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…
Global manufacturers see chip shortage easing
By John Revill and Supantha Mukherjee ZURICH/STOCKHOLM – Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing, executives said Thursday, in a boost…
China approves projects worth $50 billion after easing environment rules
SHANGHAI – China has fast-tracked the approval of construction projects worth more than 380 billion yuan ($56.22 billion) after relaxing its environmental rules last month, but will still show “zero tolerance” to…
Sequoia China raises $9 billion amid hopes crackdown is easing – source
By Julie Zhu HONG KONG – Sequoia Capital China has raised a total of nearly $9 billion for four new funds amid investor hopes that the authorities are easing a regulatory crackdown…
Easing chip shortages to help Volkswagen in H2 – CEO
BERLIN – Volkswagen sees a strong second half of 2022 and expects progress in catching up with rival Tesla as easing chip shortages start to offset supply chain bottlenecks and rising costs,…
Russia’s first deputy PM says rouble is overvalued, sees inflation easing – Tass
(Reuters) – Russian First Deputy Prime Minister Andrei Belousov says the rouble is overvalued and industry would be more comfortable if it fell to between 70 to 80 against the U.S. dollar…
China to miss boom in Asia buyout deals despite likely easing of crackdown
By Scott Murdoch and Kane Wu HONG KONG – Buyout funds are set to extend a record spending spree in Asia to the rest of the year but they will be mostly…
Chinese tech ADRs rise as end of Didi probe raises hope of easing crackdowns
(Reuters) – U.S.-listed Chinese technology stocks rose on Monday after a report that regulators in China are concluding a probe into ride-hailing giant Didi Global raised expectations of easing crackdowns on the…
China’s factory activity falls at slower pace on easing curbs – Caixin PMI
BEIJING – China’s factory activity shrank less sharply in May as COVID-19 curbs eased and some production resumed, a private sector survey showed on Wednesday, improving from a 26-month low in April.…
Thai economy improves in May on easing COVID curbs – central bank
BANGKOK – Thailand’s economic activity in May showed gradual improvement as concerns about the pandemic receded and restrictions eased, the central bank said on Tuesday. Issues to be monitored, however, include an…
Loblaw revenue misses estimates on easing demand for groceries, essentials
(Reuters) – Canadian retailer Loblaw Cos Ltd missed Wall Street estimates for first-quarter revenue on Wednesday, signaling that pandemic-led demand for groceries and drugs were waning from its peak. Consumers returning to…
Easing energy costs curb Spanish April price rises but core inflation jumps
MADRID – Easing energy prices helped lower Spanish 12-month inflation to 8.4% in April from March’s near 40-year high, preliminary data showed on Thursday, although core inflation, which strips out more volatile…
China keeps medium-term policy rate unchanged, but markets expect more easing
SHANGHAI -China’s central bank kept borrowing costs of its medium-term policy loan unchanged for the third straight month as expected on Friday, despite Beijing calling for more monetary stimulus to cushion an…
Exclusive-Venezuela’s PDVSA seeks oil tankers in anticipation of U.S. sanctions easing
By Mircely Guanipa and Marianna Parraga CARACAS/HOUSTON – Venezuela’s state-run energy firm PDVSA is in talks to buy and lease several oil tankers amid a possible expansion in exports, according to three…
Ivanhoe Mines’ Friedland sees logistics cost squeeze easing
JOHANNESBURG – High shipping costs have posed a “challenge” for Democratic Republic of Congo-focused copper producer Ivanhoe Mines, but an alternative route to port via Angola should ease the squeeze, co-Chairman Robert…
China’s land sales plunged in Jan-Feb though easing measures
BEIJING – China’s land sales revenue slumped from a year earlier, official data for January-February showed on Friday, pointing to continued weakness in the country’s huge property market, a major economic growth…
U.S. adopts rules easing path to green cards for abused, neglected minors
By Daniel Wiessner – U.S. immigration authorities released new policies on Monday that will make it easier for immigrant minors who are victims of parental abuse and neglect to qualify for green…
Japan PM Kishida’s border easing as COVID deaths spike draws ire online
By Rocky Swift and Elaine Lies TOKYO – Japanese Prime Minister Fumio Kishida’s plan to relax the strictest COVID-19 border controls among wealthy nations has pleased nobody, with businesses and student groups…
IMF backs ECB’s easy policy as it sees inflation easing
FRANKFURT – The European Central Bank has been right to maintain its easy money policy as inflation is set to fall after “transient boosts” from supply snags that may extend into next…
European shares rebound as risk assets powered by signs of easing Ukraine-Russia tensions
By Sruthi Shankar and Shashank Nayar -European stocks pulled back some of their recent losses on Tuesday following reports that some Russian troops near Ukraine were returning to their bases, while some…
D.C., Maryland join others in easing COVID restrictions
By Maria Caspani -Washington, D.C. will no longer require people show proof of COVID-19 vaccination to enter many businesses beginning on Tuesday, its mayor said, joining a slew of local leaders who…
Brazil central bank chief says market fears over Lula easing – newspaper
BRASILIA – Brazilian central bank chief Roberto Campos Neto said markets are showing less concern about the possible victory of ex-president Luiz Inácio Lula da Silva in this year’s presidential race, according…
Biden sees mask requirements for children easing, but cautious on dropping all mandates
By Andrea Shalal WASHINGTON – U.S. President Joe Biden on Thursday said mask requirements for children would likely to start to fall away given federal plans to begin vaccinating children under the…
Biden sees inflation easing this year, touts his drug price plan
By Steve Holland CULPEPER, Va. – U.S. President Joe Biden on Thursday said he expected inflation to start to ease this year as supply chain logjams clear up, while saying that his…
U.S. Treasury economist sees inflation pressures easing if pandemic recedes
WASHINGTON – U.S. inflationary pressures should ease in 2022 due to weaker demand for goods, easing supply bottlenecks and a receding coronavirus pandemic, the U.S. Treasury’s top economist said on Monday. In…
Inflation expectations stable, faster price rises may be easing -Fed data
By Howard Schneider and Jonnelle Marte – Data watched closely by the Federal Reserve showed inflation expectations remained broadly anchored through the end of last year, while an alternate measure of inflation…
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