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…
Australian PM says inflation numbers ‘pleasing’ amid cost of living pressures
SYDNEY (Reuters) – Prime Minister Anthony Albanese said on Saturday he was pleased to see inflation retreating in Australia, but cautioned that cost of living pressures remained nationwide. Australian inflation slowed to…
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…
Netanyahu to Biden: Israel does not make decisions based on pressures from abroad
JERUSALEM (Reuters) – Israel is a sovereign country that does not make decisions based on pressures from abroad, Prime Minister Benjamin Netanyahu said overnight between Tuesday and Wednesday in response to comments…
Yellen: Inflation likely to come down on lower supply chain pressures, shipping costs
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that supply chain pressures and shipping costs were coming down and were eventually likely to bring down inflation. She also said…
China cuts reserve ratio given domestic pressures, overseas risks – state media
SHANGHAI (Reuters) – China’s central bank made a “timely” move by pumping liquidity into the banking system to respond to rising pressures in the domestic banking industry and growing risks abroad, a…
After SVB collapse, rating agencies back banks to cope with rate pressures
By Lawrence White and Marc Jones LONDON (Reuters) – Banks should largely be able to cope with “unrealised losses” on bonds and the collapse of Silicon Valley Bank, top credit ratings agencies…
New York Fed model finds inflation pressures more persistent than thought
By Michael S. Derby (Reuters) – In another setback for the Federal Reserve’s inflation fight, data showing inflationary pressures cooling in recent months were in fact a mirage, and show underlying price…
Out of lockdown, Kmart pushes Australia’s Wesfarmers to higher profit
By Byron Kaye and Roushni Nair (Reuters) -Australia’s biggest listed conglomerate Wesfarmers Ltd booked a better-than-expected interim profit as a post-lockdown rebound at its Kmart chain offset a sluggish performance from its…
EU Approves Use Of ‘Cricket Powder’ In Food, Citing ‘Environmental Pressures’
EU Approves Use Of ‘Cricket Powder’ In Food, Citing ‘Environmental Pressures’ Laurel Duggan on January 27, 2023 The European Union approved cricket powder as a novel food to be added to bread,…
China reopening will add to global inflationary pressures, ECB’s Lagarde says
DAVOS (Reuters) – China’s reopening after debilitating pandemic restrictions is likely to add to global inflationary pressures as the world’s second-largest economy ramps up commodity consumption, European Central Bank (ECB) President Christine…
U.S. business activity slumps in December; price pressures ease – S&P Global survey
WASHINGTON (Reuters) – U.S. business activity contracted further in December as new orders slumped to the lowest level in just over 2-1/2 years, but softening demand helped to significantly cool inflation. S&P…
Philly Fed manufacturing survey shows inflation pressures at 27-month low
(Reuters) – Manufacturing activity in the U.S. mid-Atlantic region contracted for a fourth straight month in December, but factory operators reported a brighter outlook and said inflation pressures were easing notably, a…
Sub-Saharan Africa’s debt pressures to continue to rise – Fitch
By Rachel Savage JOHANNESBURG (Reuters) – The external debt service burden in Sub-Saharan Africa will continue to climb in the coming years, ratings agency Fitch said on Wednesday, as the pressures of…
Euro zone factory downturn eased in November, inflationary pressures moderated
LONDON (Reuters) – The downturn in manufacturing activity across the euro zone eased in November, according to a survey which suggests while the bloc’s factories still face a harsh winter it may…
India says falling commodity prices to ease inflationary pressures
By Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) – India’s inflation is likely to ease in the coming months, partly due to fall in commodity prices, India’s finance ministry said in…
U.S. service sector slows in October; price pressures build up – ISM survey
WASHINGTON (Reuters) – The U.S. services industry grew at its slowest pace in nearly 2-1/2 years in October, but businesses continued to face higher prices for inputs, confirming that inflation was shifting…
U.S. service sector growth solid in September; price pressures easing – ISM survey
WASHINGTON (Reuters) – The U.S. services industry slowed modestly in September, while employment surged and a measure of prices paid by businesses for inputs fell to more than a 1-1/2-year low, suggesting…
UK’s Co-op expects inflationary pressures to continue, interim profit slumps
(Reuters) – Britain’s Co-operative Group reported a sharp drop in its interim profit on Thursday, as the supermarkets-to-funerals provider continued to face supply chain snags, and higher wage and energy costs, amid…
Global supply pressures continued decline in August – NY Fed
WASHINGTON (Reuters) – An index of global supply pressures eased again in August, continuing a steady decline from its Dec. 2021 peak, the New York Fed reported on Wednesday. The index remained…
U.S. service sector keeps momentum in August; price pressures ease – ISM survey
(Reuters) – The U.S. services industry picked up again in August for the second straight month amid stronger order growth and employment, while supply bottlenecks and price pressures eased, reinforcing the view…
Colombia August inflation forecast to rise amid food, housing cost pressures: Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s inflation is forecast to have shown further upward growth in August, a Reuters poll revealed on Thursday, as consumer prices rose on food and housing…
U.S. manufacturing sector steady in August; price pressures ease further – ISM
WASHINGTON(Reuters) – U.S. manufacturing grew steadily in August as employment and new orders rebounded, while a further easing in price pressures strengthened expectations that inflation has likely peaked. The Institute for Supply…
Bank of Korea to raise rates on Thursday as price pressures mount – Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – South Korea’s central bank will raise its key interest rate again on Thursday to fight inflation, according to a Reuters poll of economists, but they are…
California School District Pressures Teachers To Aid Students’ Gender Transitions
California School District Pressures Teachers To Aid Students’ Gender Transitions Reagan Reese on August 18, 2022 A California school district is pressuring teachers to aid students in their gender transitions, according to…
Breaking News
