and the region in general. Taiwan, Thailand and Vietnam all enjoyed a pick-up in activity, while JPMorgan’s global manufacturing PMI rose nearly 2 …
Marketmind: EU inflation risks loom large for markets Read More »
BEIJING (Reuters) – China’s job market was better than expected in January and February, and the country’s employment will continue to pick up this year, Wang Xiaoping, the human resources minister, said on Thursday. The world’s second-biggest economy is warming up after the lifting of COVID-19 restrictions late last year, with both manufacturing and services …
China’s job market better than expected in Jan-Feb: minister Read More »
JAKARTA (Reuters) – Bank Indonesia Governor Perry Warjiyo said on Thursday the Federal Reserve may continue raising U.S. interest rates until June, but while the monetary tightening would strengthen the dollar his central bank’s stance remains unchanged. In a pre-recorded video at a media launch, Warjiyo reiterated that Indonesia’s rate hikes, totalling 225 basis points …
Indonesia central bank: U.S. rates may rise further; stance on local rates stays Read More »
By Leika Kihara TOKYO (Reuters) – Former Bank of Japan (BOJ) Governor Masaaki Shirakawa called on policymakers to reconsider central banks’ monetary framework based on inflation targets, given their limits that became apparent from the recent spike in prices seen in many countries. Before the recent spike in inflation, many central banks in advanced economies …
Ex-BOJ gov Shirakawa urges re-examination of monetary framework, inflation targets Read More »
BANGKOK (Reuters) – Thailand’s unemployment rate in the fourth quarter of 2022 dropped to 1.15% from 1.23% in the previous quarter, the state planning agency said on Thursday, as the vital tourism sector rebounds. Employment increased 1.5% in October-December from a year earlier, but slowing from a 2.1% rise in the September quarter, as jobs …
By Andrea Shalal WASHINGTON (Reuters) – The United States will consider “all options,” including a formal trade dispute panel, unless Mexico addresses Washington’s concerns over Mexico’s plan to limit imports of genetically modified corn, a senior U.S. trade official said on Wednesday. The United States has threatened a trade dispute panel under a trilateral agreement …
BRASILIA (Reuters) -Brazil’s trade surplus for February fell a larger-than-expected 35% from the same month last year as exports, especially of oil, declined, government data released on Wednesday showed. The trade surplus of $2.8 billion was lower than the $3.1 billion estimated by economists in a Reuters poll. The Ministry of Development, Industry, Trade and …
Brazil posts lower than expected trade balance in February amid lower exports Read More »
MEXICO CITY (Reuters) – The Bank of Mexico said on Wednesday that inflation is taking longer than initially anticipated to return to its target, in large part due to the persistence of core inflation. Banxico, as Mexico’s central bank is known, forecast that annual headline inflation would hit 4.9% in the fourth quarter 2023, up …
Bank of Mexico says inflation taking longer than expected to descend Read More »
By Michael S. Derby NEW YORK (Reuters) – The current stance of U.S. monetary policy is now more aggressive than a slate of rules suggests is needed, according to a report released by the Cleveland Federal Reserve on Wednesday. Based on the median of seven of these policy rules, the U.S. central bank’s benchmark overnight …
Monetary rules suggest Fed’s policy rate could be lower, report says Read More »
