Reuters US Economy

Most Gulf shares rise on Fed rate cut hopes; mixed earnings cap gains

13 Aug 2025

By Md Manzer Hussain (Reuters) -Most Gulf equities rose on Wednesday, tracking a global stock market rally after a softer U.S. inflation data raised hopes of a Federal Reserve rate cut in September, while mixed earnings reports in the region weighed on sentiment. U.S. consumer prices increased marginally in July, up 0.2% month-on-month. The in-line …

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Spain’s final 12-month EU-harmonised inflation at 2.7% in July

13 Aug 2025

(Reuters) -Spain’s European Union-harmonised 12-month inflation rate rose to 2.7% in July, up from 2.3% in the period through June, final data released by the National Statistics Institute (INE) showed on Wednesday. The INE’s final data was in line with the 2.7% forecast in both the flash reading released two weeks ago and the average …

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Australia and Vanuatu agree $325 million security and economic pact amid China competition

13 Aug 2025

By Alasdair Pal SYDNEY (Reuters) -Australia and Vanuatu on Wednesday agreed a A$500 million ($326.50 million) deal to strengthen economic and security ties between the two countries, amid increasing competition from China, the Pacific island nation’s largest external creditor. Vanuatu Prime Minister Jotham Napat said the deal, known as the Nakamal Agreement, will see Australia …

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Australia’s wage growth steadies in Q2, supported by public sector

13 Aug 2025

By Stella Qiu SYDNEY (Reuters) -Australia’s annual wage growth steadied in the June quarter after more than a year of declines, led in large part by gains in the public sector, implying a solid rise in real earnings that should support consumer spending. Figures from the Australian Bureau of Statistics on Wednesday showed its wage …

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Australia aims to increase property investments by superannuation industry

13 Aug 2025

(Reuters) -Australia’s corporate regulator said on Wednesday it was looking to streamline disclosure requirements for domestic pension funds, for the nation’s A$4 trillion ($2.61 trillion) superannuation industry to increase its property investments. The Australian Securities and Investments Commission (ASIC) flagged that concerns had been raised that various disclosure requirements under a certain regulatory guide discourage …

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Japan’s wholesale inflation slows for 4th month in July

13 Aug 2025

By Leika Kihara TOKYO (Reuters) -Japan’s annual wholesale inflation slowed for the fourth straight month in July, data showed on Wednesday, underscoring the central bank’s view that upward price pressure from raw material costs will dissipate. But the wholesale prices of food and agriculture goods continued to rise in a sign of broadening price pressure …

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Suriname could receive another $500 million from IDB in next year, Goldfajn says

13 Aug 2025

PARAMARIBO (Reuters) -The Inter-American Development Bank (IDB) could approve another $500 million, on top of the $500 million already signed off on, for Suriname within the next year, the lender’s head said on Tuesday. IDB President Ilan Goldfajn, speaking from the South American nation, said that the additional credit would be pending authorities’ approval. (Reporting …

Suriname could receive another $500 million from IDB in next year, Goldfajn says Read More »

Japan manufacturers’ sentiment rises in August after US trade deal, but tariffs cloud outlook: Reuters poll

13 Aug 2025

By Makiko Yamazaki TOKYO (Reuters) -Japanese manufacturers grew more confident about business conditions in August after a trade agreement between Tokyo and Washington, but remained cautious about the outlook due to potential U.S. tariff impacts, a Reuters Tankan poll showed. The monthly poll, which tracks the Bank of Japan’s quarterly tankan business survey, showed the …

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TSX rises to record high as US inflation data supports Fed rate-cut bets

12 Aug 2025

By Nikhil Sharma and Fergal Smith (Reuters) -Canada’s main stock index posted on Tuesday a new record high, with financial shares participating in broad-based gains as U.S. inflation data reinforced expectations that the Federal Reserve would cut interest rates in September. The S&P/TSX composite index ended up 146.03 points, or 0.5%, at 27,921.26, edging past …

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