SEOUL (Reuters) – Most of the South Korean central bank’s board members cited concerns about the U.S. banking sector’s health as a major factor to keep interest rates steady at their[...]
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May 2, 2023
Australia central bank stuns with 25-bps hike, warns more might be needed
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday stunned markets by raising its cash rate 25 basis points when traders had looked for an extended pause, saying inflation was w[...]
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Russian factory activity expands in April as export orders pick up
MOSCOW (Reuters) – Activity in Russia’s manufacturing sector grew for the 12th month running in April, and new export orders ended a 14-month sequence of decline, while inflationary pressu[...]
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South African rand up slightly; focus on local PMIs and Fed this week
JOHANNESBURG (Reuters) – South Africa’s rand was marginally stronger in early trade on Tuesday, with market attention this week likely to hinge on local purchasing managers’ index (P[...]
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Indonesia’s April annual inflation eases to 4.33%, below forecast
By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s consumer price index rose 4.33% annually in April, government data showed on Tuesday, slowing from the previous month and reinforcing e[...]
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IMF raises Asia’s economic forecast on China recovery, warns of risks
By Leika Kihara (Reuters) -The International Monetary Fund (IMF) raised Asia’s economic forecast on Tuesday as China’s recovery underpinned growth, but warned of risks from persistent infl[...]
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Normalising China-Australia trade will take more than a political fix
By Lewis Jackson and Muyu Xu SYDNEY (Reuters) – More than three years since China first blocked a range of Australian imports in a political dispute, restrictions are easing, but reviving trade[...]
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U.S. Postal Service next-generation delivery vehicles delayed to mid-2024
By David Shepardson WASHINGTON (Reuters) – The U.S. Postal Service (USPS) said on Monday it expected to receive next-generation delivery vehicles in June 2024, nine months behind a prior schedul[...]
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Marketmind: RBA shock hike starts huge week for central banks
A look at the day ahead in European and global markets from Asia markets correspondent Kevin Buckland. The Reserve Bank of Australia kicked off a string of major central bank meetings this week by sur[...]
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