Singapore May core inflation rises 4.7% y/y, matches forecast
SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 4.7% year-on-year in May, official data showed on Friday. The May core inflation rate – which …
rises
KB Home quarterly revenue rises on higher demand
(Reuters) – KB Home on Wednesday posted a 3% rise in its quarterly revenue, helped by strong demand amid tight supply of homes. Shares of …
Bitcoin rises 5.1% at $28,211
(Reuters) – Bitcoin rose 5.1% to $28,211 at 20:49 GMT on Tuesday, adding $1,369 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, …
Fed officials project more 2023 rate rises, amid hope inflation will still cool
By Michael S. Derby WASHINGTON (Reuters) – U.S. Federal Reserve officials penciled in additional rate rises for this year and said they foresee inflation pressures …
Nigeria boat capsize death toll rises to more than 100
By Ahmed Kingimi MAIDUGURI, Nigeria (Reuters) – The death toll from an overloaded boat that capsized in a remote part of Nigeria’s north central region …
Swiss National Bank Chairman hints at rate rises to tackle inflation
ZURICH (Reuters) – The Swiss National Bank could raise interest rates to tackle inflation which remains above target, Chairman Thomas Jordan said in an interview …
Canada loses 17,300 jobs in May, jobless rate rises to 5.2%
TORONTO (Reuters) – Canada’s economy lost a net 17,300 jobs in May, entirely in full-time work, and the jobless rate rose to 5.2%, Statistics Canada …
Bank of Montreal quarterly profit rises on higher interest income
(Reuters) – Bank of Montreal’s second-quarter profit jumped as higher interest rates shored up the lender’s net interest income, the Canadian bank said on Wednesday. …
US homebuilder sentiment rises to 10-month high in May
WASHINGTON (Reuters) – U.S. homebuilder sentiment rose to a 10-month high in May as tight housing supply boosted demand for new construction, according to a …
U.S. refiners build new oil processing as travel rises
By Erwin Seba HOUSTON (Reuters) – U.S. oil refiners aim to run at up to 94% of a total 17.9 million barrels per day processing …
South Africa’s unemployment rate rises amid power crisis
By Kopano Gumbi PRETORIA (Reuters) – South Africa’s unemployment rate rose in the first quarter after declining for four consecutive quarters last year, data showed …
Cost of insuring against U.S. default rises to highest since 2009
LONDON (Reuters) – The cost of insuring against a U.S. default rose to its highest since early 2009 on Thursday, in the latest sign of …
UK construction output rises in April, house-building drag intensifies -PMI
By Suban Abdulla LONDON (Reuters) – Activity in Britain’s construction sector increased in April but growth was lopsided, with residential house-building suffering its steepest decline …
Green Thumb revenue rises as more US states allow marijuana use
By Mrinalika Roy (Reuters) – Green Thumb Industries Inc reported higher first-quarter sales on Wednesday, as customer traffic rose at the cannabis producer’s retail stores …
Italy CPI rises again in April amid energy prices volatility
By Antonella Cinelli ROME (Reuters) – Italian inflation jumped unexpectedly in April, driven by another spike in energy prices, official statistics agency ISTAT said on …
Textron’s profit rises on stronger pricing of business jets
(Reuters) – Textron Inc beat estimates for first-quarter profit on Thursday, as higher sales of pricier business jets in Aviation segment helped offset the lower …
Thailand car production rises 4% y/y in March, exports also up
BANGKOK (Reuters) – Car production in Thailand rose 4.16% in March from a year earlier to 179,848 units, as a shortage of microchips eased, the …
Singapore March core inflation rises 5%, slightly less than forecast
By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5% in March, slightly lower than forecast, official data showed on Monday. The …
US business activity rises to 11-month high in April – S&P Global survey
WASHINGTON (Reuters) – U.S. business activity accelerated to an 11-month high in April, according to a survey on Friday, which was at odds with growing …
Fed emergency lending rises slightly in latest week
NEW YORK (Reuters) – Federal Reserve emergency lending to banks in the wake of last month’s financial sector troubles remains high and increased modestly in …
China’s March industrial output rises 3.9%; retail sales up 10.6%
BEIJING (Reuters) – China’s industrial output rose 3.9% in March year-on-year, official data showed on Tuesday, accelerating from a 2.4% increase in the first two …
German engineering production rises at the start of 2023 – VDMA
BERLIN (Reuters) – Production in Germany’s engineering sector rose by 3.2% in the first two months of 2023 compared with the same months last year …
Tupperware rises a day after 50% slump on going concern warning
(Reuters) – Tupperware Brand Corp’s shares recouped some lost ground to climb nearly 7% on Tuesday, a day after losing half their value as the …
Philippine central bank may consider pausing rate rises if inflation slows
MANILA (Reuters) – The Philippine central bank may consider pausing its monetary tightening next month if April inflation does not accelerate, the bank’s governor said …
Deforestation in Brazil’s Amazon rises in March
By Steven Grattan SAO PAULO (Reuters) – Deforestation in Brazil’s Amazon rainforest rose 14% in March from the previous year, preliminary official data showed on …
Brazil’s jobless rate rises to 8.6% in quarter through February
SAO PAULO (Reuters) – Brazil’s jobless rate rose to 8.6% in the three months through February, statistics agency IBGE said on Friday, slightly below market …
India’s external debt rises to $613.1 billion as of end-Dec – Govt
(Reuters) – India’s external debt rose 1.2% quarter-on-quarter to $613.1 billion as of end-December, the government said in a statement on Friday. The country’s external …
Analysis-Rate rises pile pain on SME firms in U.S. and Europe
By Chiara Elisei LONDON (Reuters) – U.S. and European small and medium-sized (SME) firms may be next to feel the pain of rapid interest rate …
Brazil’s public debt rises 1.51% in February
BRASILIA (Reuters) – Brazil’s federal public debt grew 1.51% in February from the month before, the Treasury said on Wednesday, marked by a further increase …
Japan PM Kishida sets eye on wage rises as focus of ‘new capitalism’
By Tetsushi Kajimoto TOKYO (Reuters) – Japan will draw up a plan in June on “new capitalism”, focusing on wage increases, innovation and resolving social …
Berkshire Hathaway stake in Occidental Petroleum rises to 23.6%
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc boosted its ownership stake in Occidental Petroleum Corp to about 23.6% after buying nearly 3.7 …
Japan public approval for PM Kishida’s cabinet rises to near 50% -media
TOKYO (Reuters) – Japanese public support for the cabinet of Prime Minister Fumio Kishida rose to 48%, exceeding the disapproval rate for the first time …
Philippine minister says pause in rate rises likely at next bank meeting
MANILA (Reuters) – Philippines Finance Secretary Benjamin Diokno said on Sunday he believed that the central bank was leaning towards a pause in interest rate …
Russia’s monthly producer price index rises for first time in 10 months
MOSCOW (Reuters) – Costs in Russia’s manufacturing sector rose in February for the first time in 10 months, data from the state statistics service Rosstat …
Bitcoin rises 9.2% to $27,359
(Reuters) – Bitcoin surged 9.2% to $27,359 at 2207 GMT on Friday, adding $2,309 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, …
Berkshire Hathaway buys more Occidental shares, stake rises to 23.1%
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc purchased more Occidental Petroleum Corp shares, increasing its stake in the oil company to about 23.1%, a regulatory …
UK employers offer 5% pay rises in 3 months to January: IDR
LONDON (Reuters) – British employers agreed pay rises averaging 5.0% during the three months to the end of January, well above historic norms, and a …
Brazil’s Ambev sees higher costs in 2023 as Q4 net profit rises 36%
SAO PAULO (Reuters) – Ambev SA said on Thursday it expects the cost of goods sold per hectoliter at its beer business in Brazil to …
Spain’s February jobless rises 0.1% from January to 2.91 million
(Reuters) – The number of people registering as jobless in Spain rose by 0.1% in February from a month earlier, or by 2,618 people, leaving …
Canadian factory activity rises to 7-month high on improving demand
TORONTO (Reuters) – Canadian manufacturing activity expanded at a faster pace in February as measures of output and new orders both rose to nine-month highs, …
Earthquake death toll in Turkey rises above 45,000 – AFAD
ISTANBUL (Reuters) – The death toll in Turkey from last month’s devastating earthquake has risen to 45,089, the Disaster and Emergency Management Authority (AFAD) said …
Spain’s inflation resumes upward trend, rises to 6.1% in February
(Reuters) – Consumer prices in Spain resumed their upward trend, rising 6.1% year-on-year in February, a faster pace than the 5.9% during the 12 months …
Vietnam’s factory output rises in February, exports up 11%
HANOI (Reuters) – Vietnam’s exports rose 11% in February from a year earlier, and the country’s industrial output increased 3.6% in the same month, according …
Malaysia’s Jan CPI rises 3.7% on-year, in line with forecast
KUALA LUMPUR (Reuters) – Malaysia’s consumer price index (CPI) in January rose 3.7% from a year earlier, government data showed on Friday. The rise was …
Thailand car production rises in January but local sales drop
BANGKOK (Reuters) – Car production in Thailand rose 4.02% in January from a year earlier to 157,844 units, helped by higher exports, the Federation of …
Cyclone death toll in New Zealand rises to nine as recovery continues
SYDNEY (Reuters) -The death toll from Cyclone Gabrielle in New Zealand rose to nine on Saturday as the clean-up continued on the battered North Island …
Brazil’s economic activity rises 2.9% in 2022
BRASILIA (Reuters) – Brazil’s economic activity increased by 2.9% in 2022, according to a central bank index released on Thursday, boosted by the services sector …
Hesai Group rises in U.S. IPO, biggest for Chinese firm since 2021
By Scott Murdoch and Echo Wang NEW YORK (Reuters) -Chinese sensor maker Hesai Group’s shares closed 10.8% percent higher on their first day of trade …
Euro zone investor morale rises for fourth month in a row
BERLIN (Reuters) – Investor morale in the euro zone improved for the fourth month in a row in February to reach its highest level since …
UK construction slips to near 3-year low but confidence rises – PMI
By William Schomberg LONDON (Reuters) – Britain’s construction sector had its worst month in almost three years in January as rising borrowing costs hit house-building …