US service sector expands moderately in March; price pressures easing
WASHINGTON (Reuters) – U.S. services industry growth slowed further in March, while a measure of prices paid by businesses for inputs dropped to a four-year low, which bodes well for the inflation…
Cintas beats quarterly estimates on price hikes, easing cost
(Reuters) – Cintas Corp beat quarterly profit and revenue expectations on Thursday, helped by demand for its pricier rental uniforms across segments and easing input costs pressures. Shares of the company rose…
NZ central bank hits pause at 5.5%, economists see easing in 2024
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank held the cash rate steady at 5.5% on Wednesday, hitting pause as expected and flagging rates would be on hold for some…
Hong Kong’s easing of mortgage rules boosts home visitors, but not deals
By Clare Jim HONG KONG (Reuters) – Hong Kong’s move to raise the maximum mortgages available to some homebuyers, its first relaxation in curbs on home purchases adopted in 2009, boosted shopping…
Global investors extend buying streak into equity funds on signs of easing inflation
(Reuters) – Global investors extended their streak as net buyers of equity funds into a second week, drawing support from indications of cooling inflation that may moderate central banks’ inclination to raise…
France’s Le Maire: Food inflation has started easing in July
PARIS (Reuters) – Food inflation in France has started to ease this month and the trend should accelerate in the coming weeks, Finance Minister Bruno Le Maire said on Wednesday. Le Maire…
Brazil economists foresee deeper monetary easing, lower inflation
BRASILIA/SAO PAULO (Reuters) – Private economists in Brazil anticipate deeper monetary easing this year and improved inflation prospects until 2026 following the government’s decision to maintain the country’s inflation goal at 3%,…
Senate Approves Singer Bill Easing Restrictions for Debt Adjusters
For-profit debt adjusters may soon be eligible to conduct business in New Jersey thanks to legislation sponsored by Sen. Robert Singer and approved today by the New Jersey Senate.…
Brazil’s monetary easing crucial for ‘adequate’ 2024 -Treasury secretary
BRASILIA (Reuters) – Brazil Treasury secretary Rogerio Ceron on Monday said the sooner monetary easing begins, the sooner conditions will be created for an “adequate” 2024, emphasizing that high interest rates have…
Fed see key services inflation elevated with few signs of easing
By Howard Schneider (Reuters) -Inflation in key parts of the U.S. service industry “remains elevated and has not shown signs of easing,” the U.S. Federal Reserve said in its latest monetary policy…
Ross Stores lifts annual profit forecast on strong demand, easing freight costs
By Ananya Mariam Rajesh (Reuters) – Ross Stores on Thursday raised its annual profit forecast after upbeat quarterly results, buoyed by budget-conscious customers increasingly shopping at the off-price retailer and easing freight…
Swedish inflation dips more than expected in April, easing cbank worries
STOCKHOLM (Reuters) – Inflation in Sweden slowed faster than expected in April, data from the statistics office showed on Monday, good news for the central bank that has fretted that price pressure…
Diamondback Energy sees oilfield inflation easing
By Liz Hampton DENVER (Reuters) – U.S. shale producer Diamondback Energy on Tuesday said rig prices are falling and steel costs are set to decline by about $20-$25 per foot, a sign…
Bank of Korea sees rapid pace of inflation easing for awhile
SEOUL (Reuters) – South Korea’s central bank said on Tuesday inflation would keep easing at a rapid pace through the middle of this year, although core inflation would ease at a slower…
ECB’s Villeroy: Food price inflation to start easing in H2
PARIS (Reuters) – Food price inflation will start easing in the second half of this year, French ECB policymaker Francois Villeroy de Galhau said on Tuesday, saying this is when a decrease…
BOJ may conduct long-term review of monetary easing – sources
By Leika Kihara TOKYO (Reuters) – The Bank of Japan may conduct a comprehensive review of the impact of the monetary easing steps it has taken over the longer term, an idea…
Saudi foreign minister visits Assad, further easing Syria’s isolation
DAMASCUS (Reuters) -Syrian President Bashar al-Assad received Saudi Foreign Minister Prince Faisal bin Farhan in Damascus on Tuesday in the most significant step yet towards ending Syria’s decade-long regional isolation, and at…
Nestle sees price pressures easing -chairman tells newspaper
ZURICH (Reuters) – Nestle is seeing an easing of price pressures stemming from raw materials, transport and packaging costs, said Chairman Paul Bulcke, adding that company would still increase prices. “Price pressure…
South Korea’s weak exports, easing prices may keep rates on hold
By Jihoon Lee and Choonsik Yoo SEOUL (Reuters) -South Korean exports tumbled for the first 20 days of March and producer inflation eased last month, data showed on Tuesday, reinforcing expectations the…
India’s inflation seen easing slightly in February, still above RBI target – Reuters poll
By Anant Chandak BENGALURU (Reuters) – Retail inflation in India likely eased a bit last month but stayed above the Reserve Bank of India’s upper threshold for a second straight month, keeping…
CERAWEEK-US plans no wider easing of sanctions on Venezuela, official says
By Marianna Parraga HOUSTON (Reuters) – The U.S. government is not planning a systematic easing of sanctions on Venezuela after an initial round allowed partners of state-run oil firm PDVSA to resume…
China boosts Australian coal imports on hopes for more easing of curbs -traders, data
By Muyu Xu and Chen Aizhu SINGAPORE (Reuters) -Chinese utilities and traders have stepped up purchases of Australian coal in February, encouraged by signs of further policy relaxation after trade partially resumed…
China holds lending benchmarks for 6th month, but more easing seen
By Winni Zhou and Brenda Goh SHANGHAI (Reuters) – China kept its benchmark lending rates unchanged for a sixth straight month in February, as expected, with the world’s second-largest economy showing more…
South Korea Finance Minister sees inflation easing by April-May
SEOUL (Reuters) – South Korea’s finance minister reaffirmed on Friday his view that consumer prices would ease around the April-May months, a week after data showed the country’s annual inflation had unexpectedly…
Japan eyes easing S.Korea export controls as Seoul seeks to improve ties -media
By Kantaro Komiya TOKYO (Reuters) -Japan is considering relaxing controls on exports to South Korea as its president, Yoon Suk-yeol, seeks to improve ties amid a strained East Asian security environment, the…
Bullish bets on Asian FX as easing of China COVID curbs boosts outlook – Reuters poll
By Tejaswi Marthi (Reuters) – Bullish bets on the Singapore dollar and the Malaysian ringgit further consolidated to scale five-year highs as a fizzling U.S. dollar rally and China’s pivot from its…
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