China consumer inflation accelerates in Dec; PPI falls with soft demand
BEIJING, Jan 12 (Reuters) – China’s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained...
Heavy discounts drive record U.S. online holiday spending, report says
Jan 5 (Reuters) – U.S. online spending during the 2022 holiday season rose by a better-than-expected 3.5%, a report by Adobe Analytics showed, as retailers...
World stocks soar, investors pare rate bets after US jobs data
Stocks rally as U.S. jobs data quells inflation fears Investors bet that Fed need not be as hawkish Treasury yields pull back, dollar sags NEW...
Japan’s Nov real wages fall most in 8 years, defying BOJ objective
Real wages fall for eighth straight months – govt Wage growth lags surging cost-push inflation Policymakers seek wage growth to support inflation BOJ action may...
BOJ to raise forecasts for key inflation gauge – sources
BOJ likely to raise 2022, 2023 ‘core-core’ price forecasts Board may slightly upgrade inflation forecast for fiscal 2024 Upgrade unlikely to trigger immediate rate hike...
Wall St Week Ahead Stumbling Treasury rally clouds bond market outlook for 2023
NEW YORK, Dec 30 (Reuters) – U.S. government bond investors hurting after the biggest annual decline in the history of the asset class are riding...
Biden signs $1.66 trillion FY 2023 government funding bill
CHRISTIANSTED, St. Croix, Dec 29 (Reuters) – President Joe Biden on Thursday signed a $1.66 trillion bill funding the U.S. government for fiscal year 2023,...
ECB should avoid things that worsen the economy, Italy PM says
ROME, Dec 29 (Reuters) – Italy’s Prime Minister Giorgia Meloni on Thursday said the European Central Bank should avoid making “pejorative choices” and communicate well...
Australia’s sovereign wealth fund buys gold, commodities as shadow of 1970s looms
SYDNEY, Dec 19 (Reuters) – Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it...
Gold price soars in Egypt as local currency weakens
CAIRO, Dec 27 (Reuters) – The price of gold in Egypt has risen to unprecedented highs as nervous savers seek refuge from a weakening currency...