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TOKYO (Reuters) – The ratio of Japanese households expecting prices to rise a year from now stood at 85.0% in December, down from 85.7% in September, a quarterly survey by the Bank of Japan (BOJ) showed on Wednesday. The ratio of households expecting prices to rise five years from now stood at 76.7%, down from …

Most Japan households expect prices to rise in year ahead – BOJ survey Read More »

MUMBAI (Reuters) – India’s economic growth will slow to 6.6% in the next fiscal year from an expected 6.9% in the current year, the World Bank said in its latest economic update. “The slowdown in the global economy and rising uncertainty will weigh on export and investment growth,” the World Bank said. Increased infrastructure spending …

World Bank sees India growth slowing to 6.6% in FY24 Read More »

LISBON (Reuters) – European Central Bank’s governing council member Mario Centeno said on Tuesday the current process of interest rate increases is approaching its end. The central banker, who was answering Portuguese legislators during a committee hearing in Lisbon, added even though inflation may have some resistance in January and February it will resume falling …

ECB’s Centeno: we are approaching the end of the interest rate rise process Read More »

By Olena Harmash KYIV (Reuters) -Consumer price inflation in Ukraine rose to 26.6% in 2022 as the economy felt the impact of Russia’s invasion, but was lower than initially expected. The government had said CPI could soar from 10% in 2021 to about 30% because of the war, which has disrupted supply chains and logistics, …

Ukraine’s 2022 inflation hits 26.6%, but lower than forecast Read More »

WASHINGTON (Reuters) – World Bank President David Malpass said on Tuesday that the lender is not considering giving up its top-tier credit rating as a means to expand lending as it revamps its business model to address climate change and other global crises. “The triple-A rating is very important to the financial stability of the …

World Bank won’t abandon top credit rating to boost climate lending -Malpass Read More »

WASHINGTON (Reuters) -U.S. wholesale inventories increased strongly in November, lifting the inventories-to-sales ratio to the highest level in nearly 2-1/2 years, as higher borrowing costs depressed sales. The Commerce Department said on Tuesday that wholesale inventories rose 1.0% as previously reported last month. Stocks at wholesalers increased 0.6% in October. Economists polled by Reuters had …

U.S. wholesale inventories rise strongly in November as demand falters Read More »

CAIRO (Reuters) – Egyptian annual urban consumer inflation in December rose to 21.3% from 18.7% in November, exceeding analyst expectations, data from the statistics agency CAPMAS showed on Tuesday. The inflation figure was the highest since December 2017, when it hit 21.9%. The price rises followed a currency devaluation in October and restrictions on imports. …

Egypt’s December inflation accelerates to annual 21.3% Read More »

BEIJING (Reuters) – China created 12.06 million new urban jobs in 2022, achieving the government’s annual target despite the COVID hit to economic growth, state media Xinhua reported late Monday, citing the minister of human resources. That compared with the 12.69 million urban jobs created in 2021, 11.86 million in 2020 and 13.52 million in …

China creates 12.06 million new urban jobs in 2022 – state media Read More »

By Susan Mathew and Shreyashi Sanyal (Reuters) -Brazil’s currency fell on Monday but was off its session low after supporters of former President Jair Bolsonaro stormed the capital, while Chile’s peso hit seven-month highs, driven by a leap in copper prices. Supporters of the far-right Bolsonaro invaded and defaced the country’s Congress, presidential palace and …

Brazil currency trims losses after initial shock from capital riots Read More »