Morning commute slows across New Jersey due to crashes, delays, and water main breaks
NEWARK, N.J. — Morning commuters across New Jersey are facing heavy delays due to a series of crashes, lane closures, and ongoing congestion, with major roadways experiencing significant backups. Traffic on the…
Portugal’s February inflation slows down to 8.2%
LISBON (Reuters) – Portuguese consumer prices rose 8.2% year-on-year in February in a slowdown from 8.4% reported in the previous month, flash data from National Statistics Institute (INE) showed on Tuesday. Still,…
Brazil’s auto production, sales fall in January as demand slows
SAO PAULO (Reuters) – Brazil’s auto industry production and sales dropped sharply in January from the previous month, data from automakers association Anfavea showed on Tuesday, suggesting sluggish demand for vehicles in…
Australia retail sales volumes dip in Q4, price growth slows
SYDNEY (Reuters) – Australian retail sales volumes fell for the first time in a year last quarter as shoppers trimmed spending on goods, a sign higher borrowing costs are finally working to…
U.S. house price inflation slows further in November
WASHINGTON (Reuters) – U.S. single-family home price growth cooled further in November, surveys showed on Tuesday, which together with declining mortgage rates could help to slow the housing market’s slide deeper into…
Hungary cbank could start “cautious” rate cuts once CPI slows – minister
BUDAPEST (Reuters) – Hungary’s January annual inflation is expected to rise above 25% but in February price growth will start slowing which could then allow the central bank to gradually start reducing…
Venezuela’s inflation slows to 234% in 2022, vice president says
CARACAS (Reuters) – Inflation in Venezuela hit 234% in 2022, Vice President Delcy Rodriguez said on Monday, representing a slowdown from the previous year, as the South American country struggles with a…
China’s Q4 growth slows to 2.9% y/y, beats expectations
BEIJING (Reuters) – China’s economy hit a bump in the fourth quarter, growing by 2.9% year-on-year, National Bureau of Statistics data showed on Tuesday, beating expectations but still underlining the toll exacted…
Fed seen near certain to switch to smaller rate hikes as inflation slows
(Reuters) -The Federal Reserve is now seen nearly certain to deliver just a quarter-point interest-rate hike at its next meeting and likely to ultimately stop raising rates short of 5%, after a…
Thai Q3 household debt to GDP slows but remains a risk
BANGKOK (Reuters) – Thailand’s household debt to gross domestic product ratio dropped to 86.8% in the third quarter from 88.1% in the previous quarter, central bank data showed on Friday, as the…
Euro zone business lending growth slows sharply in November
FRANKFURT (Reuters) – Bank lending to euro zone companies slowed in November, easing back from the sector’s biggest borrowing binge in over a decade as rising interest rates and a looming recession…
Boeing slows final 787 assembly rate in South Carolina over parts delay
WASHINGTON (Reuters) – Boeing Co on Friday said it slowed production of its 787 Dreamliner in South Carolina after a parts delay, but said previously its delivery and production outlook is unchanged…
Central banks ramp up rates again but the pace slows
LONDON (Reuters) – Central banks in Britain, Norway, Switzerland, the euro zone and the United States have all raised interest rates this week. Many have slowed the pace of their hikes. But…
ECB delivers fourth straight increase but slows pace
LONDON – The European Central Bank raised interest rates for the fourth time in a row on Thursday, and outlined plans to shrink its bloated balance sheet from March 2023 to contain…
Russia to hold rates at 7.5% this week as inflation slows: Reuters poll
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Russian central bank is expected to hold its key interest rate at 7.5% on Friday, as inflation continues to slow and in…
Russian consumer inflation slows to 12% as central bank meeting looms
MOSCOW (Reuters) – Annual inflation in Russia slowed further in November, but consumer prices rose again in month-on-month terms, data showed on Friday, just one week before the central bank meets for…
Mexico annual inflation slows to 7.8% in November, core index still a concern
MEXICO CITY (Reuters) – Mexican consumer prices rose 7.8% in the year through November, slowing down from the previous month to reach its lowest level since May even as the core index…
UAE non-oil private sector growth slows amid global headwinds – PMI
DUBAI (Reuters) – The United Arab Emirates’ non-oil private sector grew in November at its slowest pace since January, as signs emerged that concern over a global slowdown weighed on sales and…
Canadian factory sector activity slows for fourth month
TORONTO (Reuters) – Canadian manufacturing activity weakened for a fourth straight month in November as worries that the economy would slip into recession undercut demand, but the pace of contraction and a…
U.S. private payrolls growth slows in November-ADP
WASHINGTON (Reuters) – U.S. private payrolls increased far less than expected in November, suggesting demand for labor was cooling amid high interest rates, a survey showed on Wednesday. Private employment increased by…
Portugal’s 12-month inflation at 9.9% in November, slows down vs Oct
LISBON (Reuters) – Portuguese consumer prices rose 9.9% year-on-year in November, slowing down slighly from the 10.1% reported in the previous month, flash data from the National Statistics Institute (INE) showed on…
Turkey’s economic growth slows to 3.9% in Q3 as foreign demand falls
By Nevzat Devranoglu and Ali Kucukgocmen ANKARA (Reuters) – Turkey’s economy expanded 3.9% in the third quarter from a year ago, according to official data released on Wednesday, though growth slowed from…
Australia monthly inflation slows in October, hints at possible peak
By Wayne Cole SYDNEY (Reuters) – Australian inflation slowed in October as prices for fruit and vegetables fell sharply and holidays costs took a surprise dip, an unexpected turn that could mean…
Thai economy may miss forecast next year as global growth slows -Finance Minister
BANGKOK (Reuters) – Thailand’s economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year’s outlook should still be achieved, the finance minister…
Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to keep rates steady as inflation shows signs of easing and as authorities focus on discussions to secure a $2.9…
Bank of Korea to hike rates a modest 25bps on Nov 24 as growth slows- Reuters poll
By Devayani Sathyan and Anant Chandak BENGALURU (Reuters) – South Korea’s central bank will scale back its tightening pace on Thursday and hike rates by a modest 25 basis points amid signs…
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