WELLINGTON, May 19 Reuters New Zealand39;s government on Thursday promised to spend more than NZ1 billion 630 million to help people cope with inflation that has reached threedecade highs in the Pacific nation. The public deficit for the current financial year, ending on June 30, will be narrower than previously forecast but a return to […]

April exports 12.5 yryr vs forecast 13.8 Imports jump to biggest amount on record Trade deficit persists for nine months in row MOF Trade deficit may weaken yen more, hurt purchasing power TOKYO, May 19 Reuters Japan39;s exports extended doubledigit gains for a third straight month in April, but surging global commodity costs inflated the […]

The US labour market is becoming increasingly tight, but at the same time, the rate of job alternation is increasing steadily. The latest weekly data shows that the number of new jobless claims is dropping further to 1.317M, a new low since 1969 when the US population was 40 less than now. At the same […]

LONDON, May 19 Reuters Heavy falls in European and Asian stock markets followed Wall Street39;s worst day since mid2020 on Thursday, as stark warnings from some of the world39;s biggest retailers underscored just how hard inflation is biting. Bond markets rallied in the dive for safety and on bets that interest rate rises may get […]

Rates as of 0500 GMT Market Recap A profit warning hit the target Shares in US retailier Target Corp. were down as much as 28 at one point yesterday after the retailer missed profit forecasts and warned of a hit to margins from sales slowdown and excess inventory plus rising fuel and freight costs. It […]

UK consumer prices rose by 2.5 in April, the secondbiggest monthly gain in the indicators history since 1988. Annual inflation jumped from 7 to 9, unseen in the indicators history. The longerestablished retail price index last saw a high annual growth rate 11.1 yy in April in 1982, while such big monthly jump 3.4 mm […]

SYDNEY, May 18 Reuters The 10minute home loan at the tap of a smartphone screen is emerging as the next frontier in Australian banking as rising interest rates quash a pandemicfuelled property boom, eating into mortgage income and renewing focus on costcutting tech. The Big Four lenders booked blockbuster profit during the COVID19 pandemic due […]

Q1 annualised GDP 1.0 vs forecast 1.8 Consumption, import bills weigh on growth Ukraine war, COVID19, costpush inflation cloud outlook Weak data may prompt call for more spending as polls loom TOKYO, May 18 Reuters Japan39;s economy shrank for the first time in two quarters in the JanuaryMarch period as COVID19 curbs hit the service […]

FRANKFURT, May 18 Reuters The European Central Bank has told banks to buckle up and prepare for a bumpy road ahead as the Ukraine war hits the economy and a sudden surge in interest rates makes markets more volatile, the ECB top supervisor Andrea Enria said on Wednesday. Euro zone banks were just coming out […]

NEW DELHI, May 18 Reuters India39;s power ministry on Wednesday said it would cut domestic fuel supply to state governmentrun utilities by 5 if they do not import coal for blending by June 15, as officials struggle to address rising power demand. A heatwave pushed power use to a record high in April, leading to […]