BERLIN, May 28 Reuters Germany faces rising spending pressures and the government should consider easing the debt brake, the International Monetary Fund said on Tuesday, but finance ministry sources said such a move carried the risk of fuelling inflation. Altering the rules of the debt brake, which limits public deficits to 0.35 of gross domestic product, […]

WASHINGTON, May 28 Reuters U.S. house price growth slowed sharply in March, likely as rising mortgage rates weighed on demand, data showed on Tuesday. Prices edged up 0.1 in March after surging by an unrevised 1.2 in February, the Federal Housing Finance Agency said in its monthly report on home prices. On a yearoveryear basis, […]

May 28 Reuters Results from U.S. mallbased apparel chains this week will give a clearer picture of whether Americans are splurging on clothes and accessories heading into summer following mixed results from big retailers Walmart and Target. Abercrombie and American Eagle are set to see revenue rise for at least their fifth straight quarter, while Gap is expected […]

LONDONSEOULCHICAGO, May 28 Reuters Airfares in Europe and Asia are starting to plateau or fall in a sign that a prolonged postCOVID travel boom is waning, delivering a setback for airlines struggling with higher costs and limited aircraft availability. A global imbalance between supply of flights and pentup demand as air travel opened up after […]

TOKYO, May 28 Reuters The Bank of Japan39;s key measurements of underlying inflation in April all fell below its 2 target for the first time since August 2022, data showed on Tuesday, heightening uncertainty on the timing of its next interest rate hike. The weighted median inflation rate, among the three indicators closely watched as […]

LONDON, May 28 Reuters Prices in British shops rose at the slowest pace in 212 years this month, according to the British Retail Consortium which said the rate of inflation in the sector was back to normal after its surge. In a latest sign of easing inflation pressure that will be welcomed by the Bank […]