Reuters US Economy

By Alexander Marrow MOSCOW (Reuters) – Russia’s economy proved unexpectedly resilient in the face of tough Western sanctions last year, but a return to pre-conflict levels of prosperity may be far off as more government spending is directed towards the military. Even internal forecasts made soon after Moscow sent troops into Ukraine a year ago …

Analysis-Russian economy holding up but the road back to prosperity may be long Read More »

A look at the day ahead in European and global markets from Wayne Cole. After a rather flat Wall St finish, Asian stocks have done better so far on Thursday thanks in part to an earnings beat from chip designer Nvidia Corp. Its stock surged almost 9% after the bell and helped lift Nasdaq futures …

Marketmind: A new R* Read More »

By Choonsik Yoo and Jihoon Lee SEOUL (Reuters) -South Korea’s central bank held interest rates steady on Thursday and said the monetary tightening campaign it began 18 months ago would not resume if inflation followed an expected path towards moderation. It was time to stop and watch until the uncertainties were resolved, Bank of Korea …

S.Korean central bank holds rates steady, may not resume tightening Read More »

WELLINGTON (Reuters) – A cyclone that hit New Zealand earlier this month was leading to greater uncertainty around GDP projections, the Reserve Bank of New Zealand’s chief economist Paul Conway said on Thursday. New Zealand warned on Monday the final cost of the devastating Cyclone Gabrielle, which has left at least 11 people dead, could …

RBNZ’s Conway: more uncertainty around GDP projections due to cyclone Read More »

(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate on Wednesday largely stuck to the view the central bank will keep raising rates a quarter of a point at its next three meetings. The U.S. central bank released minutes of its most recent meeting, Jan. 31 – Feb. 1, showing most policymakers …

Fed funds futures contracts price in further quarter-point hikes Read More »

By Marc Jones LONDON (Reuters) – The post-pandemic rebound in world growth and inflation last year meant the amount of debt sloshing around the global economy saw its first annual fall in dollar terms since 2015, a widely tracked study has shown. The Institute of International Finance report published on Wednesday estimated that the nominal …

Global debt sees first annual drop since 2015 – IIF Read More »

By Clare Jim and Donny Kwok HONG KONG (Reuters) -Hong Kong is set for back-to-back deficits but will give cash handouts and ease stamp duties for first time property buyers, to support an economy buffeted by prolonged COVID-19 restrictions, the city announced in its budget on Wednesday. The global financial hub recorded a deficit of …

Hong Kong hands out cash, cuts duties despite larger deficit Read More »

By Junko Fujita TOKYO (Reuters) -Japan’s 10-year government bond yield on Wednesday breached the top end of the Bank of Japan’s policy band for a second straight session, prompting the central bank to step into the market with emergency bond buying and offering of loans. Investors have renewed their attack on the BOJ’s ultra-loose interest …

Japan govt bond breaches yield cap, BOJ steps in with buying, loans Read More »

By Leika Kihara and Takahiko Wada TOKYO/MAEBASHI, Japan (Reuters) -Bank of Japan (BOJ) board member Naoki Tamura on Wednesday warned of the risk of an overshoot in inflation and said the timing of an end to ultra-loose monetary policy will depend on economic, price and wage developments ahead. He also said the central bank will …

BOJ’s Tamura warns of inflation overshoot, wage key to exit timing Read More »