Economic Indicators11 hours ago (May 21, 2020 07:40PM ET) 2/2 (C) Reuters. A shopper pushes a trolley in a supermarket in London 2/2 LONDON (Reuters) – British consumer confidence in early May dipped back down to its joint-lowest level since the global financial crisis in 2009, despite moves by the […]
Japan’s Corporate Profit Tumbles Most Since Financial Crisis
Stock Markets13 hours ago (May 21, 2020 06:18PM ET) (C) Reuters. Japan’s Corporate Profit Tumbles Most Since Financial Crisis (Bloomberg) — In what may prove to be one of the most dragged out earnings seasons ever, Japanese companies are reporting their worst drop in operating profits since the financial crisis. […]
U.S. Jobless-Claims Data Become Much Trickier as Economic Gauge
(C) Reuters. U.S. Jobless-Claims Data Become Much Trickier as Economic Gauge (Bloomberg) — For decades, the U.S. jobless-claims report has provided a straightforward, routine read on the labor market every Thursday. Now it carries a variety of asterisks. Two sizable reporting errors in as many weeks have inflated the U.S. […]
Children’s books, puzzles and wireless bras: the Canadian products thriving in a pandemic
(C) Reuters. FILE PHOTO: A student is escorted into the schoolyard by a teacher as schools reopen outside the greater Montreal region in Saint-Jean-sur-Richelieu By Moira Warburton TORONTO (Reuters) – A children’s bookshop in Halifax, a game store in Vancouver, and a Toronto-based company making wireless bras and loungewear are […]
Argentina creditor Greylock says default hard to avoid, but debt deal doable
Economic Indicators3 hours ago (May 21, 2020 03:15PM ET) 2/2 (C) Reuters. FILE PHOTO: Argentine Economy Minister Martin Guzman reacts during an interview with Reuters, in Buenos Aires 2/2 By Cassandra Garrison and Marc Jones BUENOS AIRES (Reuters) – Argentina probably cannot avoid defaulting on a bond payment due on […]
‘Highly uncertain’ whether Colombia will meet 2020 deficit target: minister
Economic Indicators6 hours ago (May 21, 2020 12:25PM ET) (C) Reuters. FILE PHOTO: Colombia’s Finance Minister Alberto Carrasquilla Barrera speaks during the Fourth Colombian Business Congress in Medellin BOGOTA (Reuters) – It is “highly uncertain” whether Colombia’s government will meet its deficit target of 6.1% of gross domestic product this […]
Exclusive: Irish budget deficit could top 10% of GDP – Finance Minister
Economic Indicators6 hours ago (May 21, 2020 12:00PM ET) DUBLIN (Reuters) – Ireland could post a wider budget deficit this year than its worst-case scenario of 10% of GDP, even if it fully succeeds in reopening the economy, Finance Minister Paschal Donohoe told Reuters on Thursday. The government has committed […]
U.S. Business Activity Stabilizes in May, IHS Markit Data Show
Forex8 hours ago (May 21, 2020 10:09AM ET) (C) Bloomberg. A worker operates a forklift to move crates of citrus fruits at the Premier Citrus LLC packing facility in Vero Beach, Florida, U.S. Photographer: Eve Edelheit/Bloomberg U.S. business activity shrank less in May than a month earlier as the economy […]
U.S. existing home sales post largest decline in nearly 10 years
Economic Indicators8 hours ago (May 21, 2020 10:05AM ET) (C) Reuters. FILE PHOTO: Construction workers build a single family home in San Diego, California WASHINGTON (Reuters) – U.S. home sales logged their biggest drop in nearly 10 years in April as the novel coronavirus pandemic upended the labor market and […]
South Africa Cuts Key Rate Fourth Straight Time to Record Low
Forex8 hours ago (May 21, 2020 09:45AM ET) (C) Bloomberg. A sign advising passengers must wear protective face masks hangs on a beam at the Randburg taxi rank in Johannesburg on May 14. Photographer: Waldo Swiegers/Bloomberg (Bloomberg) — The South African Reserve Bank cut its benchmark interest rate for the […]