Hong Kong Q4 GDP expands 4.3% y/y, slower than forecast
HONG KONG (Reuters) – Hong Kong’s economic growth accelerated in the fourth quarter to 4.3% from a year earlier, official advance estimates showed on Wednesday, with inbound tourism and private consumption remaining…
Canada’s Ivey PMI shows activity expanding at slower pace in February
OTTAWA (Reuters) – Canadian economic activity expanded at a slower pace in February, Ivey Purchasing Managers Index (PMI) data showed on Monday. The seasonally adjusted index fell to 51.6 from 60.1 in…
Fed’s foot ‘unequivocally’ on brake, sensible to move slower, Barkin says
WASHINGTON (Reuters) – Tight monetary policy is “unequivocally” slowing the U.S. economy, allowing the Federal Reserve to move “more deliberately” with any further interest rate increases, Richmond Fed President Thomas Barkin said…
Fed’s Logan supports slower rate hike pace, possibly higher stopping point
By Ann Saphir (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Wednesday laid out a case for slowing the pace of the U.S. central bank’s interest-rate hikes so as to…
German wholesale prices rise in December but at slower pace
BERLIN (Reuters) – Germany’s wholesale price index rose in December compared with the same month last year although at a slower pace than in previous months, according to data released on Monday.…
South African businesses expand at slower pace in December -PMI
JOHANNESBURG (Reuters) – Activity in South Africa’s private sector expanded in December but at a slower pace than in November as high prices and power cuts continued to depress client demand, a…
Analysis-Investors on alert for policy error after cheering slower rate hikes
By Yoruk Bahceli (Reuters) – Central banks are starting to slow aggressive rate rises but are far from done even as recession looms, leaving investors alert to risks that prolonged tightening could…
Fed’s Evans sees slower rate hike pace, “slightly higher” peak rate
By Bianca Flowers (Reuters) – The Federal Reserve will likely need to raise borrowing costs to a “slightly higher” peak than envisioned in forecasts from September, Chicago Federal Reserve Bank President Charles…
Fed’s Barkin sees slower rate hikes, for longer, maybe higher
(Reuters) – Richmond Federal Reserve Bank President Thomas Barkin on Monday said he supports moving to smaller interest-rate hikes in the central bank’s fight to bring down too-high inflation. “I’m very supportive…
Lebanon’s economy still contracting but at slower pace, World Bank says
BEIRUT (Reuters) – Lebanon’s economy, hit by one of the world’s most severe crises, continues to contract although the pace of that contraction has somewhat slowed, the World Bank said in a…
Taiwan October export orders likely contracted again, but at slower pace- Reuters poll
TAIPEI (Reuters) – Taiwan’s export orders likely contracted again in October as global demand for technology cools though at a slower rate than the previous month, a Reuters poll showed on Friday.…
Senegal reform implementation slower than expected – IMF staff
(Reuters) – Senegal has made “significant progress” in implementing structural reforms but those have come at a slower pace than anticipated, the International Monetary Fund’s staff said on Wednesday. Performance of the…
Marketmind: Slower, higher, longer
A look at the day ahead in U.S. and global markets from Mike Dolan. If markets thought a Fed ‘pivot’ might signal an end or even a pause to the U.S. central…
China’s rich provinces post slower growth than national economy on COVID curbs
BEIJING (Reuters) – Some of China’s most affluent regions reported slower growth in the first three quarters of the year than the national economy, as COVID-19 curbs disrupted factory and consumer activity.…
Mexico’s economy seen growing in Q3, but at slower pace – Reuters poll
MEXICO CITY (Reuters) – Mexico’s economy likely grew between July and September for the fourth consecutive quarter, though at a slower rate due to a slowdown in the United States, a Reuters…
Fed’s George repeats call for steadier and slower path of rate hikes
By Lindsay Dunsmuir (Reuters) – The Federal Reserve should more slowly and steadily raise interest rates to allow time for its policy actions to seep through the economy and minimize market volatility,…
U.S. EIA sees slower oil demand, output growth this year and next
(Reuters) – U.S. oil demand and production is expected to grow more slowly than previously forecast for the remainder of this year and in 2023, the U.S. Energy Department said on Wednesday.…
Canada economic activity expanding at slower pace -Ivey PMI
TORONTO (Reuters) – Canadian economic activity expanded at a slower pace in September as employment growth cooled, Ivey Purchasing Managers Index (PMI) data showed on Thursday. The seasonally adjusted index fell to…
APPEC-Oil stocks to rise on slower demand, OPEC cuts needed to bolster prices
(Corrects to 0.5-1 million bpd from 1-1.5 million bpd in paragraph 4) By Emily Chow and Isabel Kua SINGAPORE (Reuters) -Global oil stocks are set to rise next year amid weakening demand…
RBA to hike by another half-point in September, slower pace of tightening ahead- Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will raise the cash rate by another half-point on Tuesday to curb soaring inflation but will moderate the pace of hikes for the…
Taiwan July exports seen growing at slower pace amid rising uncertainties – Reuters Poll
TAIPEI – Taiwan’s exports likely rose for the 25th straight month in July though at a slower pace than in June, amid fears of a global recession, uncertainties due to the Ukraine…
Egyptian non-oil sector continues contraction, at slower pace – PMI
CAIRO – Egypt’s non-oil private sector activity shrank again in July, but at a slower pace than June’s two-year low, as demand remains weakened by inflation and shortages continue to put pressure…
Germany faces slower growth and new spike in inflation, Bundesbank says
FRANKFURT – The German economy is likely to have grown less than expected this quarter and may face a new spike in inflation in September as government subsidies expire, the Bundesbank said…
France sees slower growth stalling deficit reduction in 2023
PARIS – French economic growth will slow sharply next year in the face of mounting geopolitical risks, pushing back improvement in the public sector budget deficit until afterwards, the Finance Ministry said…
Bank of Canada again hikes inflation forecast, eyes slower growth but no recession
OTTAWA, July 13 (Reuters)- The Bank of Canada on Wednesday dramatically upped its near-term inflation forecasts and said there was an increased risk of higher price gains becoming entrenched, as it slashed…
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.…
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