60.6 F
New York
May 24, 2022

TRACC

Analysis: Fragile won, rising U.S. rates point to faster Bank of Korea tightening

Reuters
SEOUL, May 10 (Reuters) – South Korea’s central bank got ahead of the tightening curve last year but now faces pressure to move faster and farther as the weakening won fuels inflation and the U.S. Federal Reserve takes a big-step approach to raising rates. The Bank of Korea, the first......

U.S. wholesale inventories rise strongly; first-quarter GDP seen revised slightly up

Reuters
Kathleen Littel shops for Christmas gifts at Hammond’s Candies, the largest U.S. wholesale supplier of candy canes, in Denver, Colorado, U.S., December 16, 2021. REUTERS/Alyson McClaran Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 9 (Reuters) – U.S. wholesale inventories increased solidly in March and the pace......

China’s April exports slow, imports unchanged amid expanding virus curbs

Reuters
Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. REUTERS/Aly Song/Files Register now for FREE unlimited access to Reuters.com Register Exports +3.9% yr/yr vs +3.2% forecast, +14.7% in March Imports 0.0% yr/yr vs -3.0% forecast, -0.1% in March Trade surplus at $51.12 bln, vs......

Manufacturing drives strong U.S. hiring; wage growth cools

Reuters
Nonfarm payrolls increase 428,000 in April Unemployment rate steady at 3.6%; participation rate falls Average hourly earnings rise 0.3% Average workweek unchanged at 34.6 hours WASHINGTON, May 6 (Reuters) – U.S. job growth increased more than expected in April as manufacturers boosted hiring, underscoring the economy’s strong fundamentals despite a......

Worker shortages hamper U.S. private payrolls, services sector in April

Reuters
A job posting looking for workers is shown at a gas station in San Diego, California, U.S. November, 9, 2021. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Private payrolls increase 247,000 in April Trade deficit jumps 22.3% to $109.8 billion in March Imports surge 10.3%; exports......

Biden to tout falling U.S. budget deficit in speech

Reuters
U.S. President Joe Biden salutes as he boards Air Force One to return to Washington from Maxwell Air Force Base in Montgomery, Alabama, U.S. May 3, 2022. REUTERS/Jonathan Ernst/File Photo Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – U.S. President Joe Biden on Wednesday will......

Saudi, Pakistan to discuss possible support for kingdom’s $3 billion deposit

Reuters
Saudi Crown Prince Mohammed bin Salman meets Pakistan’s Prime Minister Shehbaz Sharif upon his arrival in Jeddah, Saudi Arabia, April 29, 2022. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register May 1 (Reuters) – Saudi Arabia and Pakistan will discuss the......

South Korea trade deficit deepens in April, slowest export growth in 14 months

Reuters
Cranes and shipping containers are seen at Pyeongtaek port in Pyeongtaek, South Korea, July 9, 2020. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register SEOUL, May 1 (Reuters) – South Korea’s exports grew at their slowest pace in 14 months in April, with the trade deficit in......

U.S. consumer spending accelerates; wage inflation rising

Reuters
Shoppers browse in a supermarket in north St. Louis, Missouri, U.S. April 4, 2020. REUTERS/Lawrence Bryant/File Photo Register now for FREE unlimited access to Reuters.com Register Consumer spending increases 1.1% in March PCE price index jumps 0.9%; up 6.6% year-on-year Core PCE gains 0.3%; increases 5.2% year-on-year Employment cost index......

Omicron, trade weigh on U.S. economy in first quarter

Reuters
First-quarter GDP declines at 1.4% rate Inventories, trade masking underlying economic strength Business investment surges; consumer spending strong Weekly jobless claims fall 5,000 to 180,000 WASHINGTON, April 28(Reuters) – The U.S. economy unexpectedly contracted in the first quarter amid a resurgence in COVID-19 cases and drop in pandemic relief money......

Wall St rises at open as Meta earnings offset GDP worries

Reuters
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar//File Photo Register now for FREE unlimited access to Reuters.com Register April 28 (Reuters) – Wall Street’s main indexes opened higher on Thursday......

Dovish BoJ sends yen to 20-year low, pressure on euro grows

Reuters
LONDON/SYDNEY, April 28 (Reuters) – The dollar rose past the psychological level of 130 yen on Thursday for the first time since 2002, after the Bank of Japan (BOJ) doubled-down on its super-low yield policy, while the euro briefly fell below another symbolic mark of $1.05. There had been some......

South Korea first-quarter growth likely slowed sharply by COVID curbs: Reuters poll

Reuters
People pose for photographs on a sunny spring day amid the coronavirus disease (COVID-19) pandemic at a Han river park in Seoul, South Korea, April 19, 2022. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register Q1 GDP seen up 0.6% vs previous quarter, up 2.8% on year......

Stocks wobble as China lockdowns weigh; yen wallows

Reuters
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Russian Trading System (RTS) Index, Japan’s Nikkei index and the Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to......

Yellen to push institutions to scale up response to war-fueled food security crisis

Reuters
WASHINGTON, April 18 (Reuters) – U.S. Treasury Secretary Janet Yellen will convene a high-level panel on Tuesday to discuss the global response to an ongoing food security crisis exacerbated by Russia’s war against Ukraine, the Treasury Department said in a statement. The meeting will include the heads of the International......

Pakistan’s new govt decides not to roll back fuel, power subsidies

Reuters
Pakistan’s Prime Minister Shehbaz Sharif gestures during the guard of honour ceremony at the Prime Minister house in Islamabad, Pakistan April 12, 2022. Press Information Department (PID) Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register ISLAMABAD, April 15 (Reuters) – Pakistan’s new government on Friday decided......

Higher gasoline prices flatter U.S. retail sales; consumers remain resilient

Reuters
Shoppers look for deals at the Pentagon City Mall in Arlington, Virginia, U.S., November 29, 2019. REUTERS/Loren Elliott/File Photo Register now for FREE unlimited access to Reuters.com Register Retail sales increase 0.5% in March Gasoline accounts for bulk of rise in sales Core retail sales dip 0.1%; online sales drop......

China’s imports unexpectedly fall as COVID curbs convulse trade outlook

Reuters
Trucks travel past containers at the Yangshan Deep Water Port in Shanghai, China January 13, 2022. Picture taken January 13, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register March export growth eases slightly but beats forecasts March imports unexpectedly fall Ukraine war, COVID lockdowns taking a......

Sri Lanka doubles interest rates to tame inflation; stabilise economy

Reuters
CBank hikes rates by 700 bps Sri Lanka beset by crippling economic crisis Finance minister seeks debt moratorium, financial aid COLOMBO, April 8 (Reuters) – Sri Lanka’s central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared......

Column: Ebbing dollar reserves only scratch on dominance :McGeever

Reuters
United States one dollar bills are put in packaging bands during production at the Bureau of Engraving and Printing in Washington November 14, 2014. REUTERS/Gary Cameron/File Photo Register now for FREE unlimited access to Reuters.com Register ORLANDO, Fla., April 6 (Reuters) – The U.S. dollar’s share of world currency reserves......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More