By Maria Martinez BERLIN (Reuters) -The German economy stagnated in the first quarter, as a decline in government and household consumption was balanced out by an increase in exports and capital investment, data showed on Friday. Gross domestic product was unchanged quarter on quarter in adjusted terms, the federal statistics office said. A Reuters poll…
By Jeanny Kao and Faith Hung TAIPEI (Reuters) -Taiwan’s export-dependent economy contracted more than expected in the first quarter and slipped into recession as exports were hit by slowing global tech demand and broader economic woes, but should hit a 2% growth target this year. Gross domestic product (GDP) shrank 3.02% in January-March from a…
(Reuters) – The Bank of Japan (BOJ) on Friday kept ultra-low interest rates but announced a broad review of its monetary policy, laying the groundwork for new Governor Kazuo Ueda to gradually phase out his predecessor’s massive stimulus programme. Following are excerpts from the news conference, which was conducted in Japanese, as translated by Reuters:…
TAIPEI (Reuters) -A Chinese uncrewed combat aircraft has flown around Taiwan, the island’s defence ministry said, showcasing Beijing’s ability to attack its fall-back east coast bases, as a U.S. maritime patrol aircraft transited the Taiwan Strait. China, which views democratically governed Taiwan as its own territory, has increased military pressure on the island over the…
By Geert De Clercq PARIS (Reuters) -The French economy grew slightly in the first quarter, despite a series of strikes against the government’s pension reform bill, but inflation remained stubbornly high, rising to nearly six percent in April. Statistics agency INSEE data showed GDP edging up 0.2% in Q1, in line with expectations, after a…
By Rae Wee and Joice Alves SINGAPORE/LONDON (Reuters) – The Japanese yen fell to a nine-year low against the euro on Friday after the Bank of Japan (BOJ) left its ultra-easy monetary policy unchanged even as it scrapped a pledge to keep interest rates low. The euro briefly rose to its highest level against the…
(Reuters) – The Bank of Japan (BOJ) on Friday kept ultra-low interest rates, but announced a broad review of its monetary policy, laying the groundwork for new Governor Kazuo Ueda to phase out his predecessor’s massive stimulus programme. As widely expected, the BOJ made no changes to its yield curve control (YCC) policy that sets…
By Victoria Waldersee BERLIN (Reuters) -Mercedes-Benz struck a slightly more optimistic tone alongside its first quarter results on Friday, saying demand in China and the United States was showing signs of picking up as markets recover from inflationary and supply chain shocks. Demand in Europe was still sluggish, but the German automaker expects that to…
By Sharon Bernstein (Reuters) – The states of Vermont and Washington took steps on Thursday to protect the availability of medication abortions in the event that a lawsuit challenging federal approval for a commonly used abortion drug prevails in court. A series of bills were either passed or signed in the two states days after…
STOCKHOLM (Reuters) – Euro zone bank regulators should consider tweaking a raft of rules, from how much cash banks should hold to how failing institutions are resolved, in order to protect the financial system, two leading European Central Bank policymakers said. The 20-nation currency bloc’s lenders fared well in last month’s banking turmoil but some…
