Economic Indicators5 hours ago (Apr 03, 2020 02:30AM ET) (C) Reuters. FILE PHOTO: Signage outside a Nationwide Building Society branch in London LONDON (Reuters) – Nationwide Building Society, one of Britain’s biggest lenders, is abandoning plans to enter the business banking market, saying the coronavirus epidemic has made it commercially […]
Central European FX could begin slow rebound after virus hit: Reuters poll
Economic Indicators5 hours ago (Apr 03, 2020 02:10AM ET) By Miroslava Krufova and Jason Hovet PRAGUE (Reuters) – Central Europe’s currencies could be over the worst of their pounding as a result of the global coronavirus pandemic, as Hungary’s forint is seen recovering from record lows and the Czech crown […]
Japan’s household spending to slump in February as virus hits demand
Economic Indicators7 hours ago (Apr 03, 2020 12:20AM ET) By Leika Kihara TOKYO (Reuters) – Japan’s household spending likely fell for the fifth straight month in February, a Reuters poll showed on Friday, adding to growing signs of the pain the coronavirus pandemic is inflicting on an economy already on […]
Aussie and kiwi may be past the worst, if analysts right: Reuters poll
Economic Indicators9 hours ago (Apr 02, 2020 09:55PM ET) (C) Reuters. Illustration photo of Australian dollars By Wayne Cole SYDNEY (Reuters) – Analysts think the worst may already be over for the hard-hit Australian and New Zealand dollars and see them slowly regaining ground over the year ahead, a surprising […]
Japan service sector activity slumps most in a decade as virus impact spreads
Economic Indicators11 hours ago (Apr 02, 2020 08:45PM ET) (C) Reuters. People wearing protective face masks, following an outbreak of the coronavirus disease (COVID-19), takes a rest next to almost empty seats of a cafe and restaurant at the Roppongi Hills complex in Tokyo TOKYO (Reuters) – Japan’s services sector […]
Hong Kong business activity slumps further in March as virus pummels economy
Economic Indicators11 hours ago (Apr 02, 2020 08:40PM ET) (C) Reuters. A general view of Hongkong International Terminals as part of the Kwai Tsing Container Terminals in Hong Kong HONG KONG (Reuters) – Business activity in Hong Kong deteriorated further in March, a private survey showed on Friday, as demand, […]
U.S. weekly jobless claims blow past six million as coronavirus lockdowns spread
2/2 (C) Reuters. FILE PHOTO: An empty restaurant is seen in Manhattan borough following the outbreak of coronavirus disease (COVID-19) in New York City 2/2 By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing claims for unemployment benefits shot to a record high of more than 6 million […]
PIMCO sees short, severe recession; positioned defensively
Economic Indicators8 hours ago (Apr 02, 2020 11:00AM ET) By Kate Duguid NEW YORK (Reuters) – Pacific Investment Management Co (PIMCO), one of the world’s largest investment firms, told clients on Thursday the coronavirus outbreak is likely to cause a short and severe recession, and that the risk of a […]
U.S. factory orders unchanged in February
Economic Indicators9 hours ago (Apr 02, 2020 10:35AM ET) (C) Reuters. FILE PHOTO: Line workers spot weld parts of the frame on the flex line at Nissan Motor Co’s automobile manufacturing plant in Smyrna Tennessee WASHINGTON (Reuters) – New orders for U.S.-made goods were unexpectedly flat in February, and could […]
U.S. trade deficit near three-and-a-half-year low as Chinese imports tumble
Economic Indicators9 hours ago (Apr 02, 2020 10:10AM ET) By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit dropped to near a 3-1/2-year low in February as the coronavirus pandemic pushed imports from China to their lowest level since 2009. The Commerce Department said on Thursday the trade deficit […]