BRASILIA (Reuters) -Brazil’s inflation has shown more downside surprises than analysts had expected, but remains above target and is being driven by strong demand, requiring contractionary monetary policy for a “very long” period, a central bank official said on Thursday. Economic policy director Diogo Guillen said in a presentation delivered during a closed-door meeting and …
By Ezgi Erkoyun and Can Sezer ISTANBUL (Reuters) -Turkey’s central bank is aiming to cut inflation to 16% by the end of next year and 9% by end-2027, it said on Thursday, separating the targets from its inflation forecast ranges in a new strategy aimed at boosting transparency and confidence. Presenting the central bank’s quarterly …
Turkish central bank sets targets to cut inflation Read More »
NEW DELHI (Reuters) -India’s wholesale prices in July fell 0.58% year-on-year, from a 0.13% decline in the previous month, dragged down by a drop in food prices, government data showed on Thursday. Economists polled by Reuters had projected the wholesale price index to fall 0.3% year-on-year in July. KEY NUMBERS * Wholesale food prices in …
(Reuters) -India and China are discussing resuming border trade of domestic goods after more than five years, Bloomberg News said on Thursday, citing officials in New Delhi familiar with the matter. (Reporting by Harshita Meenaktshi in Bengaluru; Editing by Clarence Fernandez)
By Kevin Yao and Ethan Wang BEIJING (Reuters) -China’s new yuan loans contracted in July for the first time in 20 years as the economy struggled, falling well short of analysts’ forecasts, but improvements in broader credit growth suggest the central bank is in no rush to ease policy. While new loans typically fall in …
China July bank loans unexpectedly contract for first time in 20 years Read More »
(Reuters) -New Zealand home prices rose in July but the housing market remains mixed across the country, the Real Estate Institute of New Zealand (REINZ) said on Thursday. Seasonally adjusted median house prices nudged 1.1% higher from June, and were 1.7% higher on the previous year, REINZ data showed. Seasonally adjusted national home sales fell …
New Zealand house prices move higher in July, market mixed Read More »
By Junko Fujita and Rocky Swift TOKYO (Reuters) -Japan’s Nikkei share gauge powered to an all-time high on Tuesday, driven by sharp gains for tech companies and renewed optimism over trade with the United States. With financial markets reopening after a holiday in Japan on Monday, the stock benchmark caught up with peaks scaled earlier …
Japan’s Nikkei races to record high, SoftBank leads tech surge Read More »
By Johann M Cherian and Sanchayaita Roy (Reuters) – The benchmark S&P 500 and the Nasdaq hovered near record highs on Wednesday as investors were increasingly confident that the Federal Reserve could restart its monetary policy easing cycle next month. Signs that U.S. tariffs on imports have not fully filtered into headline consumer prices came …
S&P 500, Nasdaq hover near record highs on September rate cut hopes Read More »
By Asif Shahzad ISLAMABAD (Reuters) -Moody’s said on Wednesday it had raised Pakistan’s credit rating by one notch to ‘Caa1’ from ‘Caa2’ due to an improving external financial position and it assigned the country a “stable” outlook. The announcement came within hours of Pakistan’s Finance Minister Mohammed Aurangzeb saying there was more room for the …
Moody’s upgrades Pakistan’s credit rating to ‘Caa1’, finance minister hopes for rate cut Read More »
JOHANNESBURG (Reuters) -South African business confidence rose in July, helped by higher new vehicle sales, rising manufacturing output, strong precious metals prices and well-contained inflation, data showed on Wednesday. The South African Chamber of Commerce and Industry’s Business Confidence Index rose to 116.7 in July, up from 113.2 in June. The business chamber releases the …
South African business confidence edges up in July ahead of Trump’s 30% tariff Read More »
