Policy rate expected to remain in 5.255.50 range Analysts see Fed scaling back projected 2024 rate cuts Start of policy easing hinges on inflation data WASHINGTON, June 12 Reuters The Federal Reserve is expected to leave interest rates unchanged on Wednesday, with new economic projections from the U.S. central bank39;s policymakers likely to show fewer […]

May wholesale prices rise 2.4 yryr vs forecast 2.0 Yenbased import goods prices accelerate pace of gain Renewed cost pressure may cool consumption, economy Data comes ahead of BOJ meeting, rates seen on hold TOKYO, June 12 Reuters Japan39;s wholesale inflation jumped in May at the fastest annual pace in nine months, data showed on […]

ISLAMABAD, June 12 Reuters Pakistan39;s coalition government will present on Wednesday its budget for the fiscal year to June 2025 that analysts expect to set ambitious fiscal targets as it looks to strengthen the case for a new bailout deal with the International Monetary Fund. The budget comes a day after the government said economic […]

Firms fear more expensive or reduced services following merger UBS has warned of 39;repricing39; to come Availability of credit is biggest concern Swiss pricing watchdog following situation closely ZURICH, June 12 Reuters UBS39;s takeover of Credit Suisse has fed a creeping anxiety that Swiss companies will pay a price for the enlarged bank39;s outsize market strength. […]

China39;s consumer inflation steady, factory deflation eases Underlying demand weakness reinforces need for more stimulus Property sector crisis remains biggest drag on confidence, demand BEIJING, June 12 Reuters China39;s consumer inflation held steady in May while producer price declines eased, but the underlying trend suggests Beijing would need to do more to prop up feeble […]

SHANGHAIBEIJING, June 12 Reuters China39;s securities regulator said on Wednesday that it welcomes foreign financial institutions and investors, including those from the Middle East, to expand investment in China. The statement was made in response to a Reuters request seeking comment on news that Qatar39;s sovereign wealth fund had agreed to buy a 10 stake in China […]

BERLIN, June 12 Reuters German inflation rose in May due to higher services prices, the federal statistics office said on Wednesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, rose 2.8 on the year in May. They had risen by 2.4 yearonyear in April. The inflation rate is slightly up again, mainly […]

June 12 Reuters Britain39;s economy showed no growth in April after a strong start to 2024, caused in large part by rainy weather, but the opposition Labour Party jumped on the figures to attack Prime Minister Rishi Sunak39;s preelection claims of a turnaround. Gross domestic product was flat in April as expected by economists polled […]

BEIJING, June 12 Reuters China will take all necessary measures to firmly safeguard its lawful rights and interests after a newspaper reported that the European Commission would impose tariffs of up to 25 on imported Chinese electric vehicles EVs, its foreign ministry said on Wednesday. After an eightmonth long investigation, the Commission, which oversees trade policy for […]