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Italian firms less gloomy on outlook as inflation eases -central bank survey
MILAN (Reuters) – The opinion of Italian businesses on the prospects for the economy improved in the fourth quarter of 2023 compared with the previous three months, the Bank of Italy said…
Heavy rain eases in Australia’s east, flood threats remain
SYDNEY (Reuters) – Heavy rains eased across Australia’s east on Monday, a slight relief for flood-weary residents but authorities warned another intense weather system could hit several inland regions bringing more downpours…
European shares log best day since mid-March as interest rate angst eases
By Devik Jain and Amruta Khandekar (Reuters) -European shares rose sharply on Tuesday, in line with global peers, boosted by growing hopes that central banks may ease the pace of future interest…
Argentina’s economic crisis draws protests even as poverty rate eases
BUENOS AIRES (Reuters) – Argentina’s deep economic slump drew thousands to the streets on Wednesday, as protesters demanded action to counter sky-high inflation and help the country’s poor, even as data showed…
Cathay Pacific to increase flight frequencies after Hong Kong eases quarantine restrictions
HONG KONG (Reuters) – Cathay Pacific Airways Ltd on Friday said it plans to add more than 200 pairs of passenger flights in October to both regional and long-haul destinations. The announcement…
Hong Kong’s June-August unemployment eases to 4.1%, outlook improving
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 4.1% in the June-August quarter, improving for the fourth consecutive period as economic activities revived in an easing COVID situation…
Taiwan August export orders likely contract as demand eases – Reuters poll
TAIPEI (Reuters) – Taiwan’s export orders likely contracted for a second straight month in August, and at a similar pace from the previous month as global demand cools, a Reuters poll showed…
Fed’s Barkin warns rates must stay high until inflation eases- FT
(Reuters) – The U.S. Federal Reserve must lift interest rates to a level that restrains economic activity and keep them there until policymakers are “convinced” that inflation is subsiding, Richmond Fed President…
India’s August trade deficit eases from record levels
MUMBAI (Reuters) – India reported on Friday that its trade deficit narrowed slightly to $28.7 billion in August from a record high of $30 billion in the previous month. Here are the…
China August service sector growth eases amid COVID woes: Caixin PMI
BEIJING (Reuters) – A strong rebound in China’s services sector eased slightly in August amid fresh COVID-19 flare-ups but business confidence rose to a nine-month high in a rare bit of good…
Indonesia inflation eases in Aug, but pressure seen from fuel price hike
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s inflation rate eased more than expected in August, official data showed on Thursday, but economists said the rate is set to accelerate…
Union Pacific says third-quarter volumes up as staffing improves, congestion eases
(Reuters) – U.S. railroad operator Union Pacific Corp’s Chief Financial Officer Jennifer Hamann said on Tuesday the company’s third-quarter volumes were up 2% so far from a year earlier, on improved staffing…
Canada’s inflation rate eases to 7.6% in July on gasoline
OTTAWA – Canada’s annual inflation rate slowed to 7.6% in July, a two-month low but still far above the Bank of Canada’s 2% target, as gasoline prices eased, Statistics Canada data showed…
India’s July WPI inflation eases to 13.93% y/y
NEW DELHI -India’s wholesale inflation rose 13.93% in July from a year earlier, helped by a lower increase in food prices, but it stayed in double digits for a 16th month, amid…
Global supply stress eases in July to 1-1/2 year low, NY Fed’s index shows
(Reuters) – Stress on global supply chains improved in July to their lowest level since January 2021 as port congestion and other snags eased, the New York Federal Reserve reported on Thursday,…
EU wheat eases with Chicago as Ukraine, exports assessed
PARIS – Euronext wheat prices fell on Wednesday in step with Chicago futures as progress in resuming maritime grain exports from war-torn Ukraine offset support from brisk international demand, traders said. December…
Bears raise bets on Thai baht, dim view on other Asian FX eases – Reuters poll
By Sameer Manekar (Reuters) – Bearish bets on the Thai baht extended on risks around recession, the Chinese economy, and inflation, while short bets on most Asian currencies eased slightly but remained…
N.Korea’s economy shrinks for two straight years but pace of slowdown eases -S.Korea central bank
By Soo-hyang Choi SEOUL – North Korea’s economy shrank in 2021 for a second straight year after suffering its biggest contraction in more than two decades the previous year amid U.N. sanctions…
Russia’s central bank eases more currency controls
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW – Russia’s central bank will allow banks from designated “unfriendly countries” to trade between…
Turkey’s banking watchdog eases regulations on lira loans to FX-rich firms
ISTANBUL – Turkey’s BDDK banking watchdog on Thursday eased some of the regulations that restricted FX-rich companies from obtaining Turkish lira loans. A decision published on the BDDK’s website showed that it…
Japan’s June factory activity growth eases on China curbs – flash PMI
TOKYO – Japan’s factory activity growth slowed in June as China’s strict COVID-19 curbs took a toll on manufacturing demand, even as service sector sentiment hit a nearly nine-year high on the…
Argentina’s sky-high inflation eases slightly to 5.1% in May
By Hernan Nessi and Jorge Iorio BUENOS AIRES – Argentina’s monthly inflation clocked in at 5.1% in May, still painfully high but below expectations and slower than the two previous months as…
Russian rouble eases towards 62 vs dollar, stocks extend fall
(Reuters) – The Russian rouble weakened towards 62 against the dollar on Monday, steered by internal market flows and capital controls, while stock indexes extended losses after the latest Western sanctions. At…
Japan considers resuming tourism discount as COVID eases -Nikkei
TOKYO – Japan’s government is considering resuming a national travel discount campaign as soon as late this month to help the tourism industry recover from a COVID-19 slump, the Nikkei newspaper said…
Rouble dips against dollar after Russia eases capital controls
(Reuters) – The Russian rouble weakened against the dollar on Wednesday but steadied not far from a five-year high against the euro, after losing the support of some capital controls and as…
Rouble reverses rally as Russia eases capital controls
(Reuters) – The Russian rouble weakened on Tuesday, stepping away from near five-year highs against the euro, after the central bank eased some capital controls that were the main driver of its…
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