US consumer sentiment weakens in October
WASHINGTON (Reuters) – U.S. consumer sentiment fell sharply in October as households anticipated higher inflation over the next year, a survey showed on Friday. The University of Michigan’s preliminary reading on the…
Idalia weakens to category 1 hurricane – US NHC
(Reuters) – Idalia weakened to a category 1 hurricane on the Saffir-Simpson Hurricane Wind Scale and is crossing into southern Georgia, the U.S. National Hurricane Center (NHC) said in its latest advisory…
US economy near stalling point as consumer demand weakens, survey says
By Safiyah Riddle (Reuters) – U.S. business activity approached the stagnation point in August, with growth at its weakest since February as demand for new business in the vast service sector contracted.…
South Korea consumer sentiment weakens in August on growth worries
SEOUL (Reuters) – South Korea’s consumer sentiment weakened in August for the first time in six months, a central bank survey showed on Tuesday, amid worries about sluggish economic growth. The consumer…
Japan asks X to take down fake account of top FX diplomat as yen weakens
TOKYO (Reuters) – Japan’s Ministry of Finance (MOF) warned on Thursday of a fake account for its top currency diplomat Masato Kanda on social media X, formerly known as Twitter, as the…
Venezuela’s bolivar weakens against the U.S. dollar as inflation rages
CARACAS (Reuters) – The Venezuelan bolivar weakened to 30 units per dollar, the central bank said on Thursday, marking the latest descent for the beleaguered local currency as the economy suffers one…
Remittances to Mexico near all-time high in June but strong peso weakens impact
MEXICO CITY (Reuters) – Remittances to Mexico totaled $5.57 billion in June, just under the all-time high reached the month before but dampened in real terms by the sharp appreciation of the…
Hurricane Don weakens to a tropical storm, NHC says
(Reuters) – Hurricane Don has weakened to a tropical storm, the U.S. National Hurricane Center (NHC) said on Sunday. The storm was located about 320 miles (515 km) southeast of Cape Race,…
Australian BNPL firm Zip’s credit performance in local market weakens further
(Reuters) – Australia’s Zip Co Ltd said on Thursday it faced a jump in bad debts at home grounds, its biggest market by revenue, during the March-June quarter due to poor domestic…
French services activity falls for first time since January as demand weakens – PMI
PARIS (Reuters) – Activity in France’s dominant services sector fell in June for the first time since January, a survey showed on Wednesday, as weak demand added to fears the euro zone’s…
Tropical Storm Arlene weakens to a tropical depression, US NHC says
(Reuters) – Tropical Storm Arlene weakened to a tropical depression on Saturday, the National Hurricane Center (NHC) said. The depression is located about 145 miles (233.35 km) west of the Dry Tortugas,…
Taiwan cuts GDP forecast, export outlook as global demand weakens
TAIPEI (Reuters) -Taiwan’s economy will probably grow more slowly in 2023 than previously forecast, the government’s statistics office said on Friday, as weakening global demand weighs heavily on its key technology exports.…
Egypt’s economy seen growing 4% this fiscal year as currency weakens- Reuters poll
By Patrick Werr CAIRO (Reuters) – Egypt’s economy will grow 4.0% this fiscal year and 4.5% next even as it endures a continuing depreciation in its currency, a Reuters poll showed on…
Italian bank loans to firms fall as demand weakens: central bank
(Reuters) – Bank loans to companies in Italy declined sharply between November and February as demand weakened and interest rates rose, the Bank of Italy said on Friday. In the three months…
France’s manufacturing sector shrinks in Feb as export demand weakens -PMI
PARIS (Reuters) – Activity in France’s manufacturing sector declined in February, after stabilising the previous month, due in part to worsening export demand, a survey by S&P Global showed on Wednesday. “Moderate…
Syria weakens official exchange rate
DAMASCUS (Reuters) – Syria weakened its official exchange rate to 4,522 Syrian pounds to the dollar, a central bank statement said on Monday, while black market rates used for most economic activity…
South Korea Dec factory activity weakens on demand slump, trucker strike – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led…
NZ’s Fonterra cuts milk price forecast as demand weakens
(Reuters) – New Zealand’s Fonterra Co-operative Group Ltd on Thursday lowered its farmgate milk price forecast range for the second time for the 2022/23 season on higher costs and softening demand for…
WTO says trade growth likely to slow as demand weakens
GENEVA (Reuters) – The World Trade Organization said on Monday that its goods barometer had fallen below trend, indicating that trade growth was set to slow in the closing months of 2022…
U.S. business activity weakens further; euro zone downturn eases slightly
By Lucia Mutikani and Jonathan Cable WASHINGTON/LONDON (Reuters) – U.S. business activity contracted for a fifth straight month in November as higher interest rates slowed demand but the downturn in euro zone…
U.S. business activity weakens further in November – S&P Global survey
WASHINGTON (Reuters) – U.S. business activity contracted for a fifth straight month in November, with a measure of new orders dropping to its lowest level in 2-1/2 years as higher interest rates…
Indonesia Oct trade surplus seen at $4.5 billion as global trade weakens- Reuters poll
JAKARTA (Reuters) – Indonesia’s trade surplus is seen narrowing slightly in October to $4.5 billion, amid weakening in global trade and moderating commodity prices, a Reuters poll showed on Monday. Exports from…
China’s Oct exports seen cooling further as global demand weakens- Reuters poll
BEIJING (Reuters) – China’s export growth likely cooled further in October as global demand continued to soften, while imports remained sluggish amid weakening growth at home, a Reuters poll showed on Friday.…
South Korea FX reserves fall again in Oct as won weakens
SEOUL (Reuters) – South Korea’s foreign exchange reserves shrank for a third consecutive month in October, although by a relatively small amount, partly due to efforts of taming the won’s fall against…
South Korea FX reserves fall again in Oct as won weakens
SEOUL (Reuters) – South Korea’s foreign exchange reserves shrank for a third consecutive month in October, although by a relatively small amount, partly due to efforts of taming the won’s fall against…
U.S. business activity weakens again in October -S&P Global survey
(Reuters) – U.S. business activity contracted for a fourth straight month in October, with manufacturers and services firms in a monthly survey of purchasing managers both reporting weaker client demand, the latest…
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