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February 28, 2020
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Japan’s January factory output beats forecasts but slowdown expected

Reuters
TOKYO (Reuters) – Japan’s factory output rose more than expected in January, providing some relief for policymakers amid heightened risks of a recession as the coronavirus outbreak in China disrupts supply chains and business activity. FILE PHOTO: Smoke rises from a factory during sunset at Keihin industrial zone in Kawasaki,......
Reuters - Business

U.S. pending home sales jump 5.2% in January

Reuters
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes rebounded in January to their second-highest monthly figure in about two years as low mortgage rates boosted sales. The National Association of Realtors said on Thursday its pending home sales index rose 5.2% to a reading of 108.8 last month.......
Reuters - Business

U.S. fourth-quarter GDP unrevised; weakness in business spending persists

Reuters
WASHINGTON (Reuters) – The U.S. economy grew moderately in the fourth quarter, the government confirmed on Thursday, and is facing a bumpy road in early 2020 amid the fast-spreading deadly coronavirus that has roiled financial markets. FILE PHOTO: An assembly line worker works on the production line at Midwest Automotive......
Reuters - Business

China’s top container ports unclog backlog as virus curbs ease

Reuters
BEIJING (Reuters) – China’s top container ports are loosening the backlog of cargoes on their docks as workers return to their posts after coronavirus travel curbs that kept them away and jammed up global supply chains have been eased. A foreman wearing a face mask works as a cargo ship......
Reuters - Business

U.S. consumer confidence holds at higher levels despite coronavirus

Reuters
WASHINGTON (Reuters) – U.S. consumer confidence edged up in February, suggesting a steady pace of consumer spending that could support the economy despite growing fears over the fast-spreading coronavirus, which have roiled financial markets. Shoppers carry bags in Herald Square, New York, U.S., December 27, 2019. REUTERS/Bryan R Smith The......
Reuters - Business

U.S. weekly jobless claims rise slightly; mid-Atlantic factory activity accelerates

Reuters
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment. A “Now Hiring” sign sits in the window of Insomnia Cookies in Cambridge, Massachusetts,......
Reuters - Business

U.S. housing starts drop; building permits near 13-year high

Reuters
WASHINGTON (Reuters) – U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength that could help keep the longest economic expansion in history on track. A new apartment building housing construction site is seen in Los Angeles, California,......
Reuters - Business

WTO gives somber outlook for global trade, sees virus threat

Reuters
A traffic light is turned red in front of the WTO headquarters in Geneva, Switzerland, December 10, 2019. REUTERS/Denis Balibouse BRUSSELS (Reuters) – Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on Monday, adding that the below-trend performance......
Reuters - Business

Japan on brink of recession as economy contracts, virus heightens risk

Reuters
TOKYO (Reuters) – Japan’s economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China’s coronavirus outbreak chills global activity. Analysts say the widening fallout from the epidemic, which......
Reuters - Business

Japan’s recession risks grow as economy skids in fourth-quarter, virus clouds outlook

Reuters
TOKYO (Reuters) – Japan’s economy shrank at the fastest pace in almost six years in the December quarter as last year’s sales tax hike hit consumer and business spending, highlighting a fragile outlook made worse by growing coronavirus risks. FILE PHOTO: Newly manufactured cars of the automobile maker Subaru await......
Reuters - Business

U.S. January industrial output falls on weather, Boeing drop

Reuters
FILE PHOTO: An assembly line worker works on the production line at Renegade RV manufacturing plant in Bristol, Indiana, U.S., April 16, 2019. REUTERS/Tim Aeppel WASHINGTON (Reuters) – U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing Co (BA.N) slowed......
Reuters - Business

China’s GDP goal on track despite virus impact: government economist

Reuters
BEIJING (Reuters) – China will be able to achieve its long-term goal of doubling gross domestic product and incomes this year despite the impact from a conoravirus outbreak, an influential economist at a top government think tank said on Wednesday. FILE PHOTO: Workers are seen at a construction site in......
Reuters - Business

China firms cut staff on virus outbreak as Xi vows no large-scale layoffs

Reuters
SHANGHAI (Reuters) – A Chinese media company said it will lay off 500 employees due to the coronavirus outbreak, the latest among a string of firms to do so in the past two weeks as the epidemic takes a toll on small-to-medium sized businesses. FILE PHOTO: People wearing face masks......
Reuters - Business

Mild weather boosts U.S. job growth; jobless rate ticks up

Reuters
WASHINGTON (Reuters) – U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment. FILE PHOTO – Job seekers line up to apply during “Amazon Jobs Day,” a job fair......
Reuters - Business

Defense aircraft demand lifts U.S. factory orders; underlying softness remains

Reuters
WASHINGTON (Reuters) – New orders for U.S.-made goods increased by the most in nearly 1-1/2 years in December, flattered by robust demand for defense aircraft, but persistently weak business spending on equipment pointed to limited scope for a sharp rebound in manufacturing. FILE PHOTO: Engines assembled as they make their......
Reuters - Business

East African airlines suspend China flights due to coronavirus

Reuters
NAIROBI/KIGALI (Reuters) – Kenya Airways and RwandAir said on Friday that they had suspended all flights to and from China until further notice after a virus outbreak killed more than 200 people in China and spread to 18 countries. FILE PHOTO: Kenya Airways planes are seen parked at the Jomo......
Reuters - Business

Fed keeps rates steady, to tailor Treasury bill purchases later this year

Reuters
WASHINGTON (Reuters) – The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank pointing to continued moderate economic growth and a “strong” job market, and giving no sign of any imminent changes in borrowing costs.......
Reuters - Business

Fed holds rates steady, offers no new guidance on balance sheet

Reuters
NEW YORK (Reuters) – The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth and a “strong” job market. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S.,......

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