By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5% in April, higher than forecast, official data showed on Tuesday. Core inflation – which excludes private road transport and accommodation costs – rose 5% year-on-year in April whereas a Reuters poll of economists had forecast a 4.7% increase. Lower inflation for electricity,…
By Lewis Krauskopf NEW YORK (Reuters) – Strategists at some of Wall Street’s biggest banks are sounding increasingly worried about potential market fallout from the standoff over raising the U.S. debt ceiling, even as stocks continue grinding higher. The S&P 500 is up more than 9% this year and stands around its highest point since…
A look at the day ahead in European and global markets from Tom Westbrook Last month, better-than-expected PMI surveys helped pep markets’ mood and kept stocks levitating near recent highs. This time, economists are expecting another bullish take on the world from supply-chain managers and for services to again make up for lacklustre manufacturing. European…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s inflation-adjusted real wages fell the most in eight years in the fiscal year 2022, government data showed on Tuesday, highlighting the pain of inflation eroding consumers’ purchasing power. The yearly data brought home the importance of accelerating wage increases to outpace stubbornly high inflation, which is not the kind…
By Krystal Hu and Manya Saini (Reuters) -SoftBank Investment Advisers, which manages two Vision Funds, is exploring launching a private credit strategy that provides debt or debt-like structured financing for late-stage tech startups, people familiar with the matter told Reuters. The fund aims to offer liquidity options to tech startups, including some of SoftBank’s own…
By Chris Taylor NEW YORK (Reuters) – As any fan of spy thrillers knows, there is only one place to put your really valuable stuff: A safe deposit box. But even if you are not Jason Bourne – who needs somewhere to store his multiple passports, guns, and stacks of foreign cash – safe deposit…
SEOUL (Reuters) – South Korea’s household credit shrank at a record pace in the first quarter as high interest rates suppressed demand, central bank data showed on Tuesday. The country’s total household credit stood at 1,853.9 trillion won ($1.40 trillion) at the end of March, down 0.7% from December and down 0.5% from a year…
TOKYO (Reuters) – Japan’s manufacturing activity expanded for the first time in seven months in May, while the service-sector hit record growth, a survey showed on Tuesday, as the post-COVID recovery shored up business conditions. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) rose to a seasonally adjusted 50.8 in May, from…
By Saeed Azhar and Shreyashi Sanyal NEW YORK (Reuters) – Wall Street finished mixed on Monday, with the Nasdaq helped by gains in Alphabet and Meta Platforms, while the S&P 500 ended near flat as investors refrained from big bets ahead of a fresh round of talks about raising the U.S. debt ceiling. U.S. President…
By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will keep interest rates unchanged for a third time on Thursday to assess the impact of previous hikes on inflation and economic growth, according to a Reuters poll of economists who were divided over the prospect of a rate cut by the end of the…
