Economic Indicators2 hours ago (Mar 29, 2020 11:05PM ET) (C) Reuters. South Korea’s President Moon Jae-in speaks at the 8th trilateral leaders’ meeting between China, South Korea and Japan in Chengdu SEOUL (Reuters) – South Korea’s President Moon Jae-in said on Monday that the government will provide emergency cash payments […]
UK companies were worried about outlook even before lockdown: CBI
Economy16 hours ago (Mar 28, 2020 09:05PM ET) (C) Reuters. FILE PHOTO: People look out onto the Canary Wharf district as they walk through Greenwich Park in London LONDON (Reuters) – British companies in key sectors were already bracing for the biggest hit to business since 2009 even before last […]
Canada’s top lenders cut prime rates after central bank’s surprise move
Economic Indicators1 hour ago (Mar 27, 2020 10:10PM ET) (C) Reuters. The Royal Bank of Canada logo is seen outside of a branch in Ottawa TORONTO (Reuters) – Canada’s top lenders lowered their prime rates by 50 basis points on Friday, hours after the central bank unexpectedly cut its key […]
Corporate cash crunch makes bank funding metric look jittery
Economic Indicators9 hours ago (Mar 27, 2020 02:30PM ET) (C) Reuters. By David Henry NEW YORK (Reuters) – A high-temperature gauge of bank funding costs is at levels not seen since the 2008 financial crisis. But rather than signaling stress among major lenders, it is showing the biggest demand for […]
U.S. consumer sentiment near three-and-a-half-year low, spending tepid
(C) Reuters. Shoppers carry bags of purchased merchandise at the King of Prussia Mall, United States’ largest retail shopping space, in King of Prussia By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment dropped to near a 3-1/2-year low in March as the coronavirus epidemic upended life for Americans, and […]
U.S. consumer spending, inflation moderate in February
(C) Reuters. Shoppers carry bags of purchased merchandise at the King of Prussia Mall, United States’ largest retail shopping space, in King of Prussia By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the […]
Consumer Sentiment in U.S. Slumps by Most Since October 2008
Forex29 minutes ago (Mar 27, 2020 10:18AM ET) (C) Reuters. Consumer Sentiment in U.S. Slumps by Most Since October 2008 (Bloomberg) — U.S. consumer sentiment plummeted in March by the most since October 2008 as mounting Covid-19 cases nationwide and business closures elevated concerns about the economy. The University of […]
Bank of Canada Cuts Rates to 0.25%, Plans Asset Purchases
ForexMar 27, 2020 09:36AM ET (C) Reuters. Bank of Canada Cuts Rates to 0.25%, Plans Asset Purchases (Bloomberg) — The Bank of Canada slashed interest rates for a third time in a matter of weeks, and announced what appears to be a large scale asset purchase program to help shield […]
Each month of lockdown in major economies to shave two percentage points off growth: OECD
Economic Indicators3 hours ago (Mar 27, 2020 06:50AM ET) (C) Reuters. OECD’s Secretary General Gurria attends news conference at Chancellery in Berlin PARIS (Reuters) – Each month major economies spend in lockdown will knock 2 percentage points off annual growth, the Organisation for Economic Cooperation and Development said on Friday. […]
Japan February factory output seen cooling, retail sales down for fifth month as virus hit deepens: Reuters poll
Economic Indicators9 hours ago (Mar 27, 2020 01:40AM ET) 2/2 (C) Reuters. A man wearing a protective face mask stands at the Shinagawa station in Tokyo 2/2 TOKYO (Reuters) – Japan’s factory output likely slowed in February and retail sales dropped for a fifth straight month, a Reuters poll showed […]