By Devayani Sathyan BENGALURU (Reuters) – The Philippines central bank will likely leave its key interest rate unchanged at 6.25% on Thursday, and keep it there for the rest of 2023, marking an[...]
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May 16, 2023
German economic growth to remain muted in near term – IMF
BERLIN (Reuters) -The German economy has shown resilience over the last year thanks to a strong policy response and a mild winter, but economic growth will remain muted in the near term, the Internati[...]
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U.S. business inventories fall in March
WASHINGTON (Reuters) – U.S. business inventories unexpectedly fell in March, pulled down by a decline in stocks at manufacturers. Business inventories dipped 0.1% after being unchanged in Februa[...]
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US manufacturing production surges in April on motor vehicles
WASHINGTON (Reuters) – Production at U.S. factories surged in April, driven by an increase in output at motor vehicle plants, but manufacturing continues to be constrained by higher interest rat[...]
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US homebuilder sentiment rises to 10-month high in May
WASHINGTON (Reuters) – U.S. homebuilder sentiment rose to a 10-month high in May as tight housing supply boosted demand for new construction, according to a survey on Tuesday that also showed ti[...]
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Fed’s Mester says not yet at point where it can ‘hold’ rates
By Padraic Halpin DUBLIN (Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that she does not think the U.S. central bank is at a point yet where it can hold interes[...]
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Canada’s inflation unexpectedly rises in April, upping rate-hike pressure
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate rose in April for the first time in 10 months, data showed on Tuesday, adding pressure on the central bank to[...]
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Israel economy grows 2.5% in Q1, likely clinches another rate hike
By Steven Scheer and Maayan Lubell JERUSALEM (Reuters) – Israel’s economy slowed less than expected in the first quarter of 2023 due to strong industrial investment and along with strong i[...]
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US default could trigger recession, disrupt critical government services – Yellen
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday warned that a default on government debt would likely leave millions of Americans without income payments,[...]
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