By Leika Kihara TOKYO (Reuters) – The new governor of the Bank of Japan received a lukewarm response from the government on Monday to his plan to conduct a review of past monetary easing steps, as it remains cautious of declaring victory in a decades-long battle to end deflation. Governor Kazuo Ueda took up his…
NEW DELHI (Reuters) -India’s annual wholesale price index (WPI) fell for the first time in nearly three years in April, as prices softened across the board. WPI fell by 0.92% from the same month a year earlier, having risen 1.34% in March. The data compared with a Reuters poll that predicted a fall of 0.20%….
(Reuters) -Doyle Brunson, known as the “Godfather of Poker” for his hard-earned legacy in the game, died aged 89 in Las Vegas on Sunday, according to a family statement shared by Brunson’s agent on Twitter. “It is with a heavy heart we announce the passing of our father, Doyle Brunson. Please keep Doyle and our…
DUBAI (Reuters) – Saudi Arabia’s annual inflation rate was 2.7% in April, unchanged from the previous month, driven mostly by housing rental costs, government data released on Monday showed. Housing, water, electricity, gas, and other fuels rose by 8.1% from a year earlier, while the food and beverage sector – the leading driver for inflation…
STOCKHOLM (Reuters) – Inflation in Sweden slowed faster than expected in April, data from the statistics office showed on Monday, good news for the central bank that has fretted that price pressure could prove sticky and force it to make monetary policy tighter for longer. Consumer prices in Sweden, measured with a fixed interest rate,…
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche Automobil Holding SE, Qualcomm Ventures, VentureTech Alliance and others. As automakers pivot to electric vehicles with more driver assistance functions, they are revamping…
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar rose to a five-week high against major peers on Monday, buoyed by inflation worries at home and growth concerns globally, though its gains were capped by anticipation the Federal Reserve will cut rates later this year. The Turkish lira sank to a two-month low after weekend…
ROME (Reuters) – The European Commission will forecast Germany’s economic growth this year at 0.2%, while projecting a 1.2% rate for Italy, Italian daily La Stampa reported on Monday, citing Brussels-based sources. The Commission will issue its spring forecasts at 0900 GMT on Monday. The 0.2% rise in gross domestic product forecast for Germany would…
MUMBAI (Reuters) – India’s headline retail inflation in May is likely to fall further towards 4% — the midpoint of the central bank’s target and a level last seen in January 2021, according to a few economists, who expect lower food prices to aid the decline. India’s consumer price inflation (CPI) eased to an 18-month…
BERLIN (Reuters) – Germany’s wholesale price index fell slightly in April compared to the same month last year, the first year-on-year drop since December 2020, according to data released on Monday. Wholesale prices fell by 0.5% on the year and 0.4% on the previous month, compared to March readings of 2.0% and 0.2%, the federal…
