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…
No easy fix for China as economy slows more than expected
By Kevin Yao BEIJING (Reuters) – An unexpectedly weak run of Chinese economic data this month has raised the heat on policymakers to deliver more stimulus measures, but it also shows the…
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…
Canada’s growth slows in the summer as a smaller rate hike eyed
By Julie Gordon OTTAWA (Reuters) -Canada’s economy grew slightly more than expected in August and most likely stayed in positive territory through the summer, official data showed on Friday, a result that…
China’s Huawei slows its long decline under U.S. sanctions as revenues improve
By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies reported modest revenue growth for a second quarter on Thursday, citing steady growth in its ICT infrastructure business as it finds its…
U.S. home price growth slows in August, surveys show
WASHINGTON (Reuters) – U.S. single-family home prices fell sharply on a monthly basis in August as surging mortgage rates dampened demand for housing, closely watched surveys showed on Tuesday. The S&P CoreLogic…
Mexican headline inflation slows in early October, core index still a concern
MEXICO CITY (Reuters) – Mexican annual inflation slowed more than expected in the first half of October, remaining far above the central bank’s target rate, while the closely watched core index climbed…
China’s exports to Russia up by more than 20% as growth slows elsewhere
BEIJING (Reuters) – China’s exports to sanctions-hit Russia rose at a double-digit pace for the third consecutive month in September, bucking the trend of weakening external demand elsewhere amid the Russia-Ukraine war…
China’s Q3 pork output growth slows as farmers reduce breeding herds
BEIJING (Reuters) – China’s third-quarter pork output reached 12.11 million tonnes, up by less than 1% year-on-year, official data showed on Monday, highlighting the impact on production after farmers recorded huge losses…
Japan Oct factory growth slows to 21-month low, but services pick up – flash PMI
TOKYO (Reuters) – Japan’s factory activity growth slowed further to a 21-month low in October as relentless cost pressures torment manufacturers, but service-sector firms received a boost as the country reopened to…
Irish services sector growth slows slightly in Sept –PMI
DUBLIN (Reuters) – Ireland’s services sector continued to expand in September, unlike much of Europe, although the pace of growth slowed slightly due to growing worries about the impact of inflation, a…
India’s weakening exports slows trade deficit moderation – Barclays
MUMBAI (Reuters) – India’s large trade deficit is beginning to consolidate, but the weaker exports are prompting a more gradual adjustment than expected, Barclays Bank said in a note on Tuesday. India’s…
Swiss inflation unexpectedly slows in September
ZURICH (Reuters) – Swiss consumer price inflation slowed to 3.3% in September but still surpassed the Swiss National Bank’s 0-2% target range for the eighth month in a row. Economists had expected…
China’s services sector activity slows in Sept – official PMI
BEIJING (Reuters) – China’s services activity expanded at a slower pace in September, an official survey showed on Friday, as COVID-19 curbs in populous cities weighed on consumption. The official non-manufacturing purchasing…
Swiss Q2 current account narrows, reserve asset growth slows
ZURICH (Reuters) – Switzerland’s second-quarter current account surplus narrowed by nearly 1 billion Swiss francs to 11 billion Swiss francs ($11.23 billion), the Swiss National Bank (SNB) said on Friday. The SNB…
U.S. cutting global donations of Pfizer COVID shots as demand slows
By Michael Erman NEW YORK (Reuters) – The United States is significantly cutting back the number of Pfizer/BioNTech COVID-19 vaccine doses it will buy for donation to poorer nations this year, Pfizer…
Canada annual inflation rate slows to 7.0% in August
TORONTO (Reuters) – Canada’s annual inflation rate eased more than expected to 7.0% in August, largely on lower gasoline prices and slowing shelter costs, Statistics Canada said on Tuesday. But grocery prices…
Analysis: Asian farmers plant to boost palm oil output, seedling shortage slows pace
By Rajendra Jadhav, Mei Mei Chu and Bernadette Christina MUMBAI/KUALA LUMPUR/JAKARTA (Reuters) – Farmers across Asia are busy planting trees to boost palm oil production but nurseries are struggling to keep up…
Peru’s GDP expands 1.41% in July as growth pace slows
LIMA (Reuters) – Peru’s economy expanded 1.41% in July compared with the year before, the government said on Thursday, feeling the effects of a slowdown in the key mining sector. The country’s…
Greek inflation slows to 11.4% y/y in August, still near three-decade high
ATHENS (Reuters) – Greece’s annual consumer inflation slowed to 11.4% in August from 11.6% in the previous month, but remained close to its highest level in nearly three decades, data showed on…
Major central banks put inflation fight first as growth slows
LONDON (Reuters) – The European Central Bank on Thursday lifted its key interest rate by an unprecedented 75 basis points and signalled further hikes, the latest major central bank to prioritise taming…
Taiwan central bank calls for fiscal stimulus as external demand slows
TAIPEI (Reuters) -The head of Taiwan’s central bank said on Wednesday that external demand momentum will slow next year and an expansionary fiscal policy should be adopted to stimulate domestic demand. The…
Jackson Traffic Alert: East Vets Crash Slows Traffic on First Day of School
JACKSON, NJ – Traffic along East Veterans Highway in Jackson was detoured from Bowman Road to Grand Boulevard after a motor vehicle crash downed utility wires and a pole in the area.…
Spanish services sector growth slows to a crawl in August – PMI
MADRID (Reuters) – Activity in Spain’s services sector expanded in August at the slowest rate since January, with companies concerned that inflation will weigh on their profits and on customers’ demand, a…
Fed could ‘dial back’ 75-basis-point hikes if inflation slows, Bostic says
WASHINGTON (Reuters) – The Federal Reserve could have reason to ‘dial back’ from its 75-basis-point interest rate hikes if new data shows inflation “clearly” slowing, Atlanta Fed President Raphael Bostic said in…
China’s fiscal revenue growth slows slightly amid sluggish economic recovery
BEIJING (Reuters) – China’s fiscal revenue growth slowed slightly in the January-July period compared to the first six months of the year, finance ministry data showed on Wednesday, as the economy was…
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