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…
Australia Dec business conditions ease, price pressures cool
SYDNEY (Reuters) – Australian business conditions continued to soften in December as manufacturing and construction lost ground, a survey showed on Tuesday, while price pressures eased markedly in a promising sign for…
Kenya wins $941 million IMF loan boost, easing financial pressures
By Kanjyik Ghosh (Reuters) – The International Monetary Fund (IMF) on Wednesday approved a $941 million lending boost to Kenya, with an immediate disbursement of $624.5 million, offering some relief to the…
NY Fed says global supply chain pressures eased in December
By Michael S. Derby NEW YORK (Reuters) – Supply chain pressures cooled down last month, the Federal Reserve Bank of New York said on Friday, but it’s possible the benign reading may…
China pressures Taiwan with trade accusations and warplanes a month before election
By Liz Lee and Jeanny Kao BEIJING/TAIPEI (Reuters) -China on Friday pressured Taiwan with a trade barrier probe and warplanes in the Taiwan Strait a month before the island holds key elections,…
Japan’s factory activity extends declines as pressures persist- PMI
TOKYO (Reuters) – Japan’s factory activity shrank for a seventh straight month in December while the service sector made modest gains, a business survey showed on Friday, as weak demand and price…
Marketmind: Inflation pressures are cooling, rapidly
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Bond yields, interest rate expectations, oil prices and inflationary pressures around the world are falling, and the conviction…
Fed’s Bostic sees slower growth, falling inflation pressures
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on Wednesday he expects U.S. growth to slow and inflation to continue to ease on…
Japan’s corporate service inflation climbs in sign of broadening price pressures
By Leika Kihara TOKYO (Reuters) -Japan’s business-to-business service inflation accelerated in October as a tight job market lifted labour costs, underscoring a broadening of price pressures that could heighten the chance of…
Councilman Pressures Facebook to Unban Police Department’s Facebook Page
JACKSON TOWNSHIP, NJ – The Jackson Township Police Department has been banned from Facebook since June. Nobody is sure why. Jackson Police Chief Matthew Kunz last Tuesday said multiple attempts to restore…
Mexico sees solid economic expansion but price pressures persist
MEXICO CITY (Reuters) – Mexico’s economy, the second biggest in Latin America, could expand by 3.5% or more this year, a senior finance ministry official said on Wednesday, as one central banker…
US business output ticks up in October; inflation pressures ease
(Reuters) – U.S. business output ticked higher in October as the manufacturing sector pulled out of a five-month contraction on a pickup in new orders, and services activity accelerated modestly amid signs…
LendingClub reducing 14% of workforce to ease cost pressures
(Reuters) – LendingClub is cutting 172 jobs, or 14% of its workforce, the financial services company said on Thursday, as it looks to reduce costs amid continued macroeconomic uncertainty. The Federal Reserve’s…
Borrowing pressures to push European default rates to 3.75%-5.5% – S&P Global
By Marc Jones LONDON (Reuters) -Higher interest rates and a near stalling of Europe’s economy will put pressure on the credit ratings of the region’s companies, property firms and banks and drive…
Global equity funds draw big inflows as inflationary pressures ease
(Reuters) – Global equity funds attracted substantial inflows in the week ending Sept. 13, buoyed by hopes the Federal Reserve might halt its rate increases amidst easing inflationary concerns, potentially boosting risk…
Irish service growth remains robust, inflation pressures ease-PMI
DUBLIN (Reuters) – Irish service sector growth remained robust in July amid a strengthening in business sentiment and a slight easing in still high input and output cost pressures, a survey showed…
UK factory output falls at fastest pace in seven months, cost pressures ease -PMI
By Suban Abdulla LONDON (Reuters) – British factory output contracted in July at the fastest pace in seven months, hit by higher interest rates and fewer new orders, despite weakening price pressures,…
Yellen sees disinflation pressures at work as hiring surge fades – Bloomberg News
(Reuters) – U.S. Treasury Secretary Janet Yellen said a cooling — but not faltering — labor market is playing a leading role in helping slow inflation, among a raft of factors imposing…
Malaysia’s central bank hits pause on rates as price pressures ease
By A. Ananthalakshmi and Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s central bank kept benchmark interest rates unchanged on Thursday, as expected, amid signs of moderating growth and easing inflation, with economists saying…
UK economy stumbles but price pressures remain high -flash PMI
LONDON (Reuters) – Britain’s economy showed signs of a slowdown this month but inflation pressures stayed high, according to a survey published a day after the Bank of England raised interest rates…
UK business confidence dips in May, inflation pressures persist: Lloyds
By Suban Abdulla LONDON (Reuters) – Sentiment among British businesses fell for the first time in three months in May as firms were less optimistic about the economy and their trading prospects…
Australia business activity robust in April, cost pressures still a challenge
SYDNEY (Reuters) – Australian business conditions remained sturdy in April, supported by robust sales and labour market strength despite high inflation and rising interest rates, while cost pressures were still posing a…
UK factory activity shrinks in April but cost pressures ease -PMI
By Suban Abdulla LONDON (Reuters) – British factory output and new orders contracted at the start of the second quarter of 2023, but manufacturers were more optimistic and input costs rose at…
Fed’s Harker sees more central bank action to quash inflation pressures
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday the U.S. central bank will have to do more on the policy front to…
NY Fed index shows global supply chain pressures eased further in March
By Michael S. Derby NEW YORK (Reuters) – International supply chain stress continued to ease last month, the Federal Reserve Bank of New York said on Thursday, in data that suggests at…
Mexican factories expand for second straight month, inflation pressures subside
MEXICO CITY (Reuters) – Mexico’s manufacturing sector grew for a second straight month in March as firms hired workers, supply-chain pressures eased, and input cost inflation slowed to a 1-1/2-year-low, a survey…
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