Carmakers aim to help suppliers as materials prices surge Automakers absorb costs in departure from deflation playbook 39;Supplier sustainability is our sustainability39; Nissan COO Inflation disruption comes in wake of COVID supply chain woes TOKYO, June 15 Reuters For decades, Japan39;s powerful automakers had a playbook to deal with deflation press suppliers for lower prices […]

May trade deficit 2.385 trln yen, largest since Jan 2014 Imports gain more than expected yy May exports rise less than expected yy TOKYO, June 16 Reuters Japan ran its biggest singlemonth trade deficit in more than eight years in May as high commodity prices and declines in the yen swelled imports, clouding the country39;s […]

Raft of May data points to signs of economic recovery Industrial output perks up, but consumption still weak Jobless rate in big cities picked up to record high Fears of more COVID curbs, slow recovery raise policy challenge BEIJING, June 15 Reuters China39;s economy showed signs of recovery in May after slumping in the prior […]

WASHINGTON, June 15 Reuters U.S. business inventories increased strongly in April amid a moderation in sales, government data showed on Wednesday. Business inventories rose 1.2 after advancing 2.4 in March, the Commerce Department said. Inventories are a key component of gross domestic product. April39;s increase was in line with economists39; expectations. Inventories advanced 16.6 on […]

June 13 Reuters U.S. consumers39; inflation expectations one year from now worsened in May but there they were still generally bullish about the strength of the labor market, underscoring the imbalances facing the U.S. Federal Reserve this week as it grapples with how to rein in price pressures. Median expectations for where inflation will be […]

BERLIN, June 15 Reuters Germany39;s IfW economic institute said on Wednesday it was raising its forecast for German inflation this year to 7.4 from 5.8 previously. For 2023, the IfW raised its inflation forecast to 4.2 from 3.4. IfW, one of the Germany39;s leading institutes and part of a group that advises the government, nevertheless […]

ZURICH, June 15 Reuters Switzerland became the latest country to downgrade its economic growth forecasts on Wednesday, with the government warning risks stemming from the war in Ukraine and food and energy inflation have increased. The Swiss economy is expected to expand by 2.6 in 2022, the State Secretariat for Economic Affairs SECO said, revising […]

BERLIN, June 15 Reuters German steel workers and employers have struck a deal for a 6.5 wage hike from August, ending lengthy negotiations that come amid soaring inflation and a spike in energy prices. This is the highest percentage increase in the steel industry in 30 years, said Knut Giesler, negotiator for powerful labour union […]

June 15 Reuters The average interest rate on the most popular U.S. home loan climbed to its highest level since the 2008 financial crisis and purchase applications were down more than 15 from last year, Mortgage Bankers Association MBA data showed on Wednesday. Still, more homebuyers sought properties compared to a week earlier, perhaps signalling […]

BENGALURU, June 14 Reuters Indian shares ended lower on Tuesday as a surge in wholesale price inflation to 30year highs stoked fears of more interest rate hikes, offsetting positive cues from global peers. After swinging between gains and losses for most of the session, the NSE Nifty 50 index ended down 0.3 at 15,732.1. The index […]